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- BALLOON
NOTE
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- FOR VALUE
RECEIVED, the undersigned promise to pay
to the order of_______________________the
sum of Rs._____________________________,
with annual interest of_________% on any
unpaid balance.
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- This note
shall be paid in ________consecutive and
equal installments 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 uupaid interest shall be
fully paid on or before__________, 20__.
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- This note may
be prepaid without penalty. All payments
shall be first applied to interest and
the balance to principal.
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- This note
shall be due and payalbe 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.
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- Signed
this_____day of __________, 20____.
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- Signed in the
presence of:
______________________________
______________________________
Witness Maker
______________________________
______________________________
Witness Maker
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- ABSOLUTELY NO WARRANTIES
ARE MADE REGARDING THE SUITABILITY OF
THESE FORMS FOR ANY PARTICULAR PURPOSE.
IT IS ADVISABLE THAT IMPORTANT
DOCUMENTATIONS ARE PREPARED OR VETTED BY
EXPERT. LEGAL ADVICE OF ANY NATURE SHOULD
BE SOUGHT FROM COMPETENT, INDEPENDENT,
LEGAL EXPERT IN THE RELEVANT
JURISDICTION.
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