Orange County NC Website
<br />Years eleven through nineteen --Eleven Thousand One Hundred <br />Eight and DTo/100 Dollars ($:11,10$.00} annually on the <br />day of , commencing ~" r~!'r ~ ~ <br />2;005; <br />And a final payment of One. Hundred Seventy-Eight Thousand <br />Eight ~~nndred Thirty-Twottand No/':100 Dollars {$'I78832.00) on <br />the __ day of ' t_ , 2014, <br />If not s©oner paid, 'the entire re~tuainng indebtedness shall be <br />due and. ;payable- on ~'t ~.. '~~. . 2"`014. <br />If payable in installments, each such installment shall., <br />unless otherwise provided, be applied first to payment of interest. <br />then accrued: and due an the unpaid principal. balance., with the <br />remainder applied to the unpaid principal.:,:. <br />iTnless otherwise provided, this note may be prepaid in full.. or <br />in part at any tune withaut penalty or premium. Partial <br />prepayments shall be applied to installments due in reverse order <br />of`ther maturity. <br />Zn the event of ta) default in payment of any .installment of <br />principal or interest hereof as thee. same becomes due and such; <br />default is not cured within ten (; lO j days from the. due date , or { b <br />default under--the terarts of any :instrument: securing this note, and <br />such default is not cured within fifteen (],5} days after-written <br />notice:. to makez, then in either such event the. holder may without. <br />further notice, declare the remainder bf 'the principal sum,, <br />together with all. .interest accrued„ thereon, at once due and: <br />payable. Failure to exercise this option shall not constitute a. <br />2 <br />