Tennessee Promissory Note
This Promissory Note is made under the laws of the state of Tennessee.
Borrower Information:
- Name: _________________________
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- City, State, Zip: ________________
Lender Information:
- Name: _________________________
- Address: _______________________
- City, State, Zip: ________________
Loan Details:
- Principal Amount: $_________________
- Interest Rate: _______ % per annum
- Date of Loan: ______________________
- Due Date: _________________________
This Note evidences a loan made by the Lender to the Borrower on the date stated above. The Borrower promises to pay the total amount of ___________ (the "Loan Amount") to the Lender in accordance with these terms:
- The Borrower will repay the Loan Amount in full on or before the Due Date.
- Interest will accrue on the unpaid principal balance, starting from the Date of Loan.
- Payments shall be made to the Lender at the address listed above or as designated in writing.
If the Borrower fails to make payment by the Due Date, the Lender may demand immediate payment of the full remaining balance of the loan.
This Note is binding upon the Borrower and the Borrower’s successors and assigns. The Borrower may not transfer this Note without the written consent of the Lender.
The Borrower acknowledges having read and understood this Note, which represents the entire agreement between the parties.
In witness whereof, the undersigned Borrower has executed this Promissory Note on the date first above written.
Borrower Signature: ______________________
Date: _______________
Lender Signature: ______________________
Date: _______________