UNSECURED PROMISSORY NOTE I, _____________ (“Borrower’), promise to pay to ____________ (“Lender”) located at ____________ the amount below stated in Section 1. Borrower promises to pay all attorneys’ fees and other reasonable collection costs and charges necessary for the collection of any amount not paid when due. 1. BORROWED AMOUNT The following amount was advanced to me under this Agreement on the dates indicated: BORROWED AMOUNT _____________ 2. INTEREST Interest shall accrue from the beginning of the repayment period and shall be at the annual percentage rate of _________ percent (__ %) of the unpaid balance. 3. REPAYMENT Borrower promises to repay $ _________ plus the outstanding interest every month starting on _____________________________ to Lender until the balance is paid in full. 4. PREPAYMENT A. Borrower may, at Borrower’s option and without penalty, prepay all or any part of the principal, plus the accrued interest thereon, at anytime.
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