The Party who shall receive and repay the loaned amount according to the conditions of this agreement must be identified as the Borrower. Therefore record the calendar date when this document first becomes effective using the first two lines in the First Section. The date when this IOU becomes active will require definition. Print Name: _ Videoĭownload: Adobe PDF, MS Word, OpenDocument I. Lender Signature: _ Date: _īorrower Signature: _ Date: _ ☐ – Quarterly with any remaining balance payable on (“Due Date”). ☐ – Monthly with any remaining balance payable on (“Due Date”). ☐ – Weekly with any remaining balance payable on (“Due Date”). Borrower shall pay principal and interest installment amounts equal to $ with the first (1 st) payment due on and the remaining payments to be paid: (check one) The Borrower shall repay the Borrowed Money as a lump sum, in full, in the amount of $ (principal and interest) by (“Due Date”). PAYMENTS. The full balance of the Borrowed Money, including all accrued interest and any other fees or penalties, is due and payable in: (check one) Hereinafter known as the “Borrowed Money.” Principal Amount: $ Borrower to Receive the Borrowed Money on: Interest Rate: % compounded per: (check one) The Lender agrees to lend the Borrower under the following terms: Lender: with a mailing address of (“Lender”). This I Owe You made on, is by and between:īorrower: with a mailing address of (“Borrower”), and
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