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1. Parties: Identification of the Mortgagor (borrower), Mortgagee (lender), and any guarantors with full legal names and details
2. Background: Context of the mortgage agreement, including property purchase details and purpose of the mortgage
3. Definitions: Comprehensive definitions of terms used throughout the agreement, including technical and financial terms
4. Property Details: Detailed description of the mortgaged property, including title details and registration information
5. Loan Amount and Terms: Specification of the principal amount, interest rate/profit rate, term of the mortgage, and payment schedule
6. Security Creation: Legal provisions creating the mortgage security over the property
7. Borrower's Representations and Warranties: Statements and guarantees made by the borrower regarding their capacity and the property's status
8. Borrower's Covenants: Ongoing obligations of the borrower including property maintenance, insurance, and payment obligations
9. Events of Default: Circumstances constituting default and consequences thereof
10. Enforcement Rights: Lender's rights and remedies in case of default, including power of sale
11. Insurance Requirements: Mandatory insurance coverage for the property and assignment of policies
12. Registration and Fees: Requirements for mortgage registration and allocation of associated costs
13. Notices: Process for serving notices between parties
14. Governing Law and Jurisdiction: Specification of UAE law application and courts' jurisdiction
1. Islamic Finance Provisions: Required for Sharia-compliant mortgages, including specific Islamic financing structure (Ijara, Murabaha, etc.)
2. Corporate Borrower Provisions: Additional provisions required when the borrower is a corporate entity, including corporate authorities and representations
3. Guarantor Provisions: Terms applicable when a third-party guarantor is involved in the mortgage
4. Property Management: Required for mortgages of commercial properties or when specific management obligations exist
5. Development Obligations: Needed when the mortgaged property is under construction or development
6. Foreign Ownership Provisions: Required when the borrower is a foreign national, addressing specific foreign ownership restrictions
7. Multiple Properties: Additional provisions when the mortgage covers multiple properties
8. Assignment and Transfer: Provisions allowing for the transfer or assignment of the mortgage to another lender
1. Property Schedule: Detailed legal description of the property, including title details, plot numbers, and location plans
2. Payment Schedule: Detailed breakdown of payment installments, including amounts and due dates
3. Insurance Schedule: Specific insurance requirements and minimum coverage amounts
4. Fees Schedule: Breakdown of all applicable fees, charges, and costs
5. Form of Transfer Deed: Template for property transfer in case of enforcement
6. Property Valuation Report: Independent valuation of the mortgaged property
7. Required Documents: List of documents required for mortgage registration and completion
8. Special Conditions: Any specific conditions or requirements unique to the particular mortgage
Applicable Law
Business Day
Completion Date
Default Interest
Default Notice
Encumbrance
Event of Default
Facility
Final Maturity Date
Financial Indebtedness
Governing Law
Insurance Policy
Interest Period
Interest Rate
Land Department
Legal Costs
Lender
Loan Amount
Material Adverse Effect
Mortgage
Mortgaged Property
Mortgagee
Mortgagor
Notice
Outstanding Amount
Payment Date
Permitted Security Interest
Principal Amount
Property
Property Registration Authority
Purchase Price
Registration Fee
Regulatory Authority
Related Rights
Repayment Schedule
Security
Security Period
Title Deed
Valuation Report
Loan Terms
Security Creation
Payment Obligations
Interest Calculation
Representations and Warranties
Covenants
Insurance Requirements
Default Provisions
Enforcement Rights
Registration Requirements
Property Maintenance
Assignment and Transfer
Notices
Amendments
Force Majeure
Severability
Entire Agreement
Counterparts
Governing Law
Jurisdiction
Waiver
Indemnification
Costs and Expenses
Property Inspection
Insurance Assignment
Title Warranties
Registration Compliance
Default Remedies
Acceleration Rights
Banking & Financial Services
Real Estate
Insurance
Legal Services
Property Development
Construction
Islamic Banking
Property Management
Investment & Asset Management
Mortgage Broking
Legal
Real Estate Finance
Credit Risk
Compliance
Islamic Banking
Property Services
Mortgage Operations
Documentation
Risk Management
Real Estate Advisory
Legal Counsel
Mortgage Officer
Real Estate Manager
Credit Risk Manager
Compliance Officer
Property Lawyer
Banking Relationship Manager
Islamic Banking Specialist
Real Estate Finance Manager
Mortgage Underwriter
Property Valuation Specialist
Documentation Manager
Risk Assessment Officer
Real Estate Transaction Manager
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