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Promissory Note Guaranty
In consideration of value received, the undersigned [Name(s)] of [Address(es)], hereinafter referred to as "Borrowers", do hereby jointly and severally promise to pay to [Name] of [Address], hereinafter referred to as "Lender", the amount of [$------], such amount accruing interest at the rate of -------- per --------.
This amount is to be paid at: [$------] under these terms: [Enumerate].
This Note may be paid in full at any time without penalty charges. Lender reserves the right to demand payment, in full or in part, with accrued interest charges, at any time. Borrowers agree to pay all reasonable expenses, including court costs and attorney fees, as may be incurred during collection proceedings in the event of default on this Note.
Each maker, surety, guarantor or endorser of this promissory note waives presentation of payment, notice of non-payment, protest and notice of protest and agrees to all extensions, renewals, or release, discharge or exchange of any other party or collateral without notice.
This Section for Notary:
STATE OF -------)
) ss: [Date]
COUNTY OF ------)
On [Date] before me, [Name of Notary], notary, personally appeared [Name of Person(s) Involved], personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
Witness my hand and official seal.
[Name of Notary Public]
My commission expires: [date]