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_SETUP.1
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2200.BLD
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1997-07-22
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5KB
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167 lines
#2200
@002 State the name of the MAKER (person borrowing) of the note:
~Enter the name of the person who is borrowing the money
@001 State the name of the person lending the money:
~Enter the name of the creditor (the person lending the money
~and to be paid)
@220 State the date of execution of the note:
~Enter the date of signature of this note
!222 State the PRINCIPAL amount borrowed:
~Enter the principal borrowed (usually the same amount received)
~in numerals; do not use the $ symbol- for example, 10,300.00
@221 State the city and state where the payments are due:
~Enter the city, state where the payments will be made, for
~example, Detroit, Michigan
@224 State the street address where the note is due:
~Enter the street address where the payments to are be made
@225 State the city and state where the note is due:
~Enter the city, state where the payments are due, for example,
~East Western Gorge, Florida
@230 State the rate of SIMPLE interest due on note as a number:
~Enter the interest rate as a numeral, for example 10; do not
~enter the "%" symbol
#2201/#2202/#2203 This note is due:
~Select how the payment is to be made, either in installments,
~on a date certain or on demand
In installments
All in one lump sum on a certain day
On demand, or if no demand, within a year
#if#2202
@229 State due date:
~State the due date, you may use either numbers, for example
~7/2/94, or with words, July 2, 1994
#endif
#if#2201
@226/@226/@226/@226 State the number of installments:
~Select the number of installments due; if the number of
~installments you desire is not listed, select KEY IN VALUE
~and enter the number of installments
12
24
36
KEY IN VALUE
@227/@227/@227/@227 State the number of days between installments:
~Select the number of days between payments; if your choice is not
~stated, then select KEY IN VALUE and type in the number of
~installments you want
7
30
90
KEY IN VALUE
!228 State the dollar amount of each installment:
~Enter the amount of each installment in numbers; do not use
~commas or the "$" symbol
#endif
#2204
#2205 Are there guarantors of the note?
~Answer yes if the note will be guaranteed by others; if not
~select no
#end control section
#2200
/* PARAGRAPH 2200: PROMISSORY NOTE: HEADER */
PROMISSORY NOTE
@220 @221
$@222
@002, referred to herein as "MAKER", agrees to pay to the
Order of @001, referred to herein as "HOLDER", or order, the sum
of $@222, (!222 Dollars), at @224, @225, with interest thereon at
rate of @230% per annum, simple interest.
#2201
/* PARAGRAPH 2201: INSTALLMENT PAYMENTS */
Said note shall be in due, unless earlier accelerated, in @226
installments, payable every @227 days, in the amount of $ @228,
(!228 Dollars). All payments received shall be credited first to
interest and then to principal. Should MAKER fail to pay any
installment when due, then HOLDER shall have the option to
accelerate the payment of the full principal sum and accrued
interest payable. HOLDER shall have the right for commercially
reasonable causes, including but not limited to, the institution
of litigation, the filing of tax liens, or any other objective
sign of incapacity of the MAKER to pay the principal or interest
due, to accelerate the payment of the full principal sum and
accrued interest payable.
#2202
/* PARAGRAPH 2202: DATE CERTAIN */
The full amount of principal and interest due herein shall be
payable on @229.
#2203
/* PARAGRAPH 2203: DUE ON DEMAND */
This note shall be due on demand, or if no demand is made, one
year after the date of making the note.
#2204
/* PARAGRAPH 2400: PROMISSORY NOTE, CLOSER */
This note is payable in U.S. Dollars. At any time the maximum
rate of interest applicable to this transaction shall not exceed
the legal maximum rate of interest for a note of this type. Any
sums paid in excess of any lawful limitation shall be applied to
principal.
After default herein, this note will bear interest at the highest
legal rate for this type of note until paid in full. Upon any
default, MAKER agrees to pay a reasonable attorney's fee for any
and all services of an attorney, whether in or out of court, and
for appeal and post-judgment collection legal services.
Dated:
____________________________________________
MAKER
#2205
/* PARAGRAPH 2205: PERSONAL GUARANTEE */
PERSONAL GUARANTEE
The undersigned, in consideration of the extension of credit by
HOLDER to MAKER, unconditionally personally guarantee the full
and prompt payment of principal, interest, and any collection
costs, including attorney's fees to HOLDER. The undersigned
consent to any extensions which may be made from time to time
between MAKER and HOLDER, and consents to the release or
substitution of any collateral.
***************************************************************
READ CAREFULLY: You are executing a legally binding obligation to
pay this debt should the primary maker fail or refuse to do so.
This may mean that you might be called on to pay this debt and
collection costs.
***************************************************************
__________________________________________
GUARANTOR
__________________________________________
GUARANTOR