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5.0 If any monthly installment or a required payment of principal and interest <br /> under this Note is not paid when due and remains unpaid for a period of three (3) full <br /> months, after application of any partial payments which may have been accepted but not yet <br /> applied to the mortgage account, the entire principal amount outstanding, accrued interest <br /> thereon and any other amounts described in this Note, shall at once become due and payable <br /> at the option of the Lender. The Lender may exercise this option to accelerate during any <br /> default by Borrower regardless of any prior forbearance. If suit is brought to collect this <br /> Note, the Lender shall be entitled to collect all reasonable costs and expenses of suit, <br /> including, but not limited to, reasonable attorneys' fees. <br /> 6.0 Borrower shall pay to the Lender a late charge of five percent (5 %) of any <br /> monthly installment not received by the Lender within fifteen (15) days after the installment <br /> is due. <br /> 7.0 Notice of dishonor or protest are hereby waived by all makers, sureties, <br /> guarantors and endorsers of this Note. This Note shall be the joint and several obligation of <br /> all makers, sureties, guarantors and endorsers, and shall be binding upon them and their <br /> successors and assigns. <br /> 8.0 Any notice to Borrower provided for in this Note shall be given by mailing <br /> such notice by certified mail addressed to Borrower at the Property Address stated below, or <br /> to such other address as Borrower may designate by notice to the Lender. Any notice to the <br /> Lender shall be given by mailing such notice by certified mail, return receipt requested, to <br /> the Lender at the following address or at such other address as may have been designated by <br /> notice to Borrower: <br /> City of Pleasanton <br /> City Manager <br /> 123 Main Street <br /> Pleasanton, CA 94566 -0802 <br /> Address of Borrower: <br /> 9.0 The indebtedness evidenced by this Note is secured by a Deed of Trust, dated <br /> , and reference is made to the Deed of Trust for rights as to <br /> acceleration of the indebtedness evidenced by this Note, including Section 20 of the Deed of <br /> Trust which provides as follows: <br /> - 5 - <br />