Nebraska Unsecured Promissory Note Template
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The Nebraska Unsecured Promissory Note Template is a contractual document, that establishes an agreement between a lender and borrower (regarding a loan). The note provides the terms of the loan, such as the principal sum, borrower’s repayment method, payment schedule, interest rate, etc. Unsecured notes are typically only issued to “low-risk” borrowers (due to the fact that the borrower is not required to pledge any collateral).

• Note: Once the document has been filled out, it must be signed by all involved parties (lender, borrower, and witnesses).

How to Write

Step 1 – Download the form (links near the top of the page).

Step 2 – Enter the following details into the corresponding input fields within the opening paragraph:

• The start date of the agreement
• Name of borrower
• Address of borrower
• Name of lender
• Address of lender
• AND
• Submit the principal sum and agreed upon interest rate (annual)

Step 3 – Payments – Select the agreed upon payment method by checking the appropriate box:

• No Installments
• Installments – must provide the payment amount
• Interest Only

Note: If the selected payment method is “Installments” OR “Interest Only,” the monthly/weekly payment schedule must be entered.

Step 4 – Due Date:

• Enter the date in which the principal sum of the loan must be paid in full.

Step 5 – Interest Due in Event of Default:

• Review the subsection.
• Provide the interest percentage (annual) that will be applied in the event of default.

Step 6 – Late Fees:

• Enter the number of days in which the borrower will have to make a payment (after missing the agreed upon due date).
• Submit the late fee amount that would be due should the borrower fail to make a payment.

Step 7 – Acceleration:

• Fill in the amount of time the borrower will have to cure a default.

Step 8 – Signatures:

• Write the date of signing.
• Provide the names of the borrower, lender, and witnesses.
• AND
• The borrower must sign the document.
• Lender must sign the form.
• Witnesses MUST sign the document.