Common use of ESTOPPEL/WAIVER Clause in Contracts

ESTOPPEL/WAIVER. Failure of Lender to declare a default shall not constitute a waiver of such default. Upon default, this Note will accrue interest at the highest rate permissible under applicable law, or, if this Note be reduced to judgment, such judgment should bear interest at the highest rate permissible under applicable law.

ESTOPPEL/WAIVER. Failure of Lender to declare a default shall not constitute a waiver of such default. Upon default, this Note will accrue interest at the highest rate permissible under applicable law, or, if this Note be reduced to judgment, such judgment should bear interest at the highest rate permissible under applicable law. PREPAYMENT: Borrower reserves the right to prepay at any time all or part of the principal amount of this Note without the payment of penalties or premiums. All payments of this Note, prior to default, shall be first applied to reduce the principal amount of this Note and second to the payment of interest.

ESTOPPEL/WAIVER. Failure of the Lender to declare a default shall not constitute a waiver of such default. Upon default, in accordance with the terms and conditions contained in the Mortgage, this Note will accrue interest at the highest rate permissible under applicable law, or, or if this Note be reduced to judgment, such judgment should bear interest at the highest rate permissible under applicable law.