Sunday, October 28, 2007
Mortgages and Deeds of Trust
WAIS Document Retrieval: "2947. Any interest in real property which is capable of being transferred may be mortgaged. 2948. A mortgage of real property may be made in substantially the following form: This mortgage, made the ____ day of ________, in the year ____, by A B, of _____, mortgagor, to C D, of ______; mortgagee, witnesseth: That the mortgagor mortgages to the mortgagee (here describe the property), as security for the payment to him of _______ dollars, on (or before) the _____ day of ________, in the year ____, with interest thereon (or as security for the payment of an obligation, describing it, etc.) A B. 2948.5. (a) A borrower shall not be required to pay interest on a principal obligation under a promissory note secured by a mortgage or deed of trust on real property improved with between one to four residential dwelling units for any period that meets any of the following requirements:"
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment