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Balloon Promissory Note with Collateral Provisions
Use this easy template to prepare a Balloon Promissory Note with collateral provisions.
- The borrower agrees to make monthly payments against the amount secured by the Note, until the date of the final payment.
- The final payment will be a balloon payment (in other words, a payment in full of the entire balance of principal and interest outstanding at that date).
- The note has an additional provision requiring the borrower to put up personal property or real estate as additional collateral security.
This Balloon Promissory Note with Collateral Provisions template is available in MS Word format and is easy to edit and use.
Download: Balloon Promissory Note with Collateral Provisions
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