(Promissory Note Simple Form with Interest)

PROMISSORY NOTE
P_____________
FOR VALUE RECEIVED, I promise to pay without need of demand to the order of __Pa
yee__, at his office at _____________, the principal amount of PESOS: __________
________________ (P_____________), on or before _____________. In addition to th
e foregoing, I promise to pay monthly interest at the rate of _____________ (___
____%) percent, without need of demand, starting from the month of _____________
until this note is fully paid.
__Date__, _____________, Philippines.