Promissory Note (In Lieu of Open Account Debt)

(In Lieu of Open Account Debt)





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 in the

manner following: (Describe terms)


_


The undersigned may prepay this note without penalty. In

the event any payment due hereunder is not paid when due, the

entire balance shall be immediately due upon demand of any

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 a certain existing

indebtedness due the payee from the undersigned relative to a

certain 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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