Laserfiche WebLink
<br />2. <br /> <br />Payment Schedule: Principal and interest shall be payable as follows: <br /> <br />1. <br /> <br />First Payment: The first payment in the amount of $50.00 shall be <br />due on November 26,2004. <br /> <br />2. <br /> <br />Subsequent payments: Subsequent monthly payments in the <br />amount of $50.00 shall be due on Friday of each succeeding <br />week through and including December 31, 2004. <br /> <br />,., <br />J. <br /> <br />Final Payment: A final irregular payment of $56.34 shall be due <br />on January 7, 2005. <br /> <br />An amortization schedule is enclosed herein as Exhibit 1. <br /> <br />3. <br /> <br />Method of Payment: Payment must be made check mailed to the county at: <br />Cass County Treasurer <br />211 9th Street South <br />PO Box 2806 <br />Fargo ND 58108-2806 <br /> <br />4. <br /> <br />Application of Payments: Payments shall be applied first on accrued <br />interest and then on principal. <br /> <br />6. <br /> <br />Other Mortgages: The parties acknowledge that they know ofthe existence of no other <br />mortgages on the Property. <br /> <br />7. <br /> <br />Late Payment: Payments received subsequent to the due date shall be subject to a late <br />payment service charge in the amount of$15.00. lfthe service charge is not paid along <br />with the arrearage from which the service charge arose, then the amount of the service <br />charge shall add to the unpaid principal balance and shall become an amolmt immediately <br />due, together with interest from the date of default at the rate accruing on the unpaid <br />principal balance, under this Agreement. <br /> <br />8. <br /> <br />Prepayment of Principal: Unless otherwise provided in this Agreement, Repurchaser <br />shall have the right to fully or partially prepay this Agreement at any time without <br />penalty. Any partial prepayment shall be applied first to payment of the amounts then due <br />under this Agreement, including unpaid accrued interest, and the balance shall be applied <br />to the principal installments to be paid in the inverse order of their maturity. Partial <br />prepayment shall not postpone the due date of the installments to be paid pursuant to this <br />Agreement or change the amount of such installments. <br /> <br />9. <br /> <br />Acceleration of Principal Balance on Sale ("Due on Sale"): If the property is <br />conveyed, then the unpaid principal balance and accrued interest shall become <br />immediately due and payable. "Conveyance" shall include any transfer except the <br />following: <br /> <br />1. <br /> <br />Subordinate Encumbrance: The creation of a lien or encumbrance subordinate to <br />this agreement; <br /> <br />2. <br /> <br />Gift or Devise: A transfer by gift, devise, descent, or by operation of law upon the <br />death of a j oint tenant; or <br />