This assignment is a portfolio piece. After you receive your instructor’s feedback on your first submission, you will revise it for inclusion in your final portfolio.

1. Prepare a warranty deed using the closing information below, preparing a metes and bounds description for the property at which you currently reside.

Closing Date: May 12 of the current year.
Sellers: Patricia F. and Mark Franack
Buyers: Zulary and Hector F. Baez
Location: your current address
Purchase Price: $275,000.00
2. Prepare a mortgage note using the same information, as well as the additional information below:

Lender: Savings National Bank, 1 Corporate Way, Anytown, ST 12345
Mortgage Amount: $175,000.00
Interest Rate: 6%
Term: 30 years
Payment: $1,049.12
Late Charge: 4%
Submit this assignment to your instructor via the dropbox “LP6.1 Assignment: Warranty Deed and Mortgage.” This assignment is worth 30 points and will be graded according to the scoring guide below.

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