Mortgage Deed Agreement

This Mortgage Deed is made on [Date], between, [Your Company Name], a financial institution organized and existing under the laws of [Jurisdiction], with its principal office located at [Your Company Address] ("Lender"), [Borrower's Name], residing at [Borrower's Address] ("Borrower").

_____________________________________________________________________________________

I. Background

Whereas, the Borrower is desirous of obtaining a loan from the Lender to purchase the property described below, and the Lender is willing to lend the Borrower the amount required subject to the terms set forth herein.

_____________________________________________________________________________________

II. Property

The Borrower hereby mortgages to the Lender the following property:

• Property Address: [Complete Address of the Property]

• Legal Description: [Legal Description of the Property as per Deed or Survey]

_____________________________________________________________________________________

III. Loan Amount and Terms

Loan Amount

• The principal amount of [Loan Amount in Words] ($[Loan Amount in Numerals]).

Interest Rate

• The interest rate on the loan shall be [Interest Rate]% per annum.

Repayment Terms

• The loan shall be repaid in [Number of Years] years in [Number of Installments] equal monthly installments of $[Monthly Payment Amount], commencing on [Date of Repayment].

_____________________________________________________________________________________

IV. Covenants and Agreements

Payment of Principal and Interest

• The Borrower agrees to pay the Lender the principal amount of the loan plus interest by the repayment terms mentioned herein.

Property Insurance and Taxes

• The Borrower agrees to keep the property adequately insured against loss and damage and to pay all property taxes and assessments when due.

Maintenance of Property

• The Borrower shall maintain the property in good condition throughout the term of this Mortgage Deed.

Default

• In the event of default by the Borrower in making any payment or performing any covenant herein, the Lender shall have the right to enforce its remedies as provided by law.

_____________________________________________________________________________________

V. Legal Notices

All notices required or permitted under this Mortgage Deed shall be in writing and sent to the parties at their respective addresses mentioned above.

_____________________________________________________________________________________

VI. Governing Law

This Mortgage Deed shall be governed by and construed by the laws of [Jurisdiction].

_____________________________________________________________________________________

VII. Execution

This Mortgage Deed is executed as of the date first above written.

[YOUR COMPANY NAME]

Date:                               

[BORROWER NAME]

Date:                               

_____________________________________________________________________________________

This deed was acknowledged before me on this date by [YOUR COMPANY NAME], Lender, and [BORROWER'S NAME], Borrower.

[NOTARY PUBLIC]

Date:                               

My commission expires:                               

_____________________________________________________________________________________

Deed Templates @ Template.net