Common use of Additional Repayment Terms Clause in Contracts

Additional Repayment Terms. Borrower understands and agrees that, in addition to the required payments detailed in item 2 of this Note, as sole member of Windfall Investors, LLC, Borrower is required to remit to Lender a minimum $175,000.00 per lot sold on the real property located at the Northeast corner of Creston Road and Camp 8 Road in Creston, San ▇▇▇▇ Obispo County, California and bearing APN numbers ▇▇▇-▇▇▇-▇▇▇ and 003, and ▇▇▇-▇▇▇-▇▇▇ and 011 and owned by Windfall Investors LLC . Upon receipt, Lender shall apply any such proceeds as a special principal payment on the Commitment.

Additional Repayment Terms. Borrower understands and agrees that, in addition to the required payments detailed in item 2 of this Note, as sole member of Windfall Investors, LLC, Borrower is required to remit to Lender a minimum $175,000.00 per lot sold on the real property located at the Northeast corner of Creston Road and Camp 8 Road in Creston, San ▇L▇▇▇ Obispo County, California and bearing APN numbers ▇0▇▇-▇▇▇-▇▇▇ and 003, and ▇0▇▇-▇▇▇-▇▇▇ and 011 and owned by Windfall Investors LLC . Upon receipt, Lender shall apply any such proceeds as a special principal payment on the Commitment.