WA Promissory Note (Interest Included - Due Date) 3
LPB No. 26
(INTEREST INCLUDED - DUE DATE)
$ ________________________________ ________________________________
For value received, __________________________________ promise _______ to pay to ________________________________________________________________ or order, at ____________________________________________________________ the sum of __________________________________________________ DOLLARS, with interest from _____________________________________ on unpaid principal at the rate of ______________________________________ percent per annum; principal and interest payable in installments of ________________________________ Dollars, or more on the __________________ day of each _______________ month, beginning on the _______________________ day of ___________________________________ ___________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ and continuing until the ___________________ day of ________________________, ________________ on which day the unpaid balance of principal with unpaid interest due thereon shall be due and payable.
Each payment shall be credited first on interest then due and the remainder on principal; and interest shall thereupon cease upon the principal so credited. Should default be made in payment of any installment when due the whole sum of principal and interest shall become immediately due at the option of the holder of this note. Principal and interest payable in lawful money of the United States. If action be instituted on this note, I promise to pay such sum as the Court may fix at attorney's fees. This note is secured by a ________________________________
_______________________________________________________ of even date.
No guidelines are available for this form at this time.