FOR VALUE RECEIVED, the
undersigned promise to pay to the order of _______________________ the sum of
_______________________________ Rupees (Rs.______), with annual interest of
_________% on any unpaid balance.
This note shall be paid in
________consecutive and equal instalments of Rs.______ each with a first
payment one _____ from the date hereof, and the same amount on the same day of
each _______ thereafter, provided the entire principal balance and any accrued
but unpaid interest shall be fully paid on or before________________, 20____.
This note may be prepaid without penalty.
s
All payments shall be first
applied to interest and the balance to principal.
This note shall be due and
payable upon demand of any holder hereof should the undersigned default in any
payment beyond _____ days of its due date. All parties to this note waive
presentment, demand and protest, and all notices thereto. In the event of
default, the undersigned agree to pay all costs of collection and reasonable
attorney's fees. The undersigned shall be jointly and severally liable under
this note.
Signed this _____day of
__________, 20_____
Signed in the presence of
______________________________ ______________________________ Witness
Signature
Maker Signature
______________________________ ______________________________
Witness
Maker
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