FOR VALUE RECEIVED, the undersigned promise to pay to the order of __________________________

the sum of ___________________________ Dollars ($ ), with annual interest of ____% on any unpaid balance.

This note shall be paid in consecutive and equal installments of $ ___________ each with a first payment one _________  from date hereof, and the same amount on the same day of each _________ thereafter, provided the entire principal balance and any accrued but unpaid interest shall be fully paid on or before ____________. This note may be prepaid without penalty. All payments shall be first applied to interest and the balance to principal.  This note shall be due and payable upon demand of any holder hereof should the undersigned default in any payment beyond days of its due date. All parties to this note waive presentment, demand and protest, and all notices thereto. In the event of default, the undersigned agree to pay all costs of collection and reasonable attorneys’ fees. The undersigned shall be jointly and severally liable under this note.

Signed this _____day of ________, _________

Signed in the presence of:  Witness ___________________________________ 

Maker ___________________________________

Maker ___________________________________