Fill and Sign the California Promissory Template Form

PROMISSORY NOTE $___________________ (Amount of Note) _________________________ (City where executed) _________________________ (Date of execution) FOR VALUE RECEIVED, the undersigned ______________________________ (Name of Maker/Debtor) does hereby promise to pay to _______________________________ (Name of Creditor/Payee) , or order, the principal sum of $___________________ (Principal Amount of Note), together with interest thereon from date at the rate of ______ Percent (______ %) per annum on the unpaid balance until paid. The said principal and accrued interest shall be payable at ___________________________________________________________ (Address if Creditor/Payee) , or at such other place as the holder hereof may designate in writing, on _________________________ (date) . Unpaid interest shall compound annually, but no principal or interest payment shall be due until _________________________ (date) , if not sooner paid. The undersigned may prepay the principal amount outstanding in whole or in part without penalty. It is agreed that in the event default is made in the payment of this Note at maturity, whether maturing by expiration of time, by default as herein provided, or as provided in the Deed of Trust given in security hereof, and the same is placed in the hands of an attorney for collection, then an additional amount of Ten Percent (10%) on the principal and interest of this Note shall be added to the same as a collection fee. The makers, signers, drawers, guarantors, sureties and endorsers hereof severally waive presentation for payment, demand, protest, diligence in collecting, notice of dishonor, notice of extension of time, and notice of protest or nonpayment. This Note is to be secured by a Deed of Trust on certain real estate located in _________________________________________ (Name of County and State) , as described in said Deed of Trust. WITNESS MY SIGNATURE, as of the day and date first above named. ___________________________________ Name and Signature of Maker/Debtor