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PROMISSORY NOTE - DEMAND
JOINT AND SEVERAL LIABILITY
In consideration of value received, the undersigned Borrowers, jointly and severally promise to pay to Lender, ________________________________, the amount of _________________ ($______).
Interest is charged thereon at __________________ percent (_____%) per ______.
Lender may demand payment in full of any unpaid balance and accrued interest at any time. Payments shall be made at the following address: ________________________________________.
This Note may be paid in full or in part at any time without penalty charges. All payments shall be applied first to interest, then to principal payments in the order of their maturity. In the event of any default on this Note, Borrower agrees to pay all reasonable expenses, including court costs and attorney fees, which may be incurred during collection proceedings.
These forms are provided AS IS. They may not be any good. Even if they are good in one jurisdiction, they may not work in another. And the facts of your situation may make these forms inappropriate for you. They are for informational purposes only, and you should consult an attorney before using them.