USA lenders, secure repayment of a loan with this
Promissory Note which is backed by a mortgage against the borrower's property.
- The borrower has the option to prepay the entire amount of the debt without a penalty or premium being charged.
- The Note contains an acceleration clause, so that if the borrower defaults in a payment under the Note or defaults in performance of any of its obligations under the mortgage, the entire balance together with interest becomes immediately due and payable.
This
USA Mortgage Note template is available as a MS Word form, and can be edited as necessary to include all the specifics of your transaction.
