Freddie Mac Single-Family Seller/Servicer Guide 4101.3 — Master Form and Short Form Security Instruments

This section contains requirements related to: ■ Master Form and Short Form Security Instruments ■ Instructions for use of Master Form Security Instrument; Short Form Security Instrument

(a) Master Form and Short Form Security Instruments Certain States have statutes that allow originating lenders to record a Master Form Security Instrument in a given county and then to record a Short Form Security Instrument for each subsequent Mortgage originated and recorded in that county. The Short Form Security Instrument contains the loan-specific information (e.g., Borrower name, lender name, loan amount, description of property) and identifies the provisions of the Master Form Security Instrument that are being incorporated into the Short Form Security Instrument. The State-specific Fannie Mae/Freddie Mac Uniform Master Form Security Instrument and Short Form Security Instrument are available from Freddie Mac’s website at https://sf.freddiemac.com/tools-learning/uniform-instruments/2021-updatedinstruments. See Exhibit 4A, Single-Family Uniform Instruments, for the list of currently available Master Form Security Instruments and Short Form Security Instruments and the current dates of these instruments. Freddie Mac will purchase Mortgages originated on a Short Form Security Instrument provided the requirements stated in this Section 4101.3 are satisfied. The Seller must not use or record a Short Form Security Instrument unless it has already recorded a Master Form Security Instrument in the recorder’s office serving the recording jurisdiction in which the Mortgaged Premises is located. In North Carolina, a Master Form may not be recorded in certain designated counties stated in the North Carolina statute. A copy of the recorded Master Form Security Instrument must be provided to the Borrower. (i) Master Form Security Instrument The Master Form Security Instrument is the Master Form Mortgage or Deed of Trust that is permitted under certain State statutes to be recorded by originating lenders in a given recording jurisdiction in the State. The Master Form Security Instrument for each State (with the exception of Ohio) consists of: ■ A title page (the name of the title page differs in different States), which contains the information required under the State statute to record the Master Form Security Instrument in that State and ■ The current Fannie Mae/Freddie Mac Uniform Security Instrument for that State In Ohio, there is no title page; the Master Form Security Instrument is the current Fannie Mae/Freddie Mac Ohio Mortgage with the required Master Form information provided on the first page of the Ohio Mortgage form itself. (ii) Short Form Security Instrument The Short Form Security Instrument is the Mortgage or Deed of Trust recorded for each individual Mortgage made and recorded in the recording jurisdiction where the Master Form Security Instrument is recorded. The Short Form Security Instrument contains loan-specific information and incorporates by reference the provisions of the previously recorded Master Form Security Instrument. A Seller must not use or record a Short Form Security Instrument unless the Seller has already recorded a Master Form Security Instrument in the recorder’s office serving the recording jurisdiction in which the Mortgaged Premises is located.

(b) Instructions for use of Master Form Security Instrument; Short Form Security Instrument (i) Master Form Security Instrument The Seller must: 1. Complete the title page by inserting the names and relevant information in the applicable places and have the title page signed and acknowledged, if required 2. Attach the title page to the front of the current Security Instrument for the State 3. Record the title page and Security Instrument together in the recorder’s office serving the recording jurisdiction(s) in which the Seller anticipates subsequently recording Short Form Security Instruments 4. In Ohio, complete the information in the box at the top of the first page of the Master Mortgage Form by inserting the names and relevant information in the applicable places and have the first page signed in the box at the top of the first page. Do not complete information outside of the box other than “Return to” information. The Security Instrument to which the title page is attached (or, in Ohio, on which the Master Form information is provided) should not have any information completed and should not be signed or acknowledged. In the event Freddie Mac revises the Uniform Security Instrument for the applicable State, the Seller must record the revised Master Form Security Instrument in all applicable local recording offices. The previously recorded Master Form Security Instrument must not be released or superseded. Mortgages originated after the effective date of a revised Uniform Security Instrument must be originated using a Short Form Security Instrument that references the new recorded Master Form Security Instrument. (ii) Short Form Security Instrument The Seller must: 1. Insert the recording information from the Master Form Security Instrument in the first paragraph of the “Definitions” section. (The recording information must be that of the Master Form Security Instrument that was recorded in the recording jurisdiction in which the Mortgaged Premises is located.) 2. Insert information for all blank spaces in the “Definitions” section 3. Check the applicable Rider boxes 4. Insert the property description information 5. Provide the Borrower with an exact copy of the recorded Master Form Security Instrument (the completed title page with recordation information and the applicable current Fannie Mae/Freddie Mac Uniform Security Instrument for the State) 6. Arrange for the Short Form Security Instrument to be executed by the Borrower(s) and acknowledged 7. Arrange for any applicable Riders to be executed by the Borrower(s). In Pennsylvania, attach a copy of the Fannie Mae/Freddie Mac Pennsylvania Uniform Mortgage under the caption: “General Provisions Incorporated by Reference and Not to be Recorded with this Document” after the Rider(s), if any. 8. Record the Short Form Security Instrument and any applicable Riders in the recorder’s office serving the recording jurisdiction in which the Mortgaged Premises is located