PROMISSORY NOTE - Chicago Title Premier Services
PROMISSORY NOTE
For value received , I, the undersigned, promise to pay to the order of ____________________________________ the principal sum of
$ _______________________ on ____________, 2____ (maturity date) with interest at the rate of _________________ percent per year, interest payable _________________________, beginning _____________, 2____, and continuing until maturity date at which time all unpaid sums of principal and interest shall be due and payable.
Should default be made in payment of the principal or interest, the whole sum of principal and interest shall, at the option of the holder of this note, become immediately due.
This Note is subject to Section 2966 of the California Civil Code, which provides that the holder of this Note shall give written notice to the trustor, or his successor in interest, of prescribed information at least 90 and not more than 150 days before any balloon payment is due.
________________________________________
(delete acceleration and balloon notice provisions if not applicable.)
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