New Mexico Mortgage Secured by Promissory Note

County Specific Legal Forms Validated as recently as June 3, 2026 by our Forms Development Team

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About the New Mexico Mortgage Secured by Promissory Note

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How to Use This Form

Select your county from the list on the left
Download the county-specific form
Fill in the required information
Have the document notarized if required
Record with your county recorder's office

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Use this form for financing residential property, small commercial, rental property (up to 4 units), condominiums and planned unit developments. This is a comprehensive 12-page form that has stringent default terms.

Use this form for financing residential property, small commercial, rental property (up to 4 units), condominiums and planned unit developments. This is a comprehensive 12-page form that has stringent default terms.

Promissory Note includes late charges. 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.

Default Rate: I payment is/are at least 30 days past due, then the principal balance shall bear interest at default rate of (____%) over the interest rate stated. Said default rate shall begin on the ____ day following the due date of the payment(s) until payment(s) is/are brought
current. Payment(s) is/are first applied to accrued interest and penalties, then to principal.

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.

This Note and the Loan Documents shall be governed by the State of New Mexico.

(New Mexico Mortgage Package includes forms, guidelines, and completed examples)

How to Use This Form

Select your county from the list above
Download the county-specific form
Fill in the required information
Have the document notarized if required
Record with your county recorder's office

What Others Like You Are Saying

— Estelle R.

"Easy to download. Hopefully easy to fill in. Just wish there was wording for a Beneficiary Deed for …"

— Kevin U.

"very smooth and easy"

— Jenni R.

"Dry convenient and had just the form I needed and included directions, filled out sample form and ot…"

— ROBIN C.

"The process was very easy but I did not realize before I paid to get this form , that I could have g…"

— BROOKE W.

"Great fillable form! And the separate instruction sheet was detailed and very clear. I particularly …"

Common Uses for Mortgage Secured by Promissory Note

Replace a trustee who is unable or unwilling to serve
Establish priority of a mortgage or deed of trust
Release a property from a deed of trust after loan payoff
Release a lien after a debt has been paid in full
Substitute a new trustee on a deed of trust
Subordinate an existing mortgage to a new loan

Compare other New Mexico deed forms and documents

Quitclaim Deed Gift Deed Warranty Deed Special Warranty Deed Grant Deed Correction Deed Easement Deed Termination of Easement Assignment of Mortgage Release of Mortgage Deed of Trust and Promissory Note Assignment of Deed of Trust Release of Deed of Trust Contract for Deed Personal Representative Deed Transfer on Death Deed Transfer on Death Revocation Affidavit of Facts as to Death Notice of Administration Affidavit of Deceased Joint Tenant Transfer of Homestead Affidavit Mineral Deed Mineral Deed with Quitclaim Covenants Notice of Lis Pendens Release of Lis Pendens Disclaimer of Interest Certificate of Trust

Important: County-Specific Forms

Our mortgage secured by promissory note forms are specifically formatted for each county in New Mexico.

After selecting your county, you'll receive forms that meet all local recording requirements, ensuring your documents will be accepted without delays or rejection fees.

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