This is a form of Promissory Note for use where residential property is security for the loan. A promissory note is a written promise to pay a debt. An unconditional promise to pay on demand or at a fixed or determined future time a particular sum of money to or to the order of a specified person or to the bearer. A separate deed of trust or mortgage is also required.
Utah Promissory Note Form
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Signatures. Generally, promissory notes do not need to be notarized. Typically, legally enforceable promissory notes must be signed by individuals and contain unconditional promises to pay specific amounts of money. Generally, they also state due dates for payment and an agreed-upon interest rate.
Detailed Information The note has all the required information including the name of the drawer and payee, date of maturity, terms of repayment, issue date, name of the drawee, name, and signature of the drawer, principal amount, and the rate of interest, etc.
Although it's a legal document, writing a promissory note doesn't have to be difficult. There are even websites online that offer fill-in-the-blank templates, like or .
If you're signing a promissory note, make sure it includes these details:Date. The promissory note should include the date it was created at the top of the page.Amount.Loan terms.Interest rate.Collateral.Lender and borrower information.Signatures.
There is no legal requirement to have a Utah promissory note notarized. To execute the note, the borrower and any co-signer to the loan must sign and date the agreement.
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Form was filled out and downloaded 1,001 times already. BORROWER'S PRE-PAYMENT RIGHT.Borrower reserves the right to prepay this Note in whole or in part, prior to maturity, without penalty. Yes, you can save your deed form at any point with your information in it. The forms can also be emailed, blank or complete, as attachments. In this section, you'll find a free Utah promissory note template. Utah Unsecured Promissory Note. UVU Financial aid forms. First-time borrowers at Utah Tech University must complete "Entrance Loan Counseling" as well as a Master Promissory Note (MPN).