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EAGLE COLORADO THANK YOU QUINCY. I AM TRYING TO UNDERSTAND AS A BORROWER HOW THE WORDS OF THE LENDER SAYING WHO MAY REQUIRE COMPENSATION FOR INCOME TAX CONSEQUENCES LEGALLY MEANS TO ME AS A BORROWER. IF ASKED IF I GET A NEW MORTGAGE AND PAY OFF OUTSTANDING BALANCE-LENDER CAN ASK ME TO PAY HIS...
Borrower may repay the principal amount outstanding under this note, in whole or part,at any time without penalty except with consent of note holder,who may require compensation for adverse income tax consequences of such early payments. What does this who may require compensation for adverse...
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