PROMISSORY NOTE

Php. __________________

I promise and undertake to pay without need of demand to the order of

__________________________________________ at her address at _____________
_________________________________________________, the amount of PESOS:
______________________________________________________ (Php.__________) with
interest at the rate of __________ (____%) per centum per month/year of the outstanding
balance payable as follows:

Date
________________________
________________________
________________________
________________________
________________________
________________________
________________________
________________________
________________________
________________________
________________________
________________________
TOTAL
Amount
_________________________________
_________________________________
_________________________________
_________________________________
_________________________________
_________________________________
_________________________________
_________________________________
_________________________________
_________________________________
_________________________________
_________________________________
_________________________________

There will be penalty imposed with rate of _________ (____%) percent per month if the
said obligation has not been paid on its due date.

In case of default of payment of this note the total or whole obligation shall be come due
without need of demand and in case it becomes necessary to collect this note I will shoulder all
the expenses of litigation and attorney’s fee.

Done this ________________20__, ________________, Philippines.

_______________________ ______________________
Maker Co-Maker

Signed in the presence of:

______________________ ______________________

ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
CITY OF ___________________ ) S S.

Before me a Notary Public for and in the Province of Laguna_____________ this

_________________ personally appeared the following person/s:
Name Competent Proof of Identity
______________________________________________________________________
______________________________________________________________________
who acknowledged to me that they/he/she is/are the same person/s who signed and executed
this instrument and he/she/they acknowledged before me that the same is their/his/her free act
and voluntary deed.
WITNESS MY HAND AND SEAL on the date and at the place first above written.

Doc. No. _________;

Page No. _________;
Book No. _________;
Series of 20___.