Colorado Mortgage Promissory Note

This Colorado Mortgage Promissory Note is part of the required documentation for every home loan.

• Payments. The mortgagor will make regular payments of principal and interest until the balance is paid in full.
• Interest is a fixed rate.
• Acceleration. The balance owing becomes due and payable immediately if the borrower defaults in making any payment.
• Late payments result in late charges being assessed, which are calculated as a percentage of the late payment.
• Prepayment. The borrower may prepay the loan either with or without penalty, at the lender's discretion when writing up the Note.
• Available in MS Word format, easy to download, fill in and print.
• Intended to be used only in the State of Colorado.