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A promissory note is used when one party, the issuer, is making a "promise" to pay a certain amount of money to another party, known as the payee.

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This Lease Agreement is legally binding in New Mexico according to your state's specific rules and regulations.

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New Mexico Promissory Note: What Is It?

A New Mexico promissory note is a legal contract between two parties. A New Mexico promissory note documents the repayment terms of a loan given by the creditor to the debtor. It should include the amount of the payments, the due dates, what will happen if payments aren't made, and it should be signed by both parties.

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