Anatomy of a Mortgage

A practical guide to the basic concepts of real estate finance, Anatomy of a Mortgage provides the information a lawyer needs to know and understand to provide effective counsel to borrowers in a commercial real estate transaction. Author Lawrence Uchill, a veteran real estate attorney, analyzes the key provisions contained in real estate mortgages and several other related mortgage loan documents. The detailed analysis and commentary are focused on provisions used for income-producing property and the provisions especially related to the "commercial" nature of the property. The book also considers relevant provisions in other related loan documents such as the Note, Loan Agreement and Assignment of Leases and Rents. Each section follows an easy-to-understand format, introducing a specific provision of a loan document, followed by the verbatim text and commentary on the provision. Includes a complete sample Mortgage and Security Agreement.