Florida Balloon Mortgage

Florida lenders, prepare a Balloon Mortgage for borrowers with this easy-to-use 17-page template.

Provisions of the Mortgage include:

• Uniform covenants with respect to payment of principal and interest, taxes and insurance, prior mortgages, preservation of the property, acceleration and remedies on default, and other standard mortgage clauses.
• The mortgage and note securing the mortgage may be sold without prior notice to the borrower.
• The mortgage form includes a Rented Property Addendum to be used if the mortgaged property is rental property.

This Florida Balloon Mortgage is in MS Word format, and is fully editable.