A Mortgage Deed, also called a Mortgage Agreement, is a written document that officially recognizes a legally binding relationship between two parties – the Borrower and the Lender. The Borrower grants the Lender conditional ownership in certain property or assets as a security interest against a loan until the loan is repaid in full.
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MORTGAGE DEED. This Mortgage is given by _____, hereinafter called Borrower, of _____ to _____, hereinafter called Lender, which term includes any holder of this Mortgage, to secure the payment of the PRINCIPAL SUM of $_____ together with interest thereon computed on the outstanding balance, all as provided in a Note having the same date as this Mortgage, and also to secure the performance of.
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