Fill and Sign the Installment Promissory Note with Acceleration Clause and Collection Fees Form

Installment Promissory Note with Acceleration Clause and Collection Fees _________________________ ________________________ (Amount of Note) ________________________ (City & State of Execution) ________________________ (Date) FOR VALUE RECEIVED, the undersigned ____________________________________ (Name of Maker of Note) hereby promises to pay to ___________________________________ (Name of Payee) , or order, the principal sum of __________ Thousand, __________ Hundred _______ Dollars ( $___________), together with interest thereon from date at the rate of ______ Percent (____.0%) per annum on the unpaid balance until paid. The said principal and interest shall be payable at ______________________________________________________________ ____________________________________________________ (Address of Maker or address where payment is to be made) , or at such other place as the holder hereof may designate in writing, in ________ consecutive monthly installments of ______ Thousand _______ Hundred ______ and ____/100 Dollars ( $___________). The first of said installments shall be due and payable on the __________________________ (Date), and each subsequent monthly installment shall be due and payable on the ______ day of each succeeding month thereafter until the entire indebtedness evidenced by this Note is fully paid, except any remaining indebtedness, if not sooner paid, shall be due and payable on ____________________________ (Date). The undersigned may prepay the principal amount outstanding in whole or in part without penalty. The holder of this Note may require that any partial prepayments (i) be on the date monthly installments are due, and (ii) be in the amount of that part of one or more monthly installments which would be applicable to principal. The undersigned further promise to pay the holder of this Note a late charge of ________ Percent (_____%) of any monthly installment not received by the Note holder within fifteen (15) days after the installment is due. It is agreed that in the event default is made in the payment of this Note at maturity, or of any installment thereof, whether maturing by expiration of time, by default as herein provided, or as provided in the Deed of Trust given in security hereof, and the same is placed in the hands of an attorney for collection, then an additional amount of _____ Percent (_____%) on the principal and interest of this Note shall be added to the same as a collection fee, and the failure to pay any installment when due shall mature the entire indebtedness at the option of the holder of this Note. The makers, signers, drawers, guarantors, sureties and endorsers hereof severally waive presentation for payment, demand, protest, diligence in collecting, notice of dishonor, notice of extension of time, and notice of protest or nonpayment. WITNESS MY SIGNATURE, as of _____________________________ (Date). ____________________________________ ____________________________________ Printed Name & Signature of Maker