The Promissory Note is a ready-to-use finance & investment template you can send for signature in minutes. It is written for 2 signers (lender and borrower) and, by default, expires 30 days after it is sent if left unsigned. It covers two signers. Like every Abundera Sign template it is a convenience draft structured for ESIGN Act and UETA compliance, not a substitute for legal advice. Each signed copy is sealed with PAdES-LTA digital signatures, dual RFC 3161 timestamps, and a tamper-evident evidence package in WORM storage.
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# Promissory Note **Date:** ___________ **Principal Amount:** $___________ FOR VALUE RECEIVED, the undersigned: **Borrower:** ___________ ("Borrower") **Address:** ___________ hereby promises to pay to the order of: **Lender:** ___________ ("Lender") **Address:** ___________ the principal sum of **$___________** (the "Principal"), together with interest thereon, as set forth below. ## 1. Interest Rate This Note shall bear interest at a rate of **___________** percent (%) per annum, calculated on the outstanding principal balance. **USURY SAVINGS CLAUSE:** Notwithstanding any provision of this Note to the contrary, the total of all charges constituting interest under applicable law (including interest, fees, late charges, and any other amounts deemed interest by law) shall not exceed the maximum rate permitted by the laws of the governing state. If the aggregate of all such charges exceeds the maximum permissible rate, the excess shall be applied first to reduce the outstanding principal balance, and any remaining excess shall be refunded to the Borrower. If the stated interest rate exceeds the legal maximum, it shall be automatically reduced to the maximum permissible rate. This provision shall control over any other provision of this Note. ## 2. Payment Terms ___________ **First Payment Due:** ___________ **Maturity Date (Final Payment Due):** ___________ **Monthly Payment Amount (if applicable):** $___________ All payments shall be made in lawful money of the United States at the Lender's address above, or at such other place as the Lender may designate in writing. ## 3. Prepayment