Common use of Acceleration of Indebtedness Clause in Contracts

Acceleration of Indebtedness. Grantee may immediately declare all or any portion of the Indebtedness to be immediately due and payable, whereupon the same shall be and shall become due and payable forthwith without presentment, demand, protest or notice of any kind, all of which are expressly waived by Grantor.

Appears in 2 contracts

Sources: Deed of Trust and Security Agreement, Deed of Trust and Security Agreement (Blue Ridge Real Estate Co)