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BALLOON NOTE
FOR VALUE RECEIVED, the undersigned promise to pay to the order
of _______________________the sum of______________________Dollars
($ ), with annual interest of_________% on any unpaid balance.
This note shall be paid in ________consecutive and equal installments
of $______ each with a first payment one _____from the date hereof,
and the same amount on the same day of each_______ thereafter,
provided the entire principal balance and any accrued but uupaid
interest shall be fully paid on or before________________, 19__.
This note may be prepaid without penalty.
All payments shall be first applied to interest and the balance
to principal.
This note shall be due and payalbe upon demand of any holder
hereof should the undersigned default in any payment beyond _____
days of its due date.
All parties to this note waive presentment, demand and protest,
and all notices thereto.
In the event of default, the undersigned agree to pay all costs
of collection and reasonable attorney's fees. The undersigned
shall be jointly and severally liable under this note.
Signed this_____day of __________, 19____.
Maker: ________________________
Witness: ________________________
