Promissory Note - Secured (Multiple Options)
for
Your State
Allows a Lender to make a loan, with multiple repayment options, secured by property.
When a person or entity ("Lenderƒ) loans money to another person or entity ("Borrowerƒ), the loan is typically formalized with a written promissory note. A promissory note will include, among other things, a repayment schedule, the interest rate, and defaults. The promissory note included in this packet gives the user a choice between three repayment options: on-demand, monthly installment and scheduled installment. You choose the option that is best for your situation.
In addition this packet includes a security agreement. Often, the Lender may want additional assurance that the Borrower will repay the loan. This assurance usually takes the form of collateral, property pledged as security for a debt. To ensure that that collateral is collectible in the case of a default, the parties will enter into a security agreement, an agreement that sets out the rights of the Lender with regard to the collateral. The security agreement included in this packet is designed to work together with the above promissory note.
This form can be used in all states.
This packet contains: (1) Instructions and Checklist for the Secured Promissory Note (the "Noteƒ) and the Security Agreement (the "Agreementƒ); (2) Information about the Note and Agreement; (3) the Note; and (4) the Agreement.
In addition this packet includes a security agreement. Often, the Lender may want additional assurance that the Borrower will repay the loan. This assurance usually takes the form of collateral, property pledged as security for a debt. To ensure that that collateral is collectible in the case of a default, the parties will enter into a security agreement, an agreement that sets out the rights of the Lender with regard to the collateral. The security agreement included in this packet is designed to work together with the above promissory note.
This form can be used in all states.
This packet contains: (1) Instructions and Checklist for the Secured Promissory Note (the "Noteƒ) and the Security Agreement (the "Agreementƒ); (2) Information about the Note and Agreement; (3) the Note; and (4) the Agreement.
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
Number of Pages9
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#20146
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
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