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- PROMISSORY NOTE
- (For Open Account Debt)
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- 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.
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- Said principal and interest shall be payable as follows:
- (Describe Terms)
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- 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.
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- 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.
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- Signed under seal this _____day of _________, 19__.
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- ____________________________
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- Form 107