Installment payment agreement template docInstallment Payment Agreement • February 4th, 2022
Contract Type FiledFebruary 4th, 2022It is to be made in the first place for any transaction that has money lending or borrowing in it. Therefore, this type of contract is very highly used in money transactions due to its salient features. Have to made to the lender for writing off the amount gradually. Acceleration of Debt If any payment obligation under this Note is not paid when due, the remaining unpaid principal balance, and any accrued interest shall become due immediately at the option of the Lender. III. No delay in enforcing any right of the Lender under this Note, or assignment by Lender of this Note, or failure to accelerate the debt evidenced hereby by reason of default in the payment of a monthly installment or the acceptance of a past-due installment shall be construed as a waiver of the right of Lender to thereafter insist upon strict compliance with the terms of this Note without notice being given to Borrower. Payment Loan Agreement templates or an Installment Agreement. COLLECTION COSTS If any payment ob