Chattel Mortgage Form With Decimals In Phoenix

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

Description

The Chattel Mortgage form with decimals in Phoenix is a legal document utilized to secure a loan against a mobile home. This form details the mortgage agreement between the Mortgagor and Mortgagee, including essential information such as the collateral's description, the loan amount, interest rate, and payment schedule. It's constructed to accommodate financing for mobile homes and includes key features like the right to retain possession, obligations of payment, and limitations on transferring the collateral. Users are instructed to fill in details such as addresses, amounts, dates, and interest rates clearly and accurately. Additionally, it outlines the obligations of the Mortgagor, including maintaining insurance and paying relevant taxes. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who are involved in the financing and ownership of mobile homes, ensuring all parties understand their rights and responsibilities. It provides a clear framework for enforcing the mortgage agreement while protecting the interests of the Mortgagee against potential defaults.