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Promissory Note Payable on a Designated Date

This is a promissory note for payment of money owed, payable on a date designated in the second paragraph of the document.
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PROMISSORY NOTE

(County)
Date: _______

FOR VALUE RECEIVED, the undersigned, promises to pay to the order of _____________ whose address is ______________, ___________, ___________,  ____________ (or at such other place as the holder hereof may designate), the sum of _______________________________ ($_______________), together with interest of _______ percent per annum, payable on demand.
THERE will be no pre-payment penalty on this Note.
IF DEFAULT is made in payment after demand, and such default shall continue for a period of 10 days, then the holder hereof may, at its option, declare the whole sum then remaining unpaid immediately due and payable.  In case of any such default, the undersigned agrees to pay all costs of collection, including a reasonable attorney's fee, whether or not suit is instituted ...

etc.

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