Promissory Note with Lump Sum Repayment Form

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Promissory Note with Lump Sum Repayment Form
Promissory Note with Lump Sum Repayment Form

Text version of this Form

$_________________________
Dated:__________________,20___

For value received, __________________________ of __________________________ (“Borrower”) promises to pay to __________________________ of __________________________ (Noteholder”), the principal amount of $__________,with interest at the annual rate of __________percent on any unpaid balance.

Payment on this note is due and payable to the Noteholder in full on or before _____________________ ,20 _____.

This note may be prepaid in whole or in part at any time without penalty.

If the Borrower is in default more than _______days with any payment, this note shall immediately become payable upon demand of any Noteholder.

This note is not assumable without the written consent of the Noteholder.

The Borrower waives demand, presentment for payment, protest, and notice.

In the event of any default, the Borrower will be responsible for any costs of collection on this note, including court costs and attorney fees.

_____________________________
Signature of Borrower

_____________________________
Printed Name of Borrower