Promissory Note - Interest

Interest $_______________

Date: ___________________

FOR VALUE AND CONSIDERATIONS RECEIVED, I, (We) ________________ (Borrower), personally guarantee to pay to the order of _________ (Lender) the sum of _________ dollars ($__), per month which includes the principle payment of _________ dollars ($__) and interest payment of ________ dollars ($__) for a period of ____ months. The interest is set at the rate of _____ percent (__%) per year. The terms of payment shall be as follows:

Furthermore, all payments shall be due and payable on the ___ day of each month. This note shall be due in full on or before ___________, 20_____.

Signed this __________ day of __________ 20___.

_____________________________
Borrowers

_____________________________
Borrowers

_____________________________
Date

_____________________________
Witness

_____________________________
Date

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