Payable to:
Department of Veterans Affairs
LOAN DIVISION
4201 38th St S, Suite 104
Fargo, North Dakota 58104-7535
Interest will be at the percentage rate, specified above, per annum, calculated on a daily basis beginning from the date of loan. One-half of the interest on each payment shall be waived at the termination of the loan if the borrower has made all prior payments of principal, interest and all fees are paid by final due date.
The department may assess and collect any late payment penalties of up to $15.00 for each late payment as well as a fee forany NSF items received by the North Dakota Department of Veterans Affairs.
If default is made in the payment of any installment of principal or interest, or any part of either, then and thereupon the entireprincipal sum remaining unpaid, with the interest accrued thereon shall, at the option of the Commissioner, Department ofVeterans Affairs, become at once due and payable without further notice.
The several makers, signers, guarantors and endorsers hereof waive presentment, demand, notice of dishonor and protestand consent that the time of payment may be extended or this note renewed without affecting their liability hereon.