PROMISSORY NOTE
    $______(1)___		____(2)_____, _____(3)_____          			_______(4)________, 19_(5)_      	FOR VALUE RECEIVED, the undersigned, promise to pay to the order of   ___________(6)______________, (hereinafter referred to as "Payee"; Payee together with any   subsequent holder hereof or any interest herein being hereinafter referred to as "Holder")   at___________(7)______________, or at such other place as the Holder may from time to time   designate in writing, without grace, except as may be otherwise expressly provided for herein,   the principal sum _________(8)____________ ($______), together with interest from the date   hereof at a rate of (9)% per annum on the unpaid principal balance from time to time outstanding   in accordance with the following provisions:      	(a) Commencing ______(10)______ 19_(11)_, and on the _(12)_ day of each and every   month thereafter until _____(13)______, 19_(14)_, the undersigned shall pay to Holder equal   installments of ______(15)_____ ($_______), including principal and accrued interest on the   unpaid principal balance. The entire outstanding principal balance shall be due and payable in   full on or before _______(16)_______, 19_(17)_.      	This Note and the instruments securing it are to be governed, interpreted and construed   by, through and under the laws of the State of ______(18)______.  This Note may be prepaid in   whole or in part at any time without penalty or premium. If this Note provides for installment   payments of principal, prepayment of principal payments shall be applied in the inverse order   such installment payments are due, applying first to the last principal installment due hereunder.      	This Note is secured by a Mortgage of even date herewith executed by the undersigned   in favor of the Payee herein, which is a lien on certain collateral security as described therein.      	In the event that any payment of principal and/or interest is not made within thirty (30)   days that same is due, which event shall constitute an "Event of Default" hereunder, or in the   event of any default under the terms of the Mortgage securing this Note, the undersigned shall   pay, during the period of such default, interest on the unpaid balance of the indebtedness   evidenced by this Note at the highest rate allowed by law.      	The Holder shall have the optional right to declare the amount of the total unpaid   balance hereto to be due and forthwith payable in advance of the maturity date of any sum due   or installment, as fixed herein, upon the failure of the undersigned to pay, when due and after   thirty (30) days+ that same is due, any of the installments of interest and/or principal, or upon the   occurrence of any event of default or failure to perform in accordance with any of the terms and   conditions in the Mortgage securing this Note or in any other security document executed and/or   delivered in conjunction herewith. Upon exercise of this option by the Holder, the entire unpaid   principal shall bear interest at the highest rate allowed by law. Forbearance to exercise this   option with respect to any failure or breach of the undersigned shall not constitute a waiver of the   rights to any continuing failure or breach or any subsequent failure or breach.      	In no event shall the amount of interest due or payments in the nature of interest payable   hereunder exceed the maximum rate of interest allowed by applicable law, as amended from   time to time, and in the event any such payment is paid by the undersigned or received by the   Holder, then such excess sum shall be credited as a payment of principal, unless the   undersigned shall notify the Holder, in writing, that the undersigned elects to have such excess   sum returned to it forthwith.      	Time is of the essence hereunder and, in case this Note is collected by law or through an   attorney-at-law, or under advice therefrom, the undersigned agrees to pay all costs of collection   including reasonable attorneys' fees. Reasonable attorneys' fees are defined to include, but not   be limited to, all fees incurred in all matters of collection and enforcement, construction and   interpretation, before, during and after suit, trial, proceedings and appeals. Attorneys' fees shall   also include hourly charges for paralegals, law clerks and other staff members operating under   the supervision of an attorney.      	The remedies of the Holder, as provided herein or in the Mortgage, shall be cumulative   and concurrent, and may be pursued singularly, successively or together, at the sole discretion of   the Holder, and may be exercised as often as occasion therefor shall raise. No act of omission or   commission of the Holder, including specifically any failure to exercise any right, remedy or   recourse, shall be deemed to be a waiver or release of the same, such waiver or release to be   affected only through a written document executed by the Holder and then only to the extent   specifically recited therein. A waiver or release with reference to any one event shall not be   construed as continuing, as a bar to, or as a waiver or release of any subsequent right, remedy   or recourse as to a subsequent event.      	Any notice to be given or to be served upon any party hereto, in connection with this   Note, must be in writing, and may be given by certified or registered mail and shall be deemed to   have been given and received on the third (3rd) business day after a certified or registered letter   containing such notice, properly address, with postage prepaid, is deposited in the United States   mail; and if given otherwise then by certified or registered mail, it shall be deemed to have been   given when delivered to and received by the party to whom it is addressed. Such notices shall be   given to the parties hereto as set forth in the Mortgage.      	All persons or corporations or other entities now or at any time liable, whether primarily   or secondarily, for the payment of the indebtedness hereby evidenced, for themselves, their   heirs, legal representatives, successors and assigns respectively, hereby (a) expressly waive   presentment, demand for payment, notice of dishonor, protest, notice of non-payment or protest,   and diligence in collection except as may be otherwise expressly provided; (b) consent that the   time of all payments or any part thereof may be extended, rearranged, renewed or postponed by   the Holder hereof and further consent that the collateral security or any part thereof may be   released, exchanged, added to or substituted for by Holder hereof, without in anywise modifying,   altering, releasing, affecting or limiting their respective liability or the lien of any security   instrument; (c) agree that the Holder, in order to enforce payment of this Note, shall not be   required first to institute any suit or to exhaust any of its remedies against the undersigned or any   other person or party to become liable hereunder.      	If more than one party shall execute this Note, the term "undersigned" as used herein,   shall mean all parties signing this Note and each of them, who shall be jointly and severally   obligated hereunder.      	In this Note, whenever the context so requires, the neuter gender includes the feminine   and/or masculine, as the case may be, and the singular number includes the plural.      	All references herein to interest at the "maximum rate" shall mean "maximum legal   contract rate".          	IN WITNESS WHEREOF, the undersigned has caused this Note to be executed in its   name on the day and year first above written.      _________(19)__________________  Makerís Address       _________(20)__________________   
 
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