A sample of an acceleration clause in a promissory note would be: "the failure to pay any installment when due shall mature the entire indebtedness at the option of the holder of this Note." A sample of a prepayment clause in a promissory note would be: "the undersigned may prepay the principal amount outstanding in whole or in part without penalty."
Miami-Dade Florida Letter Tendering Full Payment of Existing Balance of Promissory Note Due to Acceleration or Prepayment of Note Dear [Recipient's Name], I am writing to formally tender full payment of the existing balance on the Promissory Note, which is due to be accelerated or prepaid. As per the terms of our agreement, I would like to settle the outstanding balance in its entirety. Miami-Dade County, located in southeastern Florida, is a vibrant and bustling region renowned for its stunning beaches, diverse cultural heritage, and thriving business ecosystem. With its vast expanse of coastal beauty, Miami-Dade has become a prime destination for tourists, investors, and residents alike. In the context of financial matters, Miami-Dade Florida offers a range of opportunities for personal and professional growth. As a result, many individuals, like myself, have availed themselves of financial instruments such as promissory notes to facilitate transactions and investments. The Promissory Note, signed on [date], outlines the terms and conditions agreed upon between the lender and borrower. However, owing to certain circumstances, I now find it necessary to accelerate or prepay the balance due on the note. By providing this letter, I affirm my intention to satisfy the financial obligation in full. I have enclosed a certified bank check or electronic transfer of [specific amount] representing the current outstanding balance, inclusive of any accrued interest, fees, or charges. It is important to note that there may be specific types of Miami-Dade Florida Letters Tendering Full Payment of Existing Balance of Promissory Notes Due to Acceleration or Prepayment. These may include: 1. Prepayment Letter: In this scenario, the borrower seeks to pay the full balance before the agreed-upon maturity date, primarily to save on interest costs or to satisfy contractual requirements. 2. Acceleration Letter: An acceleration letter is sent by the lender, requesting immediate repayment of the entire outstanding balance due to default or breach of contract by the borrower. 3. Partial Prepayment Letter: This letter is used when the borrower wants to pay off a portion of the outstanding balance in advance while continuing regular payments for the remaining balance. Please confirm receipt of this letter and the enclosed payment within [specific time frame]. Upon verification, I would appreciate your assistance in providing a written acknowledgment of the final settlement and full satisfaction of the Promissory Note. Thank you for your prompt attention to this matter. Should you have any queries or require further documentation, please do not hesitate to contact me at [phone number] or [email address]. Yours sincerely, [Your Name] [Your Address] [City, State, ZIP Code] [Date]Miami-Dade Florida Letter Tendering Full Payment of Existing Balance of Promissory Note Due to Acceleration or Prepayment of Note Dear [Recipient's Name], I am writing to formally tender full payment of the existing balance on the Promissory Note, which is due to be accelerated or prepaid. As per the terms of our agreement, I would like to settle the outstanding balance in its entirety. Miami-Dade County, located in southeastern Florida, is a vibrant and bustling region renowned for its stunning beaches, diverse cultural heritage, and thriving business ecosystem. With its vast expanse of coastal beauty, Miami-Dade has become a prime destination for tourists, investors, and residents alike. In the context of financial matters, Miami-Dade Florida offers a range of opportunities for personal and professional growth. As a result, many individuals, like myself, have availed themselves of financial instruments such as promissory notes to facilitate transactions and investments. The Promissory Note, signed on [date], outlines the terms and conditions agreed upon between the lender and borrower. However, owing to certain circumstances, I now find it necessary to accelerate or prepay the balance due on the note. By providing this letter, I affirm my intention to satisfy the financial obligation in full. I have enclosed a certified bank check or electronic transfer of [specific amount] representing the current outstanding balance, inclusive of any accrued interest, fees, or charges. It is important to note that there may be specific types of Miami-Dade Florida Letters Tendering Full Payment of Existing Balance of Promissory Notes Due to Acceleration or Prepayment. These may include: 1. Prepayment Letter: In this scenario, the borrower seeks to pay the full balance before the agreed-upon maturity date, primarily to save on interest costs or to satisfy contractual requirements. 2. Acceleration Letter: An acceleration letter is sent by the lender, requesting immediate repayment of the entire outstanding balance due to default or breach of contract by the borrower. 3. Partial Prepayment Letter: This letter is used when the borrower wants to pay off a portion of the outstanding balance in advance while continuing regular payments for the remaining balance. Please confirm receipt of this letter and the enclosed payment within [specific time frame]. Upon verification, I would appreciate your assistance in providing a written acknowledgment of the final settlement and full satisfaction of the Promissory Note. Thank you for your prompt attention to this matter. Should you have any queries or require further documentation, please do not hesitate to contact me at [phone number] or [email address]. Yours sincerely, [Your Name] [Your Address] [City, State, ZIP Code] [Date]
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
