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2003-003-PEDCR
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2003-003-PEDCR
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Last modified
8/18/2006 4:35:26 PM
Creation date
5/27/2004 1:36:01 PM
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CITY CLERK
Doc Name
2003
Doc Type
Resolution
CITY CLERK - Date
4/16/2003
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<br />pay the amount by a certain date, the Note Holder may require me to pay immediately the full <br />amount of principal which has not been paid and all the interest that I owe on that amount. That <br />date must beat least 30 days after the date on which the notice is delivered or mailcd to me. <br /> <br />(D) No Waiver By Note Holder <br /> <br />Even if, at a time when I am in derault, the Note Holder does not require me to pay <br />immediately in full as described above, the Note Holder will still have th~ right to do so if I am <br />in default at a later time. <br /> <br />(E) Payment of Note Holder's Costs und Expenses <br /> <br />If the Note Holder has required me to pay immediately in full as described above, the <br />Note Holder will have the right to be paid back by me for all of its costs and expenses in <br />enforcing this Note to the extent not prohibited by applicable law. Those expenses include, for <br />example, reasonable attorneys' fees. <br /> <br />8. <br /> <br />GIVING OF NOTICES <br /> <br />Unless applicable law requires a different method, any notice that must be given to me <br />under this Note will be given by delivering it or by mailing it by first class mail to me at 800 <br />West Center Street, Paris, Texas 75460 or at a different address if! give the Note Holder a notice <br />of my different address. <br /> <br />Any notice that must be given to the Note Holder under this Note will be given by <br />mailing it by first class mail to the Note Holder at the address stated in Section 3(A) above or at a <br />different address if I am given a notice of that different address. <br /> <br />9. <br /> <br />OBLIGA nONS OF PERSONS UNDER THIS NOTE <br /> <br />If more than one person signs this Note, each person is fully and personally obligated to <br />keep all of the promises made in this Note, including the promise to pay the full amount owed. <br />Any person who is a guarantor, surety or endorser of this Note is also obligated to do these <br />things. Any person who takes over these obligations, including the obligations of a guarantor, <br />surety or endorser of this Note, is also obligated to keep all of the promises in this Note. The <br />Note Holder may enforce its rights under this Note against each person individually or against all <br />of us together. This means that anyone of us may be required to pay all of the amounts owed <br />under this Note. <br /> <br />10. <br /> <br />WAIVERS <br /> <br />I and any other person who has obligations under this Note waive notice of intention to <br />accelerate, except as provided in Section 6(C) above, and the rights or presentment and notice of <br />dishonor. "Presentment" means the right to require the Note Holder to demand payment of <br />amounts due. "Notice of dishonor" means the right to require the Note Holder to give notice to <br />other persons that amounts due have not been paid. <br /> <br />3 <br /> <br />--------.----- .-- ---------~- <br />
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