Mortgage, Assignment of Leases and Rents, Security Contract, Financing Statement, and Fixture Filing (Lender-friendly Simple)
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About this template
This legal template encompasses various agreements and documents related to a mortgage transaction, with a focus on the lender's interests and protection. It includes provisions for the assignment of leases and rents, as well as a security contract establishing the rights and obligations of both the lender and borrower. Additionally, it provides for the filing of a financing statement, which serves as public notice of the lender's security interest in the property. Lastly, the template incorporates a fixture filing, addressing any fixtures attached to the property that may also serve as collateral for the loan. Overall, this lender-friendly and simplified legal template ensures the lender's right to repayment and protection during a mortgage transaction.
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