This is an official Washington form for use in land transactions, a Mortgage [Statutory Form] (with representative acknowledgment).
King Washington Mortgage is a legal document that outlines the terms and conditions of a mortgage agreement between a borrower and a lender in the state of Washington. It is a statutory form that must be used in order to comply with the laws and regulations of the state. The King Washington Mortgage — Statutory For— - with representative acknowledgment includes various essential clauses, provisions, and acknowledgments that are required by the state. The form typically includes detailed information such as the names of the borrower and lender, the property address, loan amount, interest rate, repayment terms, and any other terms specific to the mortgage agreement. The representative acknowledgment section is an important part of the form, as it confirms that the person signing the mortgage document has the authority to do so on behalf of the borrower or lender. This section is especially relevant when dealing with entities such as corporations, partnerships, or trusts, where a representative is appointed to sign on behalf of the organization. There may be different types or variations of the King Washington Mortgage — Statutory For— - with representative acknowledgment depending on the specific requirements of the mortgage transaction. Some potential variations may include: 1. Residential mortgage: This type of mortgage is used when the property in question is a residential property, such as a single-family home, condo, or townhouse. 2. Commercial mortgage: If the property is intended for commercial use, such as an office building, retail space, or industrial property, a commercial mortgage form may be used. This form may have additional clauses and provisions tailored to commercial transactions. 3. Refinance mortgage: This type of mortgage form is used when the borrower wishes to refinance an existing mortgage. It may include additional sections related to the existing mortgage being paid off and the terms of the new loan. 4. Second mortgage: In cases where there is already an existing mortgage on the property, a second mortgage form may be used. This form would outline the terms of the second loan, including its priority and repayment terms. It is important to consult with a qualified attorney or mortgage professional to ensure that the appropriate King Washington Mortgage — Statutory For— - with representative acknowledgment is used based on the specific nature of the mortgage transaction. By using the correct form, both the borrower and lender can ensure compliance with Washington state laws and protect their rights and interests.King Washington Mortgage is a legal document that outlines the terms and conditions of a mortgage agreement between a borrower and a lender in the state of Washington. It is a statutory form that must be used in order to comply with the laws and regulations of the state. The King Washington Mortgage — Statutory For— - with representative acknowledgment includes various essential clauses, provisions, and acknowledgments that are required by the state. The form typically includes detailed information such as the names of the borrower and lender, the property address, loan amount, interest rate, repayment terms, and any other terms specific to the mortgage agreement. The representative acknowledgment section is an important part of the form, as it confirms that the person signing the mortgage document has the authority to do so on behalf of the borrower or lender. This section is especially relevant when dealing with entities such as corporations, partnerships, or trusts, where a representative is appointed to sign on behalf of the organization. There may be different types or variations of the King Washington Mortgage — Statutory For— - with representative acknowledgment depending on the specific requirements of the mortgage transaction. Some potential variations may include: 1. Residential mortgage: This type of mortgage is used when the property in question is a residential property, such as a single-family home, condo, or townhouse. 2. Commercial mortgage: If the property is intended for commercial use, such as an office building, retail space, or industrial property, a commercial mortgage form may be used. This form may have additional clauses and provisions tailored to commercial transactions. 3. Refinance mortgage: This type of mortgage form is used when the borrower wishes to refinance an existing mortgage. It may include additional sections related to the existing mortgage being paid off and the terms of the new loan. 4. Second mortgage: In cases where there is already an existing mortgage on the property, a second mortgage form may be used. This form would outline the terms of the second loan, including its priority and repayment terms. It is important to consult with a qualified attorney or mortgage professional to ensure that the appropriate King Washington Mortgage — Statutory For— - with representative acknowledgment is used based on the specific nature of the mortgage transaction. By using the correct form, both the borrower and lender can ensure compliance with Washington state laws and protect their rights and interests.
