USA Multistate Fixed Rate Note (Monthly)
This Multistate Fixed Rate Note can be used to secure repayment of a mortgage almost anywhere in the United States.
- This is a promissory note. The borrower promises to repay the principal amount of the loan, plus interest at the specified rate.
- Payments will be made monthly and will be applied first to late charges (if any), then to accrued interest, and then to principal.
- The loan will accelerate if the borrower defaults, and the entire amount owing on the loan will become immediately payable, at the option of the lender.
- The Note can be used in conjunction with a mortgage, a deed of trust or a security deed.
The USA Multistate Fixed Rate Note (Monthly) is a downloadable and fully editable MS Word template.
Last Updated: 14-April-2016