Fill and Sign the Free Alabama Unsecured Promissory Note Template Wordpdf Form

STATE OF ALABAMA________________, ALABAMACOUNTY OF ____________ ___________ ___, ______ PROMISSORY NOTE FOR VALUE RECEIVED , the undersigned, ______________________, promise(s) to pay to _________________________, or his/her/their heirs, executors or assigns, or order, the principal sum of_____________________________________ DOLLARS ($__________), together with interest at the rate of ____% per annum from the date hereof. The said principal and interest shall be payable at________________________, _______________, Alabama, or at such other place as the holder may designate in writing, in ______ consecutive monthly installments of __________________________________DOLLARS ($________) each, commencing on the _____ day of ______________ _______, and on the same day of each month thereafter, until the principal and interest are fully paid.If default be made in the payment of any installment under this note, and if the default is not made good prior to the due date of the next such installment, the entire principal sum and accrued interest shall at once become due and payable without notice at the option of the holder of this note. Failure to exercise this option shall not constitute a waiver of the right to exercise the same in the event of any subsequent default. In the event of default in making of any payments herein provided and in the event the whole of said debt is declared to be due, interest shall accrue thereafter at the rate stated above.The makers and endorsers of this note waive presentment, demand, protest and notice of non-payment, and hereby waive all claims of exemption as to real or personal property, salary or wages under the constitution and statute laws of the State of Alabama or any other state against the debt evidenced hereby; and if unpaid when due, agree to pay a reasonable attorney's fee and all costs of collection, whether by suit or otherwise. CAUTION - IT IS IMPORTANT THAT YOU THOROUGHLY READ THE CONTRACT BEFORE YOU SIGN IT. ____________________________________________________(L.S.)____________________________________________________(L.S.)