FREE Promissory Note Installment

PROMISSORY NOTE - INSTALLMENT
     _________________________________[city,state,date]

FOR  VALUE  RECEIVED, we the undersigned, jointly and
severally, promise to pay to the order of [name of lender],
[city, state]           , the sum of _____________________
($     ) Dollars with interest on any unpaid balance from
[date]    at the rate of            percent per annum, and
payable in        equal successive monthly installments of
              Dollars in lawful money of the United States
of America, commencing on the       day of each and every
month thereafter until paid except the final installment
which shall be the balance due on this note.  If any
installment be not paid when due, the undersigned promise
to pay collection charges of   per dollar of each overdue
installment, or the actual cost of collection, whichever
is greater and the entire amount owing and unpaid hereunder
shall at the election of the holder hereof forthwith become
due and payable, and notice of such election is hereby
waived.  The undersigned promises to pay all reasonable
attorney's fees incurred by the holder hereof in enforcing
any right or remedy hereunder.  All sums remaining unpaid
on the agreed or accelerated date of the maturity of the
last installment shall thereafter bear interest at the rate
of       percent per month.  The undersigned authorizes the
holder to date and complete this note in accordance with the
terms of the loan evidenced hereby, to accept additional
co-makers, to release co-makers, to change or extend dates
of payment and to grant indulgences all without notice or
affecting the obligations of the undersigned, and hereby
waives;

     a.   Presentment, demand, protest, notice of dishonor
and the notice of nonpayment;

     b.   The right, if any, to the benefit, or to direct
the application of, any security hypothecated to the holder,
until all indebtedness of the maker to the holder, howsoever
arising shall have been paid;

     c.   The right to require the holder to proceed against
the maker, or to pursue any other remedy in the holder's
power;

And agrees that the holder may proceed against any of the
undersigned, directly and independently of the maker and
that the cessation of the liability of the maker for any
reason other than full payment, or any extension,
forebearance, change of rate of interest, acceptance,
release, substitution of security, or any impairment or
suspension of the holder's remedies or rights against the
maker, shall not in anywise affect the liability of any of
the undersigned hereunder.  All obligations of the makers
if more than one, shall be joint and several.

            _________________________________________
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