Lender’s Rescission and Waiver of Acceleration of Note
Date:
Note
Date:
Original Principal Amount:
Borrower:
Lender:
Original Stated Maturity Date:
Accelerated Maturity Date:
Rescission Date:
Deed of Trust
Date:
Grantor:
Lender:
Recording information:
Property:
[Guarantor:]
Lender, as of the Accelerated Maturity Date, accelerated the maturity of the Note.
Lender hereby rescinds and waives, as of the Rescission Date, its acceleration of the maturity of the Note. Lender hereby reinstates the payment terms of the Note, and the obligation evidenced by the Note will be governed by Texas Civil Practice and Remedies Code section 16.035 as if no acceleration had occurred.
A copy of this rescission and waiver, in accordance with Texas Civil Practice and Remedies Code section 16.038 has been served on each debtor who, according to Lender’s records, is obligated to pay the Note.
[Name of lender]