Financial Forms

If you are selling property in South Dakota to a buyer who can't qualify for a mortgage, you can carry all or part of the purchase price with this Contract for Deed.

• A contract for deed (or purchase money mortgage) allows a buyer to pay over time, with the seller carrying the balance until the last payment is made. The seller effectively becomes the mortgage lender for the balance of the purchase money.
• Title will transfer to the buyer once payment in full of all principal and interest has been received by the seller.
• The seller has the right to take back the property if the buyer defaults in payment.
• At the seller's option, the balance can be repaid by monthly payments with or without interest until paid, or monthly payments with interest for a fixed number of payments with a balloon payment at the end to pay out the balance.
• Available in MS Word format.
• Intended to be used only in the State of South Dakota.

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Take out a mortgage on a home in South Dakota with this 180-Day Redemption Mortgage.

• The mortgage form contains standardized uniform multistate covenants under federal mortgage regulations.
• It also contains additional covenants specific to South Dakota law, including provisions for foreclosure, waiver of homestead exemption, and an agreement that the mortgage will be subject to the One Hundred Eighty Day Redemption Mortgage Act.
• This is a standard type of mortgage for residential single family dwellings.
• Available in MS Word format.
• Intended to be used only in the State of South Dakota.

This Statement of Occupancy and Financial Status forms part of the documentation for a real estate purchase loan in South Dakota.

• The purchasers of the property must make the Statement and give it to the mortgage lender and to FHA, FNMA, FHLMC, or Department of Veterans Affairs (as applicable).
• The purchasers certify that they will occupy the property after closing.
• The purchasers also confirm that there has been no significant change to their financial status since their mortgage loan application.

The South Dakota Statement of Occupancy and Financial Status is a free form that you can download and fill in.

Land developers, get an extension of time to repay a mortgage loan on your development properties by inducing the lender to sign this Standstill Agreement.

• The lender agrees to stand still on recovering repayment of the borrower's mortgage for the time being, in return for which the borrower agrees to provide the lender further security for its indebtedness, including a foreclosure order on development properties on which the lender holds the mortgage.
• The borrower agrees to assign to the lender the proceeds from the sale of lots in the development.
• Each payment made by the borrower will entitle the borrower to an extension of thirty days to repay the indebtedness (to a maximum of 2 extensions).
• The status of the financing and the borrower's financial situation will be reviewed monthly by the lender.
• This is a generic legal document which is not specific to any country or region.
• This form is provided in MS Word format and is fully editable to fit your circumstances.

Download this free Statement of Amount Owing on Mortgage for Canadian mortgage lenders.

• This form is typically used when a mortgaged property is being sold and the mortgage is being paid out from the sale proceeds.
• The Statement sets out the principal and interest amounts owing up to the date of the statement, with a per diem thereafter, and the terms of repayment.
• This is a free downloadable MS Word document.
• Intended for use only in Canada.

Investors in an RRSP-eligible investment in Canada must provide this Statutory Declaration as part of the required documentation.

• This form of Declaration would be used by an investor purchasing shares in a Canadian corporation pursuant to a private placement offering.
• The declaration is required for the purpose of putting the investment through the investor's Registered Retirement Savings Plan (RRSP).
• Available in MS Word format. Re-usable and customizable.
• Intended to be used only in Canada.

Get an existing creditor to allow a new lender's security to take priority under this short-form Subordination Agreement.

• The secured creditor agrees to subordinate its security interest in a borrower's personal property (inventory, equipment, accounts, book debts) to the new lender's security interest.
• The Agreement is being signed as an inducement for the new lender to provide loan financing or credit facilities to the borrower.
• This is a generic legal form which can be used in many countries.
• Available as a downloadable MS Word document.

Prepare a Subordination Agreement between two lenders with this long form template.

• The purpose of the Subordination Agreement (also called a Postponement Agreement) is to induce a new lender to extend a loan to a borrower.
• One lender (postponing creditor) agrees to subordinate and postpone its security interest under a loan agreement or similar instrument to the interest of a second lender (senior creditor) until the indebtedness owing to the senior creditor has been satisfied.
• If the borrower's assets are distributed among its creditors, the indebtedness owing to the senior creditor would be paid out first, before distribution to any other creditors.
• If the borrower is not in default under its obligations to the senior creditor, it may continue to make payments to the postponing creditor in accordance with the terms of the agreement.
• If the borrower is in default under its obligations to the senior creditor, no payments on the subordinated indebtedness shall be made by the borrower. If the postponing creditor receives any such payments, it must pay them over to the senior creditor.
• This generic Subordination Agreement is provided in MS Word and is fully editable to meet your needs.

This simple short-form Subordination Agreement can be used by lenders anywhere in the United Kingdom.

• The Agreement is between two creditors who have both provided lending or credit facilities to the debtor.
• The second creditor agrees to subordinate its claims against the debtor to the claims of the first creditor.
• The subordination covers the whole amount of the creditor's secured and unsecured claims, and is for an unlimited duration.
• This form is provided in MS Word format. It is customisable and easy to use.
• Intended to be used only in the United Kingdom.

Prepare a Subscription Form for Warrant Shares with this easy template form for Canada.

• The shares will be issued to a warrant holder exercising his/her warrants according to the terms of the Warrant Indenture.
• The warrant holder must complete the Subscription Form and send it to the corporation along with the purchase price for the shares.
• This form is available as a downloadable and fully editable template.
• Intended for use only in Canada.