Examples of Second Note in a sentence
Lender shall not make Loan Advances if Borrower has paid the Note in full (or the Second Note, if the Secretary has assumed the Lender's rights and obligations under Article 5).
Lender shall not make Loan Advances if Xxxxxxxx has paid the Note in full (or the Second Note, if the Secretary has assumed the Lender's rights and obligations under Article 5).
Xxxxxxxx's promise to pay is secured by a mortgage, deed of trust or similar security instrument that is dated the same date as this Note and called the "Security Instrument" or the "Second Security Instrument." The Security Instrument protects the Lender from losses which might result if Borrower defaults under this Second Note.
Xxxxxxxx also executed a First Security Instrument and First Note when the Second Security Instrument and Second Note were executed.
If OCNY does not consent to the assignment and assumption of the OCNY Contract, the principal balance of the Second Note shall be reduced by $10,000.00, which will be effective 30 days after termination of said contract by Orange County, New York.