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Promissory Note Payable on Demand

This form is a Promissory Note. The form provides that this promissory note is payable upon demand. The agreement also provides that there will be no pre-payment penalty on the note.
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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.

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