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] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP Code] Subject: 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. The purpose of this correspondence is to officially tender full payment of the existing balance of the promissory note in accordance with the terms outlined in the agreement. Due to acceleration or prepayment of the note, I am eager to settle the remaining balance promptly. As per the promissory note signed on [Date], I am enclosing a certified check for the full outstanding balance amount of [Insert Amount]. This payment represents the principal balance, along with any accrued interest and other charges that may have been incurred up until [Insert Payment Date]. It is my sincere desire to fulfill my obligations promptly and settle all outstanding liabilities associated with the promissory note. I kindly request that you provide me with a written confirmation acknowledging the receipt of the full payment. This confirmation should include details such as the payment date, the amount received, and a statement declaring the termination of the promissory note, along with any related obligations or liens. This confirmation will serve as a crucial document for my records and future reference. In the event that there are any outstanding charges, fees, or interest that have not been properly captured in the provided balance, please do not hesitate to inform me immediately. I am committed to resolving any discrepancies swiftly and ensuring that all financial matters related to the promissory note are accurately accounted for. Maricopa, Arizona is a thriving city located in Pinal County, with a population of approximately 55,000 residents. Nestled just south of the state capital, Phoenix, Maricopa offers a unique blend of small-town charm and modern amenities. Whether you are exploring the beautiful natural landscapes or immersing yourself in the vibrant local culture, Maricopa has something to offer everyone. In conclusion, I would like to extend my gratitude for the opportunity to negotiate this settlement and resolve the full payment of the existing balance of the promissory note. I aim to fulfill my financial obligations diligently, and I appreciate your cooperation in facilitating a smooth and efficient process. Please do not hesitate to contact me should you have any questions or require additional information. Thank you for your attention to this matter. Sincerely, [Your Name][Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP Code] Subject: 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. The purpose of this correspondence is to officially tender full payment of the existing balance of the promissory note in accordance with the terms outlined in the agreement. Due to acceleration or prepayment of the note, I am eager to settle the remaining balance promptly. As per the promissory note signed on [Date], I am enclosing a certified check for the full outstanding balance amount of [Insert Amount]. This payment represents the principal balance, along with any accrued interest and other charges that may have been incurred up until [Insert Payment Date]. It is my sincere desire to fulfill my obligations promptly and settle all outstanding liabilities associated with the promissory note. I kindly request that you provide me with a written confirmation acknowledging the receipt of the full payment. This confirmation should include details such as the payment date, the amount received, and a statement declaring the termination of the promissory note, along with any related obligations or liens. This confirmation will serve as a crucial document for my records and future reference. In the event that there are any outstanding charges, fees, or interest that have not been properly captured in the provided balance, please do not hesitate to inform me immediately. I am committed to resolving any discrepancies swiftly and ensuring that all financial matters related to the promissory note are accurately accounted for. Maricopa, Arizona is a thriving city located in Pinal County, with a population of approximately 55,000 residents. Nestled just south of the state capital, Phoenix, Maricopa offers a unique blend of small-town charm and modern amenities. Whether you are exploring the beautiful natural landscapes or immersing yourself in the vibrant local culture, Maricopa has something to offer everyone. In conclusion, I would like to extend my gratitude for the opportunity to negotiate this settlement and resolve the full payment of the existing balance of the promissory note. I aim to fulfill my financial obligations diligently, and I appreciate your cooperation in facilitating a smooth and efficient process. Please do not hesitate to contact me should you have any questions or require additional information. Thank you for your attention to this matter. Sincerely, [Your Name]
