This Earnest Money Promissory Note is a form of security deposit made by a potential purchaser of real property to show that the he or she is serious about completing the transaction. When the transaction is finalized, the funds are put toward the purchase price. If the contract is terminated for any reason other than the purchasers breach, the deposit is returned to the purchaser. This document should be used by a purchaser and seller of real property when entering into a purchase agreement.

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