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Promissory Note (2)

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Promissory Note
(Loan repayable in installments with interest)
Name of Lender: Jeffrey Jones
1.  For value received, Borrower promises to pay to Lender the amount of $62,500.00 at 19th Floor, 1608 Walnut Street, Phoenix, Arizona 85016 at the rate of 7% per year from the date this note was signed until paid in full.
2.  Borrower agrees that this note shall be paid in installments, which include principal and interest, of not less than $100.00 per month, due on the first day of each month until such time as the principal and interst are paid in full.
3.  If any installment payment due under this note is not received by Lender within 5 days of its due date, the entire amount of unpaid principal shall become immediately due and payable at the option of Lender without prior notice to Borrower.
4.  In the event Lender prevails in a lawsuit to collect on it, Borrower agrees to pay Lender's attorney fees in an amount the court finds to be just and reasonable.

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