Interest: Seven and 07/100ths percent (7.07%) per year .
1. The expression of this Note includes the Interim Term plus the Base Term. The Interim Term starts from the recognition Date and continues as much as the Commencement Date regarding the Base Term. The recognition Date may be the date that Lender takes this Note by initially disbursing major hereunder. Then the Commencement Date shall be the Acceptance Date; if the Acceptance Date is on or after the second (2nd) day of the month and up to and including the fourteenth (14th) day of the month, then the Commencement Date shall be the fifteenth (15th) day of such month; and if the Acceptance Date is on or after the sixteenth (16th) day of the month and up to the last day of the month, then the Commencement Date shall be first (1st) day of the month following the Acceptance Date if the Acceptance Date is on the first (1st) day of the month or the fifteenth (15th) day of the month. The Base Term begins from the Commencement Date and continues when it comes to quantity of months following the Commencement Date as mentioned in area 3 below.
2. In the event that recognition Date is prior to the Commencement Date, then regarding the Commencement Date associated with the Base Term, Borrower shall spend one installment of great interest just in relation to the amount of times into the Interim Term.
3. Through the Base Term, Borrower shall spend installments of interest and principal in the quantities as well as on www.installment-loans.org/payday-loans-ga/ the dates stated below:
(a) Base Term: 120 months
(b) number of each installment re payment due throughout the Base Term (includes principal and interest):
(c) the initial installment repayment throughout the Base Term will probably be compensated 30 days following the Commencement Date and all sorts of subsequent payments will probably be compensated on a single time of every thirty days thereafter until compensated in complete.