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1. Parties: Identification of the mortgagor (borrower) and mortgagee (lender), including full legal names and addresses
2. Background: Context of the mortgage agreement, including property purchase details and purpose of the mortgage
3. Definitions: Definitions of key terms used throughout the mortgage contract
4. Property Description: Legal description of the mortgaged property, including municipal address and land registry details
5. Principal Sum and Interest Rate: Specification of the loan amount, interest rate, and calculation method
6. Payment Terms: Details of payment schedule, frequency, amounts, and method of payment
7. Security: Description of the security interest being granted over the property
8. Insurance Requirements: Mandatory property insurance requirements and terms
9. Property Taxes: Arrangements for payment of property taxes and any tax escrow requirements
10. Borrower Covenants: Promises and obligations of the borrower regarding property maintenance and use
11. Default and Remedies: Definition of default events and lender's remedies including power of sale
12. Prepayment Terms: Conditions and penalties for early payment of the mortgage
13. Assignment and Transfer: Terms governing the transfer or assignment of the mortgage
14. Notice Provisions: Requirements for giving notice between parties
15. Governing Law: Specification of applicable Canadian provincial law
1. Guarantor Provisions: Required when there is a guarantor for the mortgage, outlining their obligations and liability
2. Construction Provisions: Included for construction mortgages or when property improvements are planned
3. Condominium Provisions: Required when the mortgaged property is a condominium unit
4. Secondary Financing: Included when secondary financing is permitted or to prohibit it
5. Environmental Warranties: Added for commercial properties or when environmental concerns exist
6. Rental Provisions: Required when the property may be rented out or contains rental units
7. Line of Credit Provisions: Included when the mortgage includes a revolving line of credit component
8. Foreign Buyer Provisions: Required when the mortgagor is a non-resident of Canada
1. Schedule A - Property Description: Detailed legal description of the property including lot numbers, plan numbers, and easements
2. Schedule B - Payment Schedule: Amortization schedule showing payment dates, amounts, and interest allocations
3. Schedule C - Standard Charge Terms: Standard mortgage terms and conditions as filed with the land registry office
4. Schedule D - Insurance Requirements: Detailed specifications for required insurance coverage
5. Schedule E - Special Conditions: Any special terms or conditions specific to this mortgage
6. Appendix 1 - Property Survey: Current survey or real property report of the mortgaged property
7. Appendix 2 - Cost of Borrowing Disclosure: Federally required disclosure of all borrowing costs and APR
8. Appendix 3 - Environmental Assessment: Environmental reports or certificates (if applicable)
Annual Percentage Rate
Borrower
Business Day
Charge
Closing Date
Collateral
Commitment
Condominium Corporation
Condominium Documents
Condominium Unit
Default
Encumbrance
Environmental Law
Event of Default
Fixed Rate
Guarantor
Hazardous Substance
Improvements
Insurance
Interest Adjustment Date
Interest Rate
Land
Lender
Loan
Maturity Date
Mortgage
Mortgaged Property
Payment
Payment Date
Permitted Encumbrances
Person
Power of Sale
Prepayment
Principal
Property
Property Taxes
Real Property
Receiver
Registration
Secure
Security
Security Interest
Spouse
Standard Charge Terms
Taxes
Term
Title
Variable Rate
Work Orders
Payment Terms
Security Interest
Property Description
Insurance Requirements
Tax Payments
Default and Remedies
Prepayment Rights
Property Maintenance
Assignment and Transfer
Environmental Compliance
Insurance and Loss
Representations and Warranties
Covenants
Events of Default
Enforcement Rights
Notice Requirements
Registration
Powers of Sale
Receiver Appointment
Further Assurances
Survival
Severability
Governing Law
Amendment
Entire Agreement
Time of Essence
Joint and Several Liability
Spouse Consent
Property Use
Construction and Improvements
Inspection Rights
Insurance Proceeds
Property Tax Administration
Assignment of Rents
Condominium Provisions
Priority
Discharge
Cross Default
Acceleration
Banking
Real Estate
Financial Services
Insurance
Legal Services
Property Management
Construction
Property Development
Mortgage Lending
Consumer Services
Legal
Mortgage Operations
Risk Management
Compliance
Real Estate Finance
Credit Administration
Document Management
Property Services
Customer Service
Financial Advisory
Loan Administration
Quality Control
Mortgage Specialist
Real Estate Lawyer
Property Lawyer
Loan Officer
Mortgage Underwriter
Credit Risk Manager
Real Estate Agent
Property Appraiser
Banking Compliance Officer
Legal Counsel
Mortgage Broker
Financial Advisor
Banking Operations Manager
Real Estate Transaction Manager
Document Control Specialist
Property Manager
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