HomeMy WebLinkAbout0963 . ; %
Holdar ~ay choose t~o aake this retu~d by t~ucirg the picincipal i o~e under ~
this Nota oc ~~king a direct payment b~ ~s. i~ a raluna s•ec~uoee principal,
the r~duction 11 be tr+~ated as e parti~l pcap~yaient.
10. 8~i~1BR'$ 1M1TLL~tR TD PAY AS ~RDQVIR~ .
r
(1?) I.ets Clut1^ge fAr O~erdt~e . Payn~ente ~ •
2 t the Note Hol~r has rwt reoeivecl the !'u~ l anount oE any of my ~nthly ,
payments by tt~e end ot calendac days afte~ the date it is c1ue, I ;
Will pay a lat~e chargs b~~Note 8alder. The aro~mt o~ the d~rge aill '
be = of overdue nt. I rill I
~Y PaY~ FsY tt~is labe c'hArge only onoe
an ~te pe~ynret~t. - I
tB) Default ~ .
If I do rwt pay the fu~l saount of eaeh m~nthly pa~yment cn the date it
is due, I will be in defa~ilt. ~
(C) Notiae of Default . -
If I am fn default, ,the Nate Halder mny serxl me a written noti~e t,elling
me that if I do not pay tl~e overdue amount by a ve~ctein date, the Notre
Holder may requice me to gny im~aediately the full araow~t of principal
`+hich has not been pn~id arYl all int~erest that I owe ari that amount. That
date muet be at least 30 days after the date on which the r~otice is
mailed tro me ar if it is not n~ailed, 30 days after date an whfch it is
delivered to me. _
(Q) No Waiver By Note Ho2de~r
Sven if, at a time w~en I ain -in default, the Note Aolder does nat ~require
me to pay immediately in full as describe~d at~oMe, the Note Holder will
still have the right t~o clo so if, at a later time, I am in default again.
(B) Paryment of Note eolder`s Cost m~d Sxpenses
If the Note Holder has required me fio p~y Lmiedi~ttely in full as descr-ibea
above, the I~lote ealder wf12 have the ri~t ta~ be patd back for all of its
~osts and.enpectses in enforcing thfs Note bo the extent not prohibited by
applicable law. Tl~oee expenses include, far exart~le, rea~onable attorney -
fees.
11. GNII~IG OF N~?PICffi ~ . .
tlnleas applicable law requires~a different mett~o8 of giving notice, any
notice that must be given to me under this Note will be qiv~ by delivering
it or by mafiing it tiy first class mail addressed to nie at the Property
. Address above or at a different address if I give the Note Holder a notioe
of ay different a3dress.
Any notice that ~aust be given to the Note Holder under this Note wil2 be
given by a~ailing it 6y first class mafl to the Note Holder at the address
stated in Section 4 above or at a diffetent eddress ff I am giv~en a nc~tfce
of that different address:•
12. 0~'.ICATIOt~13 OF ~ i~IDF.R THIS t~10?1L
.
If m~re than one person eigna this Note, each peraon is fully obligated~.t~o~
keep all of tt~e praaises made in this Note, includirg the pxqmise tio pay the
full araount ~a+ed. Aryy per~on who is a guarantror, surety, ar er~dorser of this -
. Note is also obligated to do these things. Any person wta takes o~v+ec. tt~e
obligations of guarantor, su~ety, ar endorser of tbis Note ie also obligated,
t~o keep all of the praaises made in this Note. Tfie Note 8older may enforoe
its rights under this Note against each pes~on individually ac against all. of
ua together. This means that one of us may be required t~o pay all of the
ainounts owed under thia Note. .
tPL) Fi.@C 1~IO~tL
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