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Text File  |  1987-09-24  |  2KB  |  54 lines
  1.  
  2.                              PROMISSORY NOTE-GUARANTY
  3.  
  4.  
  5.  
  6.                FOR VALUE RECEIVED, the undersigned jointly and severally
  7.         promise to pay to the order of_________________,the sum of______
  8.         ___________ ($         ) Dollars, with interest thereon at the rate
  9.         of_____ % per annum on the unpaid balance.
  10.  
  11.                Said sum shall be payable as follows:
  12.                _______________________________________________
  13.                _______________________________________________
  14.  
  15.                The undersigned shall have the right to prepay without
  16.         penalty.  In the event any payment due hereunder is not made
  17.         when due, the entire balance shall be immediately due and
  18.         payable at the option of the holder.
  19.  
  20.                In the event of default, the undersigned agree to pay all
  21.         reasonable attorney fees and costs of collection.
  22.  
  23.                Each maker, surety, guarantor or endorser of this note
  24.         waives presentation of payment, notice of non-payment, protest
  25.         and notice of protest and agrees to all extensions, renewals, or
  26.         release, discharge or exchange of any other party or collateral
  27.         without notice.
  28.  
  29.  
  30.  
  31.                                            -------------------------
  32.  
  33.  
  34.  
  35.                                            -------------------------
  36.  
  37.  
  38.                                     GUARANTY
  39.  
  40.                FOR VALUE RECEIVED, the undersigned do hereby guarantee
  41.         payment of the above note and agree to remain fully bound until
  42.         fully paid.
  43.  
  44.  
  45.  
  46.                                            -------------------------
  47.  
  48.  
  49.  
  50.                                            -------------------------
  51.  
  52.  
  53.                                                               Form 105
  54.