Guam § 36202 - Form of Mortgage.

§ 36202. Form of Mortgage.

A mortgage of real property may be made in substantially the following

form; but may be made in any form in use in the United States, except in the

form of deeds of trusts and conveyances with right to repurchase:

“This mortgage, made this ___ day of ____, in the year ____,

by A.B., of __________, mortgagor, to C.D., of ___________,

mortgagee, witnesseth:

That the mortgagor mortgages to the mortgagee (her describe

the property), as security for the payment to him of _____ dollars,

on (or before) the ____ day of ____ in the year ____, with interest

hereon (or as security for the payment of an obligation describing

it, etc.)

_____________________________

“A.B.”