ALASKA INTEREST-ONLY PERIOD FIXED RATE NOTE—Single Family—Fannie Mae UNIFORM INSTRUMENT
Form 3271.02 1/01 (rev. 9/06)
(page 1 of 3)
INTEREST-ONLY PERIOD FIXED RATE NOTE
BORROWER’S PROMISE TO PAY
In return for a loan that I have received, I promise to pay U.S. $____________________ (this amount is called
“Principal”), plus interest, to the order of the Lender. The Lender is ________________________________________________.
I will make all payments under this Note in the form of cash, check or money order.
I understand that the Lender may transfer this Note. The Lender or anyone who takes this Note by transfer and who is
entitled to receive payments under this Note is called the “Note Holder.”
Interest will be charged on unpaid principal until the full amount of Principal has been paid. I will pay interest at a yearly
rate of _______________%.
The interest rate required by this Section 2 is the rate I will pay both before and after any default described in Section
6(B) of this Note.
Time and Place of Payments
I will make a payment every month. This payment will be for interest only for the first _____________ months, and then
will consist of principal and interest.
I will make my monthly payment on the ________ day of each month beginning on ______________________, ______.
I will make these payments every month until I have paid all of the principal and interest and any other charges described below
that I may owe under this Note. Each monthly payment will be applied as of its scheduled due date and if the payment includes
both principal and interest it will be applied to interest before Principal. If, on ______________________________, 20_____, I
still owe amounts under this Note, I will