Sample Promissory Note For A Personal Loan

The undersigned agrees to pay to Robert and Janet Calhoun the principal sum of Five
thousand, six hundred and seventy five dollars and no cents. ($ 5,675.00) This note also
includes interest of six percent (6%).

The principal amount, including interest, is payable in payments as follows: two hundred
and seventy five dollars and no cents ($275.00) on the 1st day of August 2018 and one
hundred and seventy five dollars and no cents($175.00) due the 15th of August 2018 and
every month thereafter until this loan is paid in full.

All installments are due on the 1st and 15th day of each and every month thereafter until
this Note is fully paid. The only exception is the final payment, if not paid at an earlier date,
which will be due on 21st day of July 2019 in the amount of thirty nine dollars $39.00). All
payments made will be first applied to interest and then principal balance.

Payments are to be by mailing to 7689 Stone Ridge Blvd. Reynoldsburg, Ohio 43068. The
lenders reserve the right to change the address in writing if necessary. It may become
necessary for the lenders to secure the amount of said note.

The undersigned agrees that this note may be revocable due to non-payment of any
collection costs, such as court, and other collection activities will be added to the balance.
Should the lender exercise this option, the entire unpaid balance of the loan and interest
becomes due and payable immediately. Reasonable collection activities may include
attorney fees and obtaining a judgment.

By signing this document, both parties agree to the terms and guidelines laid forth.

___________________________
Borrower

___________________________
Borrower

____________________________
Lender

____________________________
Lender
 ACKNOWLEDGEMENT OF DEBT

KNOW ALL MEN BY THESE PRESENTS:

I, ______________________________, Filipino, of legal age, single / married to

___________________________with postal address at
___________________________________________________________ witnesseth:

That I am indebted in the sum of________ (amount in words) __________ PESOS (P:
000,000.000), Philippine Currency, to _________________________________________ also a
Filipino, of legal age, single / married to _______________________________________ with postal
address at ______________________________________________________.

That I shall pay the sum of _________________________________ PESOS (P 000,000.00) unto the
said ____________________________ within a period of (state the repayment period -
days/months/years) from the execution hereof, with interest at the rate of (state the interest
rate in words) (0.0 %) percent per year.

IN WITNESS WHEREOF I have affixed my signature hereto this _____ day of ____________, 20__
at ___________________________. at___________________________, Philippines.

_____________________________
(Printed Name Over Signature)

WITNESSES:

________________________ _______________________

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES)

_____________________________ ) SS.

BEFORE ME, a Notary Public, this ____________day of ________________, personally appeared

the following:

Name CTC Number Date/Place Issued

(Name of Debtor) 10000000 January 15, 20__ / Manila

(Name of Creditor) 10000000 February 24, 20__ / Pasig

IN WITNESS WHEREOF, I have hereunto set my hand the day, year and place above written.

Notary Public
Doc. No. .......;
Page No. .......;
Book No. .......;
Series of 20__.
 PROMISSORY NOTE
Principal amount: $
_________ Date: __________,
20__

FOR VALUE RECEIVED, I, (Borrower)

promise to repay (Lenders) the sum
of thousand dollars ($ ), plus interest at the
yearly rate of %.

Repayment shall be made in monthly payments over a month

period, consisting of $ per installment on the 1st day of
the month, commencing on , 20___, with the final
payment due on __ , 20___, or until the principal is paid
in full.

If the Borrower fails to make an installment payment when due or

fails to comply with any other term of this promissory note, the loan
will be considered in default and the Borrower will contact the
Lender promptly to make arrangements to bring the loan back into
compliance with the terms above. Every effort will be made by the
Borrower to make payments on time, and comply with the terms of
this note.

(Include if there is collateral) A to be

owned by , is hereby pledged as security for
the note payable, and title to it will transfer to the Lenders in the
event of default of payment of the loan. Any proceeds from the sale
of the Collateral shall accrue to the Lenders until the note is paid off
in full.

This note may be repaid by the Borrower at any time in whole or in

part without premium or penalty. If prepayments are high enough,
the loan may be re-amortized. The Borrower must promptly inform
the Lender of any change in name or address.

Should the contact information change for either the Lender or

Borrower they will notify the other promptly, as well as informing
Slow Money NC by email at info@slowmoneync.org.

Borrower’s Signature: ___________________________

Borrower’s Printed Name: __________________________

Borrower’s
Address: ______________________________________________
_

Phone(s): _______________________ Email:_________

____________
Lender’s Signature: __________________________________

Lender’s Printed Name: _______________________________

Permanent Address:
_______________________________________________

Phone(s): Email:__
___________________

Witness
Signature: _____________________________________________
___

Witness Printed Name:

_____________________________________________