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the crntirc principal sum of this Nc>tc~ shall bc•~-om~• imt~it~ciiatc~ly cluc~
and payable at the optioii of t}ie ltc>Idc•n c~•r~•c>f, ~~•itli~ut n~tic-c~ (nc~tic-c~
of th~ exercise of said c~ption bcing l~c~rc•E~y ~xprc~ssly ~r<~ivc~d), ~?ncl any
.
failur~~ to exc~rcise said optie>n shall not corzstitut~• ~i•aive~r c~i tlic• ri~lit
to e~ercise thc• S1ITlt at any other time.
1. 'Thr iindc~rsi~;nc~d has th~ privilc•~;i• c~f n~<ikin~ prc~~~iymc~nts '
agai~ist the aUov~ obli~;ation in ~vhc~le ~r itl part ~t 1ny time, in ~cictitic~n
~ _ to tlie payme>nts abovc describc~cl ancl e~cei~t as c~thc~i-~vise pro~~ici~•ci,
i
t
i any such prepayments sliall b~• appli~~cl fir5t a~.~in5t lccriic~d intc~rc~st
I .
and then to thc~ nest princ-ipal inst~llmc~nt f:~llin~ cl~ic•.
2. In thc e~ve~nt 111)r action at la~v c~r ~thc~rtt~isr is take~n f~r thc
collection of the ~vitllin obli~;ation by thc~ hol~ler he~rt•of, thc~ undc~rsignecl
! does hereb~~ specifically a~rec~ to he liabic• to thr ~a}~c~e for any anct
all coitrt costs, rc~asonabl~ attornc~}'s' fc•c>s as pi~rmittc~d hy la~v, and
other expenses inciirred by it iil thc~ cc~lle•ctic~n caf <iny s~~ms clue• ~uulc~r
this Note or incurrc~d in thc~ ~nicirc-<•ment c~f .iny c~i its ri~hts hc~rc~undcr.
3. Thc Makcr atid all ~iiar-antors of ti~is ~<~t~• «~ai~re~ drmanel,
protest, a~ld prc~sentnu~nt anci notirc~ c~f nc,n-p<~~•m~•nt zncl prc~ic~st, ancl
also ~~~aivc~ any ancl ~11 clc•fc•nsc~s c>n thr ~rcnu~ci c~1 an~- c~~t~•nsirni r~; p.i}•-
nnent or partial p~i~•mc~nt ~thich m~i}' h~• ~r:~ntc•cl c~i- acc-~•~~t~~~i l~}• thc
holcic~r bc~fc~re ~r aftc~r nlat~irit~~.
4. It is :;pecific~ill}' unclc~rstc~~xl th,it in t}lc~ t•v~~nt t}~iti \~~tc~ is
assi~nec3 to ~n}~ third part}', su~-h rtssi~n~~c• ~h:tll h,i~~c~ .~11 th~• ri~;hts c~f
a holdcr in duc~ cc~nrs~• s~il~jc~ct i~, th~~ t~~ri~~s ~~f thc• J»trc~h.~sc• m~n~~}-
mort~agc~ t•~c~c~ttc~ci simtilt.in<~c>usl~• hc~rc~~~-ith.
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