Updated April 11, 2022
A Nebraska unsecured promissory note binds a borrower and a lender into a legal promise that states one party will reimburse the other a loaned amount of money plus accumulated interest. If the borrower follows the payment structure outlined in the template and follows all requirements of the note, both parties will benefit from the transaction without issues. However, if the borrower cannot make payments and defaults on the balance, the lender may not be able to retrieve the owed amount as this version does not include a section on security.