South Dakota Mortgage with 180-Day Redemption

• Under the terms of this Contract, the seller effectively becomes the mortgage lender for the balance of the purchase money.
• Title will transfer to the buyer once payment in full of all principal and interest has been received by the seller.
• The seller has the right to take back the property if the buyer defaults in payment.
• At the seller's option, the balance can be repaid by monthly payments with or without interest until paid, or monthly payments with interest for a fixed number of payments with a balloon payment at the end to pay out the balance.

This free Fannie Mae/Freddie Mac 1-4 Family Rider is used if you are mortgaging a rental property with 1 to 4 units.

• The Rider should be attached to the mortgage, deed of trust or security deed, to amend and supplement the security instrument.
• The borrower agrees that the mortgage lender can collect the rents on the property if the borrower defaults under the Note. This is called an assignment of rents.
• Form 3170 USA Multistate 1-4 Family Mortgage Rider is a free form which can be downloaded directly from the FannieMae.com website.

This free Adjustable Rate Rider (1 Year Treasury Index - Rate Caps) is used to adjust the interest rate and monthly payments under the mortgage note.

• Once it's been signed, the Rider will form part of the mortgage, deed of trust or security deed.
• The borrower agrees that the interest rate may change once in each 12-month period.
• The new rate will be based on a weekly average yield on US Treasury securities adjusted over a 1-year maturity.
• The interest rate will not increase or decrease more than the percentage amount stated in the Rider.
• This Rider is for mortgages on single-family homes.
• Fannie Mae/Freddie Mac Form 3108 USA Multistate Adjustable Rate Mortgage Rider is a free MS Word document from freddiemac.com.

Attach the Multistate Biweekly Payment Rider (Fixed Rate) to the mortgage document when a borrower wants to make the mortgage payments every two weeks instead of monthly.

• The Rider will become part of the mortgage or deed of trust and supplements the provisions of the loan document.
• The form sets out the amount of the biweekly payment, and the late charge that will be paid if a payment is not made in full when it is due.
• This Rider is for fixed rate mortgages on single-family homes in the United States.
• Download a free copy of the Fannie Mae/Freddie Mac Form 3177 Multistate Biweekly Payment Rider (Fixed Rate).

Prepare a Promissory Note for a mortgage loan to be paid in biweekly payments with this USA Multistate Fixed Rate Note template.

• This form can be used in most U.S. states.
• The borrower promises to pay the principal amount of the loan, plus interest and any late charges or loan fees that the lender is allowed to charge.
• Loan payments will be made every two weeks and will be applied first to late charges (if any), then to accrued interest, and the remainder to pay down the principal.
• If the borrower fails to make the payments on time, the lender has the right to terminate the bi-weekly payments and demand that the payments be made on a monthly basis instead.
• The Note can be used as security for a loan in connection with a mortgage, a deed of trust or a security deed.
• Available in MS Word format.

This Monthly 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.
• Available in MS Word format.
• Intended to be used onlyl within the United States.