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Single Installment Note
FOR VALUED RECEIVED, the borrower ________ [Name], residing at ________ [Address], who has executed this note below, shall pay to ________ [Name] (the lender or his or her assignee) the principal amount of $------ [Dollars], together with interest calculated at __ percent (---%), per year on the outstanding balance.
The entire amount, principal and interest, shall be due and payable on or before the ________ day of ________ [Month] 20 __, at the following address:
Failure to make payment when due shall be a default of the loan. Should a default exist for more than [---] days, the borrower agrees to pay the holder of this note reasonable costs of collection including attorney fees.
Dated this ________ day of ________, [Month] 20 __.
ACKNOWLEDGEMENT BY NOTARY PUBLIC
State of ________)
On ________, before me, ________, Notary Public, personally appeared ________, who proved to me on the basis of satisfactory evidence to be the person(s) whose names(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 signatures on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify under the PENALTY OF PERJURY under the laws of the State of _________ that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Name of Notary
My Commission Expires