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."
[Your Name] [Your Address] [City, State, Zip Code] [Date] [Recipient's Name] [Recipient's Address] [City, State, Zip Code] Subject: San Antonio Texas Letter Tendering Full Payment of Existing Balance of Promissory Note Due to Acceleration or Prepayment of Note Dear [Recipient's Name], I hope this letter finds you in good health and high spirits. I am writing to formally tender full payment of the existing balance of the promissory note, due to the acceleration or prepayment of the note, as per our previous agreement. San Antonio Texas, known for its rich cultural heritage, vibrant city life, and diverse community, serves as the backdrop for this letter. San Antonio Texas, often referred to as the "Alamo City," is a bustling metropolis and the second-most populous city in Texas. Located in Bexar County, it is nestled in the southwestern region of the state. San Antonio has a unique blend of historical charm, natural beauty, and modern amenities, making it an attractive destination for residents and tourists alike. With its impressive historic sites, San Antonio stands as a testament to the rich history of Texas. The notable Alamo Mission, an iconic symbol of Texas independence, draws countless visitors each year. The city's Spanish colonial architecture, showcased in landmarks such as the San Antonio Missions National Historical Park, provides a glimpse into the harmonious fusion of cultures that shaped the area. Beyond its historical significance, San Antonio boasts a thriving cultural scene. The River Walk, a charming network of walkways along the San Antonio River, is a popular gathering place filled with restaurants, shops, and entertainment venues. The Pearl District, a former brewery turned creative hub, offers a plethora of trendy shops, culinary delights, and art spaces for both locals and tourists to explore. San Antonio is celebrated for its diverse community, where people from various backgrounds come together to create a vibrant tapestry of cultures. From annual events like Fiesta San Antonio, which showcases the city's rich Hispanic heritage, to vibrant arts festivals and multicultural celebrations, there is always something happening in this lively city. Now, returning to the matter at hand, I would like to express my intention to tender the full payment of the existing balance of the promissory note. Due to the acceleration or prepayment of the note, I have enclosed a certified check in the amount of [insert amount] to settle the outstanding balance. I kindly request that you acknowledge receipt of this payment in writing within [insert timeframe] days from the date of this letter. Should you require any additional information or documentation concerning the full payment or the acceleration of the promissory note, please do not hesitate to contact me at [Your Phone Number] or [Your Email Address]. I trust that this resolves our financial obligations and allows for a smooth and mutually satisfactory conclusion to our transaction. Thank you for your prompt attention to this matter. I appreciate your professionalism throughout this process and assure you of my commitment to fulfilling my financial obligations. Yours sincerely, [Your Name][Your Name] [Your Address] [City, State, Zip Code] [Date] [Recipient's Name] [Recipient's Address] [City, State, Zip Code] Subject: San Antonio Texas Letter Tendering Full Payment of Existing Balance of Promissory Note Due to Acceleration or Prepayment of Note Dear [Recipient's Name], I hope this letter finds you in good health and high spirits. I am writing to formally tender full payment of the existing balance of the promissory note, due to the acceleration or prepayment of the note, as per our previous agreement. San Antonio Texas, known for its rich cultural heritage, vibrant city life, and diverse community, serves as the backdrop for this letter. San Antonio Texas, often referred to as the "Alamo City," is a bustling metropolis and the second-most populous city in Texas. Located in Bexar County, it is nestled in the southwestern region of the state. San Antonio has a unique blend of historical charm, natural beauty, and modern amenities, making it an attractive destination for residents and tourists alike. With its impressive historic sites, San Antonio stands as a testament to the rich history of Texas. The notable Alamo Mission, an iconic symbol of Texas independence, draws countless visitors each year. The city's Spanish colonial architecture, showcased in landmarks such as the San Antonio Missions National Historical Park, provides a glimpse into the harmonious fusion of cultures that shaped the area. Beyond its historical significance, San Antonio boasts a thriving cultural scene. The River Walk, a charming network of walkways along the San Antonio River, is a popular gathering place filled with restaurants, shops, and entertainment venues. The Pearl District, a former brewery turned creative hub, offers a plethora of trendy shops, culinary delights, and art spaces for both locals and tourists to explore. San Antonio is celebrated for its diverse community, where people from various backgrounds come together to create a vibrant tapestry of cultures. From annual events like Fiesta San Antonio, which showcases the city's rich Hispanic heritage, to vibrant arts festivals and multicultural celebrations, there is always something happening in this lively city. Now, returning to the matter at hand, I would like to express my intention to tender the full payment of the existing balance of the promissory note. Due to the acceleration or prepayment of the note, I have enclosed a certified check in the amount of [insert amount] to settle the outstanding balance. I kindly request that you acknowledge receipt of this payment in writing within [insert timeframe] days from the date of this letter. Should you require any additional information or documentation concerning the full payment or the acceleration of the promissory note, please do not hesitate to contact me at [Your Phone Number] or [Your Email Address]. I trust that this resolves our financial obligations and allows for a smooth and mutually satisfactory conclusion to our transaction. Thank you for your prompt attention to this matter. I appreciate your professionalism throughout this process and assure you of my commitment to fulfilling my financial obligations. Yours sincerely, [Your Name]
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.
