This is a form of Promissory Note for use where residential property is security for the loan. A promissory note is a written promise to pay a debt. An unconditional promise to pay on demand or at a fixed or determined future time a particular sum of money to or to the order of a specified person or to the bearer. A separate deed of trust or mortgage is also required.
Lakewood Colorado Installments Fixed Rate Promissory Note Secured by Residential Real Estate is a legal document that outlines the terms of a loan agreement between a lender and borrower in the city of Lakewood, Colorado. This promissory note is specifically used in the context of residential real estate transactions and serves as a binding agreement that ensures repayment of the loan amount. The note includes various important clauses, such as the interest rate, installment payment schedule, and the method of securing the loan with residential real estate. In Lakewood, Colorado, there are several types of Installments Fixed Rate Promissory Notes that can be secured by residential real estate: 1. Single-Family Home Promissory Note: This type of promissory note is designed for loans secured by a single-family residential property in Lakewood, Colorado. It clearly defines the terms of the loan, including the fixed interest rate, repayment installments, and the specific residential property used as collateral. 2. Condominium Promissory Note: For loans secured by a condominium unit in Lakewood, Colorado, this type of promissory note is used. It incorporates all the necessary details related to the loan, such as the fixed interest rate, repayment structure, and the specific condominium unit being pledged as collateral. 3. Townhouse Promissory Note: When a loan is secured by a townhouse property in Lakewood, Colorado, this type of promissory note is utilized. It specifies the terms and conditions of the loan, including the fixed interest rate, installment payments, and the townhouse property used as collateral to secure the loan. 4. Multi-Unit Residential Promissory Note: This type of promissory note is relevant for loans secured by multi-unit residential properties, such as duplexes, triplexes, or apartment buildings, in Lakewood, Colorado. It clarifies the key elements of the loan agreement, including the fixed interest rate, repayment terms, and the specific multi-unit residential property that serves as collateral. In summary, the Lakewood Colorado Installments Fixed Rate Promissory Note Secured by Residential Real Estate is a comprehensive legal document that ensures the loan agreement's clarity and enforceability. Whether it is a single-family home, condominium, townhouse, or multi-unit residential property, this promissory note helps protect both parties' interests and provides a clear roadmap for loan repayment.
Lakewood Colorado Installments Fixed Rate Promissory Note Secured by Residential Real Estate is a legal document that outlines the terms of a loan agreement between a lender and borrower in the city of Lakewood, Colorado. This promissory note is specifically used in the context of residential real estate transactions and serves as a binding agreement that ensures repayment of the loan amount. The note includes various important clauses, such as the interest rate, installment payment schedule, and the method of securing the loan with residential real estate. In Lakewood, Colorado, there are several types of Installments Fixed Rate Promissory Notes that can be secured by residential real estate: 1. Single-Family Home Promissory Note: This type of promissory note is designed for loans secured by a single-family residential property in Lakewood, Colorado. It clearly defines the terms of the loan, including the fixed interest rate, repayment installments, and the specific residential property used as collateral. 2. Condominium Promissory Note: For loans secured by a condominium unit in Lakewood, Colorado, this type of promissory note is used. It incorporates all the necessary details related to the loan, such as the fixed interest rate, repayment structure, and the specific condominium unit being pledged as collateral. 3. Townhouse Promissory Note: When a loan is secured by a townhouse property in Lakewood, Colorado, this type of promissory note is utilized. It specifies the terms and conditions of the loan, including the fixed interest rate, installment payments, and the townhouse property used as collateral to secure the loan. 4. Multi-Unit Residential Promissory Note: This type of promissory note is relevant for loans secured by multi-unit residential properties, such as duplexes, triplexes, or apartment buildings, in Lakewood, Colorado. It clarifies the key elements of the loan agreement, including the fixed interest rate, repayment terms, and the specific multi-unit residential property that serves as collateral. In summary, the Lakewood Colorado Installments Fixed Rate Promissory Note Secured by Residential Real Estate is a comprehensive legal document that ensures the loan agreement's clarity and enforceability. Whether it is a single-family home, condominium, townhouse, or multi-unit residential property, this promissory note helps protect both parties' interests and provides a clear roadmap for loan repayment.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.