Saint Clair County Mortgage Secured by Promissory Note Form

Additional Michigan and Saint Clair County documents included at no extra charge:

Where to Record Your Documents

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Cities and Jurisdictions in Saint Clair County

Properties in any of these areas use Saint Clair County forms:

• Algonac
• Allenton
• Anchorville
• Avoca
• Capac
• Casco
• Columbus
• East China
• Emmett
• Fair Haven
• Fort Gratiot
• Goodells
• Harsens Island
• Jeddo
• Marine City
• Marysville
• Memphis
• North Street
• Port Huron
• Saint Clair
• Smiths Creek
• Yale

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This mortgage includes a power of sale clause and waiver of rights, saving time and expense in the case of a foreclosure.
Waiver of Rights. This Mortgage contains a power of sale that permits the Mortgagee/Lender to cause the Premises to be sold in the event of a default. Mortgagee/Lender may elect to cause the Premises to be sold by advertisement rather than pursuant to court action, and Mortgagor/Borrower voluntarily and knowingly waives any right Mortgagor/Borrower may have by virtue of any applicable constitutional provision or statute to any notice or court hearing before the exercise required by the Michigan statute governing foreclosures by advertisement.
In the event of default in any of the terms or covenants of this Mortgage, Mortgagee/Lender shall be entitled to all of the rights and benefits of MCL 554.231-.233, MSA 26.1137(1)-(3), and 1966 PA 151.

Use this mortgage to finance residential property, small commercial, condominiums, rental property, and planned unit developments even with an existing first mortgage on the subject property. A mortgage and promissory note that include stringent default terms can be beneficial to the Mortgagee/Lender.

Included is an annual accounting statement form
565.161 Annual statements to mortgagor; when required, contents.
Sec. 1.
Where, by the terms of a mortgage on real property, the mortgagor is required to make periodic payments which include sums to be allocated to an escrow account for the purpose of paying taxes, insurance or improvements to the property, or any combination of such purposes, the mortgagee or agent receiving the periodic payments shall furnish the mortgagor with a statement within 60 days of the close of the calendar year, showing the beginning balance of the escrow fund, total receipts received by the fund during the calendar year, an itemized statement of all expenditures from the fund during the calendar year and the balance in the fund at the end of the calendar year.

(Michigan Mortgage Package includes forms, guidelines, and completed examples) For use in Michigan only.

Important: Your property must be located in Saint Clair County to use these forms. Documents should be recorded at the office below.

This Mortgage Secured by Promissory Note meets all recording requirements specific to Saint Clair County.

Our Promise

The documents you receive here are guaranteed to meet or exceed the applicable Saint Clair County recording format requirements. If there is a rejection caused by our formatting, we will correct the issue or refund your payment. This guarantee applies to document formatting only and does not extend to information entered by the user, the selection of the form, or the legal effect of the completed document.

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