Free Promissory Note Form with demand for payment 

Custom Search

 

                    PROMISSORY NOTE - DEMAND

                  

 
  Joint and Several Liability

  

                FOR VALUE RECEIVED, I, We __________________, the

 

        undersigned Borrower, jointly and severally promise to pay to

 

        _______________________ Lender or order the sum of ______________

 

        ($____________) Dollars, together with interest thereon at

 

        the rate of ________ percent (____%) per annum.  The entire

 

        unpaid principal and accrued interest thereon, if any, shall

 

        become immediately due and payable on demand by the holder

 

        hereof.

 

                This Note may be prepaid in whole or in part at any time

 

        without premium or penalty.  All prepayments shall be applied

 

        first to interest, then to principal payments in the order of

 

        their maturity.

 

                The undersigned agrees to pay all costs and expenses,

 

        including all reasonable attorneys' fees, for the collection of

 

        this Note upon default.  All payments shall be made at _________

 

        _______________________, or at such other place as the holder

 

        hereof may from time to time designate in writing.

 

 

 

        ______________________________   _______________________________

        Witness                                                       Borrower

 

 

                                         _______________________________

       Dated:                      Borrower