Promissory Note

For the value received, I, _______________________, with address

at ______________

promise to pay to the order of ________________________, with address

at ________________, the sum of ____________representing the ______
% interest of the principal loan amount of _________ every month for a
period of __________ commencing on ________________ and every
_____day of the month thereafter.

In case of default, I promise to pay __________ the principal amount

of ________, without need of demand .

I hereby agree that in case of non-payment of the principal amount,

any legal action which may arise in relation to this note may be instituted in
the proper court of the city of Pasay.

_____________________
______________________

Creditor
Debtor

Signed in the presence of

_________________________ ________________________

(Signature over Printed Name) (Signature over Printed Name)