Late Charge. If any monthly installment amount due under the Note is not made within ten (10) days of its due date, Borrower shall pay to Lender a late charge equal to the lesser of five percent (5%) of such principal or interest payment then due or the maximum rate provided by law; provided, however, no late charge shall be due with respect to any payment due on the maturity date.
Late Charge. If any monthly installment amount due under the Note ispayment shall not madehave been paid within ten (10) days ofafter the same becomes due and payable, the Lender, in addition to its due date,other remedies, may collect, and the Borrower shall pay to Lenderon demand, a late charge equal to the lesser of five percent (5%) of such principal or interest payment then due or the maximum rate provided by law; provided, however, no late charge shall be due with respect to any payment due on the maturity date.amount overdue.
SECTION # Late Charge. IfIn the event that the Borrower fails to pay any monthly installment amount due underof interest or the Note is not madeprincipal of the Loan within ten (10) days of itsafter the due date,date therefor, the Borrower shall pay to Lenderthe Bank without demand a late charge equal to the lesser of five percent (5%) of such principal or interestthe amount of the scheduled payment. The imposition and payment then due or the maximum rate provided by law; provided, however, noof any late charge shall be duenot constitute a waiver of the Bank’s rights with respect to any payment due on the maturity date.an Event of Default resulting from such late payment.
Late Charge. If any monthly installment amount due underUnless otherwise stipulated, the Note is not made within ten (10) days of its due date, Borrower shallagrees to pay to Lenderthe Lender, on demand, a late charge computed as follows to cover the extra expense involved in handling late payments: If interest or principal are payable in installments, the late charge will be equal to the lesser of five percent (5%) of suchany payment that is not paid within twelve (12) days after it is due. If principal orand interest payment then due orare payable at maturity, the maximum rate provided by law; provided, however, no late charge will be equal to five percent (5%) of the interest portion of the payment that is not paid within twelve (12) days after it is due. The late charge will never be less than on each payment. This provision shall not be deemed to excuse a late payment or be deemed a waiver of any Event of Default arising from such later payment or any other right the Lender may have including, without limitation, the right to declare the entire unpaid principal and interest immediately due with respect to any payment due on the maturity date.and payable.
Late Charge. If any monthly installment amount due under the Note is not madeBorrower fails to pay, within ten (10)five (5) days of its due date, any amount due and owing pursuant to this Note or any other agreement executed and delivered to the in connection with this Note, including, without limitation, any Escrow payment due and owing, Borrower shall immediately pay to Lenderthe a late charge equal to the lessergreatest of # , # five percent (5%) of such principalthe delinquent amount or interest payment# the ’s then due orcurrent late charge as announced from time to time. Notwithstanding the maximum rate providedabove, if this Note is secured by law; provided, however, noa one- to six-family owner-occupied residence, the late charge shall equal 2% of the delinquent amount and shall be payable if payment is not received within fifteen days of its due with respect to any payment due on the maturity date.
Late Payment Charge. If any monthly installment amountprincipal, interest or any other sums due under the NoteLoan Documents is not made within ten (10) days of its due date, Borrowerpaid by by the date on which it is due, shall pay to Lender a late charge upon demand an amount equal to the lesser of five percent (5%) of such principal or interest payment then dueunpaid sum or the maximum rate providedamount permitted by law;applicable law in order to defray the expense incurred by in handling and processing such delinquent payment and to compensate for the loss of the use of such delinquent payment, provided, however,however that no such late payment charge shall be due with respect to any paymentthe principal amount of the Loan due on the maturity date.Maturity Date. Any such amount shall be secured by the Mortgage and the other Loan Documents to the extent permitted by applicable law.
Section # Late Charge. If any monthly installment amount due under the Note is not made within ten (10) daysFee/Default Rate of its due date,Interest. Borrower shallpromises to pay to Lender a late chargefee equal to the lesser of fivethree percent (5%(3.00%) of the amount of each installment of principal and/or installment of interest which is received more than ten (10) days after the due date thereof; provided, however, that such principal or interest payment then due orlate fee shall not be less than nor more than the maximum amount (if any) permitted by law. The principal balance of the Loan outstanding after maturity (whether by acceleration or otherwise) shall bear interest at a per annum rate provided by law; provided, however, no late chargeof interest equal to two percent (2.00%) plus the otherwise applicable Interest Rate and shall be due with respectcalculated pursuant to [Section 2.05] hereof. This section does not extend any payment due ondate expressly stated in this Agreement or any Collateral Document and does not in any way prevent or estop Lender from requiring that payments be made by Borrower strictly when due. Unless accepted by Lender, and unless accompanied by all other amounts then due to Lender, the maturity date.tender of such payment by Borrower shall not cure the Default arising from the payment default upon which such late charge was assessed.
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