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Balloon Promissory Note with Collateral Provisions
Use this Balloon Promissory Note form in situations where the borrower is required to provide additional collateral besides the property being mortgaged.
- The borrower agrees to make monthly payments against the amount secured by the Note, until the date of the final payment.
- The final payment will be a balloon payment (in other words, a payment in full of the entire balance of principal and interest outstanding at that date).
- The note has an additional provision requiring the borrower to put up personal property or real estate as additional collateral security.
- This is a generic legal form which is not specific to any country, state or province.
- This template is available in MS Word format and is fully editable to meet your needs.
$2.49
Demand Promissory Note
If you are loaning money to someone, make sure you get paid back by having them sign this Demand Promissory Note.
- A demand promissory note is a note that must be repaid in full (including all interest) when the lender demands repayment.
- Interest on the principal amount accrues at a fixed rate and is calculated monthly.
- The principal can be prepaid by the borrower at any time without a penalty or premium being charged.
- The promissory note is a legal contract. When the borrower signs it, they are making a promise to repay the loan. If they don't pay it on time, you can take legal action.
- This is a generic legal form which is not country-specific.
- Download a free copy of the Demand Promissory Note and keep it handy for the next time you make a loan to anyone.
$0.00
Line of Credit Promissory Note
If you are offering a line of credit to a customer, secure your interest with this Line of Credit Promissory Note form.
- The Note allows for multiple advances, up to a specified maximum amount.
- Interest on the secured amount is simple interest, accruing monthly.
- The Note is secured by a mortgage on the Borrower's property.
- There is no prepayment penalty.
- This is a generic legal template which is not specifically written for any country, state or province.
- This form is provided in MS Word format and is easy to customize.
$5.99