Common use of Default; Acceleration Clause in Contracts

Default; Acceleration. Lender shall have the optional right to declare the amount of the total unpaid balance hereof to be due and forthwith payable in advance of the maturity date of any sum due or installment, as fixed herein, after notice and cure rights have been given in accordance with the terms and conditions in the Mortgage securing this Note, upon the occurrence of any material failure to perform in accordance with any of the terms and conditions in the Mortgage securing this Note.

Default; Acceleration. The Lender shall have the optional right to declare the amount of the total unpaid balance hereof to be due and forthwith payable in advance of the maturity date of any sum due or installment, as fixed herein, after notice and cure rights have has been given in accordance with the terms and conditions in the Mortgage securing this Note, upon the occurrence of any material event or failure to perform in accordance with any of the terms and conditions in the Mortgage securing this said Mortgage, Note, ▇▇▇▇ or HOME Agreement.