Straight Note with Due on Sale - ortccom 2026

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This document is a Straight Note that outlines the borrower's promise to repay a specified principal amount with interest, secured by a Deed of Trust. It includes provisions for immediate repayment upon sale or transfer of the property and stipulates that in case of default, the entire amount becomes due. Additionally, it mentions the obligation to pay attorney's fees if legal action is taken.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the principal amount in the designated field, ensuring it reflects the total value of the loan.
Fill in the City and State where the agreement is being executed, providing clarity on jurisdiction.
Input the date of execution to establish when this note becomes effective.
Identify the payor/trustor and payee/beneficiary by entering their names in the respective fields, ensuring accurate representation of all parties involved.
Specify the interest rate as a percentage per annum, which will dictate how much interest accrues on the principal amount.
Complete any additional sections regarding payment terms and conditions as outlined in your document, ensuring all obligations are clearly stated.

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