Unpaid late fees, principal amounts, and interest more than 15 days late accrue interest at the maximum rate of the annual interest allowed in Colorado until the Borrower cures their default of this Note.
5. Terms and Conditions
The Borrower, their guarantors, sureties, and endorsers waive notice of dishonor, presentment for payment, protest, and notice of protest.
5.2 Successors and Assigns
This Note inures to the benefit of and is binding to the respective heirs, successors, administrators, executors, and assigns of the Borrower. The Borrower requires the prior written consent of the Lender to transfer or assign this Note and its duties and rights.
5.3 Joint and Several Liability
Should there be more than one Borrower, the Borrowers are jointly and severally liable for this Note.
Should either party want to amend this Note, they must do it in writing, with both parties signing the new agreement, which voids the previous one. No verbal or other agreements affect or modify the terms of this Note.
Should any part of this Note be declared void by a court of law or become unenforceable, it will become severed from the Note, and the remaining provisions will be in full force and effect.
Any notice or communication under this Note must be in writing and sent via one of the following options: [Lender.Phone], [Lender.Email], or mailed to [Lender.StreetAddress][Lender.City][Lender.State][Lender.PostalCode].