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Sample Promissory Note Demand or Installment

Sample Promissory Note Demand or Installment Letter

by emily on March 7, 2012

On [lien date], [Lien holder name] caused a lien to be documented against the property mentioned below:

-[Property Description] –

In consideration of $[amount], receipt of which is acknowledged, [Lien holder name] sets free the above-mentioned property and its possessor, [owner name], from any and all responsibility occurring from [services performed by/supplies provided by] by [Lien holder name]>, and does hereby approves and expresses that the above-mentioned lien be released.
Signed [date]

____________________________________
[Lien holder sign]

State of [state name], County of [County name]:

I, __________________________________, do hereby confirm that on this

______ day of ________, __________, appeared before me personally

____________________________________________________________,
known to be the person(s) who executed the foregoing instrument.

__________________________________________

Notary Public in and for the State of _________________.

My commission expires _______________.

Download Sample Promissory Note Demand or Installment Letter In Word Format 1

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Sample Promissory Note Demand or Installment Letter

by emily on March 7, 2012

PROMISSORY NOTE

For Value Received, [Borrower name], the ‘Borrower’, hereby swears to pay [Lender name], the ‘Lender’ the sum of $[amount] (‘Principal’) with interest accumulated in accordance with the interest and payment schedules herein.

INTEREST
Interest on the due segment of the Principal shall grow at the rate of [interest rate] % per annum from the date of this note.

PAYMENT
The Principal and interest shall be paid to the Lender in legalized money of the United States [payment plan].

Upon non-payment by Borrower on any scheduled payment of principal or interest, the whole Principal amount and all added interest shall, at the choice of the Lender, become payable immediately.
The Borrower may at any time and with no consent or fine, prepay this Note in full or in part, provided that Borrower accepts that such payment will be applied to the installments mentioned above in reverse maturity order.
The Borrower agrees to pay any and all collection costs that include realistic attorney’s fees, in case such action is required to gratify or leave whole or a part of this Note.

For [Borrower name]:

________________________________________ Date: _______________

Name: __________________________________ Title: _______________

Download Sample Promissory Note Demand or Installment Letter In Word Format

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