Schedule of Loan Payments. On November 15th prior to the first Principal and Interest Payment Date and each November 15th thereafter, Lender will provide to Borrower a Schedule of Loan Payments over the applicable amortization period. The Schedule of Loan Payments will include accrued, unpaid interest, outstanding principal, and any fees owed Lender.
Schedule of Loan Payments. Loan agreements shall provide for repayment within five (5) years from the date of the loan, except when a loan is used to purchase a residence in which the period of repayment shall not exceed fifteen (15) years.
