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1. Parties: Identification of the borrower(s) and lender(s)
2. Promise to Pay: Unconditional promise to pay a specific sum
3. Payment Terms: Amount, interest rate, payment schedule, and maturity date
4. Security Interest: Description of the mobile home serving as collateral
5. Default Provisions: Consequences of failure to make payments
1. Prepayment Provisions: Terms for early repayment, use when early repayment is permitted
2. Late Payment Charges: Additional fees for delayed payments, include if applicable
3. Insurance Requirements: Mandatory insurance terms, include if required by lender
4. Co-signer Provisions: Terms for guarantors, include if there are co-signers
1. Schedule A - Mobile Home Description: Detailed description of the mobile home including serial number, make, model
2. Schedule B - Payment Schedule: Detailed amortization schedule showing payment dates and amounts
3. Schedule C - Insurance Requirements: Specific insurance requirements and minimum coverage amounts
4. Appendix 1 - Mobile Home Title: Copy of the mobile home title documentation
Payment Terms
Interest Rate
Security Interest
Default
Remedies
Prepayment
Representations and Warranties
Insurance
Maintenance
Assignment
Notices
Amendments
Governing Law
Jurisdiction
Severability
Waiver
Force Majeure
Title Transfer
Site Requirements
Registration
Acceleration
Late Payment Charges
Collection Costs
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