Chattel Form Paper Format In Franklin
Category:
State:
Multi-State
County:
Franklin
Control #:
US-0007BG
Format:
Word;
Rich Text
Instant download
Description
The Chattel Mortgage on Mobile Home form is a vital legal document used in Franklin to secure loans against mobile homes. This form establishes a pledge of the mobile home, referred to as Collateral, by the Mortgagor to the Mortgagee in exchange for a loan amount reflected in a Promissory Note. Key features of the form include descriptions of the Collateral, payment terms, interest rates, and conditions for possession and insurance of the mobile home. Additional covenants ensure the Mortgagor confirms ownership and freedom from encumbrances, as well as restrictions against selling or removing the mobile home without consent. Instructions for filling out the form are straightforward, requiring clear identification of parties, amounts, and terms. The document serves various users, including attorneys handling real estate transactions, partners managing loan agreements, and legal assistants who prepare and review such forms. This instrument is particularly useful in establishing security interests for mobile home financing, making it pertinent for owners and associates involved in real estate matters.
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