HomeMy WebLinkAbout0126 Installments of interest (if not forbidden by law) shall
bear interest after maturity at the rate of ten per cent (10$)
per annum. Unpaid principal after August 31, 1987, whether by
acceleration or in due course, shall bear interest at the rate
of ten per cent (10$) per annum.
In the event of failure to pay any interest, or any
~ installment of principal, or any portion thereof, for the space
of ten (10) days after written notice by registered or certified
mail, has been given to the maker, and to the General Partner
of the ~aker, at their respective principal places of business,
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~ by the holder, or holders, hereof of such non-payment on the due
~ date of such payment, then the entire principal sum remaining ~
unpaid, with all accrued and past due interest thereon, at the
option of the holder, or holders, hereof, shall accelerate, and
at once become due and payable. Notice hereunder shall be deemed
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given when addressed as above and deposited in the United States ~
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mail with appropr~_ate postage attached. Failure-by the holder ~
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hereof, to exercise any of the rights or options herein provided,
shall not constitute a waiver of any rights or options hereunder,
or thereafter accruing.
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~ rlaker reserves the right at any time to prepay all or
" any portion of the pri.ncipal sum due hereunder without premium
or p~naity.
The General Partner of. tlze maker Itereof shall not be
_ individually liable for any payments due under this note, it
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