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Exercise Extreme Caution when using many of our free forms - or any legal material. While they may provide general ideas on format & content, validity requirements can and do vary greatly from state to state. Many MUST be Properly Modified for your own location and circumstances. (Hint: If in doubt it's usually safer to include unneeded clauses than to leave out necessary ones. . . . but it's even safer to consult a competent source or use current, state specific ones like ours mentioned below.) Also, we urge people (and lawyers too) to read our Relying On Legal Info FAQ.

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PROMISSARY NOTE - INTEREST

$ 00,000.00 [CITY/COUNTY] [STATE]
[DATE]

For VALUE RECEIVED, the undersigned [jointly and severally,if more than one] promises to pay to [NAME] the principal sum of [AMOUNT] DOLLARS, [$00,000.00] with interest from date at the rate of [RATE] percent per annum on the balance from time to time remaining unpaid. The said principal and interest shall be payable in lawful money of the United States of America at [CITY/COUNTY] [STATE] or at such place as may hereafter be designated by written notice from the holder to the maker hereof, on the date and in the manner following: UPON DEMAND AFTER [DATE].

Maker's Address _____________________________(SEAL)

_____________________________(SEAL)
____________________
_____________________________(SEAL)

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