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New Jersey Mortgage Deed

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                             This Mortgage Deed is a legal document that gives a mortgage lender a security interest in
                             a property. A borrower pledges his or her home as security for a loan, and the deed
                             represents the lender's ownership rights in the property. The deed gives the lender the
                             right to foreclose on the property if the borrower does not fulfill the obligations of the
                             mortgage. All mortgage lenders require borrowers to sign a mortgage deed or deed of trust
                             when they sign the promissory note, and before they actually receive the loan funds. This
                             document should be used by mortgage lenders located in New Jersey as a means of
                             security when making home loans.
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                                       MORTGAGE DEED

This Mortgage Deed is made and effective this ______ [Month] ___ [Date], 20___.

BETWEEN:

______________________ [Instruction: Insert the name of Borrower] hereinafter termed as
“Borrower”, having an address of ______________________ [Instruction: Insert the address
of Borrower], of City ______________________ [Instruction: Insert the City] of State New
Jersey.

AND:

______________________ [Instruction: Insert the name of Lender] hereinafter termed as
“Lender”, having an address of ________________________________________ [Instruction:
Insert the address of Lender], of City ________________________ [Instruction: Insert the
City] of State New Jersey.

RECITALS:

This Mortgage is given by Borrower to Lender, which term includes any holder of this
Mortgage, to secure the payment of the PRINCIPAL SUM of ________ ($___) [Instruction:
Insert the amount, e.g., five hundred dollars ($500)] together with interest thereon computed
on the outstanding balance of ________ ($___) [◊ Instruction: Insert the amount, e.g., fifty
dollars ($50)] all as provided in a Promissory Note having the same date as this Mortgage, and
also to secure the performance of all the terms, covenants, agreements, conditions and extensions
of the Note and this Mortgage.

In consideration of the loan made by Lender to Borrower and for the purpose expressed above,
Borrower does hereby grant and convey to Lender, with MORTGAGE COVENANTS, the
Mortgaged Property and all the improvements and fixtures now and hereafter a part thereof,
described in “Exhibit A” (hereinafter “Mortgaged Property”) attached hereto and made a part
hereof;

Borrower further covenants and agrees that:

   1. No superior mortgage or the note secured by it will be modified without the consent of
      Lender hereunder.

   2. Borrower will make with each periodic payment due under the Note secured by this
      Mortgage a payment sufficient to provide a fund from which the real estate taxes,
      assessments and other municipal charges which can become a lien against the Mortgaged
      
				
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Description: This Mortgage Deed is a legal document that gives a mortgage lender a security interest in a property. A borrower pledges his or her home as security for a loan, and the deed represents the lender's ownership rights in the property. The deed gives the lender the right to foreclose on the property if the borrower does not fulfill the obligations of the mortgage. All mortgage lenders require borrowers to sign a mortgage deed or deed of trust when they sign the promissory note, and before they actually receive the loan funds. This document should be used by mortgage lenders located in New Jersey as a means of security when making home loans.
This document is also part of a package Essential New Jersey Legal Documents 85 Documents Included