MORTGAGE NOTE

For Value received, the undersigned promise to pay to the order of the Principal sum of Dollars in lawful money of the United States of America, with interest thereon at the rate of percent ( % per annum) from , in installments as follows:

The sum of $ , which includes interest, to be paid on or before , and a like sum of $ , which includes interest, to be paid on or before of each and every thereafter, until , at which time the entire balance of principal, plus accrued interest thereon, shall be due and payable.

All payments shall be credited first to interest and the remainder, if any, to principal.

The Makers reserve the option to prepay this obligation at any time without notice or incurring a penalty for such prepayment or prepayments. All prepayments shall be applied by the Holder hereof against principal in the inverse order of maturity without reducing the amount of the remaining obligatory installments as provided hereinabove, nor shall any such prepayments have the effect of excusing the next annual installment payment due.

In case of failure to pay any installment when same shall become due, the holder at his option, may declare the whole principal hereof as immediately due and payable. In case this note is collected by an attorney, either with or without suit the undersigned hereby agree to pay all costs and a reasonable attorney's fee.

This note is secured by a Mortgage of even date executed by the undersigned on certain real property described therein.

The undersigned hereby waive presentment, protest, and notice.

BY:______________________________

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