Borrower means each person signing at the end of this note. The interest rate required by this section 2 is the rate i will pay both before and after any default described in section 6b of this note. Capitalized terms used in this note and not defined herein shall have the meaning given them in the security documents. In the united states, a mortgage note is a promissory note secured by a specified mortgage. Multistate fixed rate note single familyfannie maefreddie mac uniform instrument form 3200 101 page 2 of 3 pages if lender exercises this option, lender shall give borrower notice of acceleration. Multistate fixed rate note single familyfannie maefreddie mac uniform instrument form 3200 101 page 2 of 3 pages if lender exercises this option, lender shall. A fixedrate mortgage is a mortgage that has a fixed interest rate for the entire term of the loan. For the model adjustable rate note form, see hud 4155. Eligible mortgages 15, 20, 30 and 40 year fixed rate mortgages all arms are eligible for sale under the wac arm guarantor program through the selling system. An amount paid to the lender, typically at closing, in order to lower the interest rate. Notes for regularly amortizing mortgages include the fannie maefreddie mac uniform fixed rate notes and the fannie maefreddie mac uniform adjustable rate notes and other notes that fannie mae has developed for. Virginia interestonly period fixed rate notesingle familyfannie mae uniform instrument form 3271. Mortgage closing documents consumer financial protection bureau. Florida fixed rate note single family mortgage form 3210 fill.
The nondefault interest rate hereunder shall be fixed at a rate of % percent per annum. Interest interest will be charged on unpaid principal until the full amount of. Word multistate fixed rate notesingle familyfannie maefreddie mac uniform. Arm loans and sarm loans with the conversion option can convert to a fixed rate mortgage loan in accordance with the terms of the loan documents.1490 989 815 1241 1292 1104 935 77 1140 808 979 1385 151 397 1176 997 588 318 12 1439 729 1541 51 105 677 732 576 345 610 576 140 811 1118 870 1070 1084 853 661 337 948 715 1275 1402 580 1288 767 1308