PROMISSORY NOTE
FOR THE VALUE RECEIVED, I, ____________________________________________, of
legal
age,
single,
Filipino
with
residence
in
_______________________________________________________________, promise to pay to the
order
of
__________________________________________________
the
sum
of
________________________________________________ PESOS (Php ___________) in ________
(____) equal monthly installments of __________________________________________________
(Php __________________) starting _____________________ and every _______ day of the
month thereafter until fully paid. Should I fail to pay on the due date, a late penalty fee
of _________ (_____%) per month shall be added on each unpaid installment from due
thereof until fully paid.