Sample Mortgage Form
SAMPLE MORTGAGE
THIS MORTGAGE is made this ........................ day of .............................
19 ....., between the Mortgagor, ................................................................ (herein
"Borrower"), and the Mortga gee, ...................................................... a corporation
organize d and existing under the la ws of ...... .................... .... ........
......................................................................................................, whose address is
..................................................................................
........................... .... ... .......... .... ... .......... .... ... ..................... ... .... .......(here i n "Lender").
WH EREAS, Borrower is indebted to Lender in the principal sum of ................. ..
Dollars, which indebtedness is evidenced by Borrower's note dated ......... ... .... ..... (herein
"Note"), providi ng f o r mo nthly insta llment s of princi pal and interest, w ith the balance of
the indebtedness, if not sooner paid, due and pa yable on .......... .... ... ......
TO SECURE to Lender (a ) the repayment of the indebtedn ess evid enced by the Note,
with interest thereon, the payment of all other sums, with interest thereon, advanced in
accordance herewi t h t o protect the s ecuri ty of this Mort ga ge, and the performance of the
covena nts and agreements of Borrower here i n c ont ai ned, and (b ) the repayment of any
future advances, with interest thereon, made to Borrower by Lender pursuant to
paragra p h 21 hereof (he rei n "F ut ure A d vances"), Borrowe r does here by mortgage, gr ant
and convey to Lender, wi th p owe r of sale, the follow i ng des c r ib e d pr operty located in the
County of ....... .... ....... .................. ... ... ........... ... .... .......... ... .................. ......... , State of
Massachusetts:
which has the address of .........................................................................
[Street] [City]
.................................................................... (herein "Property Address");
[State and Zip Code]
TOGETHER wi th all t he impro vement s now or hereaf te r ere cted on the property, and
all easemen t s, r i ghts, appurtenances, rents, royalties, mine ral, oil and gas rights and
profits, water, water rights, and water stock, and all fixtures now or hereafter attached to
the property, all of which, including replacements and additions thereto, shall be deemed
to be and re main a part of the prope rty covered by this M o rt gage; and all of the
foregoing, together with said property (or the leasehold estate if this Mortgage is on a
leasehold) are herein referre d to as the "Property".
Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and
has the right to mortgage, grant and convey the Property, that the Property is
unencumbere d, an d tha t Borrower wil l warrant and defe n d generally the title to the
Property agai nst all cla i ms and de mands, subject to any declarations, easements or
restrictio ns listed in a sch edule of exceptions to coverage in any title insu rance policy
insuring Lender's interest in the Property.
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