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Promissory Note Secured Indd  Carrolllibrary  Form

Promissory Note Secured Indd Carrolllibrary Form

Use a Promissory Note Secured indd Carrolllibrary template to make your document workflow more streamlined.

The principal amount of with interest at the annual rate of percent on any unpaid balance. In the event of any default the Borrower will be responsible for any costs of collection on this note including court costs and attorney fees. This note may be accelerated and demand for immediate full payment made by the Noteholder upon breach of any conditions of the security agreement. This note is not assumable without the written consent of the Noteholder. The Borrower waives demand presentment for...
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Hi I'm Michele welcome back to finally revEvaled in this episode I want to back up a little and talk about a promissory note I talked about when you should get one, and I rEvalized some people might not know what it exactly is a promissory, and it's PR o mi SS o Ry not promissory like some people say, but a promissory note is a document a piece of paper is nothing special it can be typed or handwritten it stems from the old-fashioned IOU and that is what that means I loan you money you owe me you loan me money I owe you and I would write I owe you five dollars and sign my name Michelle and hand it to you, and then you would have that to say hey I'm coming to collect you owe me five bucks give it fork it over well there are rules on when you need to have one for example for the statute of frauds which is covered on another video if you have an obligation or something that you went to in for somebody has borrowed a significant amount it has to be in writing if you want to force them to p


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