PROMISSORY NOTE Date City, State FOR VALUE RECEIVED, , hereinafter “Maker” promises to pay to , hereinafter “Holder” or order at , or other such place as may be designated by the Holder from time to time, the principal sum of Dollars ( ), with interest thereon from day of on the unpaid principal at the rate of percent ( ) per annum as follows: 1.. Holder (Initials) ACCELERATION: If Maker fails to make any payment owed under this Note, or if Maker defaults under any Deed of Trust or any other instruments securing repayment of this Note, and such default is not cured within days (30 days if not filled in) after written notice of such default, then Holder may, at its option, declare all outstanding sums owed on this Note to be immediately due and payable, in addition to any other rights or remedies that Holder may have under the Deed of Trust or other instruments securing repayment of this Note..
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