Chattel Mortgage Form With Two Points In Travis

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

Description

The Chattel Mortgage form for a mobile home is a legal document that establishes a security interest in personal property, specifically a mobile home, used as collateral for a loan. This form is particularly relevant in Travis and is designed for users who include attorneys, partners, owners, associates, paralegals, and legal assistants. It includes key features such as the identification of the mortgagor and mortgagee, a detailed description of the collateral, payment terms, and conditions regarding the maintenance and insurance of the collateral. The form specifies the obligation to pay, the right to retain possession until default, and the consequences of non-payment, including potential seizure of the collateral. Filling and editing instructions are essential to ensure accurate completion, requiring users to clearly state all necessary details, including payment schedules and the amount of the mortgage. This form is especially useful in real estate transactions, financing for mobile homes, or situations where personal property is being used as financial security. Its structured format aids in clarity, ensuring all parties understand their rights and responsibilities.