Chattel Form Paper Format In Contra Costa

• Category: Loans and Lending - Chattel Mortgages
• State: Multi-State
• County: Contra Costa
• Control #: US-0007BG
• Format: Word; Rich Text

Description

The Chattel Mortgage on Mobile Home is a legal document used in Contra Costa to secure debt for personal property, specifically mobile homes. This form serves as a mortgage agreement where the Mortgagor pledges their mobile home as collateral to the Mortgagee for a loan amount detailed in the accompanying Promissory Note. Key features include clear sections for filling in the parties' details, the description of the collateral, payment terms, and conditions surrounding the use and protection of the collateral. Users must ensure all required information is accurately filled out to avoid legal complications, including ensuring the collateral is free from other encumbrances. The document outlines various obligations of both parties, including the maintenance of insurance on the collateral and restrictions on the sale or disposal of the mobile home without consent. This form is particularly useful for attorneys and paralegals assisting clients in real estate transactions or financial agreements involving personal property. Additionally, owners and partners can use this document to formalize loans secured by movable assets, while legal assistants may find it useful in managing client files and ensuring compliance with legal requirements.