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Document Id : 7844
File Type : Microsoft Word
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Florida Balloon Mortgage
Florida lenders, prepare a Balloon Mortgage for borrowers with this easy-to-use 17-page template.
Provisions of the Mortgage include:
Provisions of the Mortgage include:
- Uniform covenants with respect to payment of principal and interest, taxes and insurance, prior mortgages, preservation of the property, acceleration and remedies on default, and other standard mortgage clauses.
- The mortgage and note securing the mortgage may be sold without prior notice to the borrower.
- The mortgage form includes a Rented Property Addendum to be used if the mortgaged property is rental property.
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