Austin Texas Letter Tendering Full Payment of Existing Balance of Promissory Note Due to Acceleration or Prepayment of Note

State:
Multi-State
City:
Austin
Control #:
US-01256BG
Format:
Word; 
Rich Text
Instant download

Description

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."

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Austin Texas Letter Tendering Full Payment of Existing Balance of Promissory Note Due to Acceleration or Prepayment of Note