Mortgage agreement: secured by property
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- Plain English makes editing easy
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About this document
This comprehensive deed of mortgage sets the terms for the relationship between a Mortgagor and a Mortgagee in respect of a Mortgage secured by Real Estate. This mortgage document, as drawn, safeguards the interests of the Mortgagee. However, there is scope for small edits to favour one party at the expense of the other if that is required.
This mortgage deed agreement is suitable for banks and money lending firms, any person or company in the financing sector, including lawyers and business professionals.
Application and features
- Default in payment of interest;
- Powers on acquisition of property;
- Independence of variations and modifications;
- Very flexible to suit the requirements of either or both parties;
- Provides a complete framework;
- Protects both sides.
- All appropriate legal provisions; warranties, exclusions, indemnities and more;
- Obligations of the parties;
- Appointment of Receiver;
- Powers of Receiver;
- Settlement and discharge of security;
- Covenant to pay principal;
- Covenant to pay interest.
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