Sample Promissory Note

Promissory Note

Php50,000.00                                                                                              January 5, 2014

     FOR VALUE RECEIVED, I promise to pay to the order of ANNA CURTIES, the sum of FIFTY THOUSAND PESOS (Php50,000.00) Philippine Currency, in TEN (10) equal monthly installments of FIVE THOUSAND PESOS (Php5,000.00) starting February 5, 2014 and every 5th day of the month thereafter until fully paid. Should I fail to pay on the due date, a late penalty fee of three percent (3%) per month shall be added on each unpaid installment from due date thereof until fully paid.