SECTION ONE

TERMS OF NOTE

For value received ____________________, of _______________________________, in this note referred to as maker, promises to pay to the order of ______________, of _______________________________, in this note referred to as institution, at __________________________________, the principal sum of $_________________ with interest thereon at ________ percent per annum in installments as follows: ______________________________________ in _____ monthly installments of ___________ each, beginning on ____________, and on the same date of each month thereafter, ending on ____________________.

SECTION TWO

PREPAYMENT OF NOTE

If this note is prepaid in full before _______________, institution shall charge maker _________________ to cover acquisition costs of institution.

SECTION THREE

ACCELERATION ON DEFAULT

If any installment due on this note is not paid at the time and place specified in this note, the entire unpaid balance shall be payable immediately at the election of institution.

SECTION FOUR

COLLATERAL

To secure the payment of this note, maker has pledged with institution the following property: _______________________________

Market value as of ____________________

Description: _____________________________________________

Total: __________________________

Maker also pledges as collateral any additions to or substitutions for the pledged property, together with all money and other property held by institution on deposit or otherwise for the account of maker or in which maker has an interest.

SECTION FIVE

ADDITIONAL COLLATERAL

Institution may call for additional collateral if institution determines in its sole discretion that additional collateral is necessary for its protection. If maker fails to supply the additional collateral that institution calls for within _______ days from the date of request, this note shall, at the option of institution, become immediately due and payable.

SECTION SIX

SALE OF COLLATERAL ON DEFAULT

On default by maker of any obligation of this note, institution may immediately, and without notice or advertisement, sell at public or private auction the collateral pledged under this note. If the sale is public, institution may purchase the collateral or any part thereof.

SECTION SEVEN

PROCEEDS OF SALE

After deducting all expenses incident to the sale of the collateral under Section Six, the proceeds from the sale of the collateral shall be applied by institution to the payment of this note. The balance, if any, of the proceeds shall be returned to maker.

SECTION EIGHT

EFFECT OF WAIVER OF RIGHTS BY INSTITUTION

Institution is not under any obligation to exercise any of its rights under this note, and failure of Institution to exercise its rights under this note or to delay in exercising any of its rights shall not be deemed a waiver of or in any manner impair any of the rights of Institution.

SECTION NINE

RIGHTS AND REMEDIES OF INSTITUTION CUMULATIVE

The rights and remedies of institution specified in this note are cumulative and do not exclude any other rights or remedies institution may otherwise have.

SECTION TEN

ACCELERATION ON INSOLVENCY OF MAKER

If maker shall be adjudged a bankrupt, or file a petition in bankruptcy, or have a petition in bankruptcy filed against , this note shall become due and payable immediately without demand or notice.

SECTION ELEVEN

WAIVER OF PRESENTMENT, PROTEST, AND NOTICE OF DISHONOR

All parties to this note, whether maker, indorsers, sureties, guarantors, or otherwise, hereby waive all acts on the part of Institution required in fixing the liability of the party, including among other things presentment, demand, notice of dishonor, protest, notice of protest, notice of nonpayment, and any other notice.

SECTION TWELVE

DELINQUENCY CHARGE

If any installment of this note is not paid when due and remains unpaid for a period more than __________ days, a delinquency charge of _________ percent of each installment that is delinquent or ____________, whichever is less, shall be due and payable by maker.

SECTION THIRTEEN

COSTS OF COLLECTION

Maker shall pay on demand all costs of collection, including legal expenses and attorney fees, incurred by institution in enforcing this note on default.

SECTION FOURTEEN

ACKNOWLEDGMENT OF RECEIPT OF NOTE

1

Maker acknowledges receipt of a true copy of this note and certifies that all blank spaces in this note were completed and filled in before it was signed.

________________________________ Dated: _____________

(Signature of Maker)