XXXXXXXX’S RIGHT TO PREPAY. I have the right to make payments of principal at any time before they are due. A payment of principal only is known as a "prepayment." When I make a prepayment, I will tell the Note Holder in writing that I am doing so. I may make a full prepayment or partial prepayments without paying any prepayment charge. The Note Holder will use all of my prepayments to reduce the amount of principal that I owe under this Note. If I make a partial prepayment, there will be no changes in the due date or in the amount of my monthly payment unless the Note Holder agrees in writing to those changes.
Appears in 2 contracts
Samples: Mortgage, Loan Agreement (Paradise Resorts & Rentals Inc)
XXXXXXXX’S RIGHT TO PREPAY. I have the right to make payments of principal at any time before they are due. A payment of principal only is known as a "prepayment." ". When I make a prepayment, I will tell the Note Holder in writing that I am doing so. I may make a full prepayment or partial prepayments without paying any prepayment charge. The Note Holder will use all of my prepayments to reduce the amount of the principal that I owe under this Note. If I make a partial prepayment, there will be no changes in the due date or in tin the amount of my monthly payment unless the Note Holder agrees in writing to those changes.
Appears in 1 contract
Samples: Loan Agreement (Atlas Mining Co)
XXXXXXXX’S RIGHT TO PREPAY. I have the right to make payments of principal at any time before they are it is due. A payment of principal only is known as a "prepayment." When I make a prepayment, I will tell the Note Holder NOTE HOLDER in writing that I am doing so. I may make a full prepayment or partial prepayments without paying any prepayment charge. The Note Holder NOTE HOLDER will use all of my the prepayments to reduce the amount of principal that I owe is owed under this Note. If I make a partial prepayment, there will be no changes in the due date or in the amount of my monthly payment unless the Note Holder NOTE HOLDER agrees in writing to those changes.
Appears in 1 contract
Samples: Deferred Payment Note
XXXXXXXX’S RIGHT TO PREPAY. I have the right to make payments of principal at any time before they are due. A payment of principal only is known as a "prepayment." ". When I make a prepayment, I will tell the Note Holder in writing that I am doing so. I may make a full prepayment or partial prepayments without paying any prepayment chargecharge except as noted hereinabove. The Note Holder will use all of my prepayments to reduce the amount of principal that I owe under this Note. If I make a partial prepayment, there will be no changes in the due date or in the amount of my monthly payment quarterly payments unless the Note Holder agrees in writing to those changes.
Appears in 1 contract