Lake County Mortgage Secured by Promissory Note Forms (Illinois)

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Form Package

Mortgage Secured by Promissory Note

State

Illinois

Area

Lake County

Price

$27.97

Delivery

Immediate Download

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More info on getting a copy of your existing deed and eRecording.

Included Forms

All Lake County specific forms and documents listed below are included in your immediate download package:

Mortgage Form

Mortgage Form

Fill in the blank form formatted to comply with all recording and content requirements.
Included document last reviewed/updated 2/20/2024

Mortgage Guide

Mortgage Guide

Fill in the blank form formatted to comply with all recording and content requirements.
Included document last reviewed/updated 2/12/2024

Completed Example of the Mortgage Document

Completed Example of the Mortgage Document

Line by line guide explaining every blank on the form.
Included document last reviewed/updated 11/15/2023

Promissory Note Form

Promissory Note Form

Fill in the Blank Promissory Note secured by Mortgage
Included document last reviewed/updated 4/2/2024

Promissory Note Guidelines

Promissory Note Guidelines

Line by line guide explaining every blank on the form.
Included document last reviewed/updated 2/28/2024

Completed Example of the Promissory Note Document

Completed Example of the Promissory Note Document

Line by line guide explaining every blank on the form.
Included document last reviewed/updated 3/28/2024

Annual Accounting Statement Form

Annual Accounting Statement Form

Mail to borrower for fiscal year reporting.
Included document last reviewed/updated 4/16/2024

Frequently Asked Questions:

How long does it take to get my forms?

Forms are available immediately after submitting payment.

What are supplemental forms?

Often when a deed is recorded, additional documents are required by Illinois or Lake County. These could be tax related, informational, or even as simple as a coversheet. Supplemental forms are provided for free with your order where available.

How do I get my forms, are they emailed?

Forms are NOT emailed to you. Immediately after you submit payment, the Lake County forms you order will be available for download directly from your account. You can then download the forms to your computer. If you do not already have an account, one will be created for you as part of the order process, and your login details will be sent to you. If you encounter any issues accessing your forms, please reach out to our support team for assistance.

What type of files are the forms?

All of our Lake County Mortgage Secured by Promissory Note forms are PDFs. You will need to have or get Adobe Reader to use our forms. Adobe Reader is free software that most computers already have installed.

Can the Mortgage Secured by Promissory Note forms be re-used?

Yes. You can re-use the forms for your personal use. For example, if you have more than one property in Lake County that you need to transfer you would only need to order our forms once for all of your properties in Lake County.

Are these forms guaranteed to be recordable in Lake County?

Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Lake County including margin requirements, content requirements, font and font size requirements.

Do I have to enter all of my property information online?

No. The blank forms are downloaded to your computer and you fill them out there, at your convenience.

Can I save the completed form, email it to someone?

Yes, you can save your deed form at any point with your information in it. The forms can also be emailed, blank or complete, as attachments.

Do I need any special software to use these forms?

You will need to have Adobe Reader installed on your computer to use our forms. Adobe Reader is free software that most computers already have installed.

Are there any recurring fees involved?

No. Nothing to cancel, no memberships, no recurring fees.

Areas Covered by These Mortgage Secured by Promissory Note Forms:

  • Lake County

Including:

  • Antioch
  • Barrington
  • Buffalo Grove
  • Deerfield
  • Fort Sheridan
  • Fox Lake
  • Grayslake
  • Great Lakes
  • Gurnee
  • Highland Park
  • Highwood
  • Ingleside
  • Island Lake
  • Lake Bluff
  • Lake Forest
  • Lake Villa
  • Lake Zurich
  • Libertyville
  • Lincolnshire
  • Long Grove
  • Mundelein
  • North Chicago
  • Round Lake
  • Russell
  • Vernon Hills
  • Wadsworth
  • Wauconda
  • Waukegan
  • Winthrop Harbor
  • Zion

What is the Illinois Mortgage Secured by Promissory Note

This Mortgage has stringent default provisions that is typically suited for a private Lender with financing of residential property, small business property, Rental units (up to 4 units), Condominiums, planned unit development and vacant land.

EVENTS OF DEFAULT. Each of the following, at Lender's option, shall constitute an Event of Default under this Mortgage:

Payment Default. Mortgagor fails to make any payment when due under the Indebtedness.
Default on Other Payments.
Other Defaults.
Default in Favor of Third Parties.
False Statements.
Defective Collateralization.
Death or Insolvency.
Creditor or Forfeiture Proceedings.
Events Affecting Guarantor.
Adverse Change.

RIGHTS AND REMEDIES ON DEFAULT. Upon the occurrence of an Event of Default and at any time thereafter, Lender, at Lender's option, may exercise any one or more of the following rights and remedies, in addition to any other rights or remedies provided by law:
Accelerate Indebtedness.
UCC Remedies.
Appoint Receiver.
Judicial Foreclosure.
Nonjudicial Sale.
Deficiency Judgment.
Tenancy at Sufferance.
Other Remedies - Lender shall have all other rights and remedies provided in this Mortgage or the Note or available at law or in equity.
Sale of the Property.
Notice of Sale.
Election of Remedies
Attorneys' Fees; Expenses.

Promissory Note can be used for installment or balloon payments.
Includes default rates (interest rate that occurs when borrower is in default)

In addition to any other remedies available to Lender if this Note is not paid in full at the Maturity Date, Borrowers shall pay to Lender an Overdue Loan Fee, which fee shall be due at the time this Note is otherwise paid in full. The "Overdue Loan Fee" shall be determined based upon the outstanding principal balance of this Note as of the Maturity Date and shall be:
(a)one percent (1.0%) Of such principal balance if the Note is paid in full on or after thirty(30)days after the Maturity Date but less than sixty (60) days after the Maturity Date, or
(b)two percent (2.0%) of such principal balance if the Note is paid in full on or after sixty(60)days after the Maturity Date.

Late Payment Fees. Any payment which is at least ___ days past due, shall be subject to a late charge of $___ And an additional $___ per day until the payment is received. If any balloon payment is late, it shall be subject to a late fee of $___ per day.


(Illinois Mortgage Package includes forms, guidelines, and completed examples) For Use in Illinois Only.

Our Promise

The documents you receive here will meet, or exceed, the Lake County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.

Save Time and Money

Get your Lake County Mortgage Secured by Promissory Note form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties and local jurisdictions.

Reviews

4.8 out of 5 (4317 Reviews)

Dyanna B.

April 23rd, 2024

Got what I needed. Easy access.

Reply from Staff

Thank you for your positive words! We’re thrilled to hear about your experience.

Gina G.

April 17th, 2024

This service is fantastic! Took a few tries to scan the document correctly, but their patience and quick turn around made this a far better experience than going to the County myself.

Reply from Staff

We are delighted to have been of service. Thank you for the positive review!

Michael M.

April 17th, 2024

Great service that satisfied all my needs. Great prices too.

Reply from Staff

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Amy C.

September 23rd, 2020

Easy enough to use the forms. Will probably get them reviewed before recording just to be sure.

Reply from Staff

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Kaleigh S.

April 8th, 2020

I used Deeds.com to record two judgments with the County Recorder's Office. The site was very easy to use and I had my recorded copies back the very next day. I highly recommend their service!

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Joan S.

May 21st, 2020

Thanks for providing this service. We had searched for weeks for the correct documents. It might help clients to find you soon if the banks and mortgage companies can refer clients to you. They require the forms but offer no direct source to obtain them. You are 5 star in every way.

Reply from Staff

Thank you!

Crystal P.

April 16th, 2024

This service is amazing! We have tried several other online recording services which all disappointed. Deeds.com got all three of our documents recorded same day as invoice payment. Thank you for the quick turn around! We will be using this service often.

Reply from Staff

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Martin B.

August 12th, 2020

Excellent

Detailed and clear

Easy to use

Reply from Staff

We appreciate your business and value your feedback. Thank you. Have a wonderful day!

Rebecca H.

May 22nd, 2021

I thought the forms were reasonably priced, the instructions included in the packet were thorough, and the examples helpful. Thank you for the additional CDR forms too. I contacted the Recorder's office via email with a question and Jennifer Bowser answered promptly. Job well done! However, when I delivered the deed and Real Property Transfer Declaration to the Clerk's office in Lafayette, the clerk was unfamiliar with the Declaration document being submitted and it took some time to convince her to submit the form without charging the recording fee. She even tried to phone the recorder's office for clarification, but no one answered. There then was an additional form at that office that I had to complete called Recording Request/Transmittal Form. I would suggest including that form with instructions in your on-line packet to speed up the process when a Deed is delivered to the County Clerk's satellite office. I do not expect every clerk to know all the particulars of recording requirements but a little knowledge wouldn't hurt.

Reply from Staff

Thank you for your feedback. We really appreciate it. Have a great day!

David D.

September 20th, 2022

Two thumbs up!

Reply from Staff

Thank you!

CYNTHIA W.

April 12th, 2023

My deed has now been recorded. Thank you so very much. I saved about $120.00 by doing this with your document service. Thankfully, I heard about you from a friend and did not go with my Title Company that wanted a fee that seems outrageous because of how simple it was to do. I will definitely "advertise" this service to others.

Reply from Staff

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Muhamed H.

February 3rd, 2022

Nice!

Reply from Staff

Thank you!

Sandra T.

May 4th, 2023

I hope this will address all I need to make sure my father is not being taken for granted by my siblings and a nephew and his wife.

thank you

Reply from Staff

Thank you!

Gene K.

April 24th, 2019

I am still in the trial stage. I am an older lawyer. Any help I can get is worth it. Once you get used to the format and data fill in the deed thing is excellent. Very professional if not a little slow. I have only done three deeds in one state so I will have to see how it goes. I like the product and their attitude towards pleasing the customer. We'll see when I try the recording part.

Reply from Staff

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Robert S.

March 20th, 2019

Very timely service and retrieved information I was looking for

Reply from Staff

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