LENGEA NEW YORK PROMISSORY NOTE TEMPLATE

FOR VALUE RECEIVED, __________ (“Borrower”) promises to pay to ________________(“Lender”)____________ ($________) in principal, plus interest at a rate of _______% annually on the unpaid balance as set forth herein.

1. PAYMENT TERMS (Choose one):

☐ – Borrower shall make _____ payments in the amount of ____________________________ Dollars ($______________) per (month/year) on _________________________, 20_____.

☐ – Borrower shall make _____ payments in the amount of ____________________________ Dollars ($______________) per (month/year) and a final payment in the amount of ____________________________ Dollars ($______________) on _________________________, 20_____.

☐ – Borrower shall pay a lump sum on _________________, 20_____.

2. TERM: The term of this loan is from _______________________ to ________________.

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