Common use of LATE PAYMENT/PREPAYMENT Clause in Contracts

LATE PAYMENT/PREPAYMENT. Any payment not made within 10 days after it is due is subject to a late charge of $100.00 or n /a % of the installment due, whichever is greater. Amounts in default shall bear interest at a rate of 18.00% per annum. All or part of the principal balance on the Note maybe paid prior to maturity without penalty.

Appears in 2 contracts

Samples: Real Estate Purchase Contract (Schimatic Cash Transactions Network Com Inc), Real Estate Purchase Contract (Schimatic Cash Transactions Network Com Inc)

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LATE PAYMENT/PREPAYMENT. Any payment not made within 10 withing 5 days after it is due is subject to a late charge of $100.00 ___________________ or n /a % --5--% of the installment due, whichever is greater. Amounts in default shall bear interest at a rate of 18.007 % per annum. All or part of the principal balance on the Note maybe may be paid prior to maturity without penalty.

Appears in 1 contract

Samples: Real Estate Purchase Contract (Cyberamerica Corp)

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