Promissory note where the property seller finances part of the purchase price directly, with the buyer making installment payments to the seller at agreed interest. Covers principal, interest rate, amortization, default, and acceleration.
The Seller Carry-Back Promissory Note is a ready-to-use finance & investment template you can send for signature in minutes. It is written for 2 signers (buyer and seller) and, by default, expires 30 days after it is sent if left unsigned. It covers two signers, promissory note, seller financing, real estate, loan. 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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# Seller Carry-Back Promissory Note **Note Date:** ___________ **Principal Amount:** ___________ **Property Address:** ___________ FOR VALUE RECEIVED, ___________, whose address is ___________ ("Maker" or "Buyer"), promises to pay to the order of ___________, whose address is ___________ ("Payee" or "Seller"), the principal sum set forth above, together with interest thereon at the rate and on the terms described in this Promissory Note ("Note"). ## 1. Interest Rate Interest shall accrue on the unpaid principal balance at the rate of ___________% per annum, computed on the basis of a ___________. **Rate Type:** ___________ ___________ (adjustable rate margin, if applicable; leave blank if fixed) ## 2. Payments **Payment Schedule:** ___________ **Monthly Payment Amount:** ___________ **First Payment Due:** ___________ **Subsequent Payments Due:** The same day of each ___________ thereafter until the Note is fully paid. **Maturity Date:** ___________. If not sooner paid, the entire outstanding principal balance, together with all accrued and unpaid interest and any other charges, shall be due and payable in full on the Maturity Date. **Balloon Payment:** ___________ **Payments shall be made to:** Name: ___________ Address: ___________ or at such other address as Payee designates in writing.