DIY Legal Forms

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Promissory Note Interest

Interest [$------].


FOR VALUE AND CONSIDERATIONS RECEIVED, I, [Name] of [Address], hereinafter referred to as "Borrower", personally guarantee to pay to the order of [Name] of [Address], hereinafter referred to as "Lender", the sum of [$------], per month which includes the principle payment of [$------] and interest payment of [$------] for a period of [--] months.

The interest is set at the rate of [--%] percent per year. The terms of payment shall be as follows: [Enumerate].

Furthermore, all payments shall be due and payable on the [--] day of each month. This note shall be due in full on or before [Date].

Signed this ____ day of ______ 20___.





This Section for Notary:


STATE OF -------)

) ss: [Date]

COUNTY OF ------)

On [Date] before me, [Name of Notary], notary, personally appeared [Name of Person(s) Involved], personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

Witness my hand and official seal.


[Name of Notary Public]

My commission expires: [date]