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A deed of trust that pledges the borrower’s residence as security for the mortgage loan, and describes the consequences if the borrower fails to make their mortgage loan payments on time .
If Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy must include a standard mortgage clause and must name Lender as mortgagee and/or as an additional loss payee.
The Short Form contains the loan-specific information (e.g., borrower name, lender name, loan amount, description of property, etc.) and identifies the provisions of the Master Form that are being incorporated into the Short Form.
The Michigan 3023 form is a crucial document for borrowers and lenders involved in mortgage transactions within Michigan, ensuring both parties are aware of their rights and responsibilities.
Fannie Mae/Freddie Mac UNIFORM INSTRUMENT(MERS)Form 3023. 07/2021 (rev. 02 / 22) MERS language has been inserted as Blue text ... is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is acting solely as a nominee for Lender and Lender’s successors and assigns. ... and has an address and telephone number of P.O ...
Individuals and couples who are applying for a mortgage in the state of Michigan are required to file the Michigan mortgage form. This form is typically filed by the borrower(s) or the individual(s) seeking a loan to purchase a property in Michigan.
Fidelity National Title Michigan. We provide residential real estate services including: Title Insurance, Closing and Escrow services, Construction Disbursing, 1031 Property Exchanges and more.
