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Chattel Mortgage on Mobile Home

Chattel Mortgage Form With Promissory Note In Kings

Category:

Loans and Lending - Chattel Mortgages

State:

Multi-State

County:

Kings

Control #:

US-0007BG

Format:

Instant download

Description

A chattel mortgage is a term used to describe a loan arrangement in which an item of movable personal property is used as security for the loan.

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Promissory notes are legal contracts that outline the terms of a loan and enforce the promise that a borrower will repay a loan within a specified period. A Promissory Note is a legal agreement between the Borrower and Lender that lays out the specific terms of the loan.To secure the payment of such balance the defendant, at the time of the delivery of the notes, also delivered to plaintiff a chattel mortgage on said machine. This is a Model Subordinate Mortgage Form.

Chattel Mortgage Form With Promissory Note In Kings

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