Promissory Note (Demand)

JOINT AND SEVERAL LIABILITY

In consideration of value received, We ____________, 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.

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Borrower

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Date

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Witness

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Date