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New Hampshire a sealed instrument and is made and executed under, and is in all respects governed by, the laws of: _____________________________ (State). _________________________________ (Signature of Borrower) iting. If any provision of this Note is deemed unenforceable, in whole or in part, for any reason, the remaining provisions shall still remain in full force and effect. This note shall take effect as to exercise any right or option hereunder does not constitute a waiver of any future right or option. No modification to this document or indulgence by any holder hereof shall be binding unless in wrer further agrees to remain bound by this note notwithstanding any extension, modification, waiver, or other indulgence, failure, discharge or release of any obligation hereunder. The holder's failures to this note, whether as endorsers, guarantors or sureties, agree to remain fully bound until this note shall be paid in full and waive demand, presentment and protest and all notices hereto. Borrowction, which may occur. All payments hereunder shall be made to such address as may from time to time be designated by any holder and must be made in United States funds. Borrower and all other partieons who may become liable for the payment hereof severally waive demand, presentment, protest, notice of dishonor or nonpayment, notice of protest, and any and all lack of diligence or delays in colleer is less. Upon default in making payment within 7 days of demand, Borrower agrees to pay all reasonable legal fees and costs of collection to the extent permitted by law. Borrower and all other perscome immediately due and payable. Any amount due at the time of default, shall accrue interest until payment at the rate of fifteen percent (15%) per year or the highest rate permitted by law, whichevhe event of any default by the Borrower in the payment of Principal or interest after demand is made, the unpaid balance of the Principal of this promissory note shall, at the option of the holder, bed in full. All or any part of the Principal may be prepaid at any time and from time to time without penalty. Payments shall be applied first to accrued interest and the balance to the Principal. In the first payment beginning on __________________ and continuing every month thereafter with a like amount on the same date each month until the full amount of this note and all accrued interest is pai(Principal), together with interest of _____% (Interest Rate) per year thereon from the date herein. The unpaid Principal and accrued interest shall be paid in monthly installments of $_______, with tr's Address) promises to pay to the order of ________________________________ (Lender), whose address is ______________________________________ (Lender's Address), the principal sum of $_____________ l advice Installment Promissory Note Amount $ Date FOR VALUE RECEIVED, the undersigned, _______________________________ (Borrower), maintaining an address at _______________________________ (Borroweissory Note requires equal monthly payments (which include Principal and Interest) until the Note is paid in full. Please note that this information is not intended as and is not a substitute for lega of the amount borrowed ("Principal") plus interest at once, while others require periodic payments of interest, followed by a lump sum payment of the amount borrowed. This particular Installment Proman be useful in any effort necessary to collect the amount lent. There are different types of Promissory Notes and countless different ways to structure a Note. Some Promissory Notes require a paymentborrowed, the time for repayment, the rate of interest, conditions of default and any other necessary terms. Just like any contract, a Promissory Note can help the Lender enforce repayment terms and cterest. Whenever a person lends money to another person, it is generally a good idea to have some document memorializing the transaction. The document should identify the parties, indicate the amount of Use found at findlegalforms.com Information Installment Promissory Note A Promissory Note creates an obligation for a Borrower to repay a loan back to a Lender together with a certain amount of inThese forms should only be a starting point for you and should not be used without consulting with an attorney first. [__] The purchase and use of these forms, is subject to the Disclaimers and Terms state to state. It may be a good idea to have a lawyer review the completed Promissory Note before the Borrower signs it. [__] These forms are not intended and are not a substitute for legal advice. l" on the front face of the original Promissory Note and should then sign and date it. The original Promissory Note should then be given back to the Borrower. [__] Laws vary from time to time and fromllment Promissory Note. [__] When the Borrower's obligation under the Promissory Note is satisfied (i.e. the Note is paid off), the Lender should write "Cancelled", "Satisfied in Full" or "Paid in Fulinal Promissory Note containing the original signature of the Borrower. There should only be one original Promissory Note with the original signature. [__] The Borrower should keep a copy of the Instastallment Promissory Note. [__] The Borrower must sign and date the Installment Promissory Note [__] Signature does normally not need to be witnessed or notarized. [__] The Lender should keep the origInstructions & Checklist Installment Promissory Note [__]This package contains (1) Instructions & Checklist for Installment Promissory Note; (2) Information for Installment Promissory Note; and (3) In New Hampshire