DELINQUENT INTEREST. In the event that Lessee is in arrears in the payment of rent or any other item or service that is generated due to the use and enjoyment of the leased premises, Lessor shall charge 2.5% (two point five percent) per month as delinquent interest from the day following that on which the Lessee should have effected payment. If the delay continues for longer than 2 (two) months, from the first day of the third late month, the applicable default interest rate shall be 5% (five percent) per month for each month of delay. In such case, if the late payment is less than a month, the interest charge shall be applied to the entire month, although the delay in payment is less. Also, the rate of 5% (five percent) per month shall apply in the event that the Lessee delays twice in successive months or three times during a period of one year in the payment of rent or any other item or service that is generated due to the use and enjoyment of the rented Premises, i.e. the second consecutive time or the third time during a one-year period that the Lessee delays, a rate of 5% (five percent) per month shall be applied. The interest charge shall be applied on a daily basis for each day of delay. This is regardless of whether the Lessor terminates this contract. FIFTH. -
DELINQUENT INTEREST. All assessments shall bear interest at the rate of fifteen percent (15%) per annum from the date of delinquency and such assessments, together with interest shall constitute a lien (if not paid within 60 days after written notification) upon a dwelling until against which it is assessed until the amount, together with interest and charges, is fully paid. As an assessment becomes delinquent, the Trustees may execute and acknowledge an instrument reciting the levy of the assessment and cause the same to be recorded in the Recorders Office of St. Louis County, Missouri. Such assessment may be enforced in the same manner as is provided by law for the enforcement of special tax liens against real estate, except that such assessment shall not have priority over existing mortgages, or deeds of trust. Should an owner pay an assessment after the recording of a notice thereof, as herein provided, the Trustees shall release said lien (as shown by recorded instrument) by executing, acknowledging and recording (at the expense of the owner of the property attached) a release of such assessment with respect to any lot or lots affected, and the Trustees shall cause to be noted from time to time in the minutes of their proceedings, the payments made on account of assessments. In the event that the Trustees are required to incur attorneys’ fees in order to collect any delinquent assessments, said Trustee shall have the right to collect such attorneys’ fees from the lot owner and such fees, if not paid within 60 days after written notification, shall be a lien on the lot until paid.
DELINQUENT INTEREST. The installment owed within this Sub-Loan Agreement having fallen into rears, whatever the reason may be, the STATE, regardless of judicial or extrajudicial notice or summons, will collect in the form of delinquent interest 1% (one per cent) per month on the amount of the installment past due, in addition to other finance charges to which SANEPAR is subject.
DELINQUENT INTEREST. Any interest due pursuant to Section 2.3(c) respecting delinquent payments is due as it accrues without notice or demand.
