If you are deciding to carry a note, one of the provisions you must have in your note language is an Acceleration Clause. This clause will say that if any payments are not made or your payor is actually in default, the entire note balance – not just the skipped payments – will “accelerate” and become due and payable now. This clause should operate as a shield protecting you and your buyer from adverse consequences. Your attorney or Escrow officer can advise you on the appropriate language.