NOTE AND GUARANTEE
FOR VALUE RECEIVED, the borrower,
____________________________ residing at
______________________________________________, shall pay to the order of
____________________ (lender), at ______________________ (address) the total
amount of _______________________ ($_____), including principal and interest at
___________ percent (____%) per year, in consecutive payments, payable on the
_________ day of the month beginning on ___________ until the loan is paid in
full. The borrower may prepay this loan
without any early payment penalty.
Failure to make a payment when due shall be a
default on the loan. Should a default
exist for more than ______________ (_____) days, the total amount outstanding
will be currently due, and the borrower agrees to pay the holder of this note
reasonable costs of collection including attorney fees.
____________________ Borrower: ____________________
FOR VALUABLE CONSIDERATION RECEIVED, the guarantor,
______________, guarantees full payment of the above amount, and shall remain
liable until the note is fully satisfied and paid in full.