PROMISSORY
NOTE
(FOR
OPEN ACCOUNT DEBT)
In
consideration of value received, the undersigned Borrower promises to pay
________________ the amount of ________________, along with interest accrued on
such amount at __________ percent per _______________. Payments are to be made in the following
fashion:
______________________________________________
This
Note may be paid in full without penalty charges. In case of any default on this Note or its terms, Lender may
demand payment in full of the balance, with accrued interest. Furthermore, Borrowers agrees to pay all
reasonable expenses associated with collection costs in such case.
This
Note evidences an existing indebtedness due Lender by the Borrowers on an open
account balance as of this date, and this Note shall not be considered a
separate obligation.
_______________________________ _____________________________
Borrower
Date
_______________________________ _____________________________
Borrower
Date
_______________________________ _____________________________
Witness
Date
