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Real Estate Note
REAL ESTATE NOTE
$[Amount of the Note] [City where the note is being signed]
[Date when the note is being signed]
FOR VALUE RECEIVED, the undersigned [jointly and severally if more than one] promises to pay to the order of [Name of the Lender] the sum of $[Amount of the Note] Dollars together with interest thereon at the rate of [Interest on the note in letters] percent [Interest on the note in numbers]% per annum in monthly installments of [Amount of the monthly installment in letters] Dollars $[Amount of the monthly installment in numbers]. All unpaid amounts of principal and interest shall be due and payable on [Date unpaid amounts are due]..
This note is secured by a mortgage of the real estate located at [Address of the real estate of the note] and duly recorded with the [City of the real estate of the note] Registry of Deeds. Upon the default in any payment of principal or interest as provided herein, the entire balance then remaining unpaid shall immediately become due and payable at the option of the holder hereof. In the event of default, the undersigned further agrees to pay all reasonable attorney fees and collection cost.
Signed under seal this [Date of the note].
Witness Date