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<br /> . �' � i�ediatply due and payable ati the optioo of the LCEE.
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<br /> '� �°�'� 6. In the eventi that Maker shall� aubeequent to tho date hereof� - -. r-
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<br /> � • ongage in tLrtiher borrowing� or beaome voluntarily indebted to any other - ,_
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<br />' � �� � lender, aithout the writiten aonsant of tha holder hereof� the entire ,,,i.
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<br /> rinoi al aum remaining unpaid hereunder, together aith aaorued interest, may �-_ � .,-=....��;�:�'�_
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<br /> � be declared iaomedietely due and payr�ble at bhe option of the LCEE. C:=R"`�"-_----� � ��-
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<br /> � �.��"' , � 7. In the event of default in the payment of any fnsta��menL of _
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<br /> : .- _ p�rfncipal or interest when due in accordanae aith the Lerms hereo�. or on s�:—_�. _
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<br /> � ° '' defan�lt in the performanae of a�y agreement contained in the marLgage or deed -��``��
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<br /> � � . � � , of trust sacuring payment of the Note, the entire prineipal a�am remaining . � �: -•'��-�°
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<br /> ' � �':�, � unpaid hereunder, together with aanrued interesE, may be declaa�ed iounediately � _.._, ��
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<br /> � � f;;�'�%` dLL@ and payabl@ 8t the Opt10n of the LCEF. �''`r�, �`'`"'�
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<br /> � �� 8. Any installment hereunder� oc any portion thereof� not paid when '�. ;'�P �
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<br /> • ' �� � due, whether at stated maturity or b}v declaratfon, shall bear int�resi aF�er ���°_--���'•"��a�'`;�,,�,�
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<br /> , �����5'y�y;,��'�:;.!�V,��:; � aaturity at the rate set forth hereunder, plus tao percent Z29�) per annum, 1, • �,�: , -_
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<br /> '� ''r? , `!�<<�;c,',��•, .. until paid, exoepti that such interest shall not exceed the maximum rate �'�•' f ' �'
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<br /> „���������_ permitted by law. Should interest not be paid when due� it shall thereafter � .���`�''-':'
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<br /> bear like in�erest as the principal, but such unpaid intereat so oompounded . ..,____
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<br /> ., sfnall not exaeed an amount equal to simple interest on the unpaid prinaipal � � . ":'�^_
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<br /> � , at the maximum rate permitted by law. i '��
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<br /> � • 9. Na delay, omission or indulgence by LCEE in exercising or enforcing ` `.r';
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<br /> , .. ,(;,;,.�.:�y��,,. any rights or remedies shall impair or affeat the same or be construed to be i �
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<br /> � ' •.;�:1.;,,• a waiver of or acquiescence in any default. Any single or partial exeroise .
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<br /> , , , ,� : ��.,l��';��',:: . of gny rights or remedies shall not preolude any other or further exercise _ , ,�„
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<br /> � � .� � � t�hereof. No waiver by the LCEE shall be valid unless in writing signed by ' �
<br /> � � sald LCEF. and thea� only to L�ee extent speoifically set forth in saim � ;, ;:�'
<br /> �'i;c'iit- 1 ' �,/ . .
<br /> ��';��.�'1� w�riting. . .
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<br /> 10. Time for the pay�ent and performance of each an all of the
<br /> abligatfons of ttee !ta[cer slzall be of the essence hereof.
<br /> ; � 11. The terms and provisions of this Agreement ar.ei che Vote shall in�re
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<br /> • � � Prepared by and ceturn to:
<br /> �
<br /> ;
<br /> � Kent D. Wilson. Asst. Loan Officer
<br /> Lutheran Church Extension Eund-
<br /> Missouri Synod
<br /> � �333 S. Kir{a+ood Road
<br /> st. Louis. MO 63�22
<br /> 5.
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