Simply complete the Mortgage Agreement form below then click on View Results to see your completed contract.
Lawdepot's Mortgage Agreement:
- Allows you to create a mortgage agreement (to borrow against a real estate property) in a matter of minutes.
- Can improve efficiency for financiers, law firms and independent buyers and sellers.
- Can be easily customized, with numerous options such as a Power of Sale Clause and Terms of Repayment.
The following states may use either our Mortgage Agreement or Deed of Trust: Colorado, Idaho, Illinois, Iowa, Maryland, Montana, Nebraska, Oklahoma, Oregon, Tennessee, Texas, Utah, Wyoming, Washington, and West Virginia.
The following states should instead use our Deed of Trust contract: Alaska, Arizona, California, District of Columbia, Georgia, Mississippi, Missouri, Nevada, North Carolina, and Virginia.
We regularly maintain this contract. Last Modified: October 2010
This software has the flexibility to let you quickly create the Mortgage Agreement you want. It does this by providing many options with appropriate defaults.
If you want to fill in a particular item after you have printed the document, you can enter underscore characters (ie. _____). If you are unsure about the name, make sure you have selected a descriptive name if you use a blank line in the place of a parties' name.
Governing Law
Please use our
Deed of Trust contract instead of the Mortgage Agreement for this state.
Please enter the parish that the property is located in. (e.g. Orange)
Please enter the county that the property is located in. (e.g. Orange)
Mortgagor's Information
The person who borrowed money and pledged his/her real property as security.
Mortgagor
| Name: |
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| Mortgagor's Address: |
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(e.g. Street, City, State, Zip Code, Country) |
Mortgagee's Information
The person who is lending the money.
Mortgagee
| Name: |
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| Mortgagee's Address: |
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(e.g. Street, City, State, Zip Code, Country) |
Guarantor's Information
Guarantor
| Name: |
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| Guarantor's Address: |
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(e.g. Street, City, State, Zip Code, Country) |
Property Information
| Property Address: |
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| Legal Description: |
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(e.g. Lot Number, Block Number, Additions, City, Parish, State)
(e.g. Lot Number, Block Number, Additions, City, County, State)
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Terms of Repayment
List the penalty the Mortgagor must fulfill for the privilege of prepaying the entire Principal. (e.g. The Mortgagor must pay $7,000 to the Mortgagee.)
| Location of Repayment: |
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(e.g. Street Address, City, State, Zip Code, Country)
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Please enter the address where the Mortgagor is to make biweekly payments to the Mortgagee.
Please enter the address where the Mortgagor is to make monthly payments to the Mortgagee.
Power of Sale
Allows the Mortgagee to place the mortgaged property for sale, while observing the appropriate applicable law for notice and deadline requirements, if the mortgagor defaults on the mortgage.
The 'Statutory Power of Sale' may not be used to foreclose a mortgage deed granted by a trustee of a trust if at the time the mortgage deed is given the real estate is used exclusively for residential purposes, the real estate has 4 or fewer residential units and one of the units if the principal residence of the owner of at least half of the beneficial interest in the trust. If the mortgage contains a statement that at the time the mortgage is given the real estate encumbered by the mortgage is not used exclusively for residential purposes, the real estate has 4 or fewer residential units and one of the units if the principal residence of the owner of at least half of the beneficial interest in the trust, then the statement will conclusively establish these facts and the mortgage deed may be foreclosed by the power of sale.
Additional Clauses
Signing Details