DO NOT DESTROY THIS ORIGINAL NOTE: When paid, this Note and the Deed of Trust
must be surrendered to Trustee with a request for reconveyance.
NOTE SECURED BY DEED OF TRUST
(I
E
)
NTEREST
XTRA
$_______________________
______________________, California _____________________, ________
In installments and at the times hereinafter stated, for value received, I/We promise to pay to
___________________________________________________________________________________ or order
at __________________________________________________________________________ the principal sum
of ______________________________________________________________________________ DOLLARS,
with interest from _____________________, ________ on the amounts of principal remaining from time to time
unpaid, until said principal sum is paid, at the rate of ______________ per cent per annum, payable
______________________________________________________. Said principal sum is due in ___________
installments of _____________________________________________________________________ DOLLARS
($__________________) or more on the ______________ day of each and every month beginning on
____________________, ________.
and continuing until said principal sum has been fully paid. AT ANY TIME, THE PRIVILEGE IS RESERVED TO
PAY MORE THAN THE SUM DUE.
Should interest not be so paid, it shall be added to the principal and thereafter bear like interest as the principal,
but such unpaid interest so compounded shall not exceed an amount equal to simple interest on the unpaid
principal at the maximum rater permitted by law. If default is made in the payment of any installment of principal
or interest when due, then the whole sum of principal and interest shall become immediately due and payable at
the option of the holder of this note. Principal and interest are payable in lawful money of the United States. If an
action is instituted on this note I/We promise to pay such sum as the Court may fix as attorney’s fees. This note is
secured by a DEED of TRUST to _____________________________________________________, as Trustee.
_________________________________________
_________________________________________
_________________________________________
_________________________________________
INTEREST ACCRUAL DATE IS HEREBY ADJUSTED TO ACCRUE FROM _______________________, _________
_____________________________________________________________________________________________
Escrow Holder