Form Overview
The Promissory Note favoring the debtor establishes procedural protections against unreasonable enforcement and collection of the Note. The Note is made by "maker" as debtor thereunder, which can be a separate corporation established for such purposes. The annual interest rate is specified by the parties, with annual installments paid over a ten year period. Maker reserves the right to prepay the Note and the grace period is ninety days from notice of default. The arbitration provision is structured to favor debtor. You can find answers to your questions using our extensive library of
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