DO NOT DESTROY THIS NOTE:  When  paid, said original note, together with the Deed of Trust

             securing same,  must be  surrendered to Trustee  for cancellation  before reconveyance will be made.

NOTE SECURED BY DEED OF TRUST

(INSTALLMENT-INTEREST INCLUDED)

 

 

     $__________________                               ________________________, California,  _________________________________

     In installments as herein stated, for value received, I promise to pay to ____________________________________________

     _____________________________________________________________________________________________, or order,

     at ___________________________________________________________________________________________________

     the sum of __________________________________________________________________________________DOLLARS,

     with interest from _________________________________________________________________ on unpaid principal at the

      rate of ________________________________________ per cent per annum; principal and interest payable in installments of

      ___________________________________________________________________________________________DOLLARS,

     or more on the ______________________________ day of each __________________________________ month, beginning

     on the _________________________________day of _________________________________________________________

     _____________________________________________________________________________________________________

     _____________________________________________________________________________________________________

     ___________________________________________________and continuing until _________________________________

     ____________________________________________________________________________________________________.

 

     Each payment  shall be credited first  on interest  then due  and the remainder on principal; and interest  shall thereupon cease

     upon the  principal so credited.  Should interest  not be  so paid it shall  thereafter bear like  interest as  the principal, but such

     unpaid interest so compounded shall not exceed and amount  equal to simple interest on the unpaid principal at the maximum

     rate  permitted  by law.   Should default  be made in  payment  of any installment of principal  or interest when due the whole

     sum of principal  and interest  shall become  immediately  due at the  option of the holder  of this note.   Principal and interest

     payable in lawful money of the United States.   If action  be  instituted on  this note I  promise  to pay such  sum as the  Court

     may  fix  as  attorney’s fees.   This  note is secured by a deed  of trust  to  STEWART TITLE OF CALIFORNIA, INC.,  as

     Trustee.

 

 

 

     _________________________________________________     __________________________________________

 

 

     _________________________________________________     __________________________________________

 

    

 

DO NOT DESTROY THIS NOTE

 

DOCUMENT PROVIDED BY STEWART TITLE OF CALIFORNIA, INC.                                                                                                                                                                                           NOTEIImod.DOC