Mortgage, Assignment of Leases and Rents, Security Agreement, Financing Statement, and Fixture Filing (Pro-Lender Short Form)
A short form mortgage useful for commercial loans secured primarily by real estate. This Standard Document assumes an accompanying loan agreement contains the business terms, including provisions setting out the events of default and lender's rights and remedies. This Standard Document can be used in states that use mortgages, rather than deeds of trust, as the customary security instrument to record and perfect the lender's interests. This Standard Document must be customized to be enforceable and recordable in the property's state. It has integrated drafting notes with important explanations and drafting and negotiating tips for lenders, borrowers, and their counsel.
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