New York Mortgage and Promissory Note
County Specific Legal Forms Validated as recently as May 4, 2026 by our Forms Development Team
About the New York Mortgage and Promissory Note
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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A mortgage is a conveyance of title to property that is given as security for a loan until the grantor (borrower) repays the lender according to terms defined in an attached promissory note. It contains a lien against the security property that ends when the debt is repaid.
Use this form for financing real property- residential, rental units, condominiums, vacant land, small commercial and planned unit developments.
Mortgage covenants
Transfer of Rights in the Property. The Mortgagor hereby mortgages to the Mortgagee the Property described in this Mortgage. Mortgagor can lose the Property for failure to keep the promises in this Mortgage.
Applicable Law. Mortgagee shall have all the rights set forth in Section 254 of the New York Real Property Law in addition to Mortgagee's rights set forth in this Mortgage, even if the rights are different from each other.
Non-Judicial Foreclosure. Mortgagee shall have the power of sale under Article 14 of the Real Property Actions and Proceedings Law, as it may be amended from time to time, and under any successor statute or statute of similar impo1t and effect which may subsequently be enacted providing for non-judicial sale of the Property, subject to the requirements and restrictions applicable to such statutory process.
Promissory Note
A promissory note is a negotiable instrument that contains an unconditional written promise, signed by the borrower, to repay the lender or its designated agent. The promissory note also defines the amount and specific terms of the loan between borrower (maker) and lender (payee/holder).
The promissory note is not recorded on its own. Instead, it is presented for recording along with its related deed of trust or mortgage.
A mortgage that includes a power of sale clause and a promissory note that includes stringent default terms can be beneficial to the lender
(New York Mortgage Package includes forms, guidelines, and completed examples) For use in New York only.
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
"Completed, notarized, and recorded with no issues."
"Easier than I expected. I followed the downloaded examples step by step, and before I knew it, the f…"
"Great service! Easy to download and view. Florida should have the Revocable Transfer on Death (TOD)d…"
"amazing customer service. thank you deeds.com. I just wish I knew about this company earlier. Kevin"
"I downloaded the Lady Bird deed. The process was quick and easy to download. Just select your county…"
Common Uses for Mortgage and Promissory Note
- Record evidence that a construction loan has been satisfied
- Record a deed of trust to secure a promissory note
- Substitute a new trustee on a deed of trust
- Record a partial release of a mortgage or deed of trust
- Establish priority of a mortgage or deed of trust
Compare other New York deed forms and documents
Important: County-Specific Forms
Our mortgage and promissory note forms are specifically formatted for each county in New York.
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.