DIY Legal Forms

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Promissory Note Series

FOR VALUE RECEIVED, I, [Name] of [Address], hereinafter referred to as "Borrower", promise to pay to the order of [Name] of [Address], hereinafter referred to as "Lender" the sum of [$------].

Interest shall be calculated at [--%] percent per --------.

This note is [--] in a series of [--] notes.

Should there be a default in the payment of any of the notes by Borrower, then, at the option of the holder hereof, the remaining notes within the series shall immediately become due and payable to Lender.

Dated:

Signature

[Name], Borrower

Signature

[Name], Lender

This Section for Notary:

Acknowledgment

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.

[Signature]

[Name of Notary Public]

My commission expires: [date]

(Seal)