Real Estate Secured Promissory Note Form

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Real Estate Secured Promissory Note Form. Create a high quality document online now! A secured promissory note is an obligation to pay that is secured by some type of property.

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A promissory note is a promise by the promissor (the borrower) to pay a specified sum, within a defined period of time, to According to Form Swift and Wikihow, here are some important elements of promissory note. A promissory note is a signed legal document that contains a written promise to pay a defined sum of money to a defined person on a stipulated date or on demand. Create a high quality document online now!

In lieu of a witness, notary signatures can be collected by secure online signature.

This Note is secured by certain assets of the Borrower in accordance with a separate security agreement of even date herewith (the Security Agreement) by and between the Payee and the Borrower.

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Until the principal and interest owed under this promissory note are paid in full the borrower agrees that this note shall be secured by a security agreement in the assets. Important Note: A secured promissory note with a lien or mortgage against real estate is beyond the scope of the free legal forms supplied here. Promissory note is a written promise to pay a debt.