Chattel Mortgage Form With 2 Points In Salt Lake

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

Description

The Chattel Mortgage form regarding a mobile home in Salt Lake is a legal document designed to establish a loan secured by personal property—the mobile home. This form outlines essential details, including the parties involved, the particulars of the promissory note, and the collateral used for securing the loan. Key features include provisions related to the ownership and insurance of the collateral, as well as the obligations of the mortgagor to maintain payments and not dispose of the collateral without consent. Users are instructed to fill in specific details such as names, addresses, and monetary amounts to customize the form to their transactions. The form serves as a useful tool for attorneys, partners, and owners who require a clear, legally binding agreement for financing, particularly in real estate or personal property transactions. Additionally, it is relevant for associates and paralegals who assist in the preparation and administration of such legal documents, ensuring compliance with local laws and securing the interests of the mortgagee.