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Mortgage

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MORTGAGE

MADE the day of , 20,

From , an individual, whose address is:

(hereinafter called "MORTGAGOR")

TO , an individual, whose address is:

(hereinafter called "MORTGAGEE")

WHEREAS, MORTGAGOR has executed and delivered to MORTGAGEE a certain Mortgage Note or instrument (hereinafter called "NOTE") of even date herewith, in the principal sum of ($ lawful money of the United States of America, together with interest thereon at the rate provided in the NOTE until the indebtedness is paid in full and in the manner and at the times therein set forth, with the final payment of principal and interest, if not sooner paid, due and payable on the day of , , and containing certain other terms and conditions, all of which are specifically incorporated herein by reference.

NOW, THEREFORE, MORTGAGOR, in consideration of said debt or principal sum and as security for the payment of the same and interest as aforesaid, together with all other sums payable hereunder or under the terms of the NOTE, does grant and convey unto MORTGAGEE, its successors and assigns, as the case may be:

ALL

TOGETHER with the buildings and improvements, now or hereafter erected thereon, the appurtenances thereunto belonging and all streets, lanes, alleys, passages, rights, liabilities, privileges, hereditaments and appurtenances whatsoever thereto and the reversions, remainders, rents, issues and profits thereof and any other sums hereafter intended by the MORTGAGOR and MORTGAGEE to be secured hereby.

TO HAVE AND TO HOLD the same unto MORTGAGEE, its successors and assigns forever.

PROVIDED HOWEVER, That if MORTGAGOR shall pay to MORTGAGEE the aforesaid debt or principal sum, and all other sums payable by MORTGAGOR to MORTGAGEE hereunder and under the terms of the NOTE, together with interest thereon, and shall keep and perform each of the other covenants, conditions and agreements hereinafter set forth, then this Mortgage and the estate hereby granted and conveyed shall become void.

In case default be made for the space of days in the payment of any installment of principal or interest pursuant to the terms of the NOTE, or in the performance by MORTGAGOR of any of the other obligations of the NOTE or this Mortgage, the entire unpaid balance of said principal sum, and all other sums paid by MORTGAGEE pursuant to the terms of the NOTE or this Mortgage, together with unpaid interest thereon, shall at the option of MORTGAGEE and without notice become immediately due and payable, and foreclosure proceedings may be brought forthwith on this Mortgage and prosecuted to judgment, execution and sale for the collection of the same, together with costs of suit and an attorney's commission for collection of the total indebtedness. MORTGAGOR hereby forever waives and releases all errors in said proceedings, waives stay of execution, the right of inquisition and extension of time of payment, agrees to condemnation of any property levied upon by virtue of any such execution, and waives all exemption from levy and sale of any property that now is or hereafter may be exempted by law.

The covenants, conditions and agreements contained in this Mortgage shall bind, and the benefits thereof shall inure to the respective parties hereto and their respective heirs, executors, administrators, successors and assigns as the case may be. If this Mortgage is executed by more than one person, the undertakings and liability of each shall be joint and several

NOTICE - THIS DOCUMENT MAY NOT (DOES NOT) SELL, CONVEY, TRANSFER, INCLUDE OR INSURE THE TITLE TO THE COAL AND RIGHT OF SUPPORT UNDERNEATH THE SURFACE LAND DESCRIBED OR REFERRED TO HEREIN, AND THE OWNER OR OWNERS OF SUCH COAL MAY HAVE (HAVE) THE COMPLETE LEGAL RIGHT TO REMOVE ALL OF SUCH COAL AND, IN THAT CONNECTION, DAMAGE MAY RESULT TO THE SURFACE OF THE LAND AND ANY HOUSE, BUILDING OR OTHER STRUCTURE ON OR IN SUCH LAND. THE INCLUSION OF THIS NOTICE DOES NOT ENLARGE, RESTRICT OR MODIFY ANY LEGAL RIGHTS OR ESTATES OTHERWISE CREATED, TRANSFERRED, EXCEPTED OR RESERVED BY THIS INSTRUMENT. [This notice is set forth in the manner provided in Section I of the Act of July 17,1957, P.L. 984, as amended.]

WITNESS the hand and seal of the said MORTGAGOR

WITNESS:

SEAL

COMMONWEALTH OF )

)SS:

COUNTY OF )

On this, the day of , 20, before me, a Notary Public, personally appeared , known to me (or satisfactorily proven) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged that he/she/they executed the same for the purposes therein contained

IN WITNESS WHEREOF I hereunto set hand and official seal.

My Commission Expires:

NOTARY PUBLIC

FOR VALUE RECEIVED, the MORTGAGEE within named does hereby sell, assign, transfer and set over unto , the , dated , recorded in .

WITNESS my hand and seal this day of 20.

ATTEST:

SEAL

COMMONWEALTH OF PENNSYLVANIA, )

)SS:

COUNTY OF )

On this the day of 20, before me, a Notary Public, personally appeared MORTGAGEE within named and acknowledged that the above assignment to be act and deed, to the end that it may be recorded as such.

IN WITNESS WHEREOF, I hereunto set my hand and official seal.

My Commission Expires:

Enter text✕

What a Mortgage Is and how it functions

A mortgage is a security instrument that creates a lien on real property to secure repayment of a loan. It typically accompanies a promissory note that sets payment terms, interest, and maturity. The mortgage identifies borrower(s), lender, legal property description, and remedies on default, such as acceleration and foreclosure. In many jurisdictions the mortgage must be signed, acknowledged, and recorded with the county recorder to protect lien priority. Electronic execution and delivery are permitted under federal and state e-signature laws when the transaction is not subject to an exception.

Why a properly drafted Mortgage matters

A complete mortgage establishes lender security, clarifies borrower obligations, and preserves priority against subsequent claims. Accurate execution and timely recording reduce title risk, prevent disputes, and support enforceability in foreclosure or refinance scenarios.

Why a properly drafted Mortgage matters

Typical parties who prepare, sign, or record a Mortgage

The mortgage process involves lenders, borrowers, closing agents, and recording authorities; responsibilities vary by role.

  • Mortgage lenders and servicers who require enforceable collateral and clear repayment terms during origination and default.
  • Borrowers and co-borrowers who must provide accurate identity, signatures, and acknowledgements for recording and title.
  • Title companies, escrow agents, and county recorders responsible for verifying legal descriptions and filing the instrument.

Each participant has distinct duties—lenders secure the lien, borrowers confirm identity and consent, and recorders protect public notice.

Who typically signs on behalf of each party

Mortgage Lender

Loan officer, credit officer, or authorized corporate officer signs for the lender; signature authority should be documented in corporate resolutions or loan approvals and matched to recorded documents.

Borrower / Owner

Individual borrower(s) or authorized signatory for an entity must sign exactly as named; name mismatches can cause recording defects and title issues at closing or resale.

Core components included in a professional Mortgage

A mortgage combines legal descriptions, borrower obligations, and enforcement provisions; each section serves a discrete legal and practical purpose.

Granting Clause

Transfers a security interest to the lender by describing collateral rights and creating the lien that secures the promissory note and remedies on default.

Legal Description

Precise parcel description (metes and bounds or lot/block) required for recording; generic addresses alone are insufficient for title clarity and recording.

Payment Terms

References the promissory note for principal, interest, escrow, and payment schedule; describes late charges, prepayment, and default interest rules.

Acceleration & Remedies

Defines when lender may accelerate the debt, commence foreclosure, and recover costs; critical for enforceability and borrower notice obligations.

Covenants

Borrower promises such as insurance, property maintenance, and tax payment; triggers for default and lender rights are enumerated here.

Acknowledgement

Signature block, notary acknowledgement or RON certificate, and witness lines when required; supports recording and public notice.

Step-by-step: completing and executing a Mortgage

Follow this sequence to reduce errors and ensure the mortgage records properly with county authorities.

  • 01
    Gather Documents: Collect note, title commitment, IDs, and corporate authorization as applicable.
  • 02
    Populate Fields: Enter legal description, names, amounts, and governing law accurately.
  • 03
    Sign & Authenticate: Execute with required signatures, notary or RON authentication, and witness lines if applicable.
  • 04
    Record: File with county recorder where the property is located to perfect priority.

Where to send and file the executed Mortgage

Routing depends on role and the desired public notice; use appropriate channels to preserve priority and supply copies to stakeholders.

  • County Recorder: Primary filing office for perfection and public notice in the property's county.
  • Title Company: Receives copy to update title commitments and coordinate closing and endorsements.
  • Lender/Servicer: Retain an executed copy for loan servicing, default management, and audits.
  • Borrower: Provide the borrower a fully executed copy for their records and future transactions.

Common digital workflow settings for Mortgage execution

Configure the signing workflow to match required authentication, document format, and post-signature routing.

Field Configuration
Authentication Email link, SMS code, or knowledge-based verification
Signature Type Electronic signature, RON notarization, or in-person notarization
Document Format PDF/A for long-term archiving and recording compatibility
Notifications Email distribution to lender, title, and borrower after completion

Technical considerations for eSigning and eRecording

Confirm platform support for the authentication, format, and integration requirements your transaction needs.

  • Integrations: CRM, LOS, and title software integrations ease automated routing
  • File Types: PDF, DOCX, and PDF/A compatibility required for many recorders
  • Authentication: Multi-factor or identity-proofing supports RON and higher-assurance workflows

Ensure the chosen platform provides secure storage, audit trails, and exportable records for recorders and audits.

Essential data elements every Mortgage must include

Loan Amount: Principal sum
Borrower Name: Full legal name
Property Address: Street, city, ZIP
Legal Description: Parcel description
Interest Rate: Rate and calculation method
Maturity Date: MM/DD/YYYY

Common preparation and recording errors to avoid

  • Using an incomplete or imprecise legal description, which can cause indexing failures and require corrective instruments.
  • Mismatched borrower or lender names between the note and mortgage, creating title defects and delaying closings.
  • Failing to obtain required notarization or RON authentication, which can prevent recording or weaken enforceability.
  • Not recording promptly after execution, risking loss of lien priority against subsequent purchasers or encumbrances.

Consequences of incorrect or incomplete Mortgages

Recording Defect: Lien may be unindexed
Title Issues: Clouds on title affect sale or refinance
Enforceability Risk: Borrower defenses may increase
Priority Loss: Later liens may take precedence
Regulatory Exposure: TILA/RESPA compliance scrutiny
Costly Cure: Corrections, affidavits, or litigation

Comparison: signNow and common eSignature providers

Basic pricing and feature presence across providers; confirm vendor plans and terms directly with each vendor before purchasing.

signNow DocuSign Adobe Sign PandaDoc HelloSign
Starting Price $8/user/mo $15/user/mo $14/user/mo $19/user/mo $15/user/mo
Free Trial 7-day free trial Varies Varies Varies Varies
Bulk Send Yes (tiered) Yes Yes Yes No
Audit Trail Yes Yes Yes Yes Yes
HIPAA Compliant Yes Yes Yes No No

Real-world examples of online mortgage workflows

Customer experiences show how digital signing and secure workflows streamline mortgage-related document execution and recordkeeping.

Martin Properties

Martin Properties moved closings online to process documents remotely and securely.

  • Mobile and offline signing supported.
  • Founder Tim Martin stated that online execution provided consistent compliance and efficient returns of signed forms, reducing the need for in-person signings while maintaining required notarizations and recordings.

BIS

BIS centralized execution with secure audit trails for approval workflows.

  • Integration with back-office systems simplified processing.
  • CEO Dan Rotelli noted SOC 2 compliance mattered for institutional confidence and helped the company standardize signature and retention practices for lending documents.

Frequently asked questions about Mortgages and eSigning

Answers to common legal, procedural, and technical questions encountered when preparing or eSigning a mortgage.


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