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Can you post an image of your template project?

I would check to make sure you've spelled the placeholder exactly the same everywhere (including no spurious whitespace, for example). If it isn't an exact match, there won't be a replacement done.

As for setting the due date, I haven't been able to reproduce that. I'm not sure why you wouldn't get a date set if you got prompted for one—I think the usual error is not putting a due date on the template project which means you don't get prompted for one. Maybe the issue will become evident if we can see the project.