Minnesota Mortgage Secured by Promissory Note Overview

Minnesota Mortgage Secured by Promissory Note Image
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This is a recordable document, when (properly recorded shall be taken and deemed notice to parties.) (507.32 Record, When Notice to Parties; Assignment of Mortgage.)

No instrument by which the title to real estate or any interest therein or lien thereon, is conveyed, created, encumbered, assigned or otherwise disposed of, shall be recorded by the county recorder or registered by the registrar of titles until the name and address of the person who or corporation which drafted the instrument is printed, typewritten, stamped or written on it in a legible manner.
(507.091 Conveyance to Include Name and Address of Drafter)

(No contract for deed or deed conveying fee title to real estate or affidavit of survivorship shall be recorded by the county recorder or registered by the registrar of titles until the name and address of the person to whom future tax statements should be sent, is printed, typewritten, stamped or written on it in a legible manner.) 507.092 Conveyance to Include Name and Address of Person to Receive Tax Statements.

Use this comprehensive 12 page Mortgage Form for vacant land, residential property, rental property (up to 4 units), small commercial property, condominiums, and planned unit developments. A mortgage secured by a promissory note that includes stringent default terms can be beneficial to a lender.

(Minnesota Mortgage Package includes forms, guidelines, and completed examples) For use in Minnesota only.

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