Promissory Note to be Forgiven on Death of Lender

If you are loaning money to a family member or close friend, you can secure the loan with this Promissory Note, under which the balance outstanding on the loan will be forgiven on the death of lender, and the debt wiped out. The indebtedness secured by the Note is to be repaid in monthly payments, and can be prepaid without penalty (i.e. without a premium being charged). If the lender dies before the loan is completely repaid, any balance remaining unpaid at that time is forgiven. This Promissory Note to be Forgiven on Death of Lender form is a downloadable MS Word file which is easy to fill in and use.