Interest shall be payable by Maker from the date of disbursement of funds by Payee, with the Interest for the period through                     , 20    , due and payable upon execution and delivery of this Note. Beginning on                     , 20    , and on the first day of each consecutive month thereafter until the Maturity Date (as defined below), Maker shall make monthly payments of $         consisting of principal and Interest. All payments received shall be credited first to costs, then to Interest, and last to principal due hereunder.