USA Mortgage Note

This Promissory Note form is for loans that are backed by a mortgage against the borrower's real property.

• You can use the template in any U.S. state.
• There is no prepayment penalty or premium if the borrower prepays the loan in whole or in part.
• If the borrower defaults under the note or the mortgage, the borrower promises to pay interest at the highest rate allowed by law.
• The borrower will pay any collection costs incurred by the lender, including reasonable legal fees.

The USA Mortgage Note form is an important part of the loan documentation. Download the template for your loans officers.