Mortgage Bond



Mortgage Bond : Please fill out the following form. Please print your completed form if you would to have a copy for your records.




KNOW ALL MEN BY THESE PRESENTS, that (Name of the person or the company borrowing money) (Obligor) does hereby acknowledge that Obligor is indebted to (Name of the person or the company lending money) having an office at (Address of the lender) County of (name of the county) State of (Obligee) in the principalsum of (Amount borrowed) dollars ($ ) which sum with interest on the unpaid balances to be computed from the datehereof at the rate of 10% percent ( 10%) per annum, Obligor does covenant to pay to Obligee, at the office of Obligee in (Address where the payment should be made) or such other place as Obligee may designate in writing dollars ($ ) on the first dayof (date with year) and thereafter in payments of dollars($ ) on the first day of each subsequent month, until the principal and interest are fully paid, except that the final payment of the entire indebtedness evidenced hereby, shall be due and payable on the first of (date with year).


The whole or any part of the principal sum and of any other sums of money secured bythe mortgage given to secure this Bond shall, at the option of Obligee, become due and payableif default be made in any payment under this Bond or upon the happening of any default that, bythe terms of the mortgage given to secure this Bond, shall entitle the mortgagee to declare theprincipal sum, or any part thereof, to be due and payable; and all the covenants, agreements,terms, and conditions of the mortgage are incorporated in this Bond with the same force andeffect as if set forth at length.


If more than one person joins in the execution of this Bond, the relative words hereinshall be read as if written in the plural, and the words “Obligor” and “Obligee” shall includetheir heirs, executors, administrators, successors and assigns.


Date :


Obligor :





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