Balloon Promissory Note with Collateral Provisions

Because a balloon mortgage does not amortize over its term, the borrower has to pay a balance at the end of the loan term. Use this Promissory Note template to set out the conditions covering repayment of the mortgage loan.

• The borrower agrees to make monthly payments against the balance, until the date of the final payment.
• The final payment will be a balloon payment which will pay the full amount of principal and interest outstanding at that date.
• The Note is secured by a mortgage on the borrower's property.
• This is a generic legal template which is not specific to any country, state or province.
• Purchase and download the Balloon Mortgage Promissory Note form, use it as often as you need to.

You can assign an interest in a balloon mortgage to another party with this easy-to-use Assignment Form.

• Fill in the principal amount owing, the interest rate, and the amount of the monthly payments to be made under the mortgage.
• The assignment transfers both the mortgage and the entire unpaid balance under the promissory note from the assignor to the assignee.
• This is not a State-specific form. It can be used in any U.S. state that does not have a statutory form of assignment.

You can download the USA Assignment of Balloon Mortgage and Note to your computer or tablet immediately after you pay for it.

Prepare a Balloon Mortgage and Security Agreement for borrowers with this easy-to-use template.

• The entire unpaid balance of the mortgage loan and interest is due on the maturity date.
• The borrower (mortgagor) will pay all taxes, rates and assessments levied against the mortgaged property.
• The borrower must keep the mortgaged property insured for such risks and in such amounts as the lender may require.
• The borrower must get the lender's consent before making any alterations to the property, and must maintain the property in good condition and repair.
• If the borrower attempts to transfer all or any part of the property, the mortgage loan plus interest will immediately become due.
• The borrower waives all right of homestead exemption in the property.
• The mortgage will secure not only the borrower's existing debt to the lender, but any future advances made within 20 years of the date of the mortgage to the same extent as if they were made on the date of execution of the mortgage.

The USA Balloon Mortgage and Security Agreement is not state-specific. Some state laws require specific wording to be added to balloon mortgages. Check your state legislation online for details.

Transfer a portion of your interest in a balloon mortgage to another party with this easy-to-use Partial Assignment of Balloon Mortgage Note.

• The assignment can be used throughout the United States.
• The assignor gives representations to the assignee regarding the principal amount owing, the interest rate, and the amount of the monthly payments.
• The partial interest is being transferred to the assignee until a certain amount has been paid by the borrower, after which the assignee will transfer full interest back to the assignor.

To download the Partial Assignment form, just add it to your shopping cart and click on the Checkout button.

Draw up a Grid Promissory Note for multiple advances with this customizable template.

• The Grid Note is made as security for a lending agreement between the borrower and the lender.
• This form of Note is often used to secure a loan where more than one advance of loan proceeds would be made, such as construction financing.
• This is a generic legal form which can be used anywhere.
• The Grid Promissory Note for Multiple Loan Advances template is easy to download, fill in with your details, and print.

Do you sell goods on credit and allow your customers to pay in installments? Secure the outstanding balance on their account with this Installment Promissory Note for Purchase of Goods.

• The maker of the Note (customer) agrees to repay the secured amount by a series of installment payments against the principal and interest due under the Note.
• The supplier (holder of the Note) retains title to the goods until the balance is completely paid.
• The holder has the right to assign the Note to a third party.