Products tagged with 'united states promissory note'

Don't sell a vehicle to a buyer with the price to be paid over time unless you get them to sign this Promissory Note for Vehicle Purchase.

• This form is for vehicle sales in the United States only.
• The Promissory Note includes two interest clauses, one for annual interest at a specified rate and one for no interest. Use the one that best fits your situation.
• If the title is transferred to the buyer, the seller has a lien on the vehicle until the balance is paid in full.
• The buyer can prepay the outstanding balance at any time without paying a penalty.
• The seller can repossess the vehicle if the buyer fails to make the payments on time.
• Available in MS Word format.

Settle a past debt and get a promise for payment with this downloadable USA Promissory Note, Settlement Agreement and Personal Guaranty.

• This legal document is really three documents in one:
  • Under the promissory note section, one party promises to pay the other party a settlement amount by making a series of payments. The date and amount of each payment are set out in a table.
  • Under the terms of the Settlement Agreement, the two parties set out their respective claims for amounts owed by one to the other for invoices, set-offs, etc.
  • Under the Personal Guaranty, a guarantor guarantees payment of the settlement amount. The guaranty is reduced against the guarantor with each payment made under the Settlement Agreement.
• The agreement is governed by the laws of the United States and is intended for use only within the USA.
• Available in MS Word format.

This Monthly Multistate Fixed Rate Note can be used to secure repayment of a mortgage almost anywhere in the United States.

• This is a promissory note. The borrower promises to repay the principal amount of the loan, plus interest at the specified rate.
• Payments will be made monthly and will be applied first to late charges (if any), then to accrued interest, and then to principal.
• The loan will accelerate if the borrower defaults, and the entire amount owing on the loan will become immediately payable, at the option of the lender.
• The Note can be used in conjunction with a mortgage, a deed of trust or a security deed.
• Available in MS Word format.
• Intended to be used onlyl within the United States.

This Promissory Note form is for loans that are backed by a mortgage against the borrower's real property.

• You can use the template in any U.S. state.
• There is no prepayment penalty or premium if the borrower prepays the loan in whole or in part.
• If the borrower defaults under the note or the mortgage, the borrower promises to pay interest at the highest rate allowed by law.
• The borrower will pay any collection costs incurred by the lender, including reasonable legal fees.
• Intended to be used only in the United States.
• Available in MS Word format.

USA lenders, secure repayment of a loan with this Installment Promissory Note and Confession of Judgment form, which allows the borrower to repay the debt in regular installments.

• In the event that the borrower defaults in payment, the borrower authorizes any attorney or official of the court to enter judgment by confession against the borrower.
• The Note contains an acceleration clause, so that if the borrower defaults in a payment under the Note, the entire balance together with interest becomes immediately due and payable.
• This installment note makes it easier for the borrower to repay the debt by breaking it up into equal payments.
• Available in MS Word format. Download the form immediately after purchasing it.
• Intended to be used only within the United States.

Overview of the Promissory Note Form (for Interest Only)

Securing Loan Repayment

This Promissory Note for Interest Only is designed to provide security for the repayment of a loan. The structure of this note enables the borrower to make payments towards the interest only, with the repayment of the principal deferred until a date specified within the document.

Interest Payment Structure

Under this arrangement, the borrower is required to make interest payments in arrears, following a schedule of regular, predetermined dates. This ensures that interest obligations are consistently met throughout the term of the loan.

Principal Repayment Terms

The principal amount of the loan does not need to be repaid until the specified maturity date outlined in the Note. However, should the borrower wish to repay any or all of the principal before that date, they may do so without incurring any penalties or fees.

Template Format and Customization

The USA Promissory Note for Interest Only is provided in Microsoft Word format. This allows the document to be edited as necessary, so that all the particulars of your transaction can be accurately reflected within the Note.