Purchase Money Mortgage and Security Agreement between Borrower and Lender

This agreement is between a borrower and a lender, where the lender provides financing for the borrower to purchase specific property. The agreement grants the lender a security interest in the property as collateral until the loan is repaid. If the borrower defaults, the lender may take possession of the property. The contract outlines the repayment terms, conditions for default, and the rights and responsibilities of both parties.