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    Wraparound Promissory Note | USA


    This template Promissory Note is part of a wraparound mortgage loan on a U.S. real estate property.

    • The wraparound note is secured by either a mortgage or deed of trust (this will depend on which state the property is located in). The template contains language for both.
    • A wraparound mortgage is a form of seller financing. The seller (holder of the note) continues to make the payments on the original underlying mortgage, and the buyer (borrower) will make payments under the Wraparound Note to the seller.
    • This template contains additional provisions as to how any prepayments will be applied, in the event that the buyer is allowed to prepay the balance of the Note.
    • The form can be in any State where wraparound mortgages are allowed by law.

    To download the USA Wraparound Promissory Note, add it to your cart and pay for it over our secure checkout system.

    Download Type: Microsoft Word
    Last Updated: 18-January-2021
    SKU: 9132
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    Ohio Residential Mortgage


    Write up a Residential Mortgage to secure repayment of a home purchase loan with this fully editable template for Ohio mortgage lenders.

    • Mortgage payments will be made in regular periodic instalments of blended principal and interest.
    • Unpaid interest becomes part of the principal and bears interest at the mortgage rate.
    • The mortgagor must pay all taxes and levies assessed against the property.
    • The mortgagor must keep the property insured in an amount and to an extent approved by the mortgagee.
    • Contains an acceleration upon default provision, which states that if the mortgagor defaults in any of its obligations, the entire amount of the indebtedness will become immediately due and payable, and the lender may foreclose and sell the property.
    This Ohio Residential Mortgage form is available as a downloadable MS Word template. Updated 09/12.