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Canada Balloon Promissory Note with Collateral Provisions
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.
Download: Canada Balloon Promissory Note with Collateral Provisions
Related Forms:
- Canada Promissory Note with Collateral Charge on Land
- Canada Secured Installment Note with Fixed Payments & Prepayment Fee
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