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What is Amortized System Development Charge Note about?

This document is a promissory note for an amortized system development charge (ASDC) between a borrower and the Guam Waterworks Authority (GWA). The borrower promises to repay GWA the principal sum plus interest in monthly installments over a set period of time. The note details terms of repayment, prepayment, default, collection of fees, notices, and acknowledgement that the ASDC is not transferable and must be paid in full if the property is sold before repayment is complete.

Author

Christian Doria

Language

EN