Balloon Note
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BALLOON NOTE
FOR VALUE RECEIVED, the undersigned promise to pay to the order of
_______________________ the sum of _______________________________ Dollars
($______), with annual interest of _________% on any unpaid balance.
This note shall be paid in ________consecutive and equal installments of $______
each with a first payment one _____ from the date hereof, and the same amount on
the same day of each _______ thereafter, provided the entire principal balance
and any accrued but unpaid interest shall be fully paid on or
before________________, 20____. This note may be prepaid without penalty. All
payments shall be first applied to interest and the balance to principal.
This note shall be due and payable upon demand of any holder hereof should the
undersigned default in any payment beyond _____ days of its due date. All
parties to this note waive presentment, demand and protest, and all notices
thereto. In the event of default, the undersigned agree to pay all costs of
collection and reasonable attorney's fees. The undersigned shall be jointly and
severally liable under this note.
Signed this _____day of __________, 20_____.
Signed in the presence of:
______________________________
______________________________
Witness Signature
Maker Signature
Witness Maker