Promissory Note (Debt Forgiven on Death of Lender) - $2.29
Document Id : 227
File Type : Microsoft Word
If you are loaning money to a family member or close friend, you can secure the loan with this Promissory Note to be Forgiven on Death.
- This promissory note template provides that the balance outstanding on the loan will be forgiven when the lender dies.
- The borrower agrees to make monthly payments against the loan secured by the promissory note.
- The borrower can prepay the full amount at any time without paying a prepayment penalty.
- If the lender dies before the loan is completely repaid, any balance remaining unpaid at that time is forgiven.
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