Al Promissory Note

Alabama Installments Fixed Rate Promissory Note Secured by Residential Real Estate
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State:
Alabama
Control #:
AL-NOTESEC
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Description

This is a 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.

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FAQ

Is a promissory note a loan agreement?

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