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1. Parties: Identification of the Lender and Borrower(s) with full legal names and addresses
2. Background: Recitals detailing the original mortgage agreement, current status, and reason for settlement
3. Definitions: Definitions of key terms used throughout the agreement
4. Settlement Amount: Clear statement of the agreed settlement sum and how it differs from the original mortgage amount
5. Payment Terms: Detailed payment schedule, including amounts, dates, and payment methods
6. Release Provisions: Terms under which the mortgage will be released upon completion of settlement payments
7. Default Provisions: Consequences and procedures in case of default on settlement terms
8. Representations and Warranties: Statements of fact and promises made by both parties
9. Confidentiality: Terms regarding the confidentiality of the settlement agreement
10. Governing Law: Confirmation of Irish law as governing law and jurisdiction
11. Execution: Signature blocks and execution requirements
1. Guarantor Provisions: Required when there are third-party guarantors involved in the settlement
2. Property Sale Requirements: Included when settlement involves the sale of the mortgaged property
3. Tax Implications: Details of tax consequences when settlement involves significant debt write-off
4. Insurance Requirements: Specific insurance obligations during the settlement period
5. Third Party Consents: Required when settlement needs approval from other parties
6. Early Payment Provisions: Terms for early settlement payment options
7. Future Credit Rating Implications: Agreements regarding credit rating reporting
8. Surviving Covenants: Any mortgage covenants that survive the settlement
1. Schedule 1 - Property Details: Full legal description of the mortgaged property
2. Schedule 2 - Original Mortgage Agreement: Details of the original mortgage agreement including date and reference number
3. Schedule 3 - Payment Schedule: Detailed breakdown of payment amounts and dates
4. Schedule 4 - Settlement Calculation: Breakdown of how the settlement amount was calculated
5. Appendix A - Required Forms: Standard forms required for mortgage settlement in Ireland
6. Appendix B - Property Valuation: Current property valuation report if relevant to settlement
7. Appendix C - Consent Forms: Required consent forms from relevant parties
8. Appendix D - Discharge Documentation: Forms required for the discharge of the mortgage upon settlement completion
Original Mortgage
Property
Mortgage Account
Settlement Amount
Settlement Date
Completion Date
Lender
Borrower
Guarantor
Security
Charge
Outstanding Balance
Default
Business Day
Discharge
Payment Schedule
Interest Rate
Early Repayment
Arrears
Code of Conduct on Mortgage Arrears
Central Bank
Land Registry
Registry of Deeds
Secured Obligations
Title Documents
Enforcement Action
Representations and Warranties
Settlement Conditions
Effective Date
Payment Terms
Release Date
Original Facility
Security Documents
Relevant Authority
Working Day
Event of Default
Material Adverse Change
Permitted Disposal
Related Rights
Settlement Period
Mortgage Protection Insurance
Property Value
Definitions
Interpretation
Settlement Terms
Payment Obligations
Security Release
Property Provisions
Representations and Warranties
Conditions Precedent
Default
Remedies
Enforcement
Insurance
Assignment
Notices
Confidentiality
Data Protection
Costs and Expenses
Amendments
Severability
Entire Agreement
Force Majeure
Governing Law
Jurisdiction
Execution
Early Termination
Title Covenants
Consumer Protection
Regulatory Compliance
Further Assurance
Waiver
Indemnification
Release of Claims
Good Faith
Time of Essence
Financial Services
Banking
Real Estate
Legal Services
Mortgage Services
Property Development
Insurance
Financial Technology
Legal
Compliance
Risk Management
Mortgage Operations
Credit Assessment
Customer Relations
Property Services
Document Management
Financial Advisory
Regulatory Affairs
Mortgage Advisor
Legal Counsel
Compliance Officer
Credit Risk Manager
Property Lawyer
Banking Operations Manager
Debt Recovery Specialist
Financial Advisor
Mortgage Underwriter
Settlement Officer
Real Estate Manager
Banking Relationship Manager
Legal Risk Officer
Consumer Protection Specialist
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