PROMISSORY NOTE
In consideration of the receipt of the sum of _________ dollars ($__________), hereby acknowledged, I promise to pay to the order of _________________________________, the sum of _____________ dollars ($_______), payable monthly on the _________ day of the month, with interest at ______ percent (___%) per year based on the declining balance, until paid, but no payment may be less than ______ dollars ($_____) or the amount of principal and interest outstanding, whichever is less.
_______________________ Date
_____________________________________ Maker