Promissory Note Secured by Deed of Trust
- For value received, I individually promise to pay to the order of [Lender’s Name] at [Lender’s address] $ [amount borrowed] with interest at the rate of [rate] % per [month/year]: [choose one] from the date this note is signed until the date it is due or is paid in full, whichever date occurs last from the date this note is signed until the date it is paid in full.
- The signer of this note also agree that this note shall be paid in installments, which include principal and interest, of not less than $_______ per month, due on the __________day of each month/year, until such time as the principal and interest are paid in full.
- If any installment payment due under this note is not received by the holder within _________ days of its due date, the entire amount of unpaid principal shall become immediately due and payable at the option of the holder without prior notice to the signer of this note.
- If the holder of this note prevails in a lawsuit to collect on it, the signer agrees to pay the holder’s attorney fees in an amount the court finds to be just and reasonable.
- Signer agrees that until such time as the principal and interest owed under this note are paid in full, the note shall be secured by a deed of trust to real property commonly known as 420 Smith Street Lindenhurst NY 11510, owned by Chris Holman of D53 Real Estate Investors, executed on [date deed of trust signed], at [City and county where signed], and recorded on in the records of [name of county] County, New York State.
| Date signed
Borrower’s Address |
Date signed |
_________________________________________ ____________________________________________
Signature of Borrower Signature of Borrower
A Notary Public or other officer completing this certificate verifies only the identity of the individual who signed the document, to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.
State of New York
County of ________________________
On [date]_________________________ before me, [name of notary]_________________________________________, personally appeared for name of borrower]_________________________________________________________, who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity, and that by his signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of New York that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
__________________________________
Signature of Notary
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