Letter of Demand Promissory Note

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

$ :

Date :

FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of (Name of the person to be paid) the sum of ________________ Dollars ($___________) together with interest of 12% per annum on the unpaid balance. The entire unpaid principal and any accrued interest shall be fully and immediatelypayable UPON DEMAND of any holder thereof.

Upon default in making payment within 15 days of demand and provided this note is turned over for collection, the undersigned agree to pay all reasonable legal fees and costs of collection to the extent permitted by law. This note shall take effect as a sealed instrument and be enforced in accordance with the laws of the payee’s state. All parties to this note waive presentment, notice of non-payment, protest and notice of protest, and agree to remain fully bound notwithstanding the release of any party, extension or modification of terms or discharge of any collateral for this note.

In the presence of :

Witness :

Witness :

Debtor :

Debtor :

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    Letter of Demand Promissory Note
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