Loan Agreement - Sample of Installment Note

SAMPLE OF AN INSTALLMENT NOTE

                                                     Date:_______________________, 20 ____.


FOR VALUE RECEIVED, we, (Comaker) _______________________, of _______________________, and (Comaker) _______________________, of _______________________, herein referred to as the undersigned, promise to pay to the order of _______________________(payee),  herein referred to as holder, at _________________________________ (Address) _______________________, (city)_______________________, (state), the sum of______________________ Dollars ($________________), with interest on any unpaid balance from the date at the rate of ___________ per cent (_________%) per annum and payable in equal successive monthly payments of _______________________ Dollars ($_________________)  commencing on _______________________, 20____, and continuing on the same day of each and every month thereafter until paid, except the final installment which shall be the balance due on this note.

1. Overdue Installments.  If any installment is not paid when due, the undersigned shall pay all appropriate collection charges.  In addition, the entire amount owing and full unpaid balance will at the election of noteholder become due and payable.

2. Attorneys' Fees.  The undersigned shall pay all reasonable attorneys' fees incurred by holder in enforcing any remedy hereunder.

3. Joint and Several Liability.  All obligations of the undersigned hereunder shall be joint and several.



__________   _________________________________
    Date                         Signature Of Co-Maker


__________ _________________________________
    Date Signature Of Co-Maker


__________ _________________________________
    Date Signature Of Holder

Reference:  Practice Enhancers, Able & Co.