Letter of Demand Note

Letter of Demand Note : Please fill out the following form. Please print your completed form if you would like to have a copy for your records.

$ :

Date : (date with year)

Principal Amount :

State :

FOR VALUE RECEIVED, the undersigned __________________ promise to pay to the order of _____________________ the sum of _______________ Dollars ($______) with annual interest at 12% on the unpaid balance from date hereof. The full unpaid principal and any earned interest shall be fully due and immediately payable UPON DEMAND of any holder of this note.

Upon failure to make payment within 15 days of demand, and should this note be turned over for collection, the undersigned shall pay all reasonable legal fees and costs of collection. All parties to this note, whether as maker, endorser, guarantor or surety, waive presentment, demand, notice of non-payment, protest and notice of protest, and agree to remain fully bound notwithstanding the release of any party or extension, renewal,indulgence, modification of terms or discharge or substitution of any collateral for this note. The undersigned shallbe jointly and severally liable under this note.

This note shall be enforced in accordance with the laws of the state above. All payments hereunder shall be made to such address as any holder may from time to time designate. The makers sign this note as principals and not as surety.

Signed this day of (date with year) :

Signed in the presence of :

Witness :

Witness :

Maker :

Maker :


We the undersigned jointly and severally guaranty the prompt and punctual payment of all monies due under the aforesaid note and agree to remain bound until fully paid.

In the presence of :

Witness :

Witness :

Guarantor :

Guarantor :

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    Letter of Demand Note
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