1. Promise to Pay. On [date], I [name], residing at [address] (Maker), promise to pay to the order of [name], with offices at [address] (Payee), the sum of ---------- dollars ($----------) together with interest at the rate of ---------- percent (----------%) per annum at the [Bank], located at [address].
2. Acceleration Upon Occurrence of Specified Events. This Note shall become due and payable immediately upon the occurrence of any of the following events:
a. Misrepresentation. The making of any misrepresentation by Maker to Payee for the purpose of obtaining credit or an extension of credit;
b. Creditor's Meeting. The calling of a meeting of Maker's creditors;
c. Committee of Creditors. The appointment of a committee of Maker's creditors;
d. Assignment for Benefit of Creditors. The making of an assignment for the benefit of Maker's creditors;
e. Receivership. The filing of a voluntary or involuntary petition for or the appointment of a receiver of Maker's property;
f. Bankruptcy. The filing of a voluntary petition by or an involuntary petition against Maker under any provision of the federal Bankruptcy Act;
g. Attachment. The issuance of a warrant of attachment or for distraint against any of Maker's property;
h. Tax Lien. The issuance of a notice of tax lien against Maker or Maker's property;
i. Judgments. The entry of a judgment against Maker or Maker's property;
j. Nonpayment of Taxes. Maker's failure to pay, withhold, collect, or remit any tax or tax deficiency when...
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