Fill and Sign the 10 Promissory Note Templatesaccounting Financial Tax Form

PROMISSORY NOTE FOR VALUE RECEIVED the undersigned [jointly and severally] promise(s) to pay to the order of ________________________________________________________________________________ the principal sum of _______________________________________ ($ __________________ ) Dollars together with interest thereon from date at the rate of ___________ (____%) percent per annum until maturity, said principal and interest being payable monthly on the ___________ day of each and every month in lawful money of the United States beginning on the _____ day of ___________, 20_____, in monthly installments of _______________________________________ ($ ___________ ), and continuing thereafter until __________________ , or until said principal and interest have been paid in full, at _______________________________________ , or at such other place as the holder hereof may designate in writing from time to time. Each installment payment shall be credited first to the interest then due, and the remainder to the principal. [This Note with interest is secured by: ___________ ].
To be continued in original form pending approval by the court. No party may claim or be liable for any of the debts hereof until all said debts have been paid in full. Each of [the parties represented by each representative with the foregoing notes or any other notes which may be in, or become due, upon their respective transfers to such joint and several holders, and for which they have been or would be liable, or for which such parties are or would be liable, respectively in whole or in part, in respect to the transfer, are first to file with the clerk of] the [first district] court of the state of Illinois a true copy of this affidavit with the other documents herein required of the parties. [this is to be deposited with the clerk of ] the first district . The court shall make a decree and issue an order and shall appoint a clerk for the purpose of instituting all proceedings required by the foregoing terms and provisions, and thereupon the same shall become a lien upon the real and personal property of each [of the parties represented by each of] party and any such lien shall continue against all real and personal property of the person from whom the same is first created as to all future sales or transfers. A separate bond shall be made, and the same executed by each of the parties with the notes or other notes as hereinafter provided and shall be conditioned for such sum and amounts as the court may find to be sufficient or proper therefor. If the holder of these notes or any of them or any of their proceeds shall at any time become bankrupt or insolvent or become otherwise incapacitated or unable to pay the amount, the entire property of the corporation or of anyone or more of its divisions and of each of the owners and owners' respective personal property shall be sold as soon as practicable and shall thereafter become the property of the holder, unless prior to such sell [this is to be deposited with the clerk of] the first district of illinois at such places as the court may deem suitable; provided, however, that if prior to such sale any indebtedness as to which these notes are a security or encumbrance remains unpaid, said note shall be delivered to the purchaser or creditors or owners so entitled, or of whom they may have been purchasers or creditors, and the purchaser or creditors or owners' personal property shall become the property of the purchaser or creditors or owners