Lee County Mortgage Secured by Promissory Note Forms (Illinois)
Express Checkout
Form Package
Mortgage Secured by Promissory Note
State
Illinois
Area
Lee County
Price
$27.97
Delivery
Immediate Download
Payment Information
Included Forms
All Lee County specific forms and documents listed below are included in your immediate download package:
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
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
Line by line guide explaining every blank on the form.
Included document last reviewed/updated 11/15/2023
Promissory Note Form
Fill in the Blank Promissory Note secured by Mortgage
Included document last reviewed/updated 4/2/2024
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
Line by line guide explaining every blank on the form.
Included document last reviewed/updated 3/28/2024
Annual Accounting Statement Form
Mail to borrower for fiscal year reporting.
Included document last reviewed/updated 4/16/2024
Included Supplemental Documents
The following Illinois and Lee County supplemental forms are included as a courtesy with your order.
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 Lee 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 Lee 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 Lee 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 Lee County that you need to transfer you would only need to order our forms once for all of your properties in Lee County.
Are these forms guaranteed to be recordable in Lee County?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Lee 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:
- Lee County
Including:
- Amboy
- Ashton
- Compton
- Dixon
- Eldena
- Franklin Grove
- Harmon
- Lee
- Lee Center
- Nachusa
- Paw Paw
- Steward
- Sublette
- West Brooklyn
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 Lee 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 Lee 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.
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April 24th, 2024
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