Enter your search terms Submit search form
Powered by Google™

PROMISSORY NOTE (LONG FORM)

 

In consideration of value received, the undersigned , "Borrowers", do hereby jointly and severally promise to pay to ___________________________, "Lender", the amount of $___________________, upon which interest will accrue at ___________ percent per ________________. Borrowers agree to pay in conformity with the following terms: 

Such payments shall be first applied to interest and then to the principal. This Note may be paid in full at any time without penalty charges. Lender reserves the right to demand payment in full or in part, together with interest accrued, at any time and for any reason as Lender deems a breach of this contract.

In the event this Note shall be in default, and collection proceedings are instituted, the Borrowers agree to pay all reasonable attorney fees and costs of collection. Payments not made within ______ days of due date shall be subject to a late charge of $__________________.

The undersigned and all other parties to this Note, whether as endorsers, guarantors or sureties waive demand, presentment and protest and all notices thereto and further agree to remain bound, notwithstanding any extension, modification, waiver, or other indulgence by any holder or upon the discharge or release of any obligor hereunder or to this Note, or upon the exchange, substitution, or release of any collateral granted as security for this Note.

______________________ ___________________

Borrower Date

______________________ ___________________

Borrower Date

 

 

Warning:

These forms are provided AS IS. They may not be any good. Even if they are good in one jurisdiction, they may not work in another. And the facts of your situation may make these forms inappropriate for you. They are for informational purposes only, and you should consult an attorney before using them.

[Printer Friendly Version]