Indebtedness

Pennsylvania Mortgage on Pre-Existing and New Indebtedness
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State:
Pennsylvania
Control #:
PA-03252BG
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Description

This form reflects generally the provisions of 21 Pennsylvania Statutes Annotated §§ 621 et seq. A mortgage should, essentially, name the parties, manifest the security nature of the instrument, describe with certainty the real property to be subjected to the lien of the mortgage, and set out the obligation to be secured. If the mortgage lien is intended to cover fixtures or personal property located or to be located on the subject real property, the effect of applicable statutes concerning security interests in personalty should be considered.

The Acknowledgment is based on the provisions of Pa. Stat. Ann. tit. 21, § 81.

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