Picture of Vermont Fixed Rate Mortgage Note Picture of Vermont Fixed Rate Mortgage Note

Vermont Fixed Rate Mortgage Note

Prepare a promissory note for a mortgagor to sign with this Vermont Fixed Rate Mortgage Note form.

  • The loan will be paid by monthly payments of principal and accrued interest.
  • If there is any amount still owing on the maturity date, the borrower will pay the entire outstanding balance.
  • If the borrower is in default under the Note, the note holder has the right to accelerate the loan and demand that the borrower repay the entire loan balance in 30 days.
  • The borrower promises to pay any costs that the note holder incurs in enforcing the Note, including attorneys' fees.
  • This is a downloadable legal form template that is written in plain English.
  • Intended to be used only in the State of Vermont.
Document Type: Microsoft Word
Last Updated: 15-December-2024
SKU: 1896
$6.29
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Not all home buyers can qualify for a mortgage loan. This Contract for Deed allows sellers in Vermont to effectively finance the transaction for the buyer.

  • A contract for deed (or purchase money mortgage) allows a buyer to pay the balance of the purchase price over time, with the seller carrying the balance until the last payment is made. The seller effectively becomes the mortgage lender for the transaction.
  • The title deed is held by the seller and will transfer to the buyer once all of the purchase price (plus any applicable interest) has been paid to the seller.
  • The seller has the right to take back the property if the buyer defaults in its payments.
  • The seller can determine whether the balance is to be repaid by monthly payments (with or without interest), or by monthly payments with interest for a fixed number of payments with one final balloon payment at the end.
  • The form is available in MS Word format and is fully editable to fit your exact circumstances.
  • Intended to be used only in the State of Vermont.
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This is a downloadable standard Mortgage Form for the State of Vermont.

  • The mortgage template contains uniform covenants under federal mortgage regulations which apply to most states.
  • It also contains additional provisions under Vermont law, such as acceleration and sale if the borrower defaults, and waiver of homestead exemption.
  • This is a fixed rate standard form of mortgage for residential properties.
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  • Intended to be used only in the State of Vermont.
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This is a downloadable standard Mortgage Form for the State of Vermont.

  • The mortgage template contains uniform covenants under federal mortgage regulations which apply to most states.
  • It also contains additional provisions under Vermont law, such as acceleration and sale if the borrower defaults, and waiver of homestead exemption.
  • This is a fixed rate standard form of mortgage for residential properties.
  • Available in MS Word format.
  • Intended to be used only in the State of Vermont.
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