FOR VALUE RECEIVED, the undersigned, _______________________________ (Borrower), maintaining an address at _______________________________ (Borrower’s Address) promises to pay to the order of _______________________ (Lender), whose address is _____________________________ (Lender’s Address), the principal sum of $_____________ (Principal), together with interest of _____% (Interest Rate) per year thereon from the date herein.
Accrued interest shall be payable on the first business day of each year and at maturity. The entire Principal together with any accrued but unpaid interest shall be fully paid on or before _______________, 20___.
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