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LPB 28A-05
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PROMISSORY NOTE
$
Date
___________________________________________
City, State
FOR VALUE RECEIVED,
,
hereinafter “Maker” promises to pay to
,
hereinafter “Holder” or order at
,
or other such place as may be designated by the Holder from time to time, the principal sum of
Dollars ($__________________), with interest thereon from _______ day of _____________________________
on the unpaid principal at the rate of
percent (__________%) per annum as follows:
1. INSTALLMENT PAYMENTS: Maker shall pay, (check one)
a. ( ) NO INSTALLMENTS. No installment payments are required.
b. ( ) PRINCIPAL and INTEREST INSTALLMENTS of
________________________________________________________ Dollars ($ ).
c. ( ) INTEREST ONLY PAYMENTS on the outstanding principal balance.
(The following must be completed if “b” or “c” is checked)
The installment payments shall begin on the _________ day of _____________________________________,
and shall continue on the ____________________ day of each succeeding: (check one)
( ) calendar month ( ) third calendar month ( ) sixth calendar month ( ) twelfth calendar month
( ) Other:_______________________________________________________________________________