7. Acceleration clause
If the Borrower fails to pay any instalment on due date the Lender shall be entitled but not obliged to claim the full balance of the loan together with interest up to the date of payment.
No relaxation by the Lender of enforcing the acceleration clause at any stage shall amount to waiver of the Lender’s rights in terms of that clause.
9. Prepayment by Borrower
The Borrower shall be entitled to pay larger instalments than prescribed or the full balance of capital and interest at any time prior to the prescribed dates of payment. In any such event interest shall be calculated up to the date of payment.
10. Breach of terms
If the Borrower fails to make payment of any instalment on due date and the Lender decides to enforce the acceleration clause, he shall rst give written notice to the Borrower calling upon him or her to make payment within (number) days, failing which the Lender shall be entitled to claim payment of whatever is due in terms of this agreement by way of summons.
The full balance of the capital and interest shall become payable immediately upon sequestration of the Borrower’s estate.
This agreement is subject to the suspensive condition that the Borrower’s obligations are secured by a surety who binds himself validly as surety and co-principal debtor.
13. The whole contract
The parties confirm that this contract contains the full terms of their agreement and that no addition to or variation of the contract shall be of any force and e ect unless done in writing and signed by both parties.
14. Domicilium citandi et executandi
The parties choose as their domicilium citandi et executandi the following addresses:
The Lender Адреса реєстраціі місця проживання (прописки) (Eng.)
The Borrower Адреса реєстраціі місця проживання (прописки) (Eng.)
The Borrower shall be liable for the costs, if any, in respect of the drafting and execution of this contact.
Thus done and signed at Country, city
ПІБ повністю (Eng.)
ПІБ повністю (Eng.)
1 name of witness 1
2 name of witness 2