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Georgia Deed to Secure Debt
Georgia lenders can use this template Deed and Promissory Note to secure repayment of a debt from a borrower.
- The Deed and Promissory Note are typically used as security for a mortgage loan in the State of Georgia.
- The borrower conveys title to the property to the lender until the full amount of the indebtedness plus interest is paid in full.
- Once the debt is paid, the lender will reconvey the property to the borrower.
- The lender has the option to declare the whole amount due and payable if the borrower sells the property, or defaults under the loan.
- The lender has the power to sell the property if the loan is not paid by the maturity date.
- The downloadable file includes a Promissory Note.
- Available in MS Word format.
- Intended to be used only in the State of Georgia.
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