BASIC DEED

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".

I. The Property

The property located at                             (property address), State of                                                           .

II. The Loan

The Borrower agrees to pay the total principal amount of                               dollars (USD $                 ), plus interest accrued thereon at the rate of                  percent (              % ) per annum.

III. Repayment Terms

The principal amount together with the interest accrued thereon shall be repaid in                            (                            ) equal successive monthly installments.

IV. Default

In the event of default, the Lender may declare the outstanding balance, together with the interest accrued thereon, immediately due and payable.

V. Security

For the repayment of the Loan, the Borrower mortgages and warrants to the Lender the Property.

VI. Signatures

Name: [YOUR NAME]
Date:                             

Name: [Bank's/Lender's Name]
Date:                             

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