Installment Payment Promissory Note

Date:

Borrower Name:

Borrower Address:

Lender Name:

Lender Address:

1. Principal Amount & Interest

Principal Amount ($):

Interest Rate (% per annum):

2. Payment Terms

Number of Payments:

Installment Amount ($):

First Payment Due Date:

Payment Frequency (e.g., monthly):

3. Late Payment

Late Charge ($ or %):

4. Prepayment

5. Default

6. Governing Law

State:

7. Additional Terms

Borrower Signature

Date:

Lender Signature

Date: