Nebraska Unsecured Promissory Note Template

TheĀ 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.
Nebraska Unsecured Promissory Note - Adobe PDF - Microsoft Word

Nebraska Unsecured Promissory NoteAdobe PDFMicrosoft Word