PROMISSORY NOTE

 

This AGREEMENT (hereinafter referred to as the "Agreement") is made effective this _____ day of _______________, 200__ by and between ____________________, located at ________________________________________ (hereinafter referred to as the "Maker") and ____________________, located at ________________________________________ (hereinafter referred to as the "Holder").

 

WITNESSETH:

 

In consideration of the respective covenants contained herein, the parties hereto, intending to legally bound hereby, agree as follows:

 

1. For value received, the Maker promises to pay to the order of _______________ (the "Holder"), the principal sum of _____DOLLAR AMOUNT_____ DOLLARS ($XX,XXX.XX), plus interest at the latest, TIMEFRAME from the date hereof at the rate of _____ PERCENT (__%) straight interest, or, _____DOLLAR AMOUNT_____ ($XX,XXX.XX), for a total repayment of principal plus interest in the amount of _____DOLLAR AMOUNT_____ ($XX,XXX.XX)...

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