REAL ESTATE NOTE
_____________ (month & day) ,____ (year)
FOR VALUE RECEIVED, the undersigned (jointly and
severally if more than one) promises to pay to the order of
____________________ the sum of _____________
($_____) together with interest thereon at the rate
of ___________ percent (___%) per annum in monthly installments of
__________________ ($__________). All
unpaid amounts of principal and interest shall be due and payable on
_____________ (month & day), _____ (year).
This note is secured by a mortgage of the real
estate located at ____________________ ____________________________ and duly
recorded with the __________________ Registry of Deeds. Upon the default in any payment of principal
or interest as provided herein, the entire balance then remaining unpaid shall
immediately become due and payable at the option of the holder hereof. In the event of default, the undersigned
further agrees to pay all reasonable attorney fees and collection cost.
Signed under seal this ______ day of _________
(month), _____ (year).