My Account Deeds.com Real Estate Deeds

Florida Mortgage with Assignment of Rents and Promissory Note

Use this mortgage for financing rental property. The mortgagor/borrower assigns the Lender the right to collect rents. The Lender waives the right to collect rents to the mortgagor/borrower until the occurrence of an event of default under the Promissory Note or the Mortgage. Upon the occurrence of an event of default, upon five (5) days written notice from Lender, the right of Mortgagor/borrower to collect such rents and profits may be revoked by Lender. This mortgage and promissory note can be used for conventional financing or balloon payments. In Florida [every mortgage in which the final payment or the principal balance due and payable upon maturity is greater than twice the amount of the regular monthly or periodic payment of the mortgage shall be deemed a balloon mortgage; and, except as provided in subparagraph 2., there shall be printed or clearly stamped on such mortgage a legend in substantially the following form: THIS IS A BALLOON MORTGAGE AND THE FINAL PRINCIPAL PAYMENT OR THE PRINCIPAL BALANCE DUE UPON MATURITY IS $ , TOGETHER WITH ACCRUED INTEREST, IF ANY, AND ALL ADVANCEMENTS MADE BY THE MORTGAGEE UNDER THE TERMS OF THIS MORTGAGE.] [697.05(2)(a)1]. A mortgage and promissory note with strict default terms can be beneficial to a party financing a real property.
For use in Florida Only.

Deeds.com Florida Mortgage with Assignment of Rents and Promissory Note Forms Have Been Updated as Recently as Monday March 29, 2021

4.8 out of 5 (2594 Reviews)

What others like you are saying:


Lois B. said: It works pretty well, had trouble with the word December. It printed out Decedmber with weird spacing but I think it will be ok.

Reply from Staff: Thank you for the feedback. We will take a look at the date field to see if there are any issues. Have a great day!


DONALD L P. said: HAD WRONG PASSWORD; PROGRAM MADE CHANGE EASY.

Reply from Staff: Thank you!


Gladys F. said: The process was very friendly and easy to use. I appreciated the status updates as well as clear instructions on what was needed to get the file ready for recording.

Reply from Staff: Thank you!


Dina B. said: The web cite is very easy to navigate through making a document process simple to obtain.

Reply from Staff: Thank you!


daniel b. said: nice & easy, site needs to have notification as to security of credit card info. who and how?

Reply from Staff: Thank you for your feedback. We really appreciate it. Have a great day!


Timothy P. said: Straightforward, easy to navigate, saves time and gas = a real value for the price!

Reply from Staff: Thank you for your feedback. We really appreciate it. Have a great day!


Florida Mortgage with Assignment of Rents and Promissory Note Form