GENERAL PROMISSORY NOTE WIT INTEREST ON UNPAID PAYMENTS

 

$_______________________ (Dollars)

________________________ (Date of Making)

________________________ (Place of Making)

For value received, we, __________________, of _____________________ (address), __________________ (city), ______________ (county), __________________ (state), and __________, of ______________________ (address), _________________ (city), ______________ County, __________________ (state), jointly and severally, promise to pay to the order of _________________ (payee), of _______________________ (address), _________________ (city), _______________ (county), ______________ (state), the sum of __________ (Amount) ($__________), with interest from _________ (date), at the rate of __________ percent annually until ___________ (date), the due date of this promissory note. If full payment of the principal and interest is not made when due, the amount of the unpaid interest shall be added to the principal of the loan evidenced by this promissory note, and both the unpaid interest and the principal shall then bear interest at __________ percent annually until paid.

 

_______________________________

(Signature of Maker)

_______________________________

(Signature of Maker)

 

 

______________________________________________________________________________________

 

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