Promissory Note (Payable On Demand) {PN-807}

PROMISSORY NOTE (County) Date: FOR VALUE RECEIVED, the undersigned, promises to pay to the order of whose address is , , , (or at such other place as the holder hereof may designate), the sum of ($), together with interest of percent per annum, payable on demand. THERE will be no pre-payment penalty on this Note. IF DEFAULT is made in payment after demand, and such default shall continue for a period of 10 days, then the holder hereof may, at its option, declare the whole sum then remaining unpaid immediately due and payable. In case of any such default, the undersigned agrees to pay all costs of collection, including a reasonable attorney's fee, whether or not suit is instituted. PRESENTMENT for payment, demand, notice of dishonor, protest, notice of protest and any homestead or personal property exemption allowed by the constitutions or laws of any state are hereby waived by the undersigned. Failure by the holder hereof to exercise any option granted it hereunder shall not constitute a waiver of future rights. The term "undersigned" as used herein shall include all makers, co-makers, endorsers, sureties and guarantors hereof. Signed: Signed: Type/Print Name Type/Print Name American LegalNet, Inc. 251 www.FormsWorkFlow.com