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

Borrower'S Promise To Pay Form Page 4

9. WAIVERS

I and any other person who has obligations under this Note waive the rights of

Presentment and Notice of Dishonor. “Presentment” means the right to require the Note

Holder to demand payment of amounts due. “Notice of Dishonor” means the right to

require the Note Holder to give notice to other persons that amounts due have not been

paid.

10. UNIFORM SECURED NOTE

This Note is a uniform instrument with limited variations in some jurisdictions. In addition to

the protections given to the Note Holder under this Note, a Mortgage, Deed of Trust, or Security

Deed (the “Security Instrument”), dated the samedate as this Note, protects the Note Holder from

possible losses which might result if I do not keep the promises which I make in this Note. That

Security Instrument describes how and under what conditions I may be required to make

immediate payment in full of all amounts I owe under this Note. Some of those conditions are

described as follows:

If all or any part of the Property or any Interest in the Property is sold or transferred (or if

Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred)

without Lender’s prior written consent, Lender may require immediate payment in full of all

sums secured by this Security Instrument. However, this option shall not be exercised by Lender

if such exercise is prohibited by Applicable Law.

If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice

shall provide a period of not less than 30 days from the date the notice is given in accordance

with Section 15 within which Borrower must pay all sums secured by this Security Instrument.

If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke

any remedies permitted by this Security Instrument without further notice or demand on

Borrower.

WITNESS THE HAND(S) AND SEAL(S) OF THE UNDERSIGNED

____________________________________

(Seal)

- Borrower

____________________________________

(Seal)

- Borrower

____________________________________

(Seal)

- Borrower

(Sign Original Only)

Borrower'S Promise To Pay Form Page 4