Are you looking for a loan agreement form in Michigan? Download our free Michigan Loan Agreement Form which is available as PDF or Word documents.A Michigan promissory note is a written record of a loan that establishes the terms for repayment. The completed document will indicate the involved parties. Failure to complete and serve this form may result in sanctions consistent with MCR 2.313. All the applicable sections must be completed. Description of Property. Seller agrees to sell to Buyer and Buyer agrees to purchase from Seller certain improved real property commonly known as.