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A simple promissory note might be for a lump sum repayment on a certain date. For example, you lend your friend $1,000 and he agrees to repay you by December 1. The full amount is due on that date, and there is no payment schedule involved.

At its most basic, a promissory note should include the following things: Date. Name of the lender and borrower. Loan amount. Whether the loan is secured or unsecured. If it's secured with collateral: What is the collateral? ... Payment amount and frequency. Payment due date. Whether the loan has a cosigner, and if so, who.

A promissory note or ?promise of payment? is a note that details the money borrowed from a lender and the repayment structure. The document holds the borrower responsible for repaying the money (plus interest, if any). There are 2 types of promissory notes, guaranteed and unsecured.

I promise to pay said amount on or before ______________________. Furthermore, I am fully aware that subsequent Promissory Notes shall not be accepted without settling my current due amount. I hereby affix my signature to this agreement. Done this _____ Day of _________ 20____.

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To make a form, you should do the following: Gather personal information like date of birth, phone number and mailing address. Describe the application process and any membership requirements. Provide information about membership levels. Tell them all about membership benefits.