THIS MORTGAGE DEED is made on this day of , 20 by and between [YOUR NAME], residing at [YOUR COMPANY ADDRESS], herein referred to as the “Borrower” and [Bank's/Lender's Name], herein referred to as the "Lender".
The property located at (property address), State of .
The Borrower agrees to pay the total principal amount of dollars (USD $ ), plus interest accrued thereon at the rate of percent ( % ) per annum.
The principal amount together with the interest accrued thereon shall be repaid in ( ) equal successive monthly installments.
In the event of default, the Lender may declare the outstanding balance, together with the interest accrued thereon, immediately due and payable.
For the repayment of the Loan, the Borrower mortgages and warrants to the Lender the Property.
Name: [YOUR NAME]
Date:
Name: [Bank's/Lender's Name]
Date:
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