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REAL ESTATE NOTE

$________________________

________________________

 ___________________, 20__

 

FOR VALUE RECEIVED, the undersigned (jointly and severally if more than one) promises to pay to the order of ____________________ the sum of ($_________) Dollars together with interest thereon at the rate of_____ percent (___%) per annum in monthly installments of_________________ Dollars ($__________ ).

 All unpaid amounts of principal and interest shall be due and payable on _________________, 20__.

 This Note is secured by a mortgage of 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's fees and costs of collection.

Signed under seal this

______ day of _________________,  20__.

 _________________________ Signature

____________________________ Witness