Balloon Mortgage Agreement Sample Contracts

Contract
Balloon Mortgage Agreement • March 28th, 2018 • Korth Direct Mortgage LLC • Real estate

This Instrument Prepared By: JORGE A. FERNANDEZ, ESQ. Jorge A. Fernandez, P.A. 2600 Douglas Road Penthouse 8 Coral Gables, Florida 33134 THIS IS A BALLOON MORTGAGE SECURING A FIXED RATE OBLIGATION WITH A BALLOON PAYMENT DUE ON THE 60TH MONTH. THE FINAL PRINCIPAL PAYMENT OR THE PRINCIPAL BALANCE DUE UPON MATURITY WILL BE APPROXIMATELY $1,850,000.00, TOGETHER WITH ACCRUED INTEREST, IF ANY, AND ALL ADVANCEMENTS MADE BY THE MORTGAGEE UNDER THE TERMS OF THIS MORTGAGE. THE BANK APPLIES ALL PAYMENTS RECEIVED FIRST TO THE INTEREST AND THEN TO THE PRINCIPAL. IN CASE OF LATE PAYMENTS PRINCIPAL MAY NOT AMORTIZE ACCORDING TO SCHEDULE AND THE BALLOON PAYMENT WILL BE INCREASED ACCORDINGLY. FLORIDA REAL ESTATE MORTGAGE, ASSIGNMENT OF LEASES AND RENTS AND SECURITY AGREEMENT TS AND SECURITY AGREEMENT (the "Mortgage") is made and entered into as of the 13th day of March, 2018, by MIS NW 345 LLC a Florida Limited Liability Company hereinafter ("Mortgagor") and KORTH DIRECT MORTGAGE, LLC, a Florida Limite

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FLORIDA REAL ESTATE MORTGAGE, ASSIGNMENT OF LEASES AND RENTS AND SECURITY AGREEMENT
Balloon Mortgage Agreement • April 4th, 2018 • Korth Direct Mortgage LLC • Real estate

THIS MORTGAGE, ASSIGNMENT OF LEASES AND RENTS AND SECURITY AGREEMENT (the "Mortgage") is made and entered into as of the ___ day of December 2017, by RZ GROUP INVESTMENTS, INC., a Florida corporation, hereinafter (“Mortgagor”) and KORTH DIRECT MORTGAGE, LLC ("Mortgagee"), having offices at 2937 SW 27th Avenue Suite 307, Miami, Florida 33133.

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