SAMPLEFree Legal Documents, Forms and ContractsPROMISSORY NOTE(this "Note") Borrower:__________ of ______________________________________ (the"Borrower")Lender:__________ of ______________________________________ (the"Lender")Principal Amount: $_____________ USD1.FOR VALUE RECEIVED, The Borrower promises to pay to the Lender at such address as maybe provided in writing to the Borrower, the principal sum of $_____________ USD, withoutinterest payable on the unpaid principal, beginning on May 13, 2022.2.This Note will be repaid in full on May 13th, 2022.3.At any time while not in default under this Note, the Borrower may pay the outstanding balancethen owing under this Note to the Lender without further bonus or penalty.4.The Borrower shall be liable for all costs, expenses and expenditures incurred including, withoutlimitation, the complete legal costs of the Lender incurred by enforcing this Note as a result ofany default by the Borrower and such costs will be added to the principal then outstanding andshall be due and payable by the Borrower to the Lender immediately upon demand of theLender.5.If any term, covenant, condition or provision of this Note is held by a court of competentjurisdiction to be invalid, void or unenforceable, it is the parties' intent that such provision bereduced in scope by the court only to the extent deemed necessary by that court to render theprovision reasonable and enforceable and the remainder of the provisions of this Note will in noway be affected, impaired or invalidated as a result.6.This Note will be construed in accordance with and governed by the laws of the State ofAlabama.Page 1 of 2