# Acceleration Clause Agreement
**This Acceleration Clause Agreement ("Agreement") is made and entered into as of [Date], by and between:**
**[Lender's Name]**
[Address]
[City, State, Zip Code]
(Hereinafter referred to as "Lender")
AND
**[Borrower's Name]**
[Address]
[City, State, Zip Code]
(Hereinafter referred to as "Borrower")
## Recitals
WHEREAS, Borrower has executed a promissory note dated [Date of Note] in favor of the Lender for a principal amount of $[Loan Amount] (the "Note") and secured by [describe security, e.g., a mortgage, deed of trust, etc.];
WHEREAS, the parties wish to include an acceleration clause in the Note to define the circumstances under which the Lender may demand immediate payment of the entire outstanding balance of the loan;
NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, the adequacy of which is hereby acknowledged, the parties agree as follows:
## 1. Acceleration Clause
### 1.1 Events of Default
The following events shall constitute an "Event of Default" under this Agreement and the Note:
1. Failure of the Borrower to make any payment due under the Note within [Number of Days] days of its due date.
2. Breach of any covenant, warranty, or representation made by the Borrower in the Note or this Agreement.
3. Such other events or conditions as may be specified in the Note.
### 1.2 Acceleration of Debt
Upon the occurrence of an Event of Default, the Lender may declare the entire unpaid principal amount, accrued interest, and all other amounts due under the Note to be immediately due and payable. The Lender shall provide written notice to the Borrower of such declaration, and such amounts shall be payable upon receipt of such notice.
## 2. Waiver of Notice
The Borrower waives any requirement for notice of default or opportunity to cure prior to the Lender exercising its rights under this acceleration clause.
## 3. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of [State].
## 4. Amendments
This Agreement may only be amended in writing signed by both the Lender and Borrower.
## 5. Entire Agreement
This Agreement constitutes the entire agreement between the parties regarding the acceleration of the loan and supersedes all prior agreements and understandings, whether written or oral, relating to the subject matter herein.
## 6. Indemnification
Borrower agrees to indemnify and hold harmless the Lender from any claims, losses, or damages resulting from the Borrower’s default under this Agreement.
## 7. Signatures
IN WITNESS WHEREOF, the parties hereto have executed this Acceleration Clause Agreement as of the date first above written.
---
**Lender:**
______________________________
[Name]
[Title, if applicable]
[Date]
---
**Borrower:**
______________________________
[Name]
[Title, if applicable]
[Date]
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*This document is a template and should be customized to fit the specific terms and conditions of the agreement between the parties. It is advisable to consult with a legal professional before executing any legal documents.*