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Single Installment Note
SINGLE INSTALLMENT NOTE
In consideration of value received, I, the undersigned borrower, agree to pay to [Name of Lender] the amount of [Amount to be paid], on which such amount interest shall accrue at the rate of [Interest rate of the Note] percent per annum.
The entire amount, principal and interest, shall be due and payable on or before [Date the total amount is due].
Failure to make a payment when due shall be considered a default on this note. Should such a default exist for more than a grace period of [Number of Days of the grace period] days, Borrower agrees to pay Lender all reasonable costs and expenses incurred during collection proceedings, including, but not limited to, attorney fees.
Borrower Date