1. What is the amount of the note? (Enter an amount that represents the principal only.) You needn't enter a "$" since the program will automatically provide one.
2. What City or Town and State or Territory will the note be signed in? ("City, State"; "Town, State", etc.)
3. What is the date of the note?
4. Who is to receive the payment? (You may list more than one name, if applicable.)
5. What is the address of the person(s) who are to receive payment? (Please list the street address, city and State.)
6. Will interest be charged?
7. What is the amount of the interest? You needn't enter a "%" since the program will automatically provide one.
8. When will the interest begin to accrue?
9. Will the note be payable only on demand?
10. Will the note be paid in installments?
11. When will the note be due in full?
12. What is the amount of each installment? You needn't enter a "$" since the program will automatically provide one.
13. What is the due date of the first installment? (Please list the day of the month only; for example, "1st" or "2nd", etc.)
14. What month will the first installment be due? (Please spell out the name of the month; for example, "March".)
15. Will there be a balloon payment?
16. What is the duration of the note? (Enter the period of time that note will be in effect; for example, "6 months", "5 years", etc.)
17. What is the date of the balloon payment?
18. Do you wish the note to include a late charge?
19. What will be the amount of the late charge? You needn't enter a "$" since the program will automatically provide one.
20. When will the late charge be assessed? (A typical response might be, "when the payment is _______ days late.")
21. Do you wish the note to include an acceleration clause making the whole amount of the note due, at the option of the person who is being paid, if a payment isn't made on time?
22. Do you wish the note to allow early prepayment of the principal?
23. Do you wish the note to contain a provision allowing for attorneys' fees and court costs if those expenses are incurred in trying to enforce the terms of the note?
24. Do you wish the note to contain a clause allowing for a discount of the entire amount if it is paid in full by a certain date?
25. What is the date that the amount due is to be paid by, in order to allow the discount?
26. What is the amount of the discount? (Please enter the discount amount as a percentage; but do not put the "%" mark since the program will supply it automatically.)
27. Is the note to become immediately due in full upon the filing of bankruptcy by the maker of the note, or if the maker misrepresents to the person owed his or her financial condition?
28. Is the note secured?
29. What is the note secured by? (If the note is secured by a piece of personal property, then specify the paper title to the property; for example, "pink slip", "security agreement", etc.)
30. What is the date of execution of the [29]?
31. What is the specific property that the [29] covers?
32. Do you wish to include an assignment clause?
33. Will two people be signing this note?
34. All of the questions have been asked. The program will now compile your document and enable you to print it.
