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Installment Note - Interest Included

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Quick Overview

An installment note, referred to as a note payable in accounting, or commonly as just a "note", is a contract where one party (the maker or issuer) makes an unconditional promise in writing to pay a sum of money to the other (the payee), either at a fixed or determinable future time or on demand of the payee, under specific terms.

Installment Note - Interest Included


Sample Text: (Formatting does not match the actually Forms)

Please use the (Sample: Static PDF) for the Free Version

DO NOT DESTROY THIS NOTE: When paid, this note and the Deed of Trust must be surrendered to the with request for reconveyance.
, California,
In installments and at the times hereinafter stated; for value received _____
promise to pay to ________________________________ or order, at the
principal sum of Dollars, with interest from _
on the amounts of principal remaining from time to time unpaid until said principal sum is paid, at the rate of _ per cent, per annum. Principal and interest due in monthly installments of Dollars, in monthly installments
of Dollars, ($ ) or more on the day of each and every month, beginning on the day of , 20 and continuing until said principal sum and the interest thereon has been fully paid.
AT ANY TIME, THE PRIVILEGE IS RESERVED TO PAY MORE THAN THE SUM DUE. Each payment shall be credited first, on the interest then due; and the remainder on the principal sum; and interest shall thereupon cease upon the amount so credited on the said principal sum. Should default be made in the payment of any of said installments when due, then the whole sum of principal and interest shall become immediately due and payable at the option of the holder of this note. Should suit be commenced to collect this note or any portion thereof, such sum as the Court may deem reasonable shall be added hereto as attorney's fees. Principal and interest payable in lawful money of the United State of America. This note is secured by a certain DEED OF TRUST to the
______ , as TRUSTEE.
______ _________
______ _________
______ _________

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