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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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We strongly suggest that you use State Specific (forms drafted for your State). U.S. Legal Forms, Inc. maintains a staff of attorneys who draft and update Forms for each State. So, visit U.S. Legal Forms for State Specific Wills, Living Wills, Power of Attorney, Real Estate, Landlord Tenant, Corporate, Affidavits, Releases and Other Forms and download your form in Word format.

PROMISSORY NOTE - DEMAND

Joint and Several Liability

FOR VALUE RECEIVED, I, We __________________, the undersigned Borrower, jointly and severally promise to pay to _______________________ Lender or order the sum of ______________ ($____________) Dollars, together with interest thereon at the rate of ________ percent (____%) per annum. The entire unpaid principal and accrued interest thereon, if any, shall become immediately due and payable on demand by the holder hereof.

This Note may be prepaid in whole or in part at any time without premium or penalty. All prepayments shall be applied first to interest, then to principal payments in the order of their maturity.

The undersigned agrees to pay all costs and expenses, including all reasonable attorneys' fees, for the collection of this Note upon default. All payments shall be made at
________________________________, or at such other place as the holder hereof may from time to time designate in writing.

______________________________ _______________________________
Witness Borrower

_______________________________
Dated: Borrower

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