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In this video tutorial, Scott from Simple Forms to Ark explains how to clear a promissory note using their platform. Users can select the promissory note under financial forms. The initial access prompts users to input state-specific information, with options for Alabama, Mississippi, Montana, etc. The form is customizable, allowing users to attach a payment schedule or add interest, which can be specified easily. After filling in the required details, users can create their agreement, edit it if necessary, and add it to their account. Additionally, users have the option to include notes within the agreement process.