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Promissory Note Installment Note - Short Form Disclaimer Be aware that some of these sample letters have legal financial or other implications. If you are not sure about the use of any letter consult with an appropriate professional first. PROMISSORY NOTE Installment Note - Short Form FOR VALUE RECEIVED the undersigned jointly and severally promise to pay to the order of the sum of Dollars together with interest thereon at the rate of per annum on any unpaid balance. Said sum inclusive of interest shall be paid in monthly/weekly installments of each with a first payment due 19 and a like amount on the same day of each month/week thereafter until the full amount of this note and accrued interest shall be fully paid* All payments shall be first applied to accrued interest and the balance to principal* The undersigned reserves the right to pre-pay this note in whole or in part without penalty. This note shall be fully payable upon demand of any holder in the event the undersigned shall default in making any payments due under this note within days of its due date. In the event of any default the undersigned agreed to pay all reasonable attorney fees and costs of collection to the extent permitted by law. This note shall take effect as a sealed instrument and be enforced in accordance with the laws of the payee s state. Said sum inclusive of interest shall be paid in monthly/weekly installments of each with a first payment due 19 and a like amount on the same day of each month/week thereafter until the full amount of this note and accrued interest shall be fully paid* All payments shall be first applied to accrued interest and the balance to principal* The undersigned reserves the right to pre-pay this note in whole or in part without penalty. This note shall be fully payable upon demand of any holder in the event the undersigned shall default in making any payments due under this note within days of its due date. This note shall be fully payable upon demand of any holder in the event the undersigned shall default in making any payments due under this note within days of its due date. In the event of any default the undersigned agreed to pay all reasonable attorney fees and costs of collection to the extent permitted by law. In the event of any default the undersigned agreed to pay all reasonable attorney fees and costs of collection to the extent permitted by law. This note shall take effect as a sealed instrument and be enforced in accordance with the laws of the payee s state. Said sum inclusive of interest shall be paid in monthly/weekly installments of each with a first payment due 19 and a like amount on the same day of each month/week thereafter until the full amount of this note and accrued interest shall be fully paid* All payments shall be first applied to accrued interest and the balance to principal* The undersigned reserves the right to pre-pay this note in whole or in part without penalty. This note shall be fully payable upon demand of any holder in the event the undersigned shall default in making any payments due under this note within days of its due date. In the event of any default the undersigned agreed to pay all reasonable attorney fees and costs of collection to the extent permitted by law.

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