INTELLIGENT QUESTIONNAIRE FOR
UNSECURED PROMISSORY NOTE (LUMP SUM PAYMENT OF PRINCIPAL) - $11.95
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BASIC LOAN TERMS - CALCULATOR
This promissory note assumes simple interest calculated on the basis of 365 days per year.
What Loan Terms Should I Know?
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Single Payment of Principal with:
Installments of Interest
Single Payment of Interest
Installment Amount (interest only):
Interest starts accruing from this date & loan repayment begins 1 payment period after this date
Interest starts accruing from this date
PARTIES AND LOCATION
What If There Are Two Lenders or Borrowers?
How many lenders?
Can the borrower pay either lender or must he pay both together?
Lender's First Name
Lender's Last Name
How many borrowers?
Borrower's First Name
Borrower's Last Name
ADDRESS FOR PAYMENTS
Where will the borrower send payments?
OTHER LOAN TERMS
ACCELERATION UPON DEFAULT
Learn More About Acceleration Upon Default?
If the borrower defaults, will the lender have the right to demand all amounts owed under the Note as immediately due and payable?
EVENTS OF DEFAULT
Learn More About Events Of Default
Which of the following situations will constitute an event of default?
1. Borrower fails to make any payment or pay any obligation when due under this Note.
2. Borrower becomes insolvent.
3. Borrower files a voluntary bankruptcy petition, or an involuntary petition is filed against borrower.
4. Borrower makes a general assignment for the benefit of creditors.
5. Lender or holder discovers that a misrepresentation was made to lender by borrower or on borrower's behalf
and absent such misrepresentation, lender would not have entered into the transaction reflected by this Note.
LENDER'S RIGHTS AND REMEDIES
Learn More About Lender's Rights
Please check box whichever of the following, if any, you want to include in the Note?
A statement to the effect that if the lender does not exercise a right, that right is not lost.
A statement to the effect that the lender may exercise all his rights together.
A statement to the effect that a change to the Note must be in writing and signed by the lender..
Please choose one of the following:
Learn More About Prepayment Rights
Borrower has no right to prepay the loan
Borrower may prepay the loan only in its entirety, and without paying a penalty
Borrower may prepay the loan only in its entirety, but only upon paying a penalty
Borrower may prepay the loan either entirely or in part without paying a penalty
Borrower may prepay the loan either entirely or in part, but only upon paying a penalty
What is the agreed upon prepayment penalty amount?
of unearned interest
Learn More About Late Charges
Will the Note include a late charge provision?
After how many days will a payment be considered late?
What is the late payment fee amount?
of the installment amount due.
Learn More About Attorneys' Fees
Will the Note contain an attorneys' fees provision?
Learn More About Other Waivers
Will the borrower (and all guarantors and indorsers) waive Presentment and Notice of Dishonor?
If you want to
complete the form later
If the form is
go to check out
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