Closed End Credit. You and I agree that I may borrow in aggregate an amount not to exceed the principal sum shown above. Amounts I repay under this Note may not be re-borrowed later. My right to borrow is subject to all other conditions and expires on . |X| INTEREST: I agree to pay interest on the outstanding principal balance from: May 05, 2006 at the rate of 7.750000% per year until the index rate changes. Variable Rate: This rate may then change as stated below. |X| Index rate: The future rate will be 0.000% ABOVE the following index rate: LENDER'S PRIME, WHICH IS THE BASE RATE USED BY LENDER TO SET INTEREST RATE AT WHICH LOANS ARE MADE TO VARIOUS CUSTOMERS. LOANS MAY NOT BE MADE AT, ABOVE OR BELOW SAID PRIME RATE. |_| No Index: The future rate will not be subject to any internal or external ________ it will be entirely in your control. |X| Frequency and Timing: The rate on this note may change as often as DAILY. A change in the interest rate will take effect WHEN THE INDEX RATE CHANGES. |X| Limitations: During the term of this loan, the applicable annual interest rate will not be more than ______% or less than 6.00% The rate may not change more than _____% each___________. Effect of Variable Rate: A change in the Interest rate will have the following effect on the payments: |X| The amount of each scheduled payment will change. |_| The amount of the final payment will change. |_| ----------------------------------------------------------------------- ACCRUAL METHOD: Interest will be calculated on a ACTUAL # DAYS/360 - DAY YEAR basis. POST MATURITY RATE: I agree to pay Interest on the unpaid balance of this note owing after maturity, and until paid in full, as stated below: |X| on the same fixed or variable rate basis in effect before maturity (as indicated above). |_| at a rate equal to ___________________________________________________. |X| LATE CHARGE: I agree to pay a late charge on the portion of any payment not made within 10 days after it is due equal to 5% OF THE UNPAID AMOUNT WITH A MINIMUM OF $25.00. |X| ADDITIONAL CHARGES: In addition to interest, I agree to pay the following charges which |_| are |X| are not included in the principal amount above: ---------------------------------------------------------------------------- $250.00 BANK PROCESSING FEE, ---------------------------------------------------------------------------- PAYMENTS: I agree to pay this note as follows: |X| Interest: I agree to pay accrued Interest MONTHLY Beginning June 20, 2006 ---------------------------------- -------------------------------------------------------------------------------- |X| Principal: I agree to pay the principal May 20, 2007 ------------------------------------ -------------------------------------------------------------------------------- |_| Installments: I agree to pay this note In _______ payments. The first payment of $ _____ will be due _________________. A payment of $ _______________ will be due __________________ thereafter. The final payment of the entire unpaid balance of principal and interest will be due __________________________.
Appears in 1 contract
Closed End Credit. You and I agree that I may borrow in aggregate an amount not to exceed the principal sum shown above. Amounts I repay under this Note may not be re-borrowed later. My right to borrow is (subject to all other conditions and expires on conditions) up to the maximum principal sum only one time. |X| INTEREST: I agree to pay interest on the outstanding principal balance from: May 05, 2006 from 03-18-2002______________________________________ at the rate of 7.7500005.250 % per year until the index rate changes03-19-2002. |X| Variable Rate: This rate may then change as stated below. |X| Index rateRate: The future rate will be 0.000% 0.500 PERCENT ABOVE the following index rate: LENDER'S PRIME, WHICH IS THE BASE HIGHEST RATE USED ON CORPORATE LOANS POSTED BY LENDER TO SET INTEREST RATE AT WHICH LOANS ARE MADE TO VARIOUS CUSTOMERS. LOANS MAY NOT BE MADE AT, ABOVE OR BELOW SAID LEAST 75% OF THE USAS THIRTY LARGEST BANKS KNOWN AS THE WALL STREET JOURNAL PRIME RATE. THE RESULT OF THIS CALCULATION WILL BE ROUNDED TO THE NEAREST 0.125 |_| No Index: The future rate will not be subject to any internal or external ________ it index. It will be entirely in your control. |X| Frequency and Timing: The rate on this note may change as often as DAILYEVERY DAY BEGINNING 03-19-2002 . A change in the interest rate will take effect WHEN ON THE INDEX RATE CHANGESSAME DAY . |X| |_| Limitations: During the term of this loan, the applicable annual interest rate will not be more than ______% or less than 6.00% than___%. The rate may not change more than _____% each___________. Effect of Variable Rate: A change in the Interest rate will have the following effect on the payments: |X| The amount of each scheduled payment will change. |_| The amount of the final payment will change. |_| ----------------------------------------------------------------------- ACCRUAL METHOD: Interest will be calculated on a ACTUAL # DAYS/360 - DAY YEAR basis. POST MATURITY RATE: I agree to pay Interest on the unpaid balance of this note owing after maturity, and until paid in full, as stated below: |X| on the same fixed or variable rate basis in effect before maturity (as indicated above). |_| at a rate equal to ___________________________________________________. |X| LATE CHARGE: I agree to pay a late charge on the portion of any payment not made within 10 days after it is due equal to 5% OF THE UNPAID AMOUNT WITH A MINIMUM OF $25.00. |X| ADDITIONAL CHARGES: In addition to interest, I agree to pay the following charges which |_| are |X| are not included in the principal amount above: ---------------------------------------------------------------------------- $250.00 BANK PROCESSING FEE, ---------------------------------------------------------------------------- PAYMENTS: I agree to pay this note as follows: |X| Interest: I agree to pay accrued Interest MONTHLY Beginning June 20, 2006 ---------------------------------- -------------------------------------------------------------------------------- |X| Principal: I agree to pay the principal May 20, 2007 ------------------------------------ -------------------------------------------------------------------------------- |_| Installments: I agree to pay this note In _______ payments. The first payment of $ _____ will be due _________________% each . Effect of Variable Rate: A change in the interest rate will have the following effect on the payments: |X| The amount of each scheduled payment will change. |X| The amount of $ _______________ the final payment will change. |_| . ACCRUAL METHOD: Interest will be due __________________ thereaftercalculated on a ACTUAL/360 basis. The final payment of POST MATURITY RATE: I agree to pay interest on the entire unpaid balance of principal this note owing after maturity, and interest will be due __________________________until paid in full, as stated below: |X| on the same fixed or variable rate basis in effect before maturity (as indicated above). |_| at a rate equal to . |X| LATE CHARGE: If a payment is made more than 10 days after it is due, I agree to pay a late charge of 5.000% OF THAT LATE AMOUNT .
Appears in 1 contract
Samples: American Church Mortgage Co
Closed End Credit. You and I agree that I may borrow in aggregate an amount not to exceed the principal sum shown above. Amounts I repay under this Note may not be re-borrowed later. My right to borrow is (subject to all other conditions and expires on conditions) up to the maximum principal sum only one time. |X| INTEREST: I agree to pay interest on the outstanding principal balance from: May 05, 2006 from __12/28/2005__ at the rate of 7.750000% __________8.250__% per year until the index rate changes_02/01/2006___________________. Variable Rate[ ] VARIABLE RATE: This rate may then change as stated below. |X| Index rate[ X ] INDEX RATE: The future rate will be 0.000___1.000% ABOVE ABOVE_____________ the following index rate: LENDER'S ___WALL STREET JOURNAL_______ __PRIME, WHICH IS . THE BASE RATE USED BY LENDER TO SET ON THIS NOTE MAY CHANGE AS OFTEN AS MONTHLY. INTEREST RATE AT WHICH LOANS ARE MADE TO VARIOUS CUSTOMERS. LOANS MAY NOT BE MADE AT, ABOVE OR BELOW SAID PRIME RATE. |_| No IndexCHANGES WILL_____________________________________ __OCCUR ON THE FIRST DAY OF THE MONTH FOLLOWING A CHANGE IN THE INDEX.________________________________________________________ [ ] NO INDEX: The future rate will not be subject to any internal or external ________ it index. It will be entirely in your control. |X| Frequency and Timing[ X ] FREQUENCY AND TIMING: The rate on this note may change as often as DAILY. A change in the interest rate will take effect WHEN THE INDEX RATE CHANGES. |X| Limitations: During the term of this loan, the applicable annual interest rate will not be more than __EVERY 1 MONTH______% or less than 6.00% The rate may not change more than _____% each__________________________. Effect of Variable Rate: A change in the Interest interest rate will have the following take effect on the payments: |X| The amount of each scheduled payment will change. |_| The amount of the final payment will change. |_| ----------------------------------------------------------------------- ACCRUAL METHOD: Interest will be calculated on a ACTUAL # DAYS/360 - DAY YEAR basis. POST MATURITY RATE: I agree to pay Interest on the unpaid balance of this note owing after maturity, and until paid in full, as stated below: |X| on the same fixed or variable rate basis in effect before maturity (as indicated above). |_| at a rate equal to ___02/01/2006________________________________________________________. |X| [ X ] LIMITATIONS: During the term of this loan, the applicable annual interest rate will not be more than _______18.000%_____ or less than _______________5.250_%. The rate may not change more than ________________% each ____1 MONTH___________. EFFECT OF VARIABLE RATE: A change in the interest rate will have the following effect on the payments: [ X ] The amount of each scheduled payment will change. [ ] The amount of the final payment will change. [ ] _______________________________________________________________________________________________________________________. ACCRUAL METHOD: Interest will be calculated on a __365/365_____________________________________ basis. POST MATURITY RATE: I agree to pay interest on the unpaid balance of this note owing after maturity, and until paid in full, as stated below: [ ] on the same fixed or variable rate basis in effect before maturity (as indicated above). [ X ] at a rate equal to ____18.000%_________________________________________________________________________________________. [ X ] LATE CHARGE: If a payment is made more than __10__ days after it is due, I agree to pay a late charge on the portion of any payment not made within 10 days after it is due equal to 5% OF THE UNPAID AMOUNT WITH A MINIMUM OF $25.00__5.000%_____________ _____________________________________________________________________________________________________________________________. |X| [ ] ADDITIONAL CHARGES: In addition to interest, I agree to pay the following charges which |_| [ ] are |X| [ ] are not included in the principal amount above: ---------------------------------------------------------------------------- $250.00 BANK PROCESSING FEE, ---------------------------------------------------------------------------- _________________________________________________________________________________________________. PAYMENTS: I agree to pay this note as followsfollows : |X| Interest[ X ] INTEREST: I agree to pay accrued Interest interest __MONTHLY Beginning June 20, 2006 ---------------------------------- -------------------------------------------------------------------------------- |X| PrincipalBEGINNING 02/01/2006______________________________________________________ ______________________________________________________________________________________________________________________________ [ X ] PRINCIPAL: I agree to pay the principal May 20, 2007 ------------------------------------ -------------------------------------------------------------------------------- |_| Installments__ON OR BEFORE 01/01/2007_____________________________________________________________ ______________________________________________________________________________________________________________________________ [ ] INSTALLMENTS: I agree to pay this note In in _______________ payments. The first payment will be in the amount of $ _____________ and will be due ______________________________ . A payment of $ $______________________ will be due ____________________________ ___________________________________________________________________________________thereafter. The final payment of the entire unpaid balance of principal and interest will be due __________________________.______________________________________________. PURPOSE: The purpose of this loan is _PURCHASE-NON HMDA____________________________________________________________________________. ADDITIONAL TERMS: 1. DEFAULT RATE: IF IN DEFAULT, THE INTEREST RATE SHALL BE 18.0% 2. THE TERMS AND CONDITIONS OF THE COMMITMENT DATED 12/15/05 ARE INCORPORATED HEREIN; IN EVENT OF CONFLICT BETWEEN THE COMMITMENT LETTER, MORTGAGE OR ANY LOAN DOCUMENTS, THE MORTGAGE AND LOAN DOCUMENTS SHALL CONTROL 3. THERE SHALL BE NO PREPAYMENT PENALTY FOR EARLY PAYMENT OR PAYOFF
Appears in 1 contract
Closed End Credit. You and I agree that I may borrow in aggregate an amount not up to exceed the principal sum shown above. Amounts I repay under this Note may not be re-borrowed later. My right to borrow is maximum only one time (and subject to all other conditions and expires on conditions). |X| INTEREST: I agree to pay interest on the outstanding principal balance from: May 05from MAY 12, 2006 1999 at the rate of 7.7500008.750% per year until the index rate changesFIRST CHANGE DATE. Variable RateXX VARIABLE RATE: This rate may then change as stated below. |X| Index rateXX INDEX RATE: The future rate will be 0.0001.000% ABOVE OVER the following index rate: LENDER'S PRIME, WHICH IS THE BASE RATE USED BY LENDER TO SET INTEREST RATE AT WHICH LOANS ARE MADE TO VARIOUS CUSTOMERS. LOANS MAY NOT BE MADE AT, ABOVE OR BELOW SAID CHASE MANHATTAN PRIME RATE. |_| No Index-------------------------------------------------------------------------- -------------------------------------------------------------------------- ___ NO INDEX: The future rate will not be subject to any internal or external ________ it index. It will be entirely in your control. |X| Frequency and TimingXX FREQUENCY AND TIMING: The rate on this note may change as often as DAILY. A change in the interest rate will take effect WHEN ON THE INDEX RATE CHANGES. |X| LimitationsSAME DAY ___ LIMITATIONS: During the term of this loan, the applicable annual interest rate will not be more than __________% or less than 6.00% ________%. The rate may not change more than __________% each_each __________. Effect of Variable RateEFFECT OF VARIABLE RATE: A change in the Interest interest rate will have the following effect on the paymentspayouts: |X| ___ The amount of each scheduled payment will change. |_| ___ The amount of the final initial payment will change. |_| ----------------------------------------------------------------------- XX THE AMOUNT DUE AT MATURITY WILL CHANGE. ACCRUAL METHOD: Interest will be calculated on a ACTUAL # DAYS/360 - DAY YEAR ACTUAL/365 basis. POST MATURITY RATE: I agree to pay Interest interest on the unpaid balance of this note owing after maturity, and until paid in full, as stated below: |X| ___ on the same fixed or variable rate basis in effect before maturity (as indicated above). |_| XX at a rate equal to ___________________________________________________18.00%. |X| XX LATE CHARGE: If a payment is made more than 10 days after it is due, I agree to pay a late charge on the portion of any payment not made within 10 days after it is due equal to 55.000% OF THE UNPAID AMOUNT LATE PAYMENT WITH A MINIMUM OF $25.005.00. |X| ADDITIONAL CHARGES: In addition to interest, I agree to pay the following charges which |_| are |X| are not included in the principal amount above: ---------------------------------------------------------------------------- $250.00 BANK PROCESSING FEE, ---------------------------------------------------------------------------- PAYMENTS: I agree to pay this note as follows: |X| Interest: I agree to pay accrued Interest MONTHLY Beginning June 20, 2006 ---------------------------------- -------------------------------------------------------------------------------- |X| Principal: I agree to pay the principal May 20, 2007 ------------------------------------ -------------------------------------------------------------------------------- |_| Installments: I agree to pay this note In _______ payments. The first payment of $ _____ will be due _________________. A payment of $ _______________ will be due __________________ thereafter. The final payment of the entire unpaid balance of principal and interest will be due __________________________.XX
Appears in 1 contract
Samples: Suncoast Bancorp Inc
Closed End Credit. You and I agree that I may borrow in aggregate an amount not to exceed the principal sum shown above. Amounts I repay under this Note may not be re-borrowed later. My right to borrow is (subject to all other conditions and expires on conditions) up to the maximum principal sum only one time. |X| INTEREST: I agree to pay interest on the outstanding principal balance from: May from OCTOBER 05, 2006 2001 at the rate of 7.7500005.5000 % per year ------------------- --------- until the index first schedule rate changes. Variable Ratechange - 10/05/02 ---------------------------------- [X] VARIABLE RATE: This rate may then change as stated below. |X| Index rate[X] INDEX RATE: The future rate will be 0.000% ABOVE Equal To the following index rate: LENDER'S PRIME, WHICH IS ------------- ------------------------------------------------ NEW YORK PRIME AS PUBLISHED IN THE BASE RATE USED BY LENDER TO SET INTEREST RATE AT WHICH LOANS ARE MADE TO VARIOUS CUSTOMERS. LOANS MAY NOT BE MADE AT, ABOVE OR BELOW SAID PRIME RATE. |_| No IndexWALL STREET JOURNAL -------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------------- [ ] NO INDEX: The future rate will not be subject to any internal or external ________ it index. It will be entirely in your control. |X| Frequency and Timing[X] FREQUENCY AND TIMING: The rate on this note may change as often as DAILYEvery Year . -------------------------------------------------------- A change in the interest rate will take effect WHEN THE INDEX RATE CHANGESOn Your Scheduled Rate Change Date If The Index Changes . |X| Limitations------------------------------------------------------------------------- [X] LIMITATIONS: During the term of this loan, the applicable annual interest rate will not be more than ______N/A % or less than 6.00% ------ N/A %. The rate may not change more than N/A % each N/A . ------------ -------------- ----------------------------------------------- EFFECT OF VARIABLE RATE: A change in the interest rate will have the following effect on the payments: [X] The amount of each scheduled payment will change. [X] The amount of the final payment will change. [ ] _____% each______________________________________________________________________________________________________________________. Effect of Variable Rate: A change in the Interest rate will have the following effect on the payments: |X| The amount of each scheduled payment will change. |_| The amount of the final payment will change. |_| ----------------------------------------------------------------------- ACCRUAL METHOD: Interest will be calculated on a ACTUAL # DAYS/360 - DAY YEAR 365/360 basis. ------------------------------- POST MATURITY RATE: I agree to pay Interest interest on the unpaid balance of this note owing after maturity, and until paid in full, as stated below: |X| [X] on the same fixed or variable rate basis in effect before maturity (as indicated above). |_| [ ] at a rate equal to ___________________________________________________. |X| LATE CHARGE: I agree to pay a late charge on the portion of any payment not made within 10 days after it is due equal to 5% OF THE UNPAID AMOUNT WITH A MINIMUM OF $25.00. |X| ADDITIONAL CHARGES: In addition to interest, I agree to pay the following charges which |_| are |X| are not included in the principal amount above: ---------------------------------------------------------------------------- $250.00 BANK PROCESSING FEE, ---------------------------------------------------------------------------- PAYMENTS: I agree to pay this note as follows: |X| Interest: I agree to pay accrued Interest MONTHLY Beginning June 20, 2006 ---------------------------------- -------------------------------------------------------------------------------- |X| Principal: I agree to pay the principal May 20, 2007 ------------------------------------ -------------------------------------------------------------------------------- |_| Installments: I agree to pay this note In _______ payments. The first payment of $ _____ will be due _________________. A payment of $ _______________ will be due __________________ thereafter. The final payment of the entire unpaid balance of principal and interest will be due __________________________.___________________________. [X] LATE CHARGE: If a payment is made more than 10 days after it is due, I agree to pay a late charge of _________________. ------------ 5.0% of payment [ ] ADDITIONAL CHARGES : In addition to interest, I agree to pay the following charges which [ ] are [ ] are not included in the principal amount above: _____________________________________________________________________________________________________. PAYMENTS: I agree to pay this note as follows: [ ] INTEREST: I agree to pay accrued interest On Demand ------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------- [ ] PRINCIPAL: I agree to pay the principal On Demand --------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------- [X] INSTALLMENTS: I agree to pay this note in 40 payments. The first payment will be in the amount of $ 327,889.20 --------- --------------------- and will be due JANUARY 05, 2002 . A payment of $ 327,889.20 will be due ---------------------------------- ------------ --------------------------------- Quarterly thereafter. The final payment of the entire unpaid balance of ------------------------------------------------------ principal and interest will be due OCTOBER 05, 2011 . ----------------------------------------------------------------------- PURPOSE: The purpose of this loan is ______________________________________________________________________________________________. ADDITIONAL TERMS: SEE ADDITIONAL TERMS TO LOAN ATTACHED SECURITY
Appears in 1 contract
Closed End Credit. You and I agree that I may borrow in aggregate an amount not up to exceed the principal sum shown above. Amounts I repay under this Note may not be re-borrowed later. My right to borrow is maximum only one time (and subject to all other conditions and expires on condition). |X| INTEREST: I agree to pay interest on the outstanding principal balance from: May 05, 2006 from 6/12/2002 at the rate of 7.7500006.170% per year until the index rate changespaid in full. [_] Variable Rate: This rate may then change as stated below. |X| [_] Index rateRate: The future rate will be 0.000% ABOVE the following index rate: LENDER'S PRIME, WHICH IS THE BASE RATE USED BY LENDER TO SET INTEREST RATE AT WHICH LOANS ARE MADE TO VARIOUS CUSTOMERS. LOANS MAY NOT BE MADE AT, ABOVE OR BELOW SAID PRIME RATE. |_| No Index: The future rate will not be subject to any internal or external ___________________ it will be entirely in your controlthe following index rate:_______________________________________________________________ ________________________________________________________________________________ [_] Ceiling Rate: The interest rate ceiling for this note is the _________ ceiling rate announced by the Credit Commissioner from time to time. |X| [_] Frequency and Timing: The rate on this note may change as often as DAILY. A change in the interest rate will take effect WHEN THE INDEX RATE CHANGES. |X| Limitations: During the term of this loan, the applicable annual interest rate will not be more than ______% or less than 6.00% The rate may not change more than _____% each___________. Effect of Variable Rate: A change in the Interest rate will have the following effect on the payments: |X| The amount of each scheduled payment will change. |_| The amount of the final payment will change. |_| ----------------------------------------------------------------------- ACCRUAL METHOD: Interest will be calculated on a ACTUAL # DAYS/360 - DAY YEAR basis. POST MATURITY RATE: I agree to pay Interest on the unpaid balance of this note owing after maturity, and until paid in full, as stated below: |X| on the same fixed or variable rate basis in effect before maturity (as indicated above). |_| at a rate equal to ______________________________________________________________. |X| LATE CHARGE: I agree to pay a late charge on the portion of any payment not made within 10 days after it is due equal to 5% OF THE UNPAID AMOUNT WITH A MINIMUM OF $25.00. |X| ADDITIONAL CHARGES: In addition to interest, I agree to pay the following charges which |_| are |X| are not included change in the principal amount above: ---------------------------------------------------------------------------- $250.00 BANK PROCESSING FEE, ---------------------------------------------------------------------------- PAYMENTS: I agree to pay this note as follows: |X| Interest: I agree to pay accrued Interest MONTHLY Beginning June 20, 2006 ---------------------------------- -------------------------------------------------------------------------------- |X| Principal: I agree to pay the principal May 20, 2007 ------------------------------------ -------------------------------------------------------------------------------- |_| Installments: I agree to pay this note In _______ payments. The first payment of $ _____ will be due _________________. A payment of $ _______________ will be due __________________ thereafter. The final payment of the entire unpaid balance of principal and interest will be due take effect __________________________.________________________________________________ [_] Limitations: During the term of this loan, the applicable annual interest rate will not be more than N/A % or less than N/A %. The rate may not change more than N/A % each N/A %. Effect of Variable Rate: A change in the interest rate will have the following effect on the payment: [_] The amount of each scheduled payment will change. [_] The amount of the final payment will change. [_]_______________________________________________________________________ ACCRUAL METHOD: Interest will be calculated on a ACTUAL/360 DAY basis. POST MATURITY RATE: I agree to pay interest on the unpaid balance of this note owing after maturity, and until paid in full, as stated below: [X] on the same fixed or variable rate basis in effect before maturity (as indicated above). [_] at the rate equal to _________________________________________________ [_] LATE CHARGE: If a payment is made more than ______ days after it is due, I agree to pay a late charge of___________________________________________________ ________________________________________________________________________________ [_] ADDITIONAL CHARGES: In addition to interest, I agree to pay the following charges which [_] are [_] are not included in the principal amount above: ____________________________________________________________________________ PAYMENTS: I agree to pay this note as follows: [_] Interest: I agree to pay accrued interest ________________________________________________________________________________ ________________________________________________________________________________ [_] Principal: I agree to pay the principal ____________________________________ ________________________________________________________________________________ [X] Installments: I agree to pay this note in 36 payments. The first payment will be in the amount of $30,535.75 and will be due 7/12/2002. A payment of $30,535.75 will be due 12TH OF EACH MONTH thereafter. The final payment of the entire unpaid balance of the principal and interest will be due 6/12/2005. ADDITIONAL TERMS;
Appears in 1 contract
Samples: Overhill Corp
