Promissory Note (Unsecured - Demand) {PN-803}

Unsecured Promissory Note $ [CITY, STATE] [DATE] FOR VALUE RECEIVED, (hereafter, ?Maker?), an individual [or type of business entity], promises to pay , an individual [or type of business entity] Dollars ($ ), with interest accruing on the unpaid principal at the rate of percent %) per annum from , 20 until paid. The aforementioned principal sum represents monies owed to for . Principal and interest are payable in monthly installments due on or before the ( ) day of each month until paid in full, with the first such payment to be made on or before , 20 . In no event shall interest exceed the maximum amount permitted by law. Any amount collected in excess of the maximum legal rajudgment is rendered or not. This Promissory Note has been entered into and shall be performed in County, [State], and shall be construed in accordance with the laws of [STATE] and any applicable federal statutes or regulations of the United States. Any claims or disputes concerning this Note shall, at the sole election of Holder, be adjudicated in [COUNTY, STATE]. Executed in the presence of: WITNESS [NAME OF COMPANY] Name/Address By: Name/Address Disclaimer American LegalNet, Inc. © www.FormsWorkFlow.com