FREE SAMPLE PRINTABLE BLANK LEGAL FORMS

free legal forms, legal forms, free printable legal forms, free legal forms online, legal will forms, guardianship legal forms,executive agreement, rental agreement, free rental agreements, free printable lease agreement, lease agreement, irs forms, tax forms,free medical excuse forms, irs tax forms, free printable tax forms, federal tax forms, job application forms, blank resume form free, free sample printable blank legal forms

Bank Loan Agreement

_____________________________, referred to as BORROWER, and _____________________________, referred to as BANK, agree:

That the BANK shall lend sums of money to the BORROWER from time to time, including:
Principal amount: $____(_____________________________&___/100 dollars)
The initial rate for the loan shall be _____%
The interest rate shall be adjusted every _______ from the closing date of the loan
The first adjustment shall take place on _______________
The overall maximum rate for the loan shall be _____%
The rate on the loan shall not be less than ____%
The reference rate used for adjustment shall be ____

The advance made herein shall be evidenced by a promissory note.
The following will be the terms of repayment:

The note shall be due, in full, on ___________________.

BORROWER assigns to BANK any and all deposits with BANK as additional collateral to BANK. Upon default, BANK shall be entitled to set off the deposits in satisfaction of any sum due to BANK by the BORROWER.

The BORROWER shall not use the proceeds of this loan for household, personal or family obligations.

The BORROWER represents that the loan proceeds will be used for business purposes.

The BORROWER shall maintain a life insurance policy in the following amounts related to the following individuals:
Individuals: ________________________
Amounts: The principal and interest balance then outstanding on the loan.

The BORROWER shall not be required to obtain the same through BANK and may assign policies from insurers licensed to offer life insurance in the State of ___________.

The extension of credit made herein shall be secured by a lien on the following property:
_______________________________________________________________

and BORROWER shall execute such financing statements and security interests as BANK may reasonably require from time to time to perfect its security interest.

Dated: ____________________________

_________________________________________________
Borrower
________________________________________________
Bank

Free Sample Printable Blank Legal Forms Disclaimer

The information contained in this web site is provided as a service to the Internet community, and does not constitute legal advice. We try to provide quality information, but we make no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information contained in or linked to this web site and its associated sites and we make no claim that any of the free forms contained in this web site are appropriate for your particular needs.

As legal advice must be tailored to the specific circumstances of each case, and laws are constantly changing, nothing provided herein should be used as a substitute for the advice of competent counsel.

By using content and information from this website you agree to the following:

1) You will not rely on any information contained in this web site without personally consulting an attorney.

2) You agree that the free legal forms contained in this web site may not be appropriate for your particular needs and are offered for informational purposes only.

3) No attorney/client relationship is created between you and menagement staff of www.printable-legal-forms.com website by your viewing or use of any information or form contained in this web site.