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Document Id : 235
File Type : Microsoft Word
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Ontario Equitable Mortgage
Prepare an Equitable Mortgage between the owners of a property and a lender with this template form for Ontario.
- The mortgage is security for a loan from the lender to the borrowers.
- The borrowers agree that if they default in repayment of the debt, they will either register a conventional mortgage against the property or sell the property and use the proceeds to pay off the debt.
- The lender has the option to accelerate the loan upon default by the borrowers.
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