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Borrower will pay ______ payments of $_____ each at monthly/yearly/_________ intervals with a final

balloon payment of ____________ at the end of the loan term on _________ date.

3. Application of Payments. Payments will be applied first to interest and then to principal.

4. Prepayment. Borrower may prepay all or any part of the principal without penalty.

5. Loan Acceleration. If Borrower is more than _______ days late in making any payment, Lender may

declare that the entire balance of unpaid principal is due immediately, together with the interest that has

accrued.

7. Security

This is an unsecured note.

Borrower agrees that until the principal and interest owed under this promissory note are paid in

full, this note will be secured by a security agreement and Uniform Commercial Code Financing

statement giving Lender a security interest in the equipment, fixtures, inventory and accounts

receivable of the business known as ____.

Borrower agrees that until the principal and interest owed under this promissory note are paid in

full, this note will be secured by the

mortgage

deed of trust covering the real estate commonly known as _________________

and more fully described as follows: ___________________________________

8. Collection Costs. If Lender prevails in a lawsuit to collect on this note, Borrower will pay Lender's costs

and lawyer's fees in an amount the court finds to be reasonable.

The undersigned and all other parties to this note, whether as endorsers, guarantors or sureties, agree to

remain fully bound until this note shall be fully paid and waive demand, presentment and protest and all

notices hereto and further agree to remain bound notwithstanding any extension, modification, waiver, or

other indulgence or discharge or release of any obligor hereunder or exchange, substitution, or release of

any collateral granted as security for this note. No modification or indulgence by any holder hereof shall be

binding unless in writing; and any indulgence on any one occasion shall not be an indulgence for any other

or future occasion. Any modification or change in terms, hereunder granted by any holder hereof, shall be

valid and binding upon each of the undersigned, notwithstanding the acknowledgement of any of the

undersigned, and each of the undersigned does hereby irrevocably grant to each of the others a power of

attorney to enter into any such modification on their behalf. The rights of any holder hereof shall be

cumulative and not necessarily successive. This note shall take effect as a sealed instrument and shall be

construed, governed and enforced in accordance with the laws of the State of __________________.

Witnessed: ________________________ Date: ______________

Borrower: _________________________ Date: ______________

Lender: ___________________________ Date: ______________

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