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In this video tutorial, Scott from Simple Forms to Ark demonstrates how to clear a promissory note using their platform. Users can select the form under financial forms or from a dropdown menu. Upon first use, a prompt appears asking for state specifications, which can be modified later. The form is user-friendly, allowing flexibility to attach a payment schedule or add interest by selecting options within the form. Scott shows how to complete the necessary fields to create the promissory note, including lender details, and how to make edits if needed. Lastly, users can add the agreement to their account and include any additional notes.