_____ establish a line of credit between the borrower and the lender in which the borrower may borrow from the lender up to ______ INTEREST & CAPITAL: The unpaid capital of this line of credit bears simple interest up to ____ % (____%) per year. Interest shall be calculated on the basis of the balance of the principal which may be adjusted from time to time to reflect additional advances under this Agreement. Interest on the unpaid balance of the loan is monthly, but is not due and payable until the principal balance of the loan is due and payable. The main balance of this note is due and payable to ____ There is no penalty for the early repayment of all or part of the capital. DELAY: The borrower is in arrears in this note if any of the following occurs: (i) the borrower will not comply with his obligation to pay the necessary principal or interest. (ii) the borrower is dissolved or wound up; (iii) the borrower must make an assignment to creditors or may not be able to admit in writing that it is unable to repay its debts when due; (iv) The borrower must bring a matter, proceeding or other action under an existing or future law of jurisdiction concerning bankruptcy, insolvency, reorganization or debt relief, or such action is brought against the undersigned; (v) The borrower undergoes a liquidator appointed for him or his property, or undergoes a seizure, seizure, deposit or execution. The borrower thus renounces the request, the presentation, the dishonor, the care to collect, the leniency and the notice of protest. SECURITY: this note must be secured by a mortgage („mortgage“) on certain real estate of the borrower in _______ RECOURSE: In case of delay of this note, the lender may declare the totality due and due immediately due and payable under this communication. . . .