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Mortgage Note
Mortgage Note contract clause examples

Promissory Note. The Loan shall be evidenced by, be repayable, and accrue interest in accordance with, the Promissory Note. Subject to the terms and conditions in this Agreement, the Promissory Note, and the other Loan Documents, Borrower may borrow, repay, and re-borrow under the Promissory Note in whole or in part (subject to Section 2.1(c)). The unpaid principal balance of the Promissory Note shall be repaid as provided therein.

The Loans and the Note. The obligation of Borrower to repay the aggregate unpaid principal amount of and interest on the Loan shall be evidenced by the Note setting forth the principal amount of the Loan and the payments due. Any failure by a Lender to obtain or retain the Note shall not limit or otherwise affect the obligations of Borrower to pay amounts due hereunder with respect to the Loan.

Section # Repayment of Loan. Subject to the terms and conditions of this Agreement, the Loan shall be repayable by the Applicant in accordance with the terms of the Promissory Note.

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