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Free promissory note. A promissory note is a legal agreement between a borrower and a lender that specifies the terms and conditions of the loan including the amount borrowed the interest rate and repayment terms. Download document in microsoft word file format. Download document in microsoft word file format. If you have a secured promissory note this means the person borrowing money has agreed that the lender has the right to collateral such as property if the borrower defaults.

A promissory note also called a demand note sets the terms for the repayment of a loan. Print or download your contract in minutes. Download this california promissory note form to represent an agreement between two parties regarding a loan of money by one party to the other for a certain period of time. Perfect the security of your loan.

Upon default for ten 10 days the vehicle sold to buyer in connection with this promissory note shall be returned to sellers and sellers is granted all rights of repossession as a secured party. A promissory note is used for straightforward basic loans and to outline payment terms such as due date and interest. Create a free promissory note also known as an iou to document your loan.

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