Secured Promissory Note Templates

The Secured Promissory Note is a form that may be used to provide an agreement between a lender and a borrower with regard to the details of any amount of money that is being loaned and borrowed. The same form would outline the details of an an added asset of value that would be placed into the possession of the lender (until the amount of the note has been satisfied). This asset would serve as a replacement for the funds lost by the lender in the event of a breach of the agreement as it would be stated in writing, within the confines of the note and as agreed upon between the parties.

Forms by State

  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

How to Write

Step 1 – Download the Selected, Secured, Document – Submit the following:

  • The date of the execution of the document in dd/m/yy format
  • The name of the borrower
  • Borrower’s mailing address
  • AND
  • The lender’s name
  • Lender’s mailing address
  • AND
  • Provide the principal amount of the note stating a dollar amount
  • The percentage of the accruing interest (annual)

Step 2 – Payments –

  • Enter the the date in dd/m/yy format and the balance, which would include all accrued late fees and interest that will be due

Installments –

  • Check the box that would apply to the agreement between the lender and borrower
  • Lump Sum – Enter the amount that shall be paid in full to include both the principal and interest
  • Enter the due date for a lump sum payment
  • OR
  • Installments – Enter the amount of Principal and Interest to be paid
  • Select the frequency of the payments to be made as agreed to between the parties
  • Enter the amount of a required late fee in the event any payments are late

Step 3 – Security – Check the box listed, as “Secured” –

  • Unsecure – Simply check the box if this is the selection
  • Secure – Since this document would indicate that the note shall be secured, check the box, then provide a description of the property that will be used as the security to be held until the note is paid in full
  • Review the remainder of the section

Step 4 – Titled Sections and Subsections – Both the lender and borrower shall review the following:

  • Interest Due in the Event of Default
  • Allocation of Payments
  • Prepayment
  • Acceleration (6A – Security)
  • Attorney’s Fees and Costs
  • Waiver of Presentments
  • Non-Waiver
  • Severability
  • Integration
  • Conflicting Terms
  • Notice
  • Co-Signer – Select the applicable box – Enter the Co-signer’s name (if any)
  • Executution
  • Governing Law – Enter the state in which the document shall be executed

Step 5 – Signatures – Signatories must submit all required signatures. The witness must be present for all signatures prior to signing:

  • Lender’s Signature
  • Date of lender’s signature in mm/dd/yyyy format
  • Print lender’s name
  • AND
  • Borrower’s Signature
  • Date of borrower’s signature mm/dd/yyyy
  • Enter the borrower’s printed name
  • AND
  • Submit the Co-Signer’s Signature (if any)
  • Date of Co-signer’s signature (in mm/dd/yyyy format)
  • AND
  • Submit the Witness’ Signature
  • Date of witness’ signature mm/dd/yyyy format
  • Witness’ printed name