Pennsylvania Mortgage Instrument and Promissory Note

Mortgage Instrument and Promissory Note for Real Estate Located in Pennsylvania

Pennsylvania Mortgage Instrument and Promissory Note Image
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This is a recordable Mortgage secured by a Promissory Note, used to finance real property - residential, small commercial, rental, vacant land, condominiums and planned unit developments. In general, a Pennsylvania mortgage must be recorded within six months, see Section 621 Mortgages to be recorded within six months.
(All mortgages or defeasible deeds in the nature of mortgages shall have priority according to the date of recording the same, without regard to the time of making or executing such deeds; and it shall be the duty of the recorder to endorse the time upon the mortgages.) (Section 622 - Priority according to date of recording)

Included is the required Certificate of Residence. (For the purpose of obtaining with accuracy the precise residence of all mortgagees, assignees, and persons to whom interest is payable on articles of agreement, it shall be the duty of the recorder of deeds in each county, whenever a mortgage, assignment, or agreement given to secure the payment of money, shall be presented to him for record, to refuse the same, unless the said mortgage, assignment, or agreement has attached thereto, and made part of said mortgage, assignment, or agreement, a certificate signed by said mortgagee, assignee, or person entitled to interest, or his, her or their duly authorized attorney or agent, setting forth the precise residence of such mortgagee, assignee, or person entitled to interest; said certificate to be recorded with said mortgage,) (Section 625 - Certificate of residence of mortgagee).

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

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