Installment note.

$_____

_________, _________

[Date]

 

For value received, I promise to pay to the order of _________ of _________, at its _________ branch, the sum of $_____ with interest at the rate of _________ percent per year from date until paid, in monthly installments of not less than $_____ in any one payment, including the full amount of interest due on this note at time of payment of each installment. The first payment shall be made on [date], and a like payment on the _________ day of each month thereafter until [date] when the whole sum of principal and interest then unpaid shall be paid.

If any of the installments are not paid, the whole sum of both principal and interest shall become due immediately and payable at the option of the holder of this note. In case action is instituted to collect this note, or any portion of it, I promise to pay such additional sum as the court may adjudge reasonable as attorney's fees in the action.



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