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Promissory Note – For Open Account Debt Form
Promissory Note – For Open Account Debt Form
Text version of this Form

FOR VALUE RECEIVED, the undersigned promise to pay to the order of _____________________________ , the sum of ______________________ ($ ________) Dollars, together with interest thereon at the rate of ________ % per annum on the unpaid balance.

Said principal and interest shall be payable as follows: _________________
_____________________________________________________________
_____________________________________________________________

The undersigned may prepay this Note in whole or in part without penalty. In the event any payment due hereunder is not paid when due, the entire balance shall be immediately due and payable upon demand of the holder. Upon default, the undersigned shall pay all reasonable attorney fees and costs necessary for the collection of this Note.

This Note is executed to evidence an existing indebtedness due the payee from the undersigned on an open account balance as of this date, and this Note shall not be construed as a separate obligation.

Signed under seal this _____day of _______________, 20___.

________________________________________
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