Fully Amortized Promissory Note Secured by Deed of Trust
(CA)

Summary

This template is a fully amortized promissory note secured by a deed of trust. It is for use in California when the principal amount of the loan is fully amortizes over the loan term in equal installments and the note bears interest at a fixed rate. The periodic payments include principal and interest, and the payment amount is fixed throughout the term of the note. This template includes practical guidance, drafting notes, and alternate and optional clauses. For more information on promissory notes, see Promissory Notes (Acquisition Loan). For more on acquisition loans in California, see Commercial Real Estate Acquisition Loan Resource Kit (CA). For another template of a promissory note for use in California, see Secured Promissory Note (CA). For a full listing of content relating to promissory notes for use in various practice areas, see Promissory Notes Resource Kit (Small to Mid-Sized Law).