PROMISSORY
NOTE
[Installment
Note – Short Form]
Date:
FOR VALUE RECEIVED,
the undersigned hereby jointly and severally promise to pay to the
order of [___], the sum of [s-CheckAmount], together with interest
thereon at the rate of [s-PercNumber]% per annum on the unpaid
balance.
Said sum, inclusive
of interest, shall be paid in [s-PaidNumber] [monthly/weekly]
installments of [s-InstallCheckAmount] each, with a first payment due
[s-PayDate], and a like amount on the same day of each [month/week]
thereafter until the full amount of this note and accrued interest
shall be fully paid. All payments shall be first applied to accrued
interest and the balance to principal. The undersigned reserves the
right to pre-pay this note in whole or in part without penalty.
This note shall be
fully payable upon demand of any holder in the event the undersigned
shall default in making any payments due under this note within
[s-DueNumber] days of its due date.
In the event of any
default, the undersigned agreed to pay all reasonable attorney fees
and costs of collection to the extent permitted by law. This note
shall take effect as a sealed instrument and be enforced in
accordance with the laws of the payee's state.
__________________________ _________________
Signature Date
