PROMISSORY NOTE
Dated: ______ In the STATE OF, Confusion
$123,456,789.01
A Friend In Need, referred to herein as "MAKER", agrees to pay to the Order of A Friend Indeed, referred to herein as "HOLDER", or order, the sum of $123,456,789.01, ( one hundred twenty three million four hundred fifty six thousand seven hundred eighty nine & 1/100 Dollars), at: Apt. 0101, North Beltway, Confusion, with interest thereon at rate of 12% per annum, simple interest.
The full amount of principal and interest due herein shall be payable on ___________.
This note is payable in U.S. Dollars. At any time the maximum rate of interest applicable to this transaction shall not exceed the legal maximum rate of interest for a note of this type. Any sums paid in excess of any lawful limitation shall be applied to principal.
After default herein, this note will bear interest at the highest legal rate for this type of note until paid in full. Upon any default, MAKER agrees to pay a reasonable attorney's fee for any and all services of an attorney, whether in or out of court, and for appeal and post-judgment collection legal services.
Dated: ___________
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MAKER
PERSONAL GUARANTEE
The undersigned, in consideration of the extension of credit by HOLDER to MAKER, unconditionally personally guarantee the full and prompt payment of principal, interest, and any collection costs, including attorney's fees to HOLDER. The undersigned consent to any extensions which may be made from time to time between MAKER and HOLDER, and consents to the release or substitution of any collateral.
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READ CAREFULLY: You are executing a legally binding obligation to pay this debt should the primary maker fail or refuse to do so. This may mean that you might be called on to pay this debt and collection costs.
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GUARANTOR
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