DIY Legal Forms

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Power To Confess Judgment

Makers, jointly and severally, authorize any attorney to appear in any court of record of [Enumerate] of [State], or any other state in the United States, on default in any payment of any installment due on this instrument, to waive the issuing and service of process, to admit the maturity of this instrument by acceleration or otherwise, and to confess judgment against makers in favor of payee for the amount remaining to be paid on this instrument, together with costs of suit and reasonable attorney fees, and to release all errors and waive all right of appeal and stay of execution.

No judgment or judgments against less than all of the makers shall be a bar to a subsequent judgment or judgments against any one or more of the makers against whom judgment has not been obtained on this instrument.

This is a UCC Money, Loan and Credit provision. It is designed to supplement UCC

"Negotiable Instrument Provision" forms found in this UCC category.