Promissory Note - Series

FOR VALUE RECEIVED, I, We _________________ (Borrower) promise to pay to the order of _______________ (Lender) the sum of _______. Interest shall be calculated at ___ percent per ____.

This note is _____ in a series of _____ notes.

Should there be a default in the payment of any of the notes, then, at the option of the holder hereof, the remaining notes within the series shall immediately become due and payable.

Date: __________.