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This promissory note is a written acknowledgment of a debt owed, between two or more parties, and a promise to repay the debt. Promissory notes can be secured or unsecured. This promissory note provides for a specific due date, fixed rate of interest, and due date of the repayment of the promissory note. It also provides for the option of securing the promissory note by way of collateral as well as various options of repayment frequency of principal and interest.
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Word Document
Size:
20 kb
Pages:
4
Views:
72
Posted:
10/14/09
Categories
DocStore > Agreements > Loan Agreements
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Promissory Note

PROMISSORY NOTE Borrower Information: [Name, Address of Borrowing Party] Lender Information: [Name, Address of Lending Party] AMOUNT: $__________________ INTEREST: _________ (___%) PERCENT DUE: _____________________ For value received, _________________, the undersigned, hereby unconditionally promises to pay to the order of ____________________, at _______________________, or at such other address as he/she/it in writing may direct, without any right of deduction, set-off or abatement whatsoever, the sum of _________________ ($_____________) DOLLARS (the "Principal"), with interest accrued, at the rate of __________ (___%) per annum, to become due and payable on the ____ day of ______________, _______ . The undersigned, hereby promises to pay the Principal and the interest accrued to _________________ in equal and consecutive ___________________ (m