Lost Note Affidavit (Commercial Property Loan) (Florida)

The Lost Note Affidavit (Commercial Property Loan) (Florida) legal template pertains to a specific scenario within the context of commercial property loans in the state of Florida, United States. In this scenario, the original promissory note, which serves as evidence of the borrower's promise to repay the loan, has been misplaced, lost, or destroyed. This legal template provides a standardized document to be used by lenders or their representatives when addressing such a situation.

The Lost Note Affidavit allows lenders to formally acknowledge the loss of the original promissory note and outline the circumstances surrounding its disappearance. The affidavit not only serves as a legal affidavit but also allows the lender to make a sworn statement, under oath, verifying that the details provided are accurate and true to the best of their knowledge.

By completing this template, the lender can formally notify the borrower, relevant authorities, and other interested parties that the original promissory note is no longer in their possession and that it cannot be presented for cancellation or discharge. This affidavit typically includes specifics such as the borrower's information, loan details, and a statement confirming the lender's right to enforce the loan agreement despite the absence of the original note.

The purpose of this document is to establish legal grounds for the lender to continue pursuing the borrower for loan repayment without presenting the original promissory note as evidence. This template offers a comprehensive framework to ensure compliance with Florida law and can provide clarity for all parties involved during this complex legal process.