8/9/2019 Loaning Money Family Promissory Note Blanks

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PROMISSORY NOTE

$________(AMOUNT) __________________(DATE)

FOR VALUE RECEIVED, the undersigned, (the “Maker”), hereby pr!ises t

 pay t the rder "  _________________________ (#ENDE NAME) (“%ayee”), the prin&ipa' su! " $ ____________ pursuant t the ter!s and &nditins set "rth herein

PAYMENT OF PRINCIPAL.  The prin&ipa' a!unt " this %r!issry Nte(the “Nte”) and any a&&rued but unpaid interest sha'' be due and payab'e in ____________ (NUME O* %A+MENT) (-.-#E ONE/ e0ua' !nth'y insta''!ents1 e0ua' 0uarter'y insta''!ents 1 pay!ents as des&ribed be'2) beginning ___________________ (DATE O* *.T %A+MENT) A'' pay!ents under this Ntesha'' be app'ied "irst t a&&rued but unpaid interest, and ne3t t utstanding prin&ipa' ." nt sner paid, the entire re!aining indebtedness (in&'uding a&&rued interest) sha'' bedue and payab'e n _________________ (DATE O* *.NA# %A+MENT)

INTEREST.  This Nte sha'' bear interest, &!punded annua''y, at _________ (ANNUA# .NTEET ATE) per&ent

PREPAYMENT.  The Maker sha'' ha4e the right at any ti!e and "r! ti!e tti!e t prepay this Nte in 2h'e r in part 2ithut pre!iu! r pena'ty

REMEDIES.  N de'ay r !issin n part " the h'der " this Nte ine3er&ising any right hereunder sha'' perate as a 2ai4er " any su&h right r " any ther right " su&h h'der, nr sha'' any de'ay, !issin r 2ai4er n any ne &&asin bedee!ed a bar t r 2ai4er " the sa!e r any ther right n any "uture &&asin The

rights and re!edies " the %ayee sha'' be &u!u'ati4e and !ay be pursued sing'y,su&&essi4e'y, r tgether, in the s'e dis&retin " the %ayee

EVENTS OF ACCELERATION.  The &&urren&e " any " the "''2ing sha''&nstitute an “E4ent " A&&e'eratin” by Maker under this Nte/

(a) Maker5s "ai'ure t pay any part " the prin&ipa' r interest as and 2hen dueunder this Nte6 r 

(b) Maker5s be&!ing ins'4ent r nt paying its debts as they be&!e due

ACCELERATION.  Upn the &&urren&e " an E4ent " A&&e'eratin under this Nte, and in additin t any ther rights and re!edies that %ayee !ay ha4e, %ayee sha''ha4e the right, at its s'e and e3&'usi4e ptin, t de&'are this Nte i!!ediate'y due and payab'e

SUBORDINATION The Maker5s b'igatins under this %r!issry Nte aresubrdinated t a'' indebtedness, i" any, " Maker, t any unre'ated third party 'ender t

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8/9/2019 Loaning Money Family Promissory Note Blanks

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the e3tent su&h indebtedness is utstanding n the date " this Nte and su&hsubrdinatin is re0uired under the 'an d&u!ents pr4iding "r su&h indebtedness

WAIVERS BY MAKER.  A'' parties t this Nte in&'uding Maker and anysureties, endrsers, and guarantrs hereby 2ai4e prtest, present!ent, nti&e " dishnr,

and nti&e " a&&e'eratin " !aturity and agree t &ntinue t re!ain bund "r the pay!ent " prin&ipa', interest and a'' ther su!s due under this Nte nt2ithstanding any&hange r &hanges by 2ay " re'ease, surrender, e3&hange, !di"i&atin r substitutin " any se&urity "r this Nte r by 2ay " any e3tensin r e3tensins " ti!e "r the pay!ent " prin&ipa' and interest6 and a'' su&h parties 2ai4e a'' and e4ery kind " nti&e" su&h &hange r &hanges and agree that the sa!e !ay be !ade 2ithut nti&e r &nsent " any " the!

EXPENSES.  .n the e4ent any pay!ent under this Nte is nt paid 2hen due, theMaker agrees t pay, in additin t the prin&ipa' and interest hereunder, reasnab'eattrneys5 "ees nt e3&eeding a su! e0ua' t 789 " the then utstanding ba'an&e 2ing

n the Nte, p'us a'' ther reasnab'e e3penses in&urred by %ayee in e3er&ising any " itsrights and re!edies upn de"au't

GOVERNING LAW.  This Nte sha'' be g4erned by, and &nstrued ina&&rdan&e 2ith, the 'a2s " the tate " ___________________ (TATE NAME)

SUCCESSORS.  A'' " the "reging is the pr!ise " Maker and sha'' bindMaker and Maker5s su&&essrs, heirs and assigns6 pr4ided, h2e4er, that Maker !ay ntassign any " its rights r de'egate any " its b'igatins hereunder 2ithut the prir 2ritten &nsent " the h'der " this Nte

IN WITNESS WHEREOF, Maker has e3e&uted this %r!issry Nte as " theday and year "irst ab4e 2ritten

Maker_____________________________ 

  !S"#$a%&re'

 _____________________________ (OO:E NAME)

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Re(a)*e$% +-e&/e

DATE AMOUNT DUE

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