Common use of Non-Payment of Loan Clause in Contracts

Non-Payment of Loan. If the Borrower fails to make payment when due of any installment of principal on the Note or accrued interest and if the default remains unremedied for fifteen (15) days.

Non-Payment of Loan. If the Borrower fails shall fail to make payment when due of any installment of principal on the Note Note, or interest accrued interest thereon and if the default remains shall remain unremedied for fifteen (15) days.

Non-Payment of Loan. If the Borrower fails to make payment when due of any installment of principal on the Note or accrued interest and if the default remains unremedied for fifteen thirty (1530) days.