Promisory Mote

Páginas: 7 (1726 palabras) Publicado: 9 de enero de 2013
PROMISSORY NOTE


$ ____________________
______________________________
(City)
(State)



______________________________
(Date)


FOR VALUE RECEIVED the undersigned jointly and
severally
promise(s) to pay to the order of_______________________________
the principal sum of
____________________________________ dollars
($ _______ ) together with interest thereon from date
at the rate
of ______________ (_____%) percent per annum until
maturity, said
principal and interest being payable monthly on the
_________ day
of each and every month in lawful money of the United
States
beginning on the ________ day of __________________,19 _____, in
monthly installments of
_________________________________ dollars
($________ ), and continuing thereafter until
,
or until said principal and interest have been paid in
full, at
______________________________________, or at such
other place as
the holder hereof may designate in writing from time
to time.

Each installment payment shall be creditedfirst to the
interest then due, and the remainder to the principal.

Each maker and endorser severally waives
demand, protest
and notice of maturity, non-payment or protest and all
require-
ments necessary to hold each of them liable as makers
and
endorsers and, should litigation be necessary to
enforce this
note, each maker and endorser waives trial by jury and
consents
tothe personal jurisdiction and venue of a court of
subject
matter jurisdiction located in the State of
____________________
and County of _______________.

Each maker and endorser further agrees,
jointly and
severally, to pay all costs of collection, including a
reasonable
attorney's fee in case the principal of this note or
any payment
on the principal or any interest thereon isnot paid
at the
respective maturity thereof, or in case it becomes
necessary to
protect the security hereof, whether suit be brought
or not.

This note is to be construed and enforced
according to
the laws of the State of ___________; upon default in
the payment
of principal and/or interest when due, the whole sum
of principal
and interest remaining unpaid shall, at theoption of
the holder,
become immediately due and payable and it shall accrue
interest
at the highest rate allowable by law, or, if no
highest rate is
otherwise indicated, at eighteen (18%) percent, from
the date of
default.

Default shall include, but not be limited to
non-payment
of any respective installment within ten (10) days
from the due
date set out herein, or nonpayment onthree different
occasions
of any installments within five (5) days subsequent to
the due
date therefor set out herein.

Unless specifically disallowed by law, should
litigation
arise hereunder, service of process therefor may be
obtained
through certified mail, return receipt requested; the
parties
hereto waiving any and all rights they may have to
object to the
method bywhich service was perfected.




______________________________
______________________________
Witness


______________________________
Witness


Promissory Note
(For Delinquent Renters. Require renter to fill out
this form at your office. This is legally binding must
be paid as agreed or legal action can and should be
taken.)
FOR VALUE RECEIVED,_____________________________________________________________________of
ADDRESS________________________________________CITY___________________STATE_____
ZIP______
Promise (s) to pay to the order
of___________________________________________________________________
The principal sum of
________________________________________and/100
DOLLARS ( $ _______), in legal tender of the United
States, with interest form the date...
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