Common use of Acceleration of Secured Obligations Clause in Contracts

Acceleration of Secured Obligations. Beneficiary may, without notice or demand, declare all of Grantor's indebtedness to Beneficiary secured hereunder or by any of the Security Documents immediately due and payable in full, including, but not limited to, the entire unpaid principal balance of the Note and all unpaid interest accrued thereon.

Appears in 2 contracts

Sources: Deed of Trust, Assignment of Rents and Security Agreement (St Mary Land & Exploration Co), Deed of Trust, Assignment of Rents and Security Agreement (St Mary Land & Exploration Co)