Thursday, April 28, 2005

Promissory Note With Guaranty

Date: ________________

FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of _____________, the sum of ________________ [$_______] Dollars, with interest thereon at the rate of ___% per annum on the unpaid balance.

Said sum shall be payable in the manner following: _______________________

The undersigned shall have the right to prepay without penalty. In the event any payment due hereunder is not made when due, the entire balance shall be immediately due at the option of any holder.
In the event of default, the undersigned agree to pay all reasonable attorney fees and cost of collection.
Each maker, surety, guarantor or endorser of this 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.



FOR VALUE RECEIVED, the undersigned do hereby guaranty payment of the above note and agree to remain fully bound until fully paid.



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The forms are samples provided for discussion purposes only. Should you decide to use any of them in your business or personal activities, it is advised that you have them reviewed by competent legal counsel.