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_____.