Balloon Amortization Sureties With Interest In Dallas
Category:
State:
Multi-State
County:
Dallas
Control #:
US-00425BG
Format:
Word;
Rich Text
Instant download
Description
The Balloon Amortization Sureties with Interest form in Dallas is a legally binding Promissory Note that outlines the terms of a loan repayment, specifying both regularly scheduled monthly payments and a larger balloon payment due at maturity. The form captures critical details, including the names and addresses of the lender and borrower, the loan amount, interest rate, and payment schedule. It allows for partial payments on the principal, subject to prepayment penalties diminishing over the loan term. For legal professionals, including attorneys and paralegals, this form serves essential purposes, from facilitating loan agreements to ensuring compliance with applicable usury laws. It emphasizes the need for clarity regarding payments, defaults, and the consequences of non-payment. Furthermore, the form is suitable for partners, owners, and associates engaged in real estate transactions requiring financing while also safeguarding their interests under stated terms and conditions. Clear filling and editing instructions accompany the form, making it user-friendly for those unfamiliar with legal documents. This Promissory Note strongly aids in formalizing financial transactions with clear obligations for both lenders and borrowers.
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