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Promissory Note for Family Loan Payable From Estate
Prepare a Demand Promissory Note for a loan payable from a family member's estate with this easy-to-use template form.
- This type of Promissory Note would typically be used to secure loans between close family members, such as a loan from a parent or grandparent to a child or grandchild.
- Only the lender can demand payment.
- The borrower agrees to repay the entire loan within a specified time following the lender's death or, at the option of the lender's executors, the loan amount may be deducted from the borrower's share of the lender's estate.
- This is a generic legal form which can be used anywhere.
$2.29
Promissory Note for Interest-Free Loan | Canada
Sometimes when you lend money, you may decide not to charge interest. But you still need to get a promise from the borrower to repay the loan. Get the borrower to sign this Demand Promissory Note for principal only.
- This form is only for use in Canada. It can be used in any province or territory except Québec.
- This type of Promissory Note is most commonly used when the loan is between two persons who have a close relationship, such as family members.
- Because no interest is being charged on the loan, the borrower is only required to pay back the principal amount of the loan.
- The Demand Promissory Note for an interest-free loan is a digital download in MS Word format.
$2.49
Term Loan Agreement | USA
Write up a Term Loan Agreement for a borrower using this downloadable template form.
- This customizable legal template is governed by the laws of the United States.
- The borrower has the option to pay all or part of the term loan on any interest payment date, without premium or penalty, provided that a specified minimum prepayment amount is paid.
- The borrower has the option of selecting an interest period of more than one month's duration (up to but not including the next interest payment date).
- If the borrower fails to properly notify the lender, the interest period will automatically be set at one month's duration.
- The borrower may elect to have more than one interest period outstanding at any one time, provided that no interest period extends beyond the maturity date.
- Available in MS Word format.
- Governed by U.S. laws and intended to be used within the United States.
$17.99
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Interest-Free Demand Promissory Note
Secure repayment of an interest-free loan with this downloadable Demand Promissory Note for principal only (no interest).
- This type of Promissory Note would most commonly be used when the borrower and the lender have a close relationship, such as family members, when no interest would be charged on the loan balance.
- The form is a generic template which can be used anywhere.
- This Demand Promissory Note with No Interest form is available in MS Word format and is easy to use. Just download, fill in with the details of the transaction, and print.
$2.29
Ohio Residential Mortgage Form
Write up a Residential Mortgage to secure repayment of a home purchase loan with this fully editable template for Ohio mortgage lenders.
- Mortgage payments will be made in regular periodic instalments of blended principal and interest.
- Unpaid interest becomes part of the principal and bears interest at the mortgage rate.
- The mortgagor must pay all taxes and levies assessed against the property.
- The mortgagor must keep the property insured in an amount and to an extent approved by the mortgagee.
- Contains an acceleration upon default provision, which states that if the mortgagor defaults in any of its obligations, the entire amount of the indebtedness will become immediately due and payable, and the lender may foreclose and sell the property.
- Available as a downloadable MS Word template.
- Intended to be used only in the State of Ohio.
$19.99
Mobile Home Sale Contract | USA
Sell a mobile home in the USA with this Mobile Home Sale Contract (without land).
- The Contract is for a mobile home with no land included in the sale (such as a mobile home situated on a trailer park lot).
- The sale requires the consent of the park owner for the purchaser to take over the lease of the lot.
- This contract can be used for a cash sale, a sale under a mobile home retail installment loan, or a sale with monthly payments secured by a purchase money note and security interest in the mobile home.
- Available in MS Word format and fully editable to fit your specific circumstances.
- Intended to be used only within the United States.
$17.99
Balloon Mortgage Promissory Note
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.
$2.29
Wraparound Mortgage Security Agreement | USA
Prepare a Wraparound Mortgage Security Agreement with this comprehensive ready-to-use template for US mortgages.
- The wraparound mortgage (also called a piggyback mortgage) is a second mortgage with a face value of both the amount it secures and the balance due under the first mortgage on the subject property.
- The wraparound mortgage is subordinate to the first mortgage.
- The borrower makes payment to the new mortgagee (lender or seller) based on the face value of the wrap-around mortgage, and the new mortgagee in turn makes the monthly payments to the original mortgagee.
- The borrower must ask permission of the mortgagee prior to making significant alterations to the mortgaged property.
- Any agreement between the parties pursuant to the mortgage shall be superior to the rights of the holder of any intervening lien or encumbrance.
- Any award or compensation payable pursuant to condemnation proceedings will be payable to the mortgagee.
- Intended for use only in the United States. Individual States may have statutory forms which must be used instead.
$29.99
