Promissory Note - Installment - Florida

FLORIDA INSTALLMENT PROMISSORY NOTE — PREPARATION WORKSHEET

NOT A PROMISSORY NOTE

Use this worksheet to classify the transaction, validate the economics, and
give Florida counsel drafting instructions. Do not sign, fund, endorse, assign,
or enforce this worksheet as a debt instrument.

1. Parties and transaction classification

Select every possible overlay for counsel review:

☐ Consumer-purpose credit

☐ Business-purpose credit

☐ Seller financing

☐ Loan secured by real property or a dwelling

☐ Construction, development, or home-improvement financing

☐ Motor-vehicle, vessel, equipment, inventory, receivables, or other personal-property financing

☐ Agricultural, insurance-premium, litigation, tax, education, or another specialized loan

☐ Licensed, regulated, bank, credit-union, private, marketplace, or out-of-state lender

☐ Cross-border borrower, lender, collateral, payment, or guaranty

2. Current-authority and document-architecture gate

☐ Current statutes, regulations, official guidance, rules, and controlling cases checked

☐ Pending and recently effective amendments checked

☐ Every rate, fee, waiver, disclosure, default, and remedy has a transaction-specific basis

3. Instrument objective

Choose the intended document structure only after completing Section 2.

☐ A narrow payment instrument intended to satisfy the reviewed negotiability requirements

☐ A nonnegotiable promissory note

☐ A note plus a separate loan or credit agreement

☐ A note plus a separate security agreement, mortgage, guaranty, or other instrument

☐ A single integrated loan agreement without a separate note

☐ Another structure: [________________________________]

Reason for structure: [________________________________]

Terms that must remain outside a narrow payment instrument: [________________________________]

Do not describe the final document as “UCC compliant,” negotiable, secured,
enforceable, or usury compliant merely because a savings clause or governing-law
sentence appears in it.

4. Economics term sheet

Rate-and-charge workpaper

An automatic “excess is a mistake and reduced” sentence does not substitute for
classifying every charge and validating the transaction before funding.

5. Installment schedule and math validation

☐ Schedule reconciles to principal, rate, day count, dates, and maturity

☐ Odd first or final period addressed

☐ Rounding method and final true-up addressed

☐ Variable-rate changes and notices addressed, if applicable

☐ Partial payment, payoff, and prepayment calculations tested

☐ Independent calculation review completed by: [________________________________]

6. Funding and conditions

7. Collateral, guaranty, and related-document map

Do not place a generic lien, banker's lien, setoff, guaranty, mortgage, or
security interest inside the note without completing the separate attachment,
perfection, priority, consent, and remedy analysis.

8. Default, notice, and remedy matrix

No default, acceleration, setoff, collection cost, attorney-fee, repossession,
foreclosure, injunction, or cumulative-remedy term is selected by this worksheet.
Do not make an insolvency consequence “automatic” without bankruptcy review.

9. Waiver, dispute, and enforcement review

This worksheet includes no predispute jury waiver, arbitration clause,
indemnity, lender liability cap, bondless injunction, force-majeure excuse, or
categorical electronic-original term.

10. Drafting instructions

11. Final review

☐ Transaction, borrower, lender, purpose, and collateral classifications confirmed

☐ Current Florida and federal authority register completed

☐ Economics and installment schedule independently validated

☐ Every rate, fee, and charge classified before funding

☐ Negotiability objective and permitted undertakings reviewed

☐ Collateral, guaranty, mortgage, and perfection documents prepared separately

☐ Disclosures, waiting periods, licenses, approvals, and taxes completed

☐ Default and remedies do not use bankruptcy or self-help shortcuts

☐ No automatic usury cure, indemnity, liability cap, jury waiver, arbitration, or electronic-original conclusion remains

☐ Final note and related instruments prepared separately and reviewed by Florida counsel

Retain this worksheet with the authority register, term sheet, calculation
workpapers, disclosures, approvals, closing documents, and final signed note.