Mortgage And Security Agreement Template for Saudi Arabia

1. Security Agent Provisions: Required when multiple lenders are involved, detailing the security agent's role and powers

2. Additional Security Rights: Used when additional forms of security are being created alongside the mortgage

3. Assignment and Transfer: Include when rights to assign or transfer the mortgage need to be addressed

4. Intercreditor Provisions: Required when multiple creditors have interests in the same property

5. Further Assurance: Optional provisions for additional documentation or actions that may be required

6. Currency Provisions: Include when dealing with international transactions or multiple currencies

7. Costs and Expenses: Detailed breakdown of cost responsibilities when needed beyond standard provisions

1. Property Schedule: Detailed legal description of the mortgaged property, including title deeds and plans

2. Form of Registration Application: Template for mortgage registration with relevant authorities

3. Form of Power of Attorney: Template for power of attorney required for registration and enforcement

4. Insurance Requirements: Detailed specifications for required takaful/insurance coverage

5. Form of Notice: Standard forms for various notices under the agreement

6. Secured Obligations Details: Detailed breakdown of the secured obligations and payment terms

7. Required Authorizations: List of required governmental and regulatory approvals

8. Property Valuation Report: Recent valuation report of the mortgaged property