Canadian lenders, prepare a Balloon Promissory Note with Collateral Provisions
with this easy-to-use template.
- 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 (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 Canada Balloon Promissory Note with Collateral Provisions
is in MS Word format and is easy to edit and use.