Mortgage Forms

This Contract for Deed form allows the seller of a property in Alabama to assist the buyer by carrying part or all of the purchase price.

• The seller effectively becomes the mortgage lender for the balance of the purchase money.
• When the seller has received payment in full of the principal and interest, title to the property will be transferred over to the buyer.
• The seller has the right to take back the property if the buyer defaults on the payments.
• 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.
• This legal form is intended to be used solely within the State of Alabama.
• To download the Alabama Contract for Deed form, just put it in your shopping cart, check out and pay with Visa, Mastercard or Paypal.

Alabama mortgage lenders can use this comprehensive template to prepare a mortgage to secure a loan for purchasing a property.

• Uniform Covenants: mortgage payments, taxes and insurance, prior charges on the land, hazard insurance, occupancy as principal residence, care and maintenance of the property, protection of the lender's security, etc.
• False Information. If the borrower gave any false or misleading information on the loan application, the borrower will be in default.
• Default. If the borrower breaches any provision of the agreement and fails to cure the breach, the entire amount of the indebtedness will become due and payable, and the lender may invoke its power to sell the property.
• Homestead. The borrower waives all homestead exemptions.

Alaska is a deed of trust state, and mortgage lenders use this Deed of Trust instead of a mortgage to secure home purchase loans.

• The Deed of Trust conveys title to the property to a third party trustee (often a title company), and not to the borrower.
• The trustee holds the title as security for the loan, to make sure that the borrower makes payments on time and performs its other obligations under the loan agreement and Note.
• If the borrower defaults under the loan agreement or Note, the trustee has the authority to sell the property on behalf of the lender.
• The Deed of Trust contains uniform covenants as well as State-specific non-uniform provisions covering non-judicial foreclosure and power of sale, and the lender's right to demand full payment for repeated breaches.
• The Alaska Deed of Trust form can be re-used for each mortgage loan your office approves. Buy and download the template now.

This template fixed rate Mortgage Note for Alaska is easy to use and understand.

• The borrower will make regular monthly payments to the lender until the maturity date, at which time the balance of the loan will be payable.
• The borrower can prepay some or all of the principal at any time without paying a penalty or prepayment fee. The borrower cannot make a prepayment if any regular payments are outstanding.
• The lender can sue the borrower and obtain a personal judgment for satisfaction of any outstanding amounts, either before or after foreclosure on the property.
• Available in MS Word format.
• Intended to be used only in the State of Alaska.

Assign a mortgage to another mortgagee with this free Alberta Assignment of Mortgage form.

• The current mortgage lender assigns the mortgage loan to a third party (for instance, another lender who is taking over the assets of the existing lender).
• This is a free form available in MS Word format.
• Intended for use only in the Province of Alberta, Canada.

Use this template Collateral Mortgage and Promissory Note for credit facilities in Alberta.

• A collateral mortgage can be used to secure a line of credit, a revolving loan, or other credit facility where the balance owing changes from time to time.
• The borrower is responsible for insuring, repairing, and maintaining the mortgaged property and for paying all taxes and assessments.
• The lender is appointed as the borrower's attorney (agent) for the purpose of recovering any insurance proceeds with respect to the property.
• The lender has power of attorney to sell, lease or encumber the property if the borrower defaults in its obligations.
• The full balance owing is immediately payable if the borrower sells the property or, if the borrower is a corporation, there is a change in control.
• This is a downloadable legal template in MS Word format.
• Intended for use in the Province of Alberta, Canada.

Placing a mortgage on a commercial building? If you have business tenants, you should provide them with a signed Non-Disturbance Agreement from the mortgage lender.

• A non-disturbance agreement is used when a landlord is using the building as security for a loan or other debt.
• The commercial tenants are given a measure of comfort by having the mortgage lender sign the agreement.
• The mortgage lender agrees that if the landlord defaults on the mortgage and the property is foreclosed upon, the tenants will continue to occupy the premises undisturbed, provided that they are not in default under the lease.
• This Agreement is governed by the laws of the Province of Alberta, Canada.
• Available in MS Word format.

Secure a loan with real estate under the terms of this Standard Charge Fixed Rate Closed Term Mortgage for Alberta.

• Renewal. Early renewal privileges, i.e. the mortgage may be renewed on any installment payment date.
• Interest. Interest will be calculated half-yearly, not in advance.
• Property Taxes. The mortgage lender may elect to pay the property taxes when they come due, or elect to have the borrower (mortgagor) pay the taxes.
• Application of Payments. All payments will be applied first to taxes and life insurance (if applicable), then to interest, then to principal, and then to any other moneys owing.
• Leasehold. Optional provisions for a leasehold mortgage.

Never lend large sums of money without adequate security. Download this Alberta fixed rate mortgage form immediately after you purchase it.

Have you found a buyer for your property who can't qualify for a mortgage? Lend them the amount they need with this Vendor Take-Back Mortgage for Alberta real estate properties.

• A vendor take-back mortgage (also known as a 'purchase money mortgage') is often used for real estate transactions between family members.
• The seller (vendor) agrees to carry all or part of the purchase price for the real estate and the buyer will make regular payments to the seller, just as with a regular mortgage.
• The seller has the right to take back the property if the buyer fails to make the payments or meet its other obligations under the mortgage.
• A Vendor Take-back Mortgage is an alternative method of financing a real estate purchase that allows buyers who cannot get a conventional mortgage a chance to own a home.
• This legal document is intended solely for use in the Province of Alberta, Canada.

Because Arizona is a title theory state, mortgage lenders use a Deed of Trust instead of a mortgage to secure repayment of a home buyer's loan.

• Under the Deed of Trust, title to the property is transferred to a trustee (often a title company) who holds it until the borrower has repaid the entire amount of the loan, accrued interest, and any charges associated with the loan.
• If the borrower breaches the Deed of Trust, the lender gives written notice to the borrower specifying what must be done to cure the breach prior to accelerating repayment of the debt.
• If the breach is not remedied, the lender can invoke its power of sale.

The Arizona Deed of Trust template contains standard uniform covenants and State-specific provisions. Buy and download the form and you can use it as often as your business requires.

A Contract for Deed is also known as a land contract or installment sale agreement, because the seller allows the buyer to pay part of the purchase price in installment payments over time.

• The seller retains title to the property until the outstanding balance has been paid by the buyer.
• The template provides for several different methods of payment. Typically payments would be made monthly, with a balloon payment for the remaining balance at the end.
• The buyer is responsible for paying all taxes and assessments, and for keeping the property adequately insured.
• If the buyer defaults in payment, the contract is terminated and all payments made by the buyer are forfeited as liquidated damages. There is no foreclosure process involved.

If you plan to sell a property under an owner-financed arrangement, you should consider the Arkansas Contract for Deed. You can download the template immediately after you pay for it.

Secure a loan for a residential property with this Arkansas Fixed Rate Mortgage.

• The mortgage template contains both uniform (multistate) covenants and non-uniform covenants specifically for the State of Arkansas.
• The mortgage is given as additional security for a loan under a promissory note signed by the borrower.
• The debt secured by the mortgage includes interest and any additional prepayment or late payment charges payable by the borrower.
• This mortgage form is a downloadable and fully editable digital template in MS Word format.
• Intended to be used only in the State of Arkansas.

Canadian mortgage lenders, prepare a Balloon Mortgage Promissory Note with this downloadable template.

• The borrower agrees to make monthly payments against the secured amount, until the date of the final payment.
• The final payment will be a balloon payment in full of the entire balance of principal and interest outstanding at the maturity date.
• The Note is secured by a mortgage on the borrower's property.
• This Canada Balloon Mortgage Promissory Note template is in MS Word format and is easy to download, edit and print.

When a loan on a property secured by a Deed of Trust is paid back in full, the title must be transferred back to the owner under this California Deed of Reconveyance.

• The provisions of the Deed of Trust require the lender to transfer the title from the trustee back to the borrower, but the borrower is usually responsible for paying the costs of the conveyance.
• The digital file includes a Request for Reconveyance form which the lender uses to instruct the trustee to reconvey the title back to the owner.
• The property is transferred back to the owner without warranty.
• Available in MS Word format.
• Intended to be used only in the State of California.

This California Deed of Trust is based on the Fannie Mae / Freddie Mac form and contains all the required standard and non-standard covenants and provisions.

• A Deed of Trust takes the place of a mortgage in California and is used to secure repayment of a home loan.
• Title to the property is transferred to a neutral third party trustee, who holds the title until the loan is paid or the borrower defaults in payment.
• If a borrower breaches the terms of the Deed of Trust and, after receiving written notice of the breach from the lender, has failed to remedy the breach, the lender can accelerate repayment of the balance owing plus costs.
• The lender has the right to invoke a power of sale and have the trustee sell the property at public auction to the highest bidder.
• Available in MS Word format.
• Intended to be used only in the State of California.

A borrower has failed to make a mortgage payment on time and you have filed the appropriate Notice of Default under California Civil Code S. 2924. Now it's time to file the Final Notice of Default.

• The Final Notice of Default must be filed before you can terminate the contract and start foreclosure, eviction or other legal proceedings.
• The form contains a copy of the appropriate sections of the Civil Code.
• This is a reusable legal form. Just fill in the details for each default event and print.

To purchase the Final Notice of Default, add it to your cart and click the Checkout button. When the payment goes through you can download the form and use it immediately.

Mortgage brokers in California can sign up clients for their services with this customizable contract template.

• The borrower retains the broker as its exclusive agent for obtaining mortgage loan approval from a lender.
• The broker will obtain a credit report and property appraisal, and prepare the loan application.
• Provisions covering the broker's compensation based on the rate and fee combination that the borrower chooses.
• The broker agrees that no hidden compensation will be received from the lender or any other source.
• The borrower agrees to provide the broker with truthful and complete information as required for the purpose of the loan application.
• The broker stipulates that there is no guarantee or promise that the borrower will obtain a mortgage loan as a result of the broker's efforts.
• The parties agree to binding arbitration in the event of a dispute.

You can download the Mortgage Broker Agreement right after you purchase it. See how easy your client paperwork can be with a good digital template!

Has a borrower failed to make a payment on time under their mortgage or contract for deed? You can now serve this Notice of Default under Section 2924 of the California Civil Code.

• The Notice must be filed and served properly before you can take possession of the mortgaged property.
• The Notice instructs the borrower on how to remedy the default, and how many days s/he has to take action.
• The form also contains a copy of the applicable Section of the Civil Code.

The foreclosure process starts here. Get your copy of the California Notice of Default form and start the ball rolling.

Replace the property which is collateral for a mortgage with a different one under this Collateral Substitution Agreement.

• This agreement would be used by a mortgage lender in circumstances where a borrower wants to sell their mortgaged property in order to buy another property of approximately equal value.
• The original real estate property is released from the mortgage.
• The borrower's new property replaces the original one as collateral for the mortgage.
• The provisions of the original promissory note and all other loan documentation remain in full force and effect against the borrower and the new property.
• This is a generic legal document for the United States which does not contain any state-specific references.
• Available in MS Word form, fully editable and reusable.

If you have a buyer for your home who can't qualify for a mortgage, you can carry all or part of the purchase price under this Contract for Deed.

• This legal template is governed by Colorado laws.
• A Contract for Deed is also referred to as a purchase money mortgage, owner financed mortgage, land contract, and installment agreement.
• The buyer has possession of the property as long as he/she is not in default.
• The seller can still sell or mortgage the property, but if the seller fails to make the mortgage payments, the buyer has the right to make them and the seller will reimburse the buyer.
• If the buyer defaults the seller can terminate the agreement and retake possession of the property. All payments made by the buyer are forfeited.
• Available in MS Word format.

Secure a home loan in Colorado with this easy-to-use Deed of Trust form.

• The Deed of Trust is used to secure the loan instead of a mortgage.
• A third party trustee must be named to hold title to the property until the loan, interest and any related charges are paid in full. Colorado law requires this to be a public trustee.
• If the borrower breaches the provisions of the Deed of Trust, the home will be foreclosed.
• The form contains all the necessary standard uniform and non-uniform covenants and provisions required by State and federal laws.
• Available in MS Word format.
• Intended for use only in the State of Colorado.

This Colorado Mortgage Promissory Note is part of the required documentation for every home loan.

• Payments. The mortgagor will make regular payments of principal and interest until the balance is paid in full.
• Interest is a fixed rate.
• Acceleration. The balance owing becomes due and payable immediately if the borrower defaults in making any payment.
• Late payments result in late charges being assessed, which are calculated as a percentage of the late payment.
• Prepayment. The borrower may prepay the loan either with or without penalty, at the lender's discretion when writing up the Note.
• Available in MS Word format, easy to download, fill in and print.
• Intended to be used only in the State of Colorado.

• Under the terms of this Contract, 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.

Grant a mortgage over a residential property with this Connecticut Open End Mortgage form.

• The mortgage form contains both uniform (multistate) covenants and non-uniform covenants for acceleration, release / satisfaction, waiver of homestead exemption, and future advance, pursuant to Connecticut laws.
• The mortgage is being granted to the lender as additional security for a mortgage loan, plus any additional prepayment or late payment charges, plus interest on all of the indebtedness.
• This mortgage form is a downloadable and fully editable legal template in MS Word format.
• Intended to be used only in the State of Connecticut.

Canadian mortgage lenders require mortgagors to provide a Declaration of Occupancy as part of the documentation for a residential mortgage loan.

• The purchasers declare that they do or will occupy the property as their principal residence and will not turn it into a rental property.
• The mortgage lender will require this Declaration as evidence that the purchasers plan to live on the property, as a condition of granting the mortgage.
• This form can be used in any Canadian province or territory.
• This is a free digital download.

• Under the terms of this Contract, 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.

Place a mortgage on a residential property with this Delaware Fixed Rate Mortgage form.

• The mortgage form contains both uniform (multistate) covenants and non-uniform covenants for acceleration, future advances, and satisfaction / release in accordance with Delaware law.
• The mortgage is given as additional security for a loan under a promissory note signed by the borrower, plus any additional prepayment or late payment charges, plus interest.
• This mortgage form is a downloadable and fully editable template in MS Word format.
  
• Intended to be used only in the State of Delaware.

Authorize a Canadian business corporation to purchase a mortgage with this template Directors Resolution form.

• The Board of Directors of the corporation approve the purchase of a mortgage from a third party mortgagee.
• This template can be used for federal corporations or for companies incorporated in any province which has a Business Corporations Act.
• This is a downloadable MS Word template.

Prepare a Directors Resolution for a Canadian corporation approving the sale of a mortgage with this free downloadable form.

• The Board of Directors authorizes the sale of a mortgage held as security by the corporation.
• This template can be customized for use under either federal or provincial Business Corporations Act legislation.
• This Canada Directors Resolution to Approve Sale of Mortgage form is in MS Word format.

Before a Canadian corporation can grant a mortgage to a lender, the Board of Directors must pass these resolutions to approve the action.

• The directors authorize the corporation to mortgage certain property to a lender as security for a loan, an operating line or other amounts advanced by the lender to the corporation.
• This downloadable template can be used by corporations incorporated under the Canada Business Corporations Act or under any provincial Business Corporations Act.
• A French language translation may be required for use in Quebec.
• The Directors Resolution to Grant Mortgage form for Canada is a fully editable and easy-to-use MS Word template.

Prepare a Fixed Rate Closed Term Mortgage with this template form for Canada.

• Standard provisions of the mortgage include:
  • Equal monthly payments of blended principal and interest (and taxes, if the lender requires).
  • On default, the lender has the right to take possession of the property by distress warrant or by foreclosing on the property.
  • The lender has the right to bring legal action to recover mortgage arrears and costs, plus interest and any other amounts owing.
• Available in MS Word format.
• This template can be used in most Canadian provinces except for Quebec.

If you are getting a home loan to purchase a property, the mortgage lender may require a Flood Zone Statement before funding the mortgage loan.

• This Flood Zone Statement form must be jointly completed by both the buyer and the seller.
• The seller must state whether or not the property is located in an area that is flood prone, as defined by the National Flood Insurance Act.
• The buyer agrees to obtain any required flood hazard insurance.
• This free form can be used anywhere in the United States.

Florida lenders, prepare a Balloon Mortgage for borrowers with this easy-to-use 17-page template.

• The mortgage contains uniform covenants with respect to payment of principal and interest, taxes and insurance, prior mortgages, preservation of the property, acceleration and remedies on default, and other standard mortgage clauses.
• The mortgage and note securing the mortgage may be sold without prior notice to the borrower.
• The mortgage form includes a Rented Property Addendum to be used if the mortgaged property is rental property.
• This template is in MS Word format and is fully editable. You can download the digital file right after purchasing it.
• Intended to be used only in the State of Florida.

Florida mortgage lenders, prepare a Mortgage Note to secure a balloon mortgage with this easy-to-use template.

• Under this form of Mortgage Note, the borrower agrees to make monthly payments against the secured amount, until the date of the final payment which will be a balloon payment.
• On the final payment date, the entire balance of principal and interest outstanding is due.
• The Note is secured by a mortgage on the borrower's property.
• This form template is available in MS Word format and is fully editable.
• Intended for use only in the State of Florida.

Use this Commercial Mortgage Loan Application for corporate borrowers looking for mortgage funding.

• This application form is intended for use in Florida, but can be adapted for use in any other State.
• Applicants must provide information about the property and any existing mortgages or encumbrances.
• If there are guarantors, their personal details must be provided as well.
• The borrower must disclose the use of the proceeds, and any amounts that the borrower is investing.

The Florida Commercial Mortgage Loan Application form is a free download - just click the Download button to get your copy.

You've found a buyer for your home, but they can't qualify for a conventional mortgage. If you can let them pay the purchase price over time, then this Florida Contract for Deed is for you.

• Under the Contract for Deed (or 'land contract'), the seller essentially becomes the mortgage lender. The buyer makes payments against principal and interest to the seller instead of to a bank.
• At the end of the agreed period of time, the remaining balance is payable in one balloon payment.
• If the buyer defaults, the seller has the right to terminate the agreement and take possession of the property. The buyer would forfeit all payments made.
• Available in MS Word format.
• Intended to be used only in the State of Florida.

If you're funding a loan to a friend or family member which will be secured by a mortgage, you will also need to have them sign this Fixed Rate Promissory Note for Florida.

• The Note provides for equal monthly payments of principal and interest up until the maturity date, at which time any unpaid balance will be paid in full.
• The borrower agrees to pay a late charge on any payment that is not made when it is due.
• There is an acceleration clause which stipulates that if the borrower is in default under the note, the note holder has the option to demand repayment of the entire outstanding balance of principal and interest in 30 days.
• The Florida Fixed Rate Mortgage Note is a downloadable MS Word template. Convenient and easy to use.

Prepare a Fully Amortizing Mortgage for a borrower with this easy-to-use template form for Florida mortgage lenders.

• The mortgage loan is arranged so that it will be fully paid out at the maturity date.
• Uniform covenants with respect to payment of principal and interest, taxes and insurance, prior mortgages, preservation of the property, acceleration and remedies on default, and other standard mortgage clauses.
• If the lender requires it, the borrower shall obtain and maintain mortgage insurance as long as any portion of the mortgage remains outstanding.
• The borrower assigns to the lender all miscellaneous proceeds from the property (insurance proceeds, settlements, awards, etc.).
• The mortgage form includes a Rented Property Addendum to be used if the mortgaged property is rental property.

Once you've purchased the Fully Amortizing Mortgage template, you can download it and use it immediately. Re-use it as often as you need to.

This Mortgage Note is secured by a fully amortizing mortgage on a Florida real estate property.

• Under the Note, the borrower agrees to pay the lender the full amount of the mortgage loan, plus interest at the loan rate.
• Unlike a balloon note, there is no large payment to be paid on the maturity date. The final payment will be a regular payment.
• Payments on the loan will be made monthly.
• The borrower has the right to prepay the Note without penalty.

Get the Florida Fully Amortizing Mortgage Note by putting it in your cart and paying via the secure checkout server.

This customizable Mortgage Brokerage Fee Agreement makes it easy for Florida mortgage brokers to prepare a contract for a new client.

• The client / borrower agrees that the broker will be the sole and exclusive agent for making the mortgage loan application.
• The broker will prepare the mortgage loan application and obtain a credit report and property appraisal.
• In addition to the broker fee paid by the borrower, the broker may receive additional compensation from the funding lender.
• The borrower agrees to pay a non-refundable application fee, which will be credited against the broker's fees at closing.
• The agreement contains the required Florida mortgage broker disclosures.
• The broker does not make any guarantee that the borrower will obtain a mortgage loan as a result of the broker's efforts.
• Available in MS Word format. Fully editable.
• Intended to be used only within the State of Florida.

Georgia lenders can use this template Deed and Promissory Note to secure repayment of a debt from a borrower.

• The Deed and Promissory Note are typically used as security for a mortgage loan in the State of Georgia.
• The borrower conveys title to the property to the lender until the full amount of the indebtedness plus interest is paid in full.
• Once the debt is paid, the lender will reconvey the property to the borrower.
• The lender has the option to declare the whole amount due and payable if the borrower sells the property, or defaults under the loan.
• The lender has the power to sell the property if the loan is not paid by the maturity date.
• The downloadable file includes a Promissory Note.

To get your copy, purchase and download the form. You can personalize it with the details of the borrower and print it for signing.

Secure a mortgage loan on a real estate property in Georgia with this Transfer to Secure Debt form.

• The mortgagor (property owner) transfers the title into the name of the mortgage lender as security.
• The lender has the right to sell the property without foreclosing if the owner defaults in payment.

A Hawaii Agreement of Sale works much like a mortgage, but instead of lending the purchaser the money to buy the property, the seller carries the balance of the purchase price and lets the purchaser pay it off over time.

• The buyer pays a downpayment at the time the Agreement is signed. The buyer then makes monthly payments towards the balance, with a balloon payment of the entire amount outstanding at the end of the payment term.
• The buyer can prepay all or part of the outstanding balance at any time.
• If the buyer defaults in making payments or performing any of its obligations, the seller can immediately demand payment of the entire unpaid balance with interest and take possession of the property.

If your buyer can't get a conventional mortgage, do it yourself. Buy and download the Hawaii Agreement of Sale today.

Place a mortgage on a residential property with this Hawaii Fixed Rate Mortgage form.

• The mortgage form contains both uniform covenants required by federal laws, and non-uniform covenants which are specifically required by Hawaiian laws.
• The mortgage is being granted to the lender as additional security for a mortgage loan, plus interest and applicable charges.
• This mortgage form is a downloadable and fully editable template in MS Word format.
• Intended to be used only in the State of Hawaii.

• Under the terms of this Contract, 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.

Transfer the title to an Idaho real estate property from a seller to a trustee with this Idaho Deed of Trust.

• A Deed of Trust can be used in place of a mortgage in the sale and purchase of real property other than agricultural farm land.
• The title is conveyed by the seller to a trustee instead of to the purchaser. Title to the property is held as security to ensure the purchaser's performance of its obligations (including payment of the purchase price, maintenance and upkeep of the property, payment of taxes, etc).
• If the purchaser defaults in payment, the balance becomes due and payable and the trustee may sell the property.
• The Deed of Trust contains uniform covenants regarding payments, funds for taxes and insurance, prior mortgages, hazard insurance, occupancy as principal residence, care and maintenance of the property, protection of the lender's security, and other standard clauses.
• This form can only be used for properties that are not more than 40 acres in size, or are located within a city or town.

Use this Illinois Fixed Rate Mortgage template to secure a home loan for a residential property.

• The mortgage form contains both uniform covenants under federal law and non-uniform covenants under Illinois law.
• The State-specific covenants cover such things as: acceleration of the loan if the borrower defaults; release and satisfaction of the mortgage upon repayment; waiver of homestead rights; and collateral protection insurance.
• The mortgage secures repayment of the principal amount of the loan, plus interest and any costs or charges payable by the borrower.
• You can re-use the template as often as you like. There are no additional license fees or costs.
• Intended to be used only in the State of Illinois.

When traditional mortgage sources tighten their requirements, some buyers no longer qualify. That's when a vendor assisted solution like this Indiana Contract for Deed is a good alternative.

• A contract for deed can also be used to provide bridge financing.
• The seller essentially takes the role of the mortgage lender and carries the balance of the purchase money.
• The buyer can pay off the balance by (i) monthly payments with interest until all of it is paid, or (ii) monthly payments with interest for a fixed number of payments with a balloon payment at the end.
• 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 is in default.
• Available in MS Word format.
• Intended to be used only in the State of Indiana.

This downloadable Fixed Rate Mortgage template for Indiana makes it easy for mortgage lenders to prepare loan documentation for home loans.

• Besides the standard provisions and covenants required by federal lending laws, the template includes additional provisions in accordance with Indiana Laws:
  • Default, acceleration, and foreclosure.
  • Release of the mortgage once the loan, interest and charges have been paid in full.
  • Waiver of valuation and appraisement.
• If your business offers credit facilities to Indiana homeowners, you should have a copy of this Fixed Rate Mortgage in your electronic documents. Buy, purchase, download, use - it's easy.
• Available in MS Word format.

If you are selling a real estate property in Iowa, you can assist the buyer by carrying part or all of the purchase price with this Contract for Deed (or purchase money mortgage).

• Under the terms of this Contract, 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 and fully editable to fit your exact circumstances.
• Intended to be used only in the State of Iowa.

Place a mortgage on a residential property with this Iowa Fixed Rate Mortgage form.

• The mortgage form contains both uniform (multistate) covenants and non-uniform covenants for acceleration, release / satisfaction, homestead exemption waiver, and redemption period, pursuant to Iowa law.
• The mortgage is being given by the borrower as security in connection with a loan and promissory note.
• This is a downloadable and fully editable legal template in MS Word format.
  
• Intended for use only in the State of Iowa.

Skip the mortgage broker and offer to assist the buyer of your home by carrying the purchase price under this Kansas Contract for Deed.

• A Contract for Deed (also called an installment sale contract or purchase money mortgage) allows the purchaser to make regular payments to the seller in much the same way as a regular mortgage.
• The difference between an installment sale contract and a mortgage is that the seller retains ownership of the property until the entire amount has been paid.
• Kansas law considers the purchaser an 'equitable owner', so the purchaser has many of the rights of an owner except for the ability to sell or transfer the property.
• The seller can foreclose on the property if the buyer defaults in payment and doesn't cure the default within a reasonable period of time.
• A Contract for Deed is an alternative to traditional mortgage financing. To download it, add it to your cart and pay for the form through our secure checkout.
• Intended for use only in the State of Kansas.

Kansas mortgage lenders can easily prepare a fixed rate mortgage on a residential property with this downloadable digital template.

• The mortgage form contains the uniform covenants required by U.S. federal laws.
• The template also includes State-specific provisions for acceleration on default, release of the mortgaged premises when the debt is satisfied, and waiver of redemption.
• The mortgage is collateral security to a home loan agreement and promissory note.
• Available in MS Word format.
• Intended for use only in the State of Kansas.

Place a mortgage on a residential property with this Kentucky Fixed Rate Mortgage form.

• The mortgage form contains both uniform covenants in accordance with federal laws, and additional provisions for acceleration, release / satisfaction, waiver of homestead, taxes, and protective advances, pursuant to Kentucky law.
• The mortgage is being given by the borrower as security in connection with a loan and promissory note.
• This is a downloadable legal template which can be reused as often as you require.
• Available in MS Word format.
• Intended to be used only in the Commonwealth of Kentucky.

A Bond for Deed (also known as a land contract or purchase money mortgage) is a means by which a seller can help a buyer purchase a home by providing owner financing. This is how it works:

• The Bond for Deed is not a sale contract or a transfer. It's basically an agreement to sell, meaning that the property will be conveyed to the buyer once all the terms and conditions have been fulfilled.
• In essence, the seller takes the place of a mortgage lender by allowing the buyer to pay off the purchase price of the real estate property over time.
• Once the final payment is made, the seller will provide the buyer with an executed warranty deed to transfer ownership of the property to the buyer.
• If the buyer fails to make the payments as set out in the agreement, the seller is entitled to keep all payments made and to take possession of the property. The seller is also entitled to keep all improvements made to the property by the buyer.

When it's difficult to get a traditional mortgage loan, the Louisiana Bond for Deed can be a great alternative. Download the template, fill it in, and print it for signature.

This Fixed Rate Mortgage template is for residential home loans in the State of Louisiana.

• Acceleration of the mortgage if the borrower defaults.
• Borrower's right to reinstate after acceleration.
• Lender's right to commence foreclosure proceedings after acceleration.
• Appointment of a keeper after seizure.
• Cancellation after payment in full of the mortgage loan.
• Waiver of homestead rights.
• Inclusion of servitude and component parts under the mortgage.
• Modification of certain provisions for community-owned property.
• Available in MS Word format.
• Intended to be used only in the State of Louisiana.

A contract for deed (or land installment contract) gives a seller of real estate property in Maine a means of selling to a buyer who might not qualify for a traditional mortgage loan.

• The seller takes over the role the mortgage lender by carrying all or part of the purchase price for the property.
• The buyer will make regular payments of principal and interest, or principal only (both options are included in the template - you choose the one that reflects your circumstances.
• Title to the property will transfer to the buyer once the full purchase price (plus interest if applicable) has been paid.
• The seller has the right to take back the property if the buyer defaults under the contract.

A land installment contract makes it easier to sell your property. Buy and download the Maine Contract for Deed form, fill it in and have it signed.

A promissory note is part of every mortgage transaction. Fill in the details and have the borrower sign this Fixed Rate Mortgage Note for the State of Maine.

• The terms of the Note require the borrower to repay the loan by making monthly payments of principal and accrued interest.
• If on the maturity date there remains any amount outstanding, the borrower will pay the balance in full at that time.
• As the note holder, you (the lender) have the right to demand repayment of the entire outstanding balance of the loan, plus interest, if the borrower defaults in making payments.
• This is an easy-to-use legal form template drafted in plain English in accordance with the Maine plain language law.
• To download the Fixed Rate Mortgage Note, add it to your cart and pay for it. You'll have instant access to the form.

Register a mortgage loan on a real estate property in the State of Maine with this Mortgage Deed form.

• The Mortgage Deed sets out the total amount of the loan, the interest rate, and the amount of the payments to be made by the borrower.
• The form references the statutory condition set out in MRS Title 33, Section 769, and a copy of the statutory condition is included for your convenience.
• This is a digital download in MS Word format.
• Intended to be used only in the State of Maine.

• Under the terms of this Contract, 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.

Transfer a Maryland real estate property from a seller to a trustee with this downloadable Deed of Trust form.

• Maryland is a "Deed of Trust state" and typically, a Deed of Trust is used instead of a mortgage loan to finance the purchase of real estate.
• Title to the property is conveyed by the seller to a trustee instead of to the purchaser. The trustee holds the title as security to ensure that the purchaser makes the loan payments on time and honors its obligations under the loan.
• If the purchaser defaults, the balance of the loan becomes immediately payable and the trustee may sell the property to satisfy the debt.
• The Deed of Trust contains uniform covenants regarding payments, funds for taxes and insurance, prior mortgages, hazard insurance, occupancy as principal residence, care and maintenance of the property, protection of the lender's security, and other standard clauses.

When you're loaning money for a real estate transaction, you want to be repaid. Get the borrower to sign this Maryland Deed of Trust form and be confident that your interest is secured.

This Massachusetts Contract for Deed form offers buyers and sellers an alternative to traditional mortgage financing for the purchase of a residential property.

• The seller basically takes on the role of the mortgage lender, and the buyer makes monthly payments against the purchase price.
• Interest accrues on the unpaid balance.
• If the buyer defaults in making payments or in performing its other obligations under the contract, the seller must serve notice of the default with a date by which the breach must be cured.
• If the breach is not cured within the allotted time, the seller can retake possession of the property. All of the payments made by the buyer would then be forfeited.

You can download the Massachusetts Contract for Deed template as soon as you purchase it.

Secure a home loan for a Massachusetts real estate property with this standard form Residential Mortgage template.

• The Mortgage contains all the uniform standard covenants and provisions required under U.S. federal mortgage lending laws.
• The form also includes non-uniform provisions in accordance with Massachusetts law, such as statutory power of sale on default by the borrower.
• The borrower waives all homestead exemptions and dower rights in the property.
• Available in MS Word format.
• Intended to be used in the Commonwealth of Massachusetts.

• Under the terms of this Contract, 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.

Secure a loan on a residential single-family home in Michigan with this fixed rate mortgage template.

• The mortgage form contains the standard uniform covenants under federal mortgage lending regulations.
• It also contains additional provisions required by Michigan laws, including acceleration and sale clauses, and release and discharge of the mortgage by the lender when it is paid in full.
• The mortgage secures repayment of the loan in conjunction with a promissory note signed by the borrower.
• This standard form legal template is downloadable and reusable.
• The form is available in MS Word format.
• Intended for use only in the State of Michigan.

Sell a real estate property to a buyer over time under the terms of this Minnesota Contract for Deed.

• Under the terms of this Contract (also known as a land contract), the seller in essence becomes the mortgage lender by allowing the purchaser to pay off the purchase price over time.
• Once the purchaser has paid all of the remaining balance, plus interest, the seller will transfer ownership of the property to the purchaser.
• If the purchaser fails to make the payments, the seller has the right to take back the property and keep all of the money that the purchaser has paid, as liquidated damages.

Register this Residential Mortgage against a Minnesota real estate property as security from the homeowner for a home equity loan.

• The mortgage form contains the standard uniform covenants under federal mortgage lending regulations.
• It also contains additional provisions required under Minnesota law, such as acceleration and sale clauses and waiver of homestead exemption to ensure that the borrower cannot protect the property against sale by the lender if the borrower defaults.
• The mortgage secures repayment of the loan in conjunction with a promissory note signed by the borrower.
• Add the form to your shopping cart and go through the checkout. You can download the digital file as soon as you've paid.
• Available in MS Word format.
• Intended to be used only in the State of Minnesota.

• Under the terms of this Contract, 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.

Transfer title of a Mississippi real estate property from a seller to a trustee with this Mississippi Purchase Money Deed of Trust.

• A Deed of Trust is often used instead of a mortgage in the sale and purchase of real property.
• Title to the property is conveyed to the trustee instead of to the buyer. The title is then held as security to ensure the buyer's performance of its obligations (including payment of the purchase price, maintenance and upkeep of the property, payment of taxes, etc).
• If the buyer defaults in payment, the balance becomes due and payable and the trustee may sell the property.
• The buyer is responsible for paying all taxes, assessments, liens and other charges against the property.
• The lender has the right to appoint a successor trustee at any time, at its option.
• This legal form template is provided in MS Word format and is fully editable to meet your needs.
• Intended for use only in the State of Mississippi.

In Missouri, a Contract for Deed (also called a land contract or an installment purchase agreement) is used to sell real estate in circumstances where conventional mortgage financing may not be available to the buyer.

• The seller basically takes over the role of the mortgage lender. The buyer pays the purchase price in installment payments until the principal and interest is paid in full.
• Title to the property remains in the seller's name until the full amount has been paid, at which point the seller transfers and conveys the title to the buyer.
• The seller can foreclose on the property if the buyer defaults in making payments.
• This is a downloadable legal form in MS Word format.
• Intended for use only in the State of Missouri.

This Montana Deed of Trust form conveys a real estate property from a seller to a trustee instead of a purchaser, under the Small Tract Financing Act.

• A Deed of Trust is often used instead of a mortgage in the sale and purchase of real property other than agricultural farm land.
• Title to the property is conveyed by the seller to a trustee instead of to the purchaser. The title is then held as security to ensure the purchaser's performance of its obligations (including payment of the purchase price, maintenance and upkeep of the property, payment of taxes, etc).
• If the purchaser defaults in payment, the balance becomes due and payable and the trustee may sell the property.
• The Deed of Trust contains uniform covenants regarding payments, funds for taxes and insurance, prior mortgages, hazard insurance, occupancy as principal residence, care and maintenance of the property, protection of the lender's security, and other standard clauses.
• The property must not exceed 40 acres in area.
• The form includes a Waiver of Homestead Exemption Rights in accordance with State law.
• Available in MS Word format.
• Intended to be used only in the State of Montana.

Amend or renew a mortgage on a residential property in Canada with this Mortgage Amending or Renewal Agreement.

• Any changes to the mortgage, and any renewal of the mortgage, must be done in writing and signed by both parties. The mortgagor (borrower) and mortgagee (lender) agree to renew the mortgage and amend the following provisions of the original loan:
  • the term of the renewal period,
  • the adjusted interest rate,
  • the adjusted payment amount,
  • the payment frequency (monthly, weekly, bi-monthly).
• NOTE: This is not a bank form. Each commercial lender has its own forms. This form is for privately placed mortgages.
• Available in MS Word format.
• Intended to be used only in Canada.

This template is for a mortgage as security to back a loan agreement in a syndicated land investment in Canada.

• The mortgage and the underlying loan agreement form part of a syndicated mortgage transaction.
• The fractional interests are being offered to investors as a means to raise capital for developing the lands being mortgaged.
• The mortgagor can prepay the mortgage in whole or in part at any time, on 30 days notice, without bonus or penalty.
• The mortgagor promises to pay all prior mortgages on the property as they become due. Any default under a prior mortgage will be deemed a default under this mortgage.
• This legal form template is available in MS Word format.
• Intended for use only in Canada.

This free Fannie Mae/Freddie Mac 1-4 Family Rider is used if you are mortgaging a rental property with 1 to 4 units.

• The Rider should be attached to the mortgage, deed of trust or security deed, to amend and supplement the security instrument.
• The borrower agrees that the mortgage lender can collect the rents on the property if the borrower defaults under the Note. This is called an assignment of rents.
• Form 3170 USA Multistate 1-4 Family Mortgage Rider is a free form which can be downloaded directly from the FannieMae.com website.

This free Adjustable Rate Rider (1 Year Treasury Index - Rate Caps) is used to adjust the interest rate and monthly payments under the mortgage note.

• Once it's been signed, the Rider will form part of the mortgage, deed of trust or security deed.
• The borrower agrees that the interest rate may change once in each 12-month period.
• The new rate will be based on a weekly average yield on US Treasury securities adjusted over a 1-year maturity.
• The interest rate will not increase or decrease more than the percentage amount stated in the Rider.
• This Rider is for mortgages on single-family homes.
• Fannie Mae/Freddie Mac Form 3108 USA Multistate Adjustable Rate Mortgage Rider is a free MS Word document from freddiemac.com.

Attach the Multistate Biweekly Payment Rider (Fixed Rate) to the mortgage document when a borrower wants to make the mortgage payments every two weeks instead of monthly.

• The Rider will become part of the mortgage or deed of trust and supplements the provisions of the loan document.
• The form sets out the amount of the biweekly payment, and the late charge that will be paid if a payment is not made in full when it is due.
• This Rider is for fixed rate mortgages on single-family homes in the United States.
• Download a free copy of the Fannie Mae/Freddie Mac Form 3177 Multistate Biweekly Payment Rider (Fixed Rate).

The USA Multistate Condominium Mortgage Rider should be attached to mortgage documents for single family condominiums.

• The Rider will become part of the mortgage or deed of trust and supplements the provisions of the loan document.
• The borrower agrees to perform all of the obligations under the Declaration, bylaws, and other documents governing the condominium property.
• The owners' association must maintain blanket property insurance and public liability insurance on the condominium project.
• Free downloadable Form 3140 from FreddieMac.com.

This Monthly Multistate Fixed Rate Note can be used to secure repayment of a mortgage almost anywhere in the United States.

• This is a promissory note. The borrower promises to repay the principal amount of the loan, plus interest at the specified rate.
• Payments will be made monthly and will be applied first to late charges (if any), then to accrued interest, and then to principal.
• The loan will accelerate if the borrower defaults, and the entire amount owing on the loan will become immediately payable, at the option of the lender.
• The Note can be used in conjunction with a mortgage, a deed of trust or a security deed.
• Available in MS Word format.
• Intended to be used onlyl within the United States.

Attach this PUD Mortgage Rider to mortgages for single family residences that are part of a planned unit development (PUD).

• The Rider will become part of the mortgage or deed of trust and supplements the provisions of the loan document.
• The borrower agrees to perform all of its obligations under the Declaration, bylaws, and other documents governing the PUD property, and to pay all dues and assessments when they become due.
• The PUD owners' association must maintain blanket property insurance and public liability insurance on the condominium project.
• If the borrower fails to pay dues and assessments when they become due, the lender may pay them, and they will form part of the debt owed by the borrower.
• Form 3150 USA Multistate Planned Unit Development (PUD) Mortgage Rider is a free download from FreddieMac.com.

This Second Home Mortgage Rider should accompany every mortgage on a single family residence which the borrower will use only as a second home (including vacation properties).

• Once it has been signed, the Rider becomes part of the mortgage or deed of trust and amends or supplements the provision of the main document.
• The property can only be used by the borrower as a second home, for the exclusive use of the borrower.
• The property must not be used for timesharing or any other form of shared ownership arrangement, and cannot be rented out.
• Free Fannie Mae / Freddie Mac Form 3890 available in PDF format.

A Contract for Deed (also called a land contract) is a form of seller financing that gives Nebraskans who can't qualify for regular mortgage financing a chance to purchase a home.

• The buyer will pay an initial downpayment, and then pay off the balance in regular payments.
• This template contains several alternate provisions for payment options, one with a balloon payment at the end.
• There are also alternate provisions for interest or no interest (for instance, if you were carrying the balance for a family member you might choose not to charge interest).
• You can choose the appropriate clauses for payment of taxes, insurance and assessments, based on whether the purchaser or the seller will be paying those expenses.

The Nebraska Contract for Deed allows many more first-time home buyers to get into the property market. You can download the digital template right after purchasing it.

A Deed of Trust is often used instead of a mortgage when securing a loan to purchase real estate (except for agricultural land) in the State of Nebraska.

• Under the Deed of Trust, title is conveyed from the seller to a trustee (such as title company) who then holds the property as security during the term of the mortgage loan.
• If the purchaser defaults under the Deed of Trust or the note, the trustee has the power to sell the property.
• The Deed of Trust contains uniform covenants regarding loan payments, hazard insurance, realty taxes, care and maintenance of the property, protection of the lender's security, and other standard clauses.
• Available in MS Word format.
• Intended to be used only in the State of Nebraska.

A contract for deed (also called an installment sales contract or land contract) gives sellers an opportunity to sell a real estate property to a buyer who does not qualify for a conventional mortgage loan. This template is for the State of Nevada.

• The contract for deed is an owner financed transaction in which the seller also becomes the mortgage lender.
• Even though the buyer takes possession of the property, title remains with the seller until all of the purchase price, plus interest (if any), has been paid in full.
• The seller has the right to repossess the property if the buyer fails to keep up the payments.
• The template includes several different repayment methods. Just choose the one you want and delete the others.

When selling to a family member or close friend, a Contract for Deed is often a good solution. To get the Nevada form, add it to your cart and proceed through the secure checkout. Once you've paid you can download the form.

Home loans in Nevada are usually secured by a Deed of Trust instead of a mortgage. This downloadable template is for residential properties.

• Do not use the Deed of Trust for farm land.
• The property is conveyed to a trustee (such as a title company), to hold in trust as security to make sure the borrower / purchaser pays off the loan and performs its other obligations with respect to maintenance and upkeep, payment of taxes, insurance, etc.
• The document contains specific provisions with respect to the lender's power of sale under Nevada law, in the event the borrower defaults in making payments or performing its obligations.
• The lender has the right to remove and replace the trustee at any time.

Download a copy of the Nevada Deed of Trust by adding it to your cart and paying via the secure checkout system.

• Under the terms of this Contract, 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.

This Fixed Rate Promissory Note is part of the documentation that a borrower must sign when obtaining a mortgage loan in the State of New Hampshire.

• The borrower agrees to make equal monthly payments of principal and interest until the maturity date of the mortgage. On that date, the borrower will pay the remaining outstanding balance in full.
• The note holder has the option to accelerate the mortgage if the borrower is in default under the note. In other words, the note holder can demand repayment of the entire outstanding balance of principal and interest.
• If the borrower takes legal action against the note holder and is successful, the court will award reasonable attorneys' fees to the borrower.
• This is a downloadable MS Word template which is written in plain language.
• Intended to be used only in the State of New Hampshire.

Place a mortgage on a residential property in New Hampshire with this fixed rate mortgage form.

• The mortgage form contains both uniform (multistate) covenants and non-uniform covenants specific to New Hampshire law, including how attorneys' fees will be awarded in the event of a lawsuit.
• The mortgage is being granted to the lender as additional security for a mortgage loan, plus any additional prepayment or late payment charges, plus interest on all of the indebtedness.
• This is a standard form of mortgage for a single family dwelling.
• Available in MS Word format.
• Intended to be used only in the State of New Hampshire.

• Under the terms of this Contract, 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.

Secure a loan on a residential property with this New Jersey fixed rate mortgage form.

• The mortgage form contains standard multi-state covenants in accordance with federal laws, and additional covenants specific to New Jersey law, including provision for foreclosure.
• The mortgage is being granted to the lender as security for a mortgage loan, in addition to a promissory note.
• The borrower promises not to make a claim for a tax credit in connection with the mortgage.
• This is a standard form of mortgage for a single family dwelling.
• Available in MS Word format.
• Intended to be used only in the State of New Jersey.

If a buyer who is interested in your property cannot qualify for conventional mortgage financing, you can assist by carrying part or all of the purchase price under this Contract for Deed (or Land Contract).

• Under the terms of this Contract, 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.

The New Mexico Contract for Deed form is available in MS Word format and easy to use.

Prepare a Deed of Trust for a New Mexico real estate purchase with this downloadable template form.

• A Deed of Trust is used in place of a mortgage as security to repay a purchase loan for real property (except for agricultural farm land).
• The title deed is conveyed by the purchaser (borrower) to a trustee, who holds it on behalf of the lender to secure the borrower's repayment of the debt under the promissory note and performance of the borrower's obligations under the Deed of Trust.
• If the borrower defaults, the balance becomes due and payable and the lender may foreclose and cause the trustee to sell the property.
• The Deed of Trust includes standard covenants as required under federal laws.
• The redemption period after judicial or non-judicial sale of the property is set at one month.
• If the borrower is in default, the lender has the right to appoint a receiver over the property.
• Available in MS Word format.
• Intended to be used only in the State of New Mexico.

• Under the terms of this Contract, 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.

Prepare a Fixed Rate Promissory Note for a mortgage loan with this downloadable template for New York State.

• This Note provides for monthly payments of principal and interest.
• If there is any amount still outstanding on the maturity date, the borrower agrees to pay the full balance owing.
• If the borrower defaults in any payments, the note holder has the option to demand repayment of the entire outstanding balance of principal and interest.
• The borrower promises to pay the note holder's costs of enforcing the note, including attorneys' fees.
• This is a plain language legal form which is governed by the laws of the State of New York.

Place a mortgage on a residential property in New York with this plain-language standard form.

• The mortgage form contains both uniform covenants pursuant to federal laws, and additional provisions for foreclosure and sale, and the borrower's promise to comply with Section 13 of the New York Lien Law.
• The document is written in accordance with the New York Plain English Law.
• This is a downloadable legal template which can be used for single family or multi-unit dwellings.
• Intended for use only in the State of New York.

Prepare a Subordination of Mortgage Agreement with this template form for New York lenders.

• Under the Subordination Agreement, the holder of a first mortgage on a property (the original lender) agrees to allow its mortgage to be subordinated to a new mortgage being placed on the property.
• The new mortgage will become the first charge.
• The purpose of the agreement is to induce the new lender to approve the new mortgage.
• Available in MS Word format and fully editable.
• Intended to be used only in the State of New York.

A Contract for Deed is used when you want to sell a property in North Carolina and you plan to finance the purchase by allowing the buyer to pay the purchase price over time.

• The Contract for Deed is also called an installment agreement, land sale contract, or purchase money mortgage because the seller is basically assuming the role of a mortgage lender.
• The template contains several alternate payment clauses with different methods of repaying the loan plus interest (if any). Use the clause that reflects your agreement with the buyer, and delete the others.
• The buyer can take possession of the property but the seller remains the owner on the title deed until everything owing under the contract is paid.
• If there is already a mortgage on the property, the seller remains responsible for making the payments.

Owner financing is a great option in cases where the buyer cannot get a conventional mortgage loan. To access the digital file, click 'Add to Cart' and go through the checkout.

In North Carolina, a Deed of Trust is used instead of a mortgage to secure repayment of a new home loan.

• A Deed of Trust can be used for any real estate property except for agricultural farm land.
• A trustee, such as a title company, holds the title as security to ensure that the borrower makes the loan payments on time, pays the taxes, maintains and keeps the property in good condition, and fulfills all of its obligations.
• Just like with a mortgage, if the purchaser defaults in making any payments, the entire balance immediately becomes due and the trustee can sell the property.
• The Deed of Trust contains uniform covenants as required by federal laws, as well as specific clauses under North Carolina statutes.
• Any attorney's fees payable by a party under the Trust Deed must be reasonable.
• Available in MS Word format.
• Intended to be used only in the State of North Carolina.

Secure repayment of a home loan with this Mortgage Note for North Carolina, which is backed by a mortgage against the borrower's property.

• Repayment of the principal and interest will be made in regular equal monthly installments.
• The borrower has the right to prepay all or part of the principal at any time without a penalty or premium being charged.
• If the borrower defaults in making any payment when it becomes due, the entire balance together with interest becomes immediately due and payable at the option of the lender.
• Each of the persons signing the note is jointly and severally obligated and the lender may enforce its rights against each person individually or against them all together.
• Available in MS Word format.
• Intended to be used only in the State of North Carolina.

Owner financing is an alternative to a traditional mortgage for real estate sales where a buyer can't qualify for a mortgage. In that case you can use this Contract for Deed template to finance all or part of the purchase price.

• This template is only for North Dakota.
• The seller remains on title as the owner of the property, even though the buyer takes possession. Once the purchase price is paid off, the seller will transfer ownership to the buyer.
• If the buyer fails to keep up the payments, the seller can repossess the property. The buyer forfeits all of the payments made as liquidated damages.

When mortgage funding is hard to come by, the North Dakota Contract for Deed makes it easier for buyers to become home owners. Download your copy now.

Secure a loan on a residential single-family home with this fixed rate mortgage form for North Dakota.

• The mortgage form contains both uniform multi-state covenants under federal laws, and additional provisions specific to North Dakota law, including foreclosure and sale upon default, and waiver of homestead exemption.
• The purpose of the mortgage is to protect the lender's security interest and ensure that the borrower makes the payments and complies with the terms of the mortgage note.
• This standard form legal template is downloadable and reusable.
• Available in MS Word format.
• Intended to be used only in the State of North Dakota.