Financial

A Contract for Deed is used when you want to sell a property in North Carolina and you plan to finance the purchase by allowing the buyer to pay the purchase price over time.

• The Contract for Deed is also called an installment agreement, land sale contract, or purchase money mortgage because the seller is basically assuming the role of a mortgage lender.
• The template contains several alternate payment clauses with different methods of repaying the loan plus interest (if any). Use the clause that reflects your agreement with the buyer, and delete the others.
• The buyer can take possession of the property but the seller remains the owner on the title deed until everything owing under the contract is paid.
• If there is already a mortgage on the property, the seller remains responsible for making the payments.
• Owner financing is a great option in cases where the buyer cannot get a conventional mortgage loan.
• The form is available in MS Word format.
• Intended to bge used only in the State of North Carolina.

In North Carolina, a Deed of Trust is used instead of a mortgage to secure repayment of a new home loan.

• A Deed of Trust can be used for any real estate property except for agricultural farm land.
• A trustee, such as a title company, holds the title as security to ensure that the borrower makes the loan payments on time, pays the taxes, maintains and keeps the property in good condition, and fulfills all of its obligations.
• Just like with a mortgage, if the purchaser defaults in making any payments, the entire balance immediately becomes due and the trustee can sell the property.
• The Deed of Trust contains uniform covenants as required by federal laws, as well as specific clauses under North Carolina statutes.
• Any attorney's fees payable by a party under the Trust Deed must be reasonable.
• Available in MS Word format.
• Intended to be used only in the State of North Carolina.

Secure repayment of a home loan with this Mortgage Note for North Carolina, which is backed by a mortgage against the borrower's property.

• Repayment of the principal and interest will be made in regular equal monthly installments.
• The borrower has the right to prepay all or part of the principal at any time without a penalty or premium being charged.
• If the borrower defaults in making any payment when it becomes due, the entire balance together with interest becomes immediately due and payable at the option of the lender.
• Each of the persons signing the note is jointly and severally obligated and the lender may enforce its rights against each person individually or against them all together.
• Available in MS Word format.
• Intended to be used only in the State of North Carolina.

If you are selling a real estate property in North Dakota, you can assist the buyer by carrying part or all of the purchase price with this Contract for Deed (purchase money mortgage).

• Under the terms of this Contract, the seller effectively becomes the mortgage lender for the balance of the purchase money.
• The seller remains on title as the owner of the property, even though the buyer takes possession. Once the purchase price is paid off, the seller will transfer ownership to the buyer.
• If the buyer fails to keep up the payments, the seller can take back the property. The buyer forfeits all of the payments made as liquidated damages.
• This Contract for Deed form is in MS Word format and is fully editable to fit your exact circumstances.
• Intended to be used only in the State of North Dakota.

Secure a loan on a residential single-family home with this fixed rate mortgage form for North Dakota.

• The mortgage form contains both uniform multi-state covenants under federal laws, and additional provisions specific to North Dakota law, including foreclosure and sale upon default, and waiver of homestead exemption.
• The purpose of the mortgage is to protect the lender's security interest and ensure that the borrower makes the payments and complies with the terms of the mortgage note.
• This standard form legal template is downloadable and reusable.
• Available in MS Word format.
• Intended to be used only in the State of North Dakota.

Give notice to a borrower that a receiver has been appointed over its assets with this Notice of Appointment of Receiver form.

• The Notice must be served by a creditor on a debtor after the debtor has defaulted in making payments and failed to cure the default.
• The debtor is given notice that because of the default, the creditor has exercised its right to appoint a receiver to take possession of certain assets of the debtor and to carry on the debtor's business.
• Available in MS Word format.

Prepare a Notice of Default on Note and Demand for Payment with this easy-to-use form.

• The Notice of Default is given by a creditor who holds a promissory note, to a debtor who has defaulted on an installment payment under the note.
• The creditor demands that the debtor immediately pay the outstanding amount owing on the note.
• Buy the form, download, fill in the blanks, print - use it as often as you like.
• This Notice of Default on Note and Demand for Payment form is a generic template (not country-specific) and is fully editable.

USA lenders, serve a debtor with this Notice of Intention to Sell Property before the sale, in accordance with applicable laws in your State.

• The property was pledged as collateral security for a loan from the lender to the debtor.
• The lender (secured party) prepares and serves the Notice to advise the debtor that the property will be sold either through private sale or at public auction, to cover all or part of the outstanding debt, following default by the debtor in making payment.
• The form includes a Certificate of Service, to record how the Notice was served on the debtor.
• This Notice form is available as a MS Word template document which is downloadable and easy to use.
• The form can be used in States that do not have a statutory form.

Give notice of your security interest in a debtor's collateral with this Notice of Interest in Collateral template for Canadian lenders.

• The Notice must be given by a lender or other secured party to any other person or firm which has a security interest in the same collateral.
• This form can be used in any province or territory of Canada which has a Personal Property Security Act.
• Available in MS Word format.

Give notice of a purchase money security interest in inventory with this template form for Canadian businesses.

This template form is designed for Canadian suppliers to give notice to all interested parties that it holds a purchase money security interest (PMSI) in the inventory of a debtor.

Its primary function is to inform other creditors about the supplier's secured interest in inventory sold to the debtor on credit, where the inventory itself was used as collateral for the sale transaction.

Who Should Receive the Notice?

The notice should be sent by the supplier to any creditor who also holds a security interest in the debtor’s inventory. This ensures all affected parties are aware of the supplier’s claim over the inventory.

Priority of Security Interest

By issuing this notice, the supplier is notifying other creditors that its security interest in the inventory may take precedence over their own interests. This is particularly relevant in situations involving multiple security interests in the same assets.

Template Format and Jurisdiction

The Notice form is provided in Microsoft Word format for ease of use. It is intended exclusively for Canadian businesses, and complies with the requirements of Personal Property Security Act (PPSA) legislation across Canada.