Borrower'S Promise To Pay Form (Page 3 of 4) in pdf

Borrower'S Promise To Pay Form Page 3

(c)

Notice of Default

If I am in default, the Note Holder may send me a written notice telling me

that if I do not pay the overdue amount by a certain date, the Note Holder

may require me to pay immediately the full amount of Principal which has not

been paid and all the interest that I owe on that amount. That date must be at

least 30 days after the date on which the notice is mailed to me or delivered

by other means.

(d)

No Waiver By Note Holder

Even if, at a time when I am in default, the Note Holder does not require me to

pay immediately in full as described above, the Note Holder will still have the right

to do so if I am in default at a later time.

Payment of Note Holder’s Costs and Expenses

(e)

If the Note Holder has required me to pay immediately in full as described above,

the Note Holder will have the right to be paid back by me for all of its costs and

expenses in enforcing this Note to the extent not prohibited by applicable law. Those

expenses include, for example, reasonable attorneys’ fees.

7. GIVING OF NOTICES

Unless applicable law requires a different method, any notice that must be given to me under

this Note will be given by delivering it or by mailing it by first class mail to me at the Property

Address above or at a different address if I give the Note Holder a notice of my different

address.

Any notice that must be given to the Note Holder under this Note will be given by deliv

ering it or by mailing it by first class mail to the Note Holder at the address stated in

Section 3(A) above or at a different address if I am given a notice of that different

address.

8. OBLIGATIONS OF PERSONS UNDER THIS NOTE

If more than one person signs this Note, each person is fully and personally obligated to keep

all of the promises made in this Note, including the promise to pay the full amount owed. Any

person who is a guarantor, surety or endorser of this Note is also obligated to do these things.

Any person who takes over these obligations, including the obligations of a guarantor, surety or

endorser of this Note, is also obligated to keep all of the promises made in this Note. The Note

Holder may enforce its rights under this Note against each person individually or against all of

us together. This means that any one of us may be required to pay all of the amounts owed under

this Note.

Borrower'S Promise To Pay Form Page 3