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    Balloon Promissory Note with Collateral Provisions


    Use this Balloon Promissory Note form in situations where the borrower is required to provide additional collateral besides the property being mortgaged.

    • The borrower agrees to make monthly payments against the amount secured by the Note, until the date of the final payment.
    • The final payment will be a balloon payment (in other words, a payment in full of the entire balance of principal and interest outstanding at that date).
    • The note has an additional provision requiring the borrower to put up personal property or real estate as additional collateral security.
    • This is a generic legal form which is not specific to any country, state or province.
    • This template is available in MS Word format and is fully editable to meet your needs.
    Download Type: Microsoft Word
    Last Updated: 30-March-2024
    SKU: 4701