NEEDED! promissory note example

Original is in pdf form, pm me your email and I can send it to you. Hope it helps.

PROMISSORY NOTE
_____________________________, a _______________________________________________
(the “Lender”) located at ________________________________________________ and between
_____________________________ (The “Borrower”) agree that Borrower will borrow US ___________
(this amount is called “Principal”) (the “Loan”) from Lender. Borrower agrees to pay the principal, plus
interest, to the lender according to the terms and conditions contained in this Promissory Note (the
“Note”). The Borrower is executing this Note in conjunction with a mortgage (the “Mortgage) in favor of
Lender.
As used in the Note, the words “I, me, mine and my” mean Borrower and the words “you, your,
and yours” mean the Lender and anyone to whom the Lender transfers the Note.
1. Interest Rate. I will be charged interest at the rate of twelve and a half percent (_____) of
total funds Borrowed from Lender.
2. Points. I will pay ___ points upon signing Mortgage Note.
3. Non-Recurring Payments. No installment payments scheduled for this note. Total interest
of (_____) of total “Loan” amount shall be due upon “Maturity Date.”
4. Maturity Date. The outstanding amount of the Loan, including principal and unpaid
interest, must be paid in full to you on or before ______________ (the “Maturity Date”).
5. Late Payment charge. This is a balloon Note due by maturity date mentioned above. If I
make my payment by check and the check is returned because I do not have sufficient funds
in my bank account, then I agree that I will pay to you any fees you incur as a result of the
return of the check in addition to any late charge or penalty.
6. Due on Sale Clause. It is a default under this note if I sell, lease or further encumber either
all or part of the real property that secures the Mortgage or any interest in the entity that owns
the real property that secures the Mortgage.
7. Governing Law. In the event of any litigation or other dispute relating to this Note or the
Mortgage or other Loan documents, ___________ law shall apply to the enforcement of this
Note and the Mortgage or other Loan documents.
8. Documentary Stamp Taxes. __________ recording taxes were paid on the Mortgage.
9. Prepayment. If I pay off the Loan early, I will not have to pay a penalty. Even though I
don’t have to pay more than the fixed installments, I have the right to pay the whole
outstanding amount of this Note at any time. If I pay any part of the Loan early, I understand
that I will have to pay interest amount due in full as agreed in section (1).
I have executed this instrument as of the date on the first page of this Mortgage in front of the
following witnesses.
WITNESSES: BORROWER(S):
_________________________________ _____________________________________
_________________________________ _____________________________________
Print Name Print Name
WITNESSES: BORROWER(S):
_________________________________ _____________________________________
_________________________________ _____________________________________
Print Name Print Name
STATE OF _____________________
COUNTY OF _______________________
The foregoing instrument was acknowledged before me this ___ day of ____________, 2010, by
_____________________ is / are ( ) personally known to me ( ) have produced ___________________________ as
identification.
(NOTARY SEAL) NOTARY: _______________________________
Print Name:_____________________________
My commission expires: ___________________

I can email to you if you send me your email in a PM. You will have to spell out your email address like this for it to come through though:

MrE at zippideedoodah dotcom

I love how helpful everyone is on DG..even on the small items!!!
Thanks!