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Promissory Note - Series









PROMISSORY NOTE - SERIES


$______________________ ______________,19__


FOR VALUE RECEIVED, I, We ________________ (Borrower)

promise to pay to the order of ________________(Lender) the sum

of ($ )Dollars payable at _____________________ with

interest at the rate of_________ (___%) percent per annum.

This note is No. _____ in a certain series of_____ notes.

Should there be a default in the payment of any of the

notes, then, at the option of the holder hereof, the remaining

notes within the series shall immediately become due and payable.

Signed under seal this _____day of _____, 19__.


______________________________ ___________________________
Witness (Borrower)


Form 102

 
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