PROMISSORY NOTE - DEMAND
Joint and Several Liability
FOR VALUE RECEIVED, I, We
__________________, the
undersigned Borrower, jointly and
severally promise to pay to
_______________________ Lender or order
the sum of ______________
($____________) Dollars, together with
interest thereon at
the rate of ________ percent (____%)
per annum. The
entire
unpaid principal and accrued interest
thereon, if any, shall
become immediately due and payable on
demand by the holder
hereof.
This Note may be prepaid in
whole or in part at any time
without premium or penalty.
All prepayments shall be applied
first to interest, then to principal
payments in the order of
their maturity.
The undersigned agrees to pay
all costs and expenses,
including all reasonable attorneys'
fees, for the collection of
this Note upon default.
All payments shall be made at _________
_______________________, or at such
other place as the holder
hereof may from time to time designate
in writing.
______________________________
_______________________________
Witness
Borrower
_______________________________
Dated: Borrower