FREE PROMISSORY NOTE SAMPLE TEMPLATE
Also called a note of hand, a promissory note is a written document containing a promise or binding declaration to pay to someone, or to his or her order, or to the bearer of the note, a certain sum of money at sight, or on demand, or at a time specified therein. Below please find a free promissory note example that you can copy and paste to your word processor. Make the changes and corrections to fit your particular needs. Amount $______________________ Date _____/_____/_____ FOR VALUE RECEIVED, I _____________________ (Maker's Full Name), residing at _______ _______________________________________ (Maker's Full Address) promise to pay to the order of ____________________________________ (Payee’s name or HOLDER) the sum of $__________________ together with interest thereon at the rate of ______% annually. The undersigned promises to make consecutive, monthly payments of $________________ commencing one month from date hereof and thereafter on the same day of each and every subsequent month until the amount is fully paid. This note may be prepaid at any time without notice, in whole or in part, and without incurring any penalty or bonus. All payments shall be applied firstly to payment of interest and the balance, if any, to principal. Payments due under this Note shall be made at the following address or as Payee or assigns may reasonably designate: ____________________________________________________. In the event of default in the payment of this note, and placed with a solicitor for collection, the undersigned agrees to pay costs of collection including all solicitor's and attorney's fees. A late charge of $_____________ Dollars will be collected if payments are not made within _____ days of their due date. Maker gives the following property as collateral security for the payment of this note: _________________________________________________________________ This note shall, at the option of any holder, be immediately due and payable upon the occurrence of the death, dissolution, insolvency or liquidation of the undersigned, or any endorser, guarantor or surety to this note. This note is to be governed by the laws of the State of _______________________ . Maker, intending to be legally bound, has signed this Promissory Note on this ______ day of _________________ , 20 ____. ___________________________________ Subscribed and sworn to before me on this _______ day of ________________ , 20_____. ___________________________________ How to Write a Letter of Hardship Return from Free Promissory Note Sample to Home page. DISCLAIMER: LegalHandle.com provides internet content that is designed only to entertain and inform and is not to be considered professional law/legal advice. Consult a licensed attorney or law firm in your State of residence who will advise and answer all your questions and concerns about any legal issues you may have.  |