Secured Installment Note-non Variable Payments

SECURED INSTALLMENT NOTE - NON VARIABLE PAYMENTS SECTION ONE TERMS OF NOTE For value received , of , in this note referred to as maker, promises to pay to the order of , of , in this note referred to as institution, the principal sum of $ with interest thereon at percent per annum in installments as follows: in monthly installments of each, beginning on , and on the same date of each month thereafter, ending on . SECTION TWO PREPAYMENT OF NOTE If this note is prepaid in full before , institution shall charge maker to cover acquisition costs of institution. SECTION THREE ACCELERATION ON DEFAULT If any installment due on this note is not paid at the time and place specified in this note, the entire unpaid balance shall be payable immediately at the election of ins titution. SECTION FOUR COLLATERAL To secure the payment of this note, maker has pledged with institution the following property: Market value as of Description: Total: Maker also pledges as collateral any additions to or substitutions for the pledged property, together with all money and other property held by institution on deposit or otherwise for the account of maker or in which maker has an interest. 2001 251 American LegalNet, Inc. SECTION FIVE ADDITIONAL COLLATERAL Institution may call for additional collateral if institution determines in its sole discretion that additional collateral is necessary for its protection. If maker fails to supply the additional collateral that institution calls for within days from the date of request, this note shall, at the option of institution, become immediately due and payable. SECTION SIX SALE OF COLLATERAL ON DEFAULT On default by m aker of any obligation of this note, institution may immediately, and without notice or advertisement, sell at public or private auction the collateral pledged under this note. If the sale is public, institution may purchase the collateral or any part ther eof. SECTION SEVEN PROCEEDS OF SALE After deducting all expenses incident to the sale of the collateral under Section Six, the proceeds from the sale of the collateral shall be applied by institution to the payment of this note. The balance, if any, of the proceeds shall be returned to maker. SECTION EIGHT EFFECT OF WAIVER OF RIGHTS BY INSTITUTION Institution is not under any obligation to exercise any of its rights under this note, and failure of Institution to exercise its rights under this note or to del ay in exercising any of its rights shall not be deemed a waiver of or in any manner impair any of the rights of Institution. SECTION NINE RIGHTS AND REMEDIES OF INSTITUTION CUMULATIVE The rights and remedies of institution specified in this note are cumula tive and do not exclude any other rights or remedies institution may otherwise have. SECTION TEN ACCELERATION ON INSOLVENCY OF MAKER If maker shall be adjudged a bankrupt, or file a petition in bankruptcy, or have a petition in bankruptcy filed against , t his note shall become due and payable immediately without demand or notice. 2001 251 American LegalNet, Inc. SECTION ELEVEN WAIVER OF PRESENTMENT, PROTEST, AND NOTICE OF DISHONOR All parties to this note, whether maker, endorsers, sureties, guarantors, or otherwise, hereby waive all acts on the part of Institution required in fixing the liability of the party, including among other things presentment, demand, notice of dishonor, protest, notice of protest, notice of nonpayment, and any other notice. SECTION TWELVE DELINQUENCY CHARGE If any installment of this note is not paid when due and remains unpaid for a period more than days, a delinquency charge of percent of each installment that is delinquent or , whichever is less, shall be due and payable by maker. SECTION THIRTEEN COSTS OF COLLECTION Maker shall pay on demand all costs of collection, including legal expenses and attorney fees, incurred by institution in enforcing this note on default. SECTION FOURTEEN ACKNOWLEDGMEN T OF RECEIPT OF NOTE Maker acknowledges receipt of a true copy of this note and certifies that all blank spaces in this note were completed and filled in before it was signed. Dated: (Signature of Maker) 2001 251 American LegalNet, Inc.