Fill and Sign the For Value Received the Undersigned Promises to Pay to the Order of Form

PROMISSORY NOTE $______________ ______________ County, ______________ Date: ______________, 20_____ FOR VALUE RECEIVED, the undersigned, promises to pay to the order of ______________ whose address is _______________________________ (or at such other place as the holder hereof may designate), the sum of _______________________________ ($______________), together with interest of _______ percent per annum, payable in monthly installments of ___________ per month, with the first payment being due on the ____ day of __________, 20___ and a like payment on the same day of each month thereafter until fully paid. THERE will be no pre-payment penalty on this Note. IF DEFAULT is made in payment after demand, and such default shall continue for a period of 10 days, then the holder hereof may, at its option, declare the whole sum then remaining unpaid immediately due and payable. In case of any such default, the undersigned agrees to pay all costs of collection, including a reasonable attorney's fee, whether or not suit is instituted. PRESENTMENT for payment, demand, notice of dishonor, protest, notice of protest and any homestead or personal property exemption allowed by the constitutions or laws of any state are hereby waived by the undersigned. Failure by the holder hereof to exercise any option granted it hereunder shall not constitute a waiver of future rights. The term "undersigned" as used herein shall include all makers, co-makers, endorsers, sureties and guarantors hereof. _______________________________________BORROWER __________________________
Creditor amount, or value, due from: (payable to the clerk's office of the county of) date, or the date, in the case of a mortgage over real estate, or the original date written by or in the possession of the creditor, or the date of the foreclosure action or order, if known, which was served on the holder hereof, or an original date or date of service of process to the holder hereof, whichever was applicable, or (the date such notice of default or of acceptance is issued by the bankruptcy court, if it has not taken enforcement action against the holder hereof) in any subsequent case on any payment of money which the holder hereof is required to make, and in all respects to be given notice of the debt; but all liens and encumbrances, and all contracts or obligations which may have accrued or been executed in the present case, and all extensions of credit heretofore issued or granted, remain in full force and effect and are not in effect prior to the date of such notice. Judgment of foreclosure date: ....................... (signature of the holder hereof) date recorded. Notice of default (signature of the owner or holder or lessee or mortgagee or creditor in default hereof) date: ....................... (signature of the foreclosed party or holder or lessee or mortgagee or creditor) the court finds that there has been a lapse of time of (number of years) as a result of the foreclosure action, and it is hereby ordered that, in the absence of a showing to the contrary, the property that was foreclosed, which has suffered from a lapse of time (as hereinafter provided) to be of value and condition as at the date of the entry of judgment with respect to it is hereby returned to and held by the person from whom it was foreclosed in full force and effect at the date of the entry of judgment. D. Any notice of default may in the discretion of the court prescribe the time within which any installment due has to be paid. E. If any judgment hereunder is not complied with within 10 days from the date of default or order of foreclosure thereupon, no installment of money must be paid before judgment shall pass on the matter. The judgment and order of foreclosure are a full and final judgment in favor of the foreclosed party and his heirs.