Late Payment Charge. If any principal, interest or any other sums due under the Loan Documents is not paid by [[Borrower:Organization]] by the date on which it is due, [[Borrower:Organization]] shall pay to [[Lender:Organization]] upon demand an amount equal to the lesser of five percent (5%) of such unpaid sum or the maximum amount permitted by applicable law in order to defray the expense incurred by [[Lender:Organization]] in handling and processing such delinquent payment and to compensate [[Lender:Organization]] for the loss of the use of such delinquent payment, provided, however that no such late payment charge shall be due with respect to the principal amount of the Loan due on the Maturity Date. Any such amount shall be secured by the Mortgage and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal, interest or any other sum due under the Loan Documents, excluding the payment of principal due on the Maturity Date, is not paid by the Borrowers by the date on which it is due, the Borrowers shall pay to the Agent upon demand an amount equal to the lesser of # five percent (5.0%) of such unpaid sum, and # the maximum amount permitted by applicable law in order to defray the expense incurred by the Agent and the Lender in handling and processing such delinquent payment and to compensate the Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Mortgages and the other Loan Documents to the extent permitted by applicable law.

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.

Unless otherwise stipulated, the Borrower agrees to pay to the 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 five percent (5%) of any payment that is not paid within twelve (12) days after it is due. If principal and interest are payable at maturity, the 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 $10.00 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 and payable.

Late Charge. If Borrower fails to pay, within 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 [[Lender:Organization]] in connection with this Note, including, without limitation, any Escrow payment due and owing, Borrower shall immediately pay to the [[Lender:Organization]] a late charge equal to the greatest of # $50.00, # five percent (5%) of the delinquent amount or # the [[Lender:Organization]]’s then current late charge as announced from time to time. Notwithstanding the above, if this Note is secured by a 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 date.

Late Charge. If [[Borrower:Organization]] fails to pay, within 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 [[Bank:Organization]] in connection with this Note, including, without limitation, any Escrow payment due and owing, [[Borrower:Organization]] shall immediately pay to the [[Bank:Organization]] a late charge equal to the greatest of # $50.00, # five percent (5%) of the delinquent amount or # the [[Bank:Organization]]’s then current late charge as announced from time to time. Notwithstanding the above, if this Note is secured by a 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 date.