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Document Id : 8381
File Type : Microsoft Word
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North Carolina Mortgage Note
North Carolina lenders, secure repayment of a loan with this Mortgage Note, which is backed by a mortgage against the borrower's property.
- Repayment of the principal and interest will be made in regular equal monthly installments.
- The borrower has the right to prepay all or part of the principal at any time without a penalty or premium being charged.
- If the borrower defaults in making any payment when it becomes due, the entire balance together with interest becomes immediately due and payable at the option of the lender.
- Each of the persons signing the note is jointly and severally obligated and the lender may enforce its rights against each person individually or against them all together.
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