Examples of First Installment Due Date in a sentence
PreModification First Installment Due Date - If Loan Purpose (item 35) is a “Loan Modification –HAMP” or “Loan Modification – non-HAMP” report the original first scheduled installment due prior to the modification (First Payment Due Date prior to the modification.
The Installment Due Date for the first monthly installment payment under Section 3(d) of interest-only or principal and interest, as applicable, will be the First Installment Due Date set forth in Section 1(a) of this Note.
Borrower must make a payment every month on the first day of each month (each, an “Installment Due Date”) commencing on the First Installment Due Date and continuing on each Installment Due Date thereafter until and including the monthly payment due on the Maturity Date; provided that, if the applicable Installment Due Date is not a Business Day, the Installment Due Date will be the next succeeding Business Day, except as otherwise expressly provided in this Note.
If Xxxxxx disburses the Loan Amount to Borrower on the first day of a month, then no payment will be due from Borrower at the time of the execution of this Note and the Installment Due Date for the first monthly payment under Section 3 of interest-only or principal and interest, as applicable, will be the First Installment Due Date set forth in Section 1 of this Note.
If Section 1 specifies an Interest-Only Period, then beginning on the First Installment Due Date, each monthly payment during the Interest-Only Period will only be for the amount of accrued interest due on the unpaid principal balance of this Note.