Upon default of payment of any installment of this note or in the event money borrowed on the note is not used for the purpose set forth in this application or in the case of misrepresentation of misstatement made by the borrower or co-maker in obtaining this loan or in case the holder shall deem the security thereof unsafe for any reason whatsoever, then this note, or so much thereof as may remain unpaid shall at the option of the holder immediately become due and payable. In the event of default the maker hereof pledge any shares owed or hereinafter held by the society as additional security for the payment of the obligation and I/we authorize the Treasurer to apply any or all such shares or payment on shares to payment of this loan, interest, cost expenses, also, if the holder hereof after default shall place this note in the hands of a solicitor(or approved agent or collector) for collection, the undersigned agrees to pay an additional sum as a fee collection equal to thirty percent or such other percentage and of change in fees and approved by the board at the time of referral for collection of the current obligation which was deemed unpaid at the date of referral to the solicitor and/or collector. Such charge for collection in one event is to be less than one hundred dollars. In the event of termination of my services by me or my employer to deduct the unpaid balance of this loan from all or any monies due to me at the time of such termination and if the said amount is not paid, I shall authorize my new employer within or outside St. Lucia to pay the said unpaid balance of this loan to Dennery community Credit co-operative Society Limited whether demanded by the Credit Union or not. In the event of severing duties with another employer within the State of St. Lucia, I shall continue to recognize the conditions of repayments as set out in the loan agreement by notifying my new employer in this particular case, through the management of the Dennery Community Credit Co-operative Society Limited. I agree to repay in full the amount outstanding to the date of my termination.