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A promissory note is part of every mortgage transaction. Fill in the details and have the borrower sign this Fixed Rate Mortgage Note for the State of Maine.
- The terms of the Note require the borrower to repay the loan by making monthly payments of principal and accrued interest.
- If on the maturity date there remains any amount outstanding, the borrower will pay the balance in full at that time.
- As the note holder, you (the lender) have the right to demand repayment of the entire outstanding balance of the loan, plus interest, if the borrower defaults in making payments.
- This is an easy-to-use legal form template drafted in plain English in accordance with the Maine plain language law.
To download the Fixed Rate Mortgage Note, add it to your cart and pay for it. You'll have instant access to the form.