Demand Promissory Note 
Full Names ______________________________________________ 
Address_________________________________________________ 
Full Names ______________________________________________ 
Address_________________________________________________ 
(Hereinafter referred to as the Borrower/s) 
Full Names ______________________________________________ 
Address_________________________________________________ 
(Hereinafter referred to as the Lender) 
For value received, the Borrower hereby unconditionally promises to pay to the order of Lender  the sum of ______________________ ($________) together with interest accrued at the rate of  __________percent (______%) per year on any unpaid balance. 
Payable on Demand 
The entire outstanding amount shall become immediately payable upon demand by the Lender or  holder of this Note, but demand shall not be made before the _______day of  _____________________20____. 
Place of Payment 
Payment shall be made at the above stated address of the Lender or at such place as may be  designated from time to time in writing by the Lender or holder of this Note. For ease of  payment the Borrower may exercise the option to effect payment by direct deposit or electronic  transfer of funds into the account of Lender as specified in writing. 
Prepayment 
The Borrower may prepay this Note in full or in part at any time without premium or penalty. All  prepayments shall first be applied to accrued interest and thereafter to the principal loan amount.
Default 
Should the Borrower not make full payment within _________days of demand, this Note may be  turned over for collection and the Borrower agrees to pay all reasonable legal fees and collection  charges to the extent permissible by law, in addition to other amounts due. 
Transfer 
The Lender may transfer this Note to another holder without notice to the Borrower and the  Borrower agrees to remain bound to any subsequent holder of this Note under the terms of this  Note. 
Replacement of Note 
The Borrower agrees to execute a new Note with the same terms and conditions and remaining  value in the event that this Note is lost, stolen or mutilated. The Lender shall release the  Borrower of all obligations under the lost, stolen or mutilated Note in lieu of a replacement new  Note. 
Joint and Several Liability 
All Borrowers or Co-signors identified in this Note shall be equally liable for the repayment of  the debt described in this Note. 
Borrower's Waiver 
The Borrower waives presentment for payment, notice of non-payment, off-set, protest and  notice of protest and agrees to remain fully bound until this Note is paid in full. 
Lender's Indulgence 
No relaxation, indulgence, waiver, release or concession of any terms of this Note by the Lender  on one occasion shall be binding unless in writing and if granted shall not be applicable to any  other or future occasion. 
Binding Effect 
The terms of this Note shall be binding upon the Borrower's successors and shall accrue to the  benefit and be enforceable by the Lender and his/her successors, legal representatives and  assigns. 
Jurisdiction 
This Note shall be construed, interpreted and governed in accordance with the laws of the State  of _______________ and should any provision of this Note be judged by an appropriate court of  law as invalid, it shall not affect any of the remaining provisions whatsoever. 
General 
Where appropriate words signifying one gender shall include the others and words signifying the  singular shall include the plural and vice versa. 
Paragraph headings are for convenience of reference only and are not intended to have any effect  in the interpretation or determining of rights or obligations under this Note.
Signed at ______________________ on this ________day of  ________________________20____. 
(1) Borrowers Name _____________________________ (1) Borrower's Signature ________________________________ 
(2) Borrowers Name _____________________________ (2) Borrower's Signature ________________________________ Signed in the presence of: 
(1) Witness Name _____________________________ (1) Witness Signature __________________________________ (2) Witness Name _____________________________ (2) Witness Signature __________________________________