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Vermont Secured Balloon Loan Agreement

(for use in Vermont)

This agreement is for a balloon loan, in which the sum is repaid in one lump payment on a predetermined date. The lender is protected by collateral if the borrower is unable to repay.
This agreement is for use in Vermont, although there may be limits on interest rates or other aspects of loaning money.

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This template includes the following paragraphs, among others:

- Loan Amount & Interest
- Payment
- Security
- Costs
- Default
- Governing Law
- Severability
- Maximum Interest
- Waiver of Presentment
- Borrower's Liability
- Cumulative Rights

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