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New Hampshire Fixed Rate Note, Installment Payments Secured Commercial Property PROMISSORY NOTE (Fixed Rate, Installment Payments), Date City State Borrower(s) Address 1. BORROWERS PROMISE TO PAY
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A promissory note is a legal document that states a borrower's promise to repay a certain amount of money to a lender at a specified time.
Both the borrower and lender are required to sign and file the promissory note.
The promissory note should include details such as the amount borrowed, interest rate, repayment terms, and signatures of both parties.
The purpose of a promissory note is to legally bind the borrower to repay the loan amount to the lender.
The promissory note should include details such as the loan amount, repayment terms, interest rate, and signatures of both parties.
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