Bergen County Mortgage Secured and Promissory Note Form

Additional New Jersey and Bergen County documents included at no extra charge:

Where to Record Your Documents

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Cities and Jurisdictions in Bergen County

Properties in any of these areas use Bergen County forms:

• Allendale
• Alpine
• Bergenfield
• Bogota
• Carlstadt
• Cliffside Park
• Closter
• Cresskill
• Demarest
• Dumont
• East Rutherford
• Edgewater
• Elmwood Park
• Emerson
• Englewood
• Englewood Cliffs
• Fair Lawn
• Fairview
• Fort Lee
• Franklin Lakes
• Garfield
• Glen Rock
• Hackensack
• Harrington Park
• Hasbrouck Heights
• Haworth
• Hillsdale
• Ho Ho Kus
• Leonia
• Little Ferry
• Lodi
• Lyndhurst
• Mahwah
• Maywood
• Midland Park
• Montvale
• Moonachie
• New Milford
• North Arlington
• Northvale
• Norwood
• Oakland
• Oradell
• Palisades Park
• Paramus
• Park Ridge
• Ramsey
• Ridgefield
• Ridgefield Park
• Ridgewood
• River Edge
• Rochelle Park
• Rutherford
• Saddle Brook
• Saddle River
• South Hackensack
• Teaneck
• Tenafly
• Teterboro
• Township Of Washington
• Waldwick
• Wallington
• Westwood
• Wood Ridge
• Woodcliff Lake
• Wyckoff

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This Mortgage and Promissory Note have stringent default provisions that are typically suited for owner financing or private lender when financing residential property, small commercial property, rental property (up to 4 units), Condominiums, planned unit developments and vacant land.

DEFAULT. The Lender may declare that Borrower is in default on the Note and this Mortgage if:
(a) Borrower fails to make any payment required by the Note and this Mortgage within fifteen (15) days after its due date;
(b) Borrower fails to keep any other promise in this Mortgage;
(c) The ownership of the Property is changed for any reason;
(d) The holder of any lien on the Property starts foreclosure proceedings;
(e) Bankruptcy, insolvency or receivership proceedings are started by or against Borrower; or
(f) Borrower defaults with respect to any other loan from Lender to an affiliate of Borrower.

PAYMENTS DUE UPON DEFAULT. If the Lender declares that Borrower is in default, Borrower must immediately pay the full amount of all unpaid principal, interest, other amounts due on the Note and this Mortgage and the Lender's costs of collection and reasonable attorney fees.

The 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.

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

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

This Mortgage Secured and Promissory Note meets all recording requirements specific to Bergen County.

Our Promise

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

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