Balloon Note – Legal Form – This note shall be due and payable upon demand of any holder hereof should the undersigned default in any payment beyond _____ days of its due date. All parties to this note waive presentment, demand and protest, and all notices thereto. In the event of default, the undersigned agree to pay all costs of collection and reasonable attorney’s fees.
balloon note – Hfhna – Balloon Payments Notice Requirements for Notes in California – A promissory note is a document providing for payment of an obligation to another, usually in writing, and subjecting the borrower to legal liability if it is not paid in a timely fashion under the terms of the note.
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What is BALLOON NOTE – Black's Law Dictionary – Definition of BALLOON NOTE: This term applies to an installment loan with interest that provides for a larger final payment that is known as the balloon payment. The Law Dictionary Featuring Black’s Law Dictionary free online legal dictionary 2nd Ed.
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