Financial

Sell a real estate property to a buyer over time under the terms of this Mississippi 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.
• By using a Contract for Deed, a property owner can secure the outstanding balance owing under the contract.
• Available in MS Word format.
• Intended to be used only in the State of Mississippi.

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.

• The Agreement is between the lender, the borrower, and a tenant who has leased all or part of the mortgaged premises.
• The tenant agrees to subordinate the lease and its leasehold rights to the lender's lien in connection with the mortgage loan.
• If the lender forecloses on the property, the lender agrees not to disturb the tenant's use of the leased premises so long as the tenant is not in default under the lease.
• If the property is foreclosed and sold, the tenant agrees to attorn to the purchaser as the landlord under the lease.

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 Promissory Note form is for loans that are backed by a mortgage against the borrower's real property.

• You can use the template in any U.S. state.
• There is no prepayment penalty or premium if the borrower prepays the loan in whole or in part.
• If the borrower defaults under the note or the mortgage, the borrower promises to pay interest at the highest rate allowed by law.
• The borrower will pay any collection costs incurred by the lender, including reasonable legal fees.
• Intended to be used only in the United States.
• Available in MS Word format.

Secure a commercial loan to a business with this fully editable template mortgage form for Canadian lenders.

• The mortgage will be registered against the title to property owned by the borrower, to secure repayment of a commercial loan or other credit facility.
• Interest is calculated annually and payable semi-annually. Payments are made against combined principal and interest.
• The mortgage contains additional clauses for condominium properties.
• This downloadable legal template can be used in most provinces and territories of Canada except Quebec.

Obtain a security interest in a borrower's vehicle with this Motor Vehicle Security Agreement for Canadian lenders.

• The borrower (debtor) grants the lender (secured party) a security interest in the borrower's motor vehicle, to induce the lender to give credit to the borrower.
• The borrower will carry fire, theft, collision and comprehensive insurance on the vehicle, and pay all taxes, liens and charges against the vehicle.
• The borrower is not allowed to sell or encumber title to the vehicle as long as the Agreement is in effect.
• This template can be used in any province or territory of Canada except Quebec.
• The legal form template is downloadable and fully editable.

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.