LATE PAYMENT/PREPAYMENT. Any installment payment not made within five (5) days after the due date thereof shall be subject to a late charge of five percent (5%) of the amount due. All amounts in default shall bear interest at a rate of eighteen percent (18%) per annum. All or part of the principal balance on the Note may be paid in whole or in part at any time prior to maturity without penalty.
Appears in 3 contracts
Samples: Seller Financing Addendum, Purchase and Sale Agreement for Commercial Real Estate, Seller Financing Addendum
LATE PAYMENT/PREPAYMENT. Any installment payment not made within five (5) 30 days after the it is due date thereof shall be is subject to a late charge of five percent (5%) $ 25.00 or --5--% of the amount installment due. All amounts Amounts in default shall bear interest at a rate of eighteen percent (18%) 14 % per annum. All or part of the principal balance on the Note may be paid in whole or in part at any time prior to maturity without penalty.
Appears in 2 contracts
Samples: Real Estate Purchase Contract (Cyberamerica Corp), Real Estate Purchase Contract (Cyberamerica Corp)
LATE PAYMENT/PREPAYMENT. Any installment payment not made within five (5) with 5 days after the it is due date thereof shall be is subject to a late charge of five percent ($___ Or 5%) % of the amount installment due. All amounts Amounts in default shall bear interest at a rate ___of eighteen percent (18%) % per annum. All or part of the principal balance on the Note may be paid in whole or in part at any time prior to maturity without penalty.
Appears in 1 contract
