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1. Parties: Identification of the lender (typically a bank) and the borrower(s)/mortgagor(s), including full legal names, addresses, and registration details for legal entities
2. Background: Context of the mortgage agreement, including reference to any related loan agreements
3. Definitions: Definitions of key terms used throughout the agreement, including 'Property', 'Mortgage Amount', 'Security', etc.
4. Property Details: Detailed description of the mortgaged property, including land registry details (Grundbuch information), exact location, and boundaries
5. Mortgage Amount and Interest: Specification of the principal amount secured by the mortgage and applicable interest rates
6. Creation of Mortgage: Legal declarations necessary for creating the mortgage right (Hypothek) and registration requirements
7. Payment Terms: Details of repayment schedule, payment methods, and consequences of default
8. Borrower's Obligations: Key obligations including property maintenance, insurance, taxes, and other ongoing requirements
9. Lender's Rights: Rights of the lender, including enforcement rights and conditions for calling the loan
10. Property Insurance: Requirements for insurance coverage of the property
11. Events of Default: Circumstances constituting default and consequent rights of the lender
12. Enforcement: Procedures and rights for enforcing the mortgage in case of default
13. Notices: Communication requirements and contact details for official notices
14. Governing Law and Jurisdiction: Confirmation of German law application and jurisdiction
1. Multiple Borrowers: Additional provisions for cases with multiple borrowers, defining joint and several liability
2. Property Use Restrictions: Specific restrictions on property use, relevant for commercial properties or properties with special designations
3. Prepayment Terms: Terms for early repayment, including any prepayment penalties, if applicable
4. Third-Party Rights: Provisions regarding existing or future third-party rights over the property
5. Construction Provisions: Special provisions for properties under construction or planned renovation
6. Environmental Matters: Environmental warranties and obligations, particularly relevant for commercial properties
7. Assignment and Transfer: Provisions regarding the ability to assign or transfer the mortgage
8. Priority Arrangements: Provisions dealing with ranking of the mortgage if there are multiple charges on the property
1. Property Description Schedule: Detailed technical description of the property, including plans and boundaries
2. Payment Schedule: Detailed amortization schedule showing principal and interest payments
3. Insurance Requirements: Detailed specifications of required insurance coverage
4. Land Register Extract: Current extract from the land register (Grundbuchauszug)
5. Property Valuation: Professional valuation report of the property
6. Existing Encumbrances: List of existing charges or encumbrances on the property
7. Form of Notice: Template forms for various notices required under the agreement
8. Additional Security Documents: List and copies of any additional security arrangements
Property
Mortgage
Mortgage Amount
Secured Liabilities
Security Period
Business Day
Default Event
Interest Rate
Interest Payment Date
Land Register
Lending Bank
Mortgagor
Payment Date
Permitted Use
Property Documents
Registration Requirements
Security
Title Documents
Valuation Report
Insurance Policy
Enforcement Event
Notice
Parties
Principal Amount
Property Rights
Repayment Schedule
Security Interest
Term
Underlying Loan Agreement
Existing Encumbrances
Grundbuch
Hypothek
Insurance Requirements
Material Adverse Effect
Permitted Disposal
Priority Notice
Related Rights
Secured Obligations
Transaction Documents
Working Day
Security Interest
Property Description
Payment Terms
Interest Calculation
Registration Requirements
Insurance Obligations
Property Maintenance
Default Events
Enforcement Rights
Representations and Warranties
Property Use
Assignment and Transfer
Notice Requirements
Priority Rights
Further Assurance
Costs and Expenses
Amendments and Modifications
Severability
Governing Law
Jurisdiction
Force Majeure
Property Valuation
Repayment Terms
Security Registration
Third Party Rights
Termination Rights
Property Access
Environmental Compliance
Tax Obligations
Banking and Financial Services
Real Estate
Construction
Commercial Property
Residential Property
Legal Services
Insurance
Property Development
Agricultural Real Estate
Industrial Real Estate
Legal
Real Estate
Credit Risk
Compliance
Property Finance
Mortgage Operations
Transaction Management
Documentation
Corporate Banking
Risk Management
Legal Counsel
Banking Officer
Mortgage Advisor
Property Lawyer
Real Estate Manager
Credit Risk Officer
Compliance Officer
Bank Manager
Property Finance Manager
Notary Public
Real Estate Transaction Manager
Loan Officer
Legal Director
Property Portfolio Manager
Risk Assessment Officer
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