Short Form Mortgage

[Han T.]

Hi BP Nation, hope everyone is well and safe! I have a question hope you guys could help me.

1. What is the difference between a Master Mortgage Form and a Short Form Mortgage?      

2. If I were to purchase a property via a seller's financing for investment purposes (non-owner occupied), am I right to say that I am not allowed to the typical FHA/Conventional Loan Mortgage Note (which is the Master Mortgage Form) because either paragraph 6 or 7 stipulates that the encumbered property must be owner occupied. Any issue if I were to use a Short Form Mortgage Note instead to file the lien to the County Recorder?

Hope to seek your advices Sirs/Mdms! Thanks a lot and continue to stay safe and carry on Investing! :) 

Example of Master Mortgage Form: https://singlefamily.fanniemae...

Example of Short Form Mortgage: https://singlefamily.fanniemae...