Common use of PREPAYMENT—STEPPED Clause in Contracts

PREPAYMENT—STEPPED. Borrower acknowledges that any prepayment of this Note will cause Lender to lose its interest rate yield on this Note and will possibly require that Lender reinvest any such prepayment amount in loans of a lesser interest rate yield (including, without limitation, in debt obligations other than first mortgage loans on commercial properties). As a consequence, Borroxxx xxxxes as follows, as an integral part of the consideration for Lendex’x xxking the Loan:

PREPAYMENT—STEPPED. Borrower acknowledges that any prepayment of this Note will cause Lender to lose its interest rate yield on this Note and will possibly require that Lender reinvest any such prepayment amount in loans of a lesser interest rate yield (including, without limitation, in debt obligations other than first mortgage loans on commercial properties). As a consequence, Borroxxx xxxxes Xxxxxxxx agrees as follows, as an integral part of the consideration for Lendex’x xxking Xxxxxx’s making the Loan: