Oktibbeha County Deed of Trust and Promissory Note Form (Mississippi)

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

Deed of Trust Form

Oktibbeha County Deed of Trust Form

Fill in the blank form formatted to comply with all recording and content requirements.
Included Oktibbeha County compliant document last validated/updated 7/10/2024

Deed of Trust Guidelines

Oktibbeha County Deed of Trust Guidelines

Line by line guide explaining every blank on the form.
Included Oktibbeha County compliant document last validated/updated 2/19/2024

Completed Example of the Deed of Trust

Oktibbeha County Completed Example of the Deed of Trust

Example of a properly completed form for reference.
Included Oktibbeha County compliant document last validated/updated 6/6/2024

Promissory Note Form

Oktibbeha County Promissory Note Form

Note that is secured by the Deed of Trust.
Included Oktibbeha County compliant document last validated/updated 6/26/2024

Promissory Note Guidelines

Oktibbeha County Promissory Note Guidelines

Line by line guide explaining every blank on the form.
Included Oktibbeha County compliant document last validated/updated 7/8/2024

Completed Example of the Promissory Note Document

Oktibbeha County Completed Example of the Promissory Note Document

Example of a properly completed form for reference.
Included Oktibbeha County compliant document last validated/updated 7/10/2024

Subordination Clauses

Oktibbeha County Subordination Clauses

Used to place priority on claim of debt. Included are 4 clauses for unique situations. If needed, add to Deed of Trust as an addendum or rider.
Included Oktibbeha County compliant document last validated/updated 7/8/2024

Annual Accounting Statement

Oktibbeha County Annual Accounting Statement

Mail to borrower for fiscal year reporting.
Included Oktibbeha County compliant document last validated/updated 5/22/2024

The following Mississippi and Oktibbeha County supplemental forms are included as a courtesy with your order:

When using these Deed of Trust and Promissory Note forms, the subject real estate must be physically located in Oktibbeha County. The executed documents should then be recorded in the following office:

Oktibbeha County Chancery Clerk

Courthouse - 101 East Main St, Starkville, Mississippi 39759

Hours: 8:00 to 5:00 M-F CST

Phone: (662) 323-5834

Local jurisdictions located in Oktibbeha County include:

  • Mississippi State
  • Starkville
  • Sturgis

How long does it take to get my forms?

Forms are available immediately after submitting payment.

How do I get my forms, are they emailed?

Immediately after you submit payment, the Oktibbeha 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 provided to you. If you encounter any issues accessing your forms, please reach out to our support team for assistance. Forms are NOT emailed to you.

What does "validated/updated" mean?

This indicates the most recent date when at least one of the following occurred:

  • Updated: The document was updated or changed to remain compliant.
  • Validated: The document was examined by an attorney or staff, or it was successfully recorded in Oktibbeha County using our eRecording service.
Are these forms guaranteed to be recordable in Oktibbeha County?

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

Can the Deed of Trust and 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 Oktibbeha County that you need to transfer you would only need to order our forms once for all of your properties in Oktibbeha County.

What are supplemental forms?

Often when a deed is recorded, additional documents are required by Mississippi or Oktibbeha 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.

What type of files are the forms?

All of our Oktibbeha County Deed of Trust and 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.

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.

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.

Are there any recurring fees involved?

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

In Mississippi, a Deed of Trust (DOT) is the most commonly used instrument to secure a loan. If the DOT has a "Power of Sale" clause, foreclosure can be done non-judicially, saving time and expense, because the trustee doesn't require the court's involvement. This process is called a Trustee Sale. Explained in Mississippi 89-1-55 - "How lands sold under mortgages and Deeds in Trust"
There are three parties in this Deed of Trust:
1- The Grantor (Borrower)
2- Beneficiary (Lender) and a
3- Trustee (Neutral Third Party)
Basic Concept. The Grantor (Borrower) conveys property title to a Trustee (Neutral Party). A Trustee or beneficiary/Lender can take action against any person for damages.

(The beneficiary or holder of any deed of trust, including his agents, employees, successors, assigns, attorneys-in-fact or other legal representatives, may appoint a trustee or substitute a trustee, with or without the permission of the mortgagor or mortgagors. The trustee or substitute trustee so appointed may be a natural person, partnership, corporation, limited liability company, professional association or any other legal entity.) (MS Code 89-1-63)(3))

Debtors/Borrowers shall be in default under the provisions of this Deed of Trust if Debtor
(a) shall fail to comply with any of Debtor's covenants or obligations contained herein,
(b) shall fail to pay any of the Indebtedness secured hereby, or any installment thereof or interest thereon, as such Indebtedness, installment or interest shall be due by contractual agreement or by acceleration,
(c) shall become bankrupt or insolvent or be placed in receivership,
(d) shall, if a corporation, a partnership or an unincorporated association, be dissolved voluntarily or involuntarily, or
(e) if Secured Party in good faith deems itself insecure and its prospect of repayment seriously
impaired.

This form can be used by a party financing residential property, rental property, condominiums or small office buildings. Note: if the property being financed is rental, see (Assignment of Leases and Rents Form) it acts to induce the lender to finance.

Promissory Note secured by Deed of Trust
A Deed of Trust and Promissory Note are usually executed/signed at the same time. The Promissory Note contains the finance terms.
Details:

1. Dollar amount of Principle Owed

2. Installment payments or Balloon payment (common with owner financing, borrower can establish history of payments and equity, which banks attractive when financing)
3, Late Charges, $ owed after so many days, with $ owed for each additional day.

4. Default Rate: If Borrowers go into default an increased interest rate is charged, until note is out of default.

5. Overdue Loan Fee: 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.

The obligations of Borrower to Lender under this Note and the Additional Obligations herein remain in full force and effect until Lender has received payment in full of all obligations.
This Note and the Loan Documents are made in and shall be governed by the State of Mississippi. Upon Lender's request, the venue of any legal action in connection with this Note or the Loan Documents shall be in _________County, Mississippi.

Attorney's Fees and Costs: Borrower shall pay all costs incurred by Lender in collecting sums due under this Note after a default, including reasonable attorneys' fees, whether or not suit is brought.

This Deed of Trust and Promissory Note, has stringent default terms and is suitable to owner selling/financing or investor financing.

(Mississippi DOT Package includes forms, guidelines, and completed examples) For use in Mississippi only.

Our Promise

The documents you receive here will meet, or exceed, the Oktibbeha 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 Oktibbeha County Deed of Trust and 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.

4.8 out of 5 - ( 4356 Reviews )

William T.

July 6th, 2024

Very informative and user friendly. Thank you.

Reply from Staff

Your feedback is greatly appreciated. Thank you for taking the time to share your experience!

MARY LACEY M.

July 1st, 2024

The service provided by the staff at Deeds.com is consistently excellent with prompt replies and smooth recording transactions. I am grateful to have their service available as driving to downtown Phoenix to record documents is always a daunting prospect. Their assistance in recording our firm's documents has been 100% accurate and a pleasure.

Reply from Staff

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

Julie P.

June 30th, 2024

Quick & easy to use. Spoke a lawyer and saved hundreds by doing it myself.

Reply from Staff

Thank you for your feedback Julie, we appreciate you.

Roberta J B.

February 17th, 2021

User friendly

Reply from Staff

Thank you!

Daphne M.

March 19th, 2023

As always I found Deeds.com to be excellent. Every item required on the forms I chose was explained completely. The fact that documents are available from so many states is amazing. Daphne M.

Reply from Staff

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

edward m.

February 27th, 2019

I would rate it 5 stars also. Eddie M.

Reply from Staff

Thank you!

Fay J.

July 30th, 2020

instead of the rep giving me instructions on how to summit the documents,with 3 pages, he or she told me i had all night to figure it out!!! wow...because of that i rate the service very poorly...fast to get it done but very poor customer service...so...i give them a 2.5 rating.

Reply from Staff

Thank you for your feedback, have a wonderful day Fay.

Clint E.

September 3rd, 2020

Good value. I like not only getting the forms, but also the instructions and examples the forms came with

Reply from Staff

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

Eric D.

March 21st, 2019

Very helpful and informative. It has saved me time going to get the forms at county recorder / clerk (as my county and state websites dont offer forms on their sites) and also provided help understanding the uses of the specific deed I needed to use.

Reply from Staff

Thank you Eric. Have a great day!

Gertrude H.

October 1st, 2019

I used this form and guide a couple years ago and found it helpful and easy to fill out. Had good results at the Recorder's Office. Would recommend Deeds.com.

Reply from Staff

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

William K.

December 14th, 2018

Thanks for the service which was excellent and timely. Instructions were easy to follow and results worth the cost.

Reply from Staff

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

Dawna M.

June 15th, 2021

Easy to use website and immediate documents appropriate for my area. My only complaint is that the forms had an alignment problem where the fields that were filled in by me did not line up with the template text. I tried to correct it to no avail so I ended up having to retype the entire document. I purchased two templates and both had the same issue.

Reply from Staff

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

Peggy G.

May 19th, 2019

This is an easy document to complete and file. Thank you for having the completed sample for review.

Reply from Staff

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

Scott W.

February 5th, 2024

Quick and simple.

Reply from Staff

Thank you!

Carol H.

October 8th, 2022

Easy to understand, quick access, inexpensive, and I took it to my registrar's office and he said the warranty deed was good to go. Thanks for saving me a bundle in lawyer's fees.

Reply from Staff

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