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Exercise Extreme Caution when using many of our free forms - or any legal material. While they may provide general ideas on format & content, validity requirements can and do vary greatly from state to state. Many MUST be Properly Modified for your own location and circumstances. (Hint: If in doubt it's usually safer to include unneeded clauses than to leave out necessary ones. . . . but it's even safer to consult a competent source or use current, state specific ones like ours mentioned below.) Also, we urge people (and lawyers too) to read our Relying On Legal Info FAQ.

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PROMISSORY NOTE - SERIES

$______________________ ______________,20___

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 _____, 20___.

______________________________ ___________________________
Witness (Borrower)

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