$ ______

FOR VALUE RECEIVED, ________, the MAKER, promises to pay to the order of ____________, the HOLDER, the sum of $______ (_______ ____________________ &___/100 dollars) payable at ________, ___________ with interest at the rate of __ percent per annum.
This note is No. __ in a certain 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.

Upon default, the MAKER shall pay all reasonable costs of collection including attorney’s fees.

________________________________________
MAKER

Promissory Note-In Series
Review List

This review list is provided to inform you about this document in question and assist you in its preparation.  This is straightforward approach to notes.

1.  Make multiple copies.  Put a copy in each related file.

_____________, the “principal,” of ___________, _______, herewith appoints ______________ of ______________, as their attorney in fact, to act in the place and stead and with the same authority as Principal would have to do the following acts:

To conduct any and all business regarding my deposit accounts, loans, safe deposit box, or other banking business in regard to the _______________________, of ____________________. This power shall specifically include, but is not limited to the right to deposit, withdraw, sign checks or drafts, make stop payment orders, and to conduct any banking transactions necessary or possible in regard to my banking relationship with the __________________________.

To execute a deed or other instrument of conveyance conveying my interest in the following real property:
________________________________________________________________

To examine and to order copies of any and all of my educational records, including both financial and student loan and health related records, at the following college, school or other educational institution:
__________________________ of _______________ and any branches thereof.

To represent me before the Internal Revenue Service in regard to the following taxable years and returns:
Forms: ____________    Years: _____________

This power of attorney shall be in effect from _______________ to _________________.

_____________________________________________________
_____________________, As Principal

STATE OF ______________
COUNTY OF _____________

_____________ personally appeared before me and acknowledged the execution of this power of attorney for the purposes set forth therein.

Dated: _______________________________

__________________________________________
Notary Public
My Commission Expires:

Power of Attorney, Financial Matters
Review List

This review list is provided to inform you about this document in question and assist you in its preparation.  This Power of Attorney is restricted to financial matters.  Read up on the other commentary about Power of Attorney issues.  This is a serious matter.  If you have any doubts, don’t appoint the person.

1. Make multiple copies.  Give one to each interested party.  Keep a list of who has copies so you can retrieve them if you decide at a later date to revoke these powers.
2. One way to restrict a Power of Attorney is simply to put in an automatic termination date.  Then you have to renew in order to have it remain in force and makes it less likely someone can challenge a termination successfully at a later time since you anticipated it in this document.

WHEREAS, ____________, is the owner and holder of the following described promissory note:
Maker(s): __________________________
Face amount: $_______(______________&___/100 dollars)
Interest rate: _____
Present balance due: $______(______________&___/100 dollars)
Pay to the order of _________________________.
(Attach or type on note)

This assignment is without recourse to the assignor.
Dated: _____________________

________________________________________________
Maker

Promissory Note Assignment
Review List

This review list is provided to inform you about this document in question and assist you in its preparation.  This is a straightforward assignment of rights, in this case related to a promissory note.

1.  Make multiple copies.  Give one to each related party.

__________________, 20_____          _____________, ____________
$_______. ____

_______________________, referred to herein as “MAKER”, agrees to pay to the Order of _______________________, referred to herein as “HOLDER”, or order, the sum of $____, (______________________________&___/100 Dollars), at __________________, _______________, _____________, with interest thereon at rate of ___% per annum, simple interest.

Said note shall be in due, unless earlier accelerated, in ______ installments, payable every _______, in the amount of $_____. 00   (____________________&__/100 Dollars). All payments received shall be credited first to interest and then to principal. Should MAKER fail to pay any installment when due, then HOLDER shall have the option to accelerate the payment of the full principal sum and accrued interest payable. HOLDER shall have the right for commercially reasonable causes, including but not limited to, the institution of litigation, the filing of tax liens, or any other objective sign of incapacity of the MAKER to pay the principal or interest due, to accelerate the payment of the full principal sum and accrued interest payable.

This note is payable in U.S. Dollars. At any time the maximum rate of interest applicable to this transaction shall not exceed the legal maximum rate of interest for a note of this type. Any sums paid in excess of any lawful limitation shall be applied to principal.

After default herein, this note will bear interest at the highest legal rate for this type of note until paid in full. Upon any default, MAKER agrees to pay a reasonable attorney’s fee for any and all services of an attorney, whether in or out of court, and for appeal and post-judgment collection legal services.
Dated:

____________________________________________
MAKER

PERSONAL GUARANTEE

The undersigned, in consideration of the extension of credit by HOLDER to MAKER, unconditionally personally guarantee the full and prompt payment of principal, interest, and any collection costs, including attorney’s fees to HOLDER. The undersigned consent to any extensions which may be made from time to time between MAKER and HOLDER, and consents to the release or substitution of any collateral.

***************************************************************
READ CAREFULLY: You are executing a legally binding obligation to pay this debt should the primary maker fail or refuse to do so.  This may mean that you might be called on to pay this debt and collection costs.
***************************************************************

__________________________________________
GUARANTOR

__________________________________________
GUARANTOR

Promissory Note
Review List

This review list is provided to inform you about this document in question and assist you in its preparation. This is a straightforward promissory note.  Be guided accordingly.

1.  Make multiple copies.  Give one to each related party.

________________, referred to as Guarantor, hereby guarantees the payment to ________________, referred to as to the Obligee of:

any and all obligations, regardless of the kind, or how the same arose, that may now exist or may accrue in the future, of ____________, regardless of the amount. THIS IS AN UNLIMITED CONTINUING GUARANTEE.

GENERAL TERMS

The Guarantor waives: diligence by ________________ in collection of any indebtedness or other obligation guaranteed herein; notice of nonpayment, protest, notice of protest or other such notice;

The Obligee may: grant renewals, extensions or modifications of the obligation or indebtedness; surrender or release any and all security or collateral; release co-guarantors if any; without affecting the Guarantors obligations herein.

The Obligee shall not have to: first institute suit against ____________ prior to demanding payment under this guarantee; exhaust any remedies it may have against ____________; give notice of acceptance of this guarantee; and may in its discretion seek to enforce this guarantee solely against Guarantor.

Should there be any additional guarantor of the obligations of ____________, whether in whole or in part, this guarantee shall not be affected by the death, release, or insolvency of any other guarantor.

READ CAREFULLY. THIS IS AN AGREEMENT TO GUARANTEE THE DEBTS OF ANOTHER. THIS MEANS THAT YOU MAY HAVE TO PAY THE WHOLE DEBT OR OBLIGATION OF ____________.

The guarantor may revoke this guarantee upon written notice to the Obligee; however, such revocation shall not affect the liability accrued to that date, if any.

This is the entire agreement of the parties and this agreement may only be modified by a written agreement executed by both parties.

Dated: ____________________________

_____________________________________________
Guarantor

cc Debtor
Unconditional Guarantee Agreement
Review List

This review list is provided to inform you about this document in question and assist you in its preparation.  If you are a guarantor, you should request that the creditor first seek collection from the debtor.  If you are forced to sign this agreement to obtain a loan by the debtor, usually the debtor has such bad credit that you may be forced to come up with the guarantee amount.  Be so warned.

1.  Make multiple copies.  Give one to each related party.

_______________, referred to herein as MAKER, promises to pay to
_______________, referred to as HOLDER, the sum of $______. ___
(______________________________________ & ___/100 Dollars), with interest at the rate of ___ per cent, per annum; however, at no time shall the rate of interest charged herein exceed the applicable limit provided by controlling interest and usury statutes. If interest is charged in excess of the applicable maximum rate, any overpaid interest shall be credited to principal.

This note shall be due upon demand.

Upon default, the sums due herein shall accrue interest at the highest legal rate. THIS NOTE IS NON-RECOURSE, AND THE HOLDER MAY NOT SEEK RECOURSE TO ANY PERSONAL ASSETS OF THE DEBTOR. The Maker does not agree to subject any of his personal assets to the payment of this debt. However, the HOLDER of this note may seek to subject any and all security for this debt for foreclosure or other applicable legal or equitable remedies. However, a deficiency, if any, shall not be a personal obligation of the HOLDER. The HOLDER shall be entitled to receive attorney’s fees and other costs of collection, provided that the same shall only collected from proceeds from foreclosure or other legal or equitable remedies related to security for this debt, if any. Such attorney’s fees and collection costs shall not be a personal obligation of the MAKER and the MAKER’s personal assets shall not be subject to the payment of these sums, however any property which is specifically pledged may be subject to foreclosure or other remedy allowed by law.

Dated: _____________________________________

_________________________________________________
Maker
Non-Recourse, Non-Negotiable Promissory Note
Review List

This review list is provided to inform you about this document in question and assist you in its preparation.  This is absolutely the most favorable note for a borrower and the least favorable for a lender.  If you are such a lender, be sure to collateralize this loan sufficiently to recover.  If you are a borrower, you are lucky if you can get anyone but your rich Aunt Hilda to sign it in your favor.

1.  Make multiple copies.  Give one to each party.