Financial

This Contract for Deed form allows the seller of a property in Arkansas to assist the buyer by carrying part or all of the purchase price.

• The seller effectively becomes the mortgage lender for the balance of the purchase money.
• When the seller has received payment in full of the principal and interest, title to the property will be transferred over to the buyer.
• The seller has the right to take back the property if the buyer defaults on the payments.
• 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.
• Available in MS Word format.
• This legal form is intended to be used solely within the State of Arkansas.

Secure a loan for a residential property with this Arkansas Fixed Rate Mortgage.

• The mortgage template contains both uniform (multistate) covenants and non-uniform covenants specifically for the State of Arkansas.
• The mortgage is given as additional security for a loan under a promissory note signed by the borrower.
• The debt secured by the mortgage includes interest and any additional prepayment or late payment charges payable by the borrower.
• This mortgage form is a downloadable and fully editable digital template in MS Word format.
• Intended to be used only in the State of Arkansas.

Make an exchange of land for shares under section 85 of the Income Tax Act (Canada) with this Asset Transfer Agreement.

• The parties are both Canadian corporate entities.
• The seller transfers the land to the buyer. In exchange the buyer assumes the mortgage on the land and issues shares of its capital to the seller.
• The parties agree to jointly file an election under Section 85.
• The Asset Transfer Agreement is part of an asset exchange (rollover) transaction.
• This document complies with Canadian tax laws and is only for use in Canada.

Assign the settlement proceeds of an insurance claim to a lender as security for a loan with this Assignment and Direction to Pay Settlement Proceeds form.

• The Assignment includes a direction from the borrower to the insurance company, to pay the lender any proceeds recovered in a settlement of a personal injury suit.
• The assignor makes certain warranties regarding the claim, as comfort for the lender and the insurer.
• The form is available in MS Word format and is fully editable.
• This is a generic legal form that can be used in most jurisdictions.

Factor the receivables of a business with this package of Assignment of Accounts Receivable forms which contains two templates:

1. Assignment with Recourse. The assignee has recourse to re-transfer back any customer account which is not paid in full within a specified time period, and the assignor will buy them back for the amount of the unpaid balance.
2. Assignment Without Recourse. The assignor does not have the option to take back the accounts if they remain unpaid. The right to collect the unpaid accounts remains with the assignee.

An assignment of your accounts receivable is a quick way to increase cash flow during slow periods. These are downloadable forms that you can use again and again.

Assign your interest under a fire insurance policy with this easy-to-use Assignment Form.

• The assignor (usually a borrower) assigns its interest under a fire insurance policy to another party (usually a lender).
• The assignment would be used as collateral for a loan.
• The assignment form includes the consent of the insurance company.
• This is a generic legal document which does not contain country-specific language. The form is available as a downloadable and fully editable MS Word template.

Assign various loan documents from one lender to another with this Specific Assignment and Transfer of Loan Contracts.

• The assignee assumes the original lender's rights under the contracts.
• The assignee has no liability with respect to the assigned rights and no obligation to perform the lender's obligations.
• The document includes a Notice of Assignment form that must be sent to each borrower and to any other party that has an interest in the contracts.
• This is a generic legal form which does not contain references to specific countries or jurisdictions.
• The Specific Assignment and Transfer of Contracts template is a downloadable MS Word document and fully editable to meet your needs.

Secure the repayment of a mortgage loan by having the borrower execute this Assignment of Rents Agreement for Canadian lenders.

• The borrower assigns to the lender all rent revenues from tenants in the property being mortgaged.
• The assignment is given as security for repayment of the mortgage and performance of the borrower's obligations to the lender.
• The rentals continue to be paid to the borrower / assignor until such time as the lender / assignee gives a demand in writing to the tenants to pay the rents to the assignee.
• The agreement stays in effective until all of the monies due under the mortgage have been paid in full.
• An Assignment of Rents Agreement is a good means of obtaining additional security for performance under a loan agreement. You can download it immediately following purchase.
• This form is governed by the laws of Canada.

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.
• This template is not state-specific. Some state laws require specific wording to be added to balloon mortgages. Check your state legislation online for details.
• Intended to be used only within the United States.

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.
• Available in MS Word format.