Balloon Amortization Sureties With Interest In King
Category:
State:
Multi-State
County:
King
Control #:
US-00425BG
Format:
Word;
Rich Text
Instant download
Description
The Balloon Amortization Sureties with Interest in King is a Promissory Note designed to formalize a loan arrangement, wherein the borrower promises to repay the lender with specific terms. This document outlines the principal sum, interest rate, and payment schedule which comprises monthly installments followed by a balloon payment at the end of the loan term. Users must indicate important details such as names, addresses, amounts, and payment dates. The form includes provisions for defining default conditions, collection fees, and prepayment penalties. It's essential for users to fill out and edit sections accurately to avoid legal complications. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form to facilitate real estate transactions, secure financing, and ensure compliance with applicable usury laws. This form serves as critical documentation in loan agreements, protecting both the lender’s interest and the borrower’s obligations.
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