Florida Fully Amortizing Mortgage Note
This Mortgage Note is secured by a fully amortizing mortgage on a Florida real estate property.
- Under the Note, the borrower agrees to pay the lender the full amount of the mortgage loan, plus interest at the loan rate.
- Unlike a balloon note, there is no large payment to be paid on the maturity date. The final payment will be a regular payment.
- Payments on the loan will be made monthly.
- The borrower has the right to prepay the Note without penalty.
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Last Updated: 14-April-2016