Use of Rocket Lawyer is subject to our Terms of Service and Privacy Policy.A sample Promissory Note is a loan agreement or a debt instrument. The Utah Supreme Court has authorized Rocket Lawyer to provide legal services, including the practice of law, as a nonlawyer-owned company further information regarding this authorization can be found in our Terms of Service. Please note that Rocket Lawyer is not a "lawyer referral service," "accountant referral service," accounting firm, or law firm, does not provide legal or tax advice or representation (except in certain jurisdictions), and is not intended as a substitute for an attorney, accountant, accounting firm, or law firm. Legal information and other services are delivered by or through Rocket Lawyer via. Rocket Lawyer has helped over 20 million businesses, families and individuals make legal documents, get attorney advice, and confidently protect their futures. Rocket Lawyer is an online legal technology company that makes the law simpler and more affordable for businesses, families and individuals.
This note may not be amended without the written approval of the holder. All rights of the Lender under this Note are cumulative and may be exercised concurrently or consecutively at the Lender's option.
No delay in enforcing any right of the Lender under this Note, or assignment by Lender of this Note, or failure to accelerate the debt evidenced hereby by reason of default in the payment of a monthly installment or the acceptance of a past-due installment shall be construed as a waiver of the right of Lender to thereafter insist upon strict compliance with the terms of this Note without notice being given to Borrower. The Borrower waives presentment for payment, protest, and notice of protest and demand of this Note. If any one or more of the provisions of this Note are determined to be unenforceable, in whole or in part, for any reason, the remaining provisions shall remain fully operative.Īll payments of principal and interest on this Note shall be paid in the legal currency of the United States. Any such prepayment shall be applied against the installments of principal due under this note in the inverse order of their maturity and shall be accompanied by payment of accrued interest on the amount prepaid to the date of prepayment.
This Note shall be secured by a to real property commonly known as. THE BORROWER UNDERSTANDS THAT THE PAYMENT OF THE ABOVE INSTALLMENT PAYMENTS MAY NOT FULLY AMORTIZE THE PRINCIPAL BALANCE OF THE NOTE, AND THEREFORE, A BALLOON PAYMENT MAY BE DUE ON THE DUE DATE.Īll payments on this Note shall be applied first in payment of accrued interest and any remainder in payment of principal.This Note is secured by personal property in a. in installments of, beginning on, and ending, (the "Due Date") at which time the remaining unpaid balance of the Note shall be due in full. in installments of, beginning on, and continuing until, (the "Due Date"), at which time the remaining unpaid principal and interest shall be due in full. in installments of interest only beginning on, and continuing until, (the "Due Date"), at which time the remaining unpaid principal and interest shall be due in full.
Templates for invoices for promissory notes full#
Paymentsshown below and accrued interest in full on (the "Due Date").
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