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In this tutorial, Scott from Simple Forms to Ark demonstrates how to clear a promissory note using their platform. Users can access the form under financial forms, with a dropdown to select their state, and this can be modified anytime. The form allows for flexibility, enabling the inclusion of a payment schedule and interest by selecting 'yes' to relevant prompts. Scott fills in the lender’s information and creates a promissory note, highlighting the editable features for making changes. After finalizing the note, users can add the agreement to their account and include any additional notes as needed.