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<br />continuing, the holder hereof may apply payments in its election <br /> <br />. <br /> <br />to principal or interest, <br /> <br />All payments shall be in lawful <br /> <br />money of the United States of America. <br /> <br />As used herein, the <br /> <br />term "Keiser Funding Date" shall mean the date on which the <br />undersigned funds the Keiser Loan and the "Greenberg Funding <br /> <br />Date" shall mean the date on which the undersigned funds the <br /> <br />Greenberg Loan. <br />This note may be prepaid in full or in part, without <br /> <br />prepayment penalty or premium, on any installment due date upon <br /> <br />thirty (30) days prior written notice to the holder of this note, <br /> <br /> <br />This note shall be prepaid concurrently with and to the extent <br /> <br />of any prepayment on any Borrower Note (as hereinafter defined), <br /> <br />. <br /> <br />Each such prepayment shall be applied to principal but the <br /> <br />undersigned shall continue to pay installments in the amounts <br /> <br />and at the times required in this note until principal and <br /> <br />interest on this note are paid in full. <br /> <br />Nothing herein <br /> <br />shall be deemed to prohibit the application to this note of the <br /> <br />proceeds of any payment received on an~ Borrower Note. <br /> <br />All <br /> <br />such proceeds so applied shall be applied to principal and <br /> <br />interest owing on this note in the same proportions and order <br />as were the corresponding payments on such Borrower Note, <br /> <br />. <br /> <br />If any installment is not paid within fifteen <br /> <br /> <br />(15) days from the date it is due, the undersigned promises to <br /> <br />pay upon demand a reasonable late fee or collection charge not <br /> <br />exceeding four percent (4%) of the unpaid amount, <br /> <br />1, <br /> <br />This note is issued (a) pursuant to (i) that <br /> <br />certain letter of interest ("Letter of Interest") from Bank to <br /> <br /> <br />the undersigned dated September 24, 1979 (subject to such <br /> <br />modifications therein as are in Bank's view consistent with the <br /> <br />understanding between Bank and the undersigned that the under- <br /> <br />-3- <br /> <br />t <br /> <br />~8 <br /> <br />5E <br />