Promissory Note Document

Promissory Note Document
  • Author: DIYD Legal Software
  • Publisher: Do It Yourself Documents, LLC
  • Edition: 3rd
  • Available by Download
  • List Price: $15.95
  • Our Price: $12.95

Description

FOR VALUE RECEIVED in the amount of $ ___________, the undersigned Borrower promises to pay as set out in this Promissory Note to the Lender or its successors and assigns, at such place as the Lender hereof may designate from time to time in writing, in lawful money of the United States of America, the Principal Sum of $______________, as provided for herein.

This document comes in Word format as well as PDF fill-able and includes the following sections:

  • Payments
    • Terms
    • Delivery
    • Prepayments
  • Failure to Pay
  • Collection Costs
  • Default. The occurrence of any one or more of the following events constitutes an "Event of Default" under this Note:
    • The failure of the Borrower to pay the Principal Amount and the Interest Amount and any other sums owed hereunder when due;
    • The Borrower files bankruptcy, becomes insolvent, or is otherwise unable to pay its debts as they come due;
    • An application for the appointment of a receiver for the Borrower;
    • Borrower fails to comply with any other obligations under the terms of this Note.
  • Remedies
  • Notice
  • Assignment
  • Interest Limitations
  • Successors
  • Severability
  • Governing Law
  • Waiver of Defenses
  • Signature lines for borrower and lender
  • Notary Acknowledgment

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Promissory Note Document
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