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Charge For Delinquent Installments
CHARGE FOR DELINQUENT INSTALLMENTS
If maker fails to pay any installment of this instrument when the installment is due and if the installment remains unpaid for a period of more than days after the due date of the installment, maker shall pay as a delinquency charge $ [Deliquent charge] Dollars for each overdue installment.
This is a UCC form. It is intended to be an addendum to other forms.