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)
$__________________ ________________________,
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
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