PROMISSORY NOTE
FOR VALUE RECEIVED, the
undersigned promise to pay to the
order of __________________________ ,
the sum of_____________
($
) Dollars, together with interest
thereon at the
rate of __ % per annum on the unpaid
balance.
Said principal and interest
shall be payable as follows:
(Describe Terms)
The undersigned may prepay this
Note in whole or in part
without penalty. In
the event any payment due hereunder is not
paid when due, the entire balance shall
be immediately due and
payable upon demand of the holder.
Upon default, the
undersigned shall pay all reasonable
attorney fees and costs
necessary for the collection of this
Note.
This Note is executed to
evidence an existing
indebtedness due the payee from the
undersigned on an open
account balance as of this date, and
this Note shall not be
construed as a separate obligation.
Signed under seal this _____day
of _________, 19__.
____________________________