» » » California Secured Promissory Note Template

California Secured Promissory Note Template

Create a high quality document online now!

The California secured promissory note is a document that is used for situations involving money loaned between two parties. The major benefit of the note is that it adds a considerable amount of security for the lender in the transaction. This is because the lender is guaranteed to a home, land, vehicle(s), or other personal property owned by the borrower in the case of a default.

How to Write

Step 1 – At the top of the page, enter the current date, the lender’s full name and address, the borrower’s full name and address, the full amount of the loan, and the interest associated with the money being loaned.

Step 2 – In the first section, select the way you want the borrower to pay back the balance. The options range from No Installments, which require the borrower to pay the entire balance in one payment, to Installments, which are multiple payments at previously scheduled periods, to Interest Only Payments, which require the borrower to only pay the interest on the balance until it is paid off in full.

Step 3 – On the lower portion of section 1, enter how the borrower will pay back the balance. This is only required if you chose an option incorporating installments.

Step 4 – For sections two (2) and three (3), enter the final due date of the entire balance then enter the interest percentage in the case of a default on the loan.

Step 5 – Heading down to section six (6), input the amount of time without the borrower can delay payment until a late fee is issued.

Step 6 – For the eighth section (8), Enter the time span until acceleration occurs.

Step 7 – At the bottom of the document, enter the current date followed by the signed and printed names of the lender, the borrower, and the witness to the agreement. Once the document is signed, it will go into effect and the borrower will be responsible for making payments.

Related pages

promissory note vs loan agreementhawaii association of realtorseviction notice in virginiamember managed llc operating agreement templaterent bill format in wordapartment lease termination letter sampledurable power of attorney formssample notice to vacatequit claim deed form washington statetermination of lease agreement californiaresidential lease agreement new jerseyohio durable power of attorney for health careeviction notice paquit claim deed in texassample tenant leasetenant lease agreement templaterenting a chair in a hair salon contractdirect deposit slip tdalabama power of attorneyvtr 271sample letter of notice to vacatenj evictionlandlord lease termination letter samplemvd in nmwisconsin realtors associationexport commercial invoice templatepower of attorney guardianship of minormv13stillinois durable power of attorney formblank invoice forms download freefiling an llc in georgiadurable power of attorney for health care texassample of promissory letterletter of recommendation for eagle scoutapartment lease termination lettervtr 272letter of tenancy terminationtemporary guardianship form californiarealtor lease agreementnotice to vacate texas samplecalifornia residential sublease agreementnotice of eviction illinoisadp employee direct deposit enrollment form30 days notice to vacate lettersample iou lettersimple sublease agreementeviction notice california pdfvirginia medical directivewarranty form templatemobile home sales contract templatewhat is the td bank routing numberpower of attorney form louisianafree durable power of attorney form texas to printmassachusetts lease agreementmedical power of attorney north carolinasample unsecured promissory notegeorgia advanced directivevehicle bill of sale word templatemissouri boat licensenfcu direct deposit datesfree printable hold harmless agreementsuntrust deposit checkrushcard direct deposit formllc operating agreement oregoneforms rseviction notice template pamassachusetts boat registrationletter of notice to vacateeviction process in indianaadvance medical directive virginiaud-100 formquit claim deed waloan agreement template word documentthree day notice to pay or quit californiasample of quit claimsublet lease template