Nebraska Sample Letter for Revised Promissory Note

• Category: Promissory Notes - Revisions
• State: Multi-State
• Control #: US-0427LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. Nebraska Sample Letter for Revised Promissory Note: [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Revised Promissory Note Dear [Recipient's Name], I hope this letter finds you in good health. I am writing to propose a necessary revision to the promissory note we previously agreed upon. As per our discussion on [date of discussion], certain changes need to be made to address new circumstances and align with our mutual understanding. Firstly, I kindly request modifying the interest rate from the initial [original interest rate] to [revised interest rate]. This amendment accounts for the current market conditions and will be in effect starting from [effective date]. Such adjustment will contribute to a more reasonable repayment plan that suits both parties involved in this agreement. Secondly, in light of unforeseen circumstances, I suggest revising the repayment schedule outlined in the original promissory note. The revised repayment schedule will now be as follows: [Specify the new repayment schedule — include due dates, amounts, and any additional terms.] Thirdly, I propose to include a provision that allows for early repayment without any penalties or fees. This revision aims to provide flexibility for me as the borrower, should I become capable of paying off the loan prior to the scheduled maturity date. I believe these proposed revisions will benefit both parties and ensure a smooth and fair agreement going forward. I am committed to fulfilling my financial obligations and appreciate your consideration of these changes. Please review the proposed revisions and confirm your agreement no later than [deadline for response]. Should you have any concerns or require further discussion, please do not hesitate to contact me via the contact information provided above. Thank you for your prompt attention to this matter. I look forward to reaching an agreement that accommodates our respective needs and allows for a successful financial relationship. Sincerely, [Your Name]

Nebraska Sample Letter for Revised Promissory Note: [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Revised Promissory Note Dear [Recipient's Name], I hope this letter finds you in good health. I am writing to propose a necessary revision to the promissory note we previously agreed upon. As per our discussion on [date of discussion], certain changes need to be made to address new circumstances and align with our mutual understanding. Firstly, I kindly request modifying the interest rate from the initial [original interest rate] to [revised interest rate]. This amendment accounts for the current market conditions and will be in effect starting from [effective date]. Such adjustment will contribute to a more reasonable repayment plan that suits both parties involved in this agreement. Secondly, in light of unforeseen circumstances, I suggest revising the repayment schedule outlined in the original promissory note. The revised repayment schedule will now be as follows: [Specify the new repayment schedule — include due dates, amounts, and any additional terms.] Thirdly, I propose to include a provision that allows for early repayment without any penalties or fees. This revision aims to provide flexibility for me as the borrower, should I become capable of paying off the loan prior to the scheduled maturity date. I believe these proposed revisions will benefit both parties and ensure a smooth and fair agreement going forward. I am committed to fulfilling my financial obligations and appreciate your consideration of these changes. Please review the proposed revisions and confirm your agreement no later than [deadline for response]. Should you have any concerns or require further discussion, please do not hesitate to contact me via the contact information provided above. Thank you for your prompt attention to this matter. I look forward to reaching an agreement that accommodates our respective needs and allows for a successful financial relationship. Sincerely, [Your Name]