FOR VALUE RECEIVED, I, We _________________ (Borrower) promise to pay to the order of __________________ (Lender) the sum of ______________________. Interest shall be calculated at _______ percent per _______.
This note is _____ in a series of _____ notes.
Should there be a default in the payment of any of the notes, then, at the option of the holder hereof, the remaining notes within the series shall immediately become due and payable.