Balloon Found With Note In Texas
Category:
State:
Multi-State
Control #:
US-00425BG
Format:
Word;
Rich Text
Instant download
Description
The Balloon Found with Note in Texas is a specialized promissory note that includes a balloon payment at the end of the loan term. This document outlines the borrower's promise to repay a specified amount to the lender, detailing payment terms, including interest rate, monthly installments, and a final lump sum payment due at the end of the loan. Key features include the ability to make additional principal payments, a potential prepayment penalty, and clear provisions regarding default and collection fees. Users should fill in their specifics, such as lender information, payment amounts, and dates. The form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who manage financing agreements or transactions involving real estate. It provides a structured approach for loans secured by property, ensuring compliance with applicable usury laws. Overall, this form aids legal professionals in facilitating clear and legally sound agreements between lenders and borrowers.
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