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1. Security Interest: Creates a security interest in the vehicle as collateral, used when the note is secured by the vehicle itself

2. Late Payment Charges: Specifies additional charges or interest for late payments, optional but recommended

3. Prepayment Provisions: Terms for early payment of the note, including any penalties or benefits

4. Insurance Requirements: Mandatory insurance requirements for the vehicle, typically included when the note is secured

5. Transfer Restrictions: Restrictions on selling or transferring the vehicle while the note is outstanding

6. Governing Law: Specific jurisdiction and applicable law, particularly important if parties are from different regions

1. Schedule A - Payment Schedule: Detailed breakdown of payment installments, dates, and amounts

2. Schedule B - Vehicle Documentation: Copies of vehicle registration, insurance certificates, and other relevant documentation

3. Schedule C - Vehicle Inspection Report: Detailed condition report of the vehicle at the time of executing the promissory note

4. Appendix 1 - Vehicle Photographs: Photographs of the vehicle from multiple angles for documentation purposes