College to now come forward within the next ten (10) days with full payment of the unpaid principal, $862,-396.39, and unpaid and accrued interest of $38,793.70 as of this day, 05/14/91. Interest is accruing at a rate of $283,528 per day. FBIT’s Ex. #K. FBIT argues that this letter had the effect of accelerating the debt evidenced by the Note and triggering the Post Maturity Rate of sixteen percent provided for by the Note. A debtor’s failure to pay an obligation on the due date does not automatically mature the entire debt, despite the presence of an acceleration clause in the agreement. Capital City Motors, Inc. v. Thomas W. Garland, Inc., 363 S.W.2d 575, 578 (Mo.1962) (citations omitted). See also Josephson v. Nat’l Screen Serv. Group, Inc., 810 S.W.2d 708, 709 (Mo.Ct.App.1991) (<HOLDING>). An acceleration clause does no more than give
holding that more than notice to a defendant is required holding order granting a new trial is not a final appealable order because it does not terminate the action or any of the claims or parties in the action holding that the obligation does not terminate upon death holding that an automatic forfeitureupondefault clause does not mean a notice of forfeiture is not required in order to terminate a lease holding that double jeopardy clause did not apply to forfeiture proceeding before the court