[Leasehold] Mortgage, Assignment of Leases and Rents, Security Agreement, Financing Statement and Fixture Filing
(IL)

Summary

This [leasehold] mortgage, assignment of leases and rents, security agreement and fixture filing may be used in an acquisition loan transaction to secure the payment of indebtedness and obligations of the borrower by granting an interest to the lender in borrower's real property in Illinois. This template includes practical guidance, drafting notes, optional clauses, and alternate clauses. This template anticipates that the parties have also entered into a loan agreement and incorporates many of the loan agreement's terms by reference. If the parties have not entered into a loan agreement, this template should be revised accordingly. For further guidance, see Commercial Real Estate Financing Transactions (IL). For an Illinois note template, see Mortgage Note (Acquisition Loan) (IL). Illinois mortgages must be printed in black ink. Signatures and dates may be in a different color if they reproduce clearly.