Balloon Amortization Sureties With Interest In Oakland
Category:
State:
Multi-State
County:
Oakland
Control #:
US-00425BG
Format:
Word;
Rich Text
Instant download
Description
The Balloon Amortization Sureties with Interest in Oakland is a Promissory Note that specifies a loan amount to be repaid with interest over a set term. This document outlines the payment structure, which includes regular monthly installments followed by a significant balloon payment at the end of the term. Notably, it details the interest rate, the prepayment options including any applicable penalties, and conditions for default. Users must fill in specific fields, including lender and borrower information, payment amounts, and dates to complete the form. This note is particularly useful for parties considering real estate transactions or financing in Oakland, as it is secured by a Deed of Trust on real estate. Attorneys, partners, and associates can utilize this form to ensure that loan agreements are clear and enforceable. Paralegals and legal assistants will find it essential to guide clients through the filling process, ensuring compliance with legal requirements. The form emphasizes strict adherence to usury laws, making it relevant for users looking to protect their financial interests.
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