Wisconsin Mortgage and Promissory Note
County Forms
Where is the property located?
Adams CountyAshland CountyBarron CountyBayfield CountyBrown CountyBuffalo CountyBurnett CountyCalumet CountyChippewa CountyClark CountyColumbia CountyCrawford CountyDane CountyDodge CountyDoor CountyDouglas CountyDunn CountyEau Claire CountyFlorence CountyFond Du Lac CountyForest CountyGrant CountyGreen CountyGreen Lake CountyIowa CountyIron CountyJackson CountyJefferson CountyJuneau CountyKenosha CountyKewaunee CountyLa Crosse CountyLafayette CountyLanglade CountyLincoln CountyManitowoc CountyMarathon CountyMarinette CountyMarquette CountyMenominee CountyMilwaukee CountyMonroe CountyOconto CountyOneida CountyOutagamie CountyOzaukee CountyPepin CountyPierce CountyPolk CountyPortage CountyPrice CountyRacine CountyRichland CountyRock CountyRusk CountySaint Croix CountySauk CountySawyer CountyShawano CountySheboygan CountyTaylor CountyTrempealeau CountyVernon CountyVilas CountyWalworth CountyWashburn CountyWashington CountyWaukesha CountyWaupaca CountyWaushara CountyWinnebago CountyWood CountyMortgage and Promissory Note for Real Estate Located in Wisconsin
Use this form to finance a condominium, residential property, rental property, small commercial and/or a planned unit development. (A mortgage on real property creates a lien on the property mortgaged; except for the lien and subject to s. 708.11, the mortgagor retains the interest that the mortgagor had at the time of mortgage until that interest is divested by some later act.) (708.01Effect of mortgage.)
This mortgage contains a power of sale, (When a power to sell lands shall be given to the grantee in any mortgage or other conveyance intended to secure the payment of money the power shall be deemed a part of the security and shall vest in and may be executed by any person, who, by assignment or otherwise, shall become entitled to the money so secured to be paid.)( 708.05 Mortgages, power to sell under.)
The promissory note includes interest rates, default rates, late payment fees, default terms, etc. A mortgage and promissory note with strong default clauses and a power of sale, can be beneficial to the lender. Mortgage and the Note are severable.
(Wisconsin Mortgage Package includes forms, guidelines, and completed examples) For use in Wisconsin only.