Do not destroy this
When paid, this note and the
Deed of Trust
must be surrendered to
reconveyance will be made.
Geographic Place of the deal: ______________________________
On or before, MM/DD/YEAR, for value received, I promise to pay to
with interest from MM/DD/YEAR,
until paid at the rate
of ____ per cent per annum, payable monthly, beginning on MM/DD/YEAR,
and continuing monthly
MM/DD/YEAR, when all
interest accrued is due and payable.
"This note is
Section 2966 of the Civil Code, which provided that the holder of
this note shall give written notice to the
his successor in
interest, or prescribed information at least 90 and not more than 150
days before any balloon payment is due"
1. A late charge of ____ % of the monthly payment shall be due on each
installment not received within 15 days of the due date
2. This Note may be prepaid in whole or in part at any time without
penalty. Interest shall cease to accrue on any principal paid as of date
3. This Note which is secured by a
Deed of Trust
is given as part of the purchase price of real property
4. The Deed of Trust securing a Note will be second and subsequent in
lien to the first Deed of Trust of record in favor of American Mortgage
5. Principal and interest payable in lawful money of the United States
of America. Should default be made in payment of interest when due the
whole sum of
principal and interest shall become immediately due at the option of the
holder of this note and after said breach, said obligation shall
continue to accrue
interest at the rate of ____ per annum. If action be instituted on this
note I promise to pay such sum as the Court may fix as Attorney' fees.
This note is
secured\is not secured by a Deed of Trust of even date herewith.