Syndicated Land Mortgage by Offering Memo (Alberta)

Use this template to prepare a Syndicated Land Mortgage pursuant to an offering memorandum for the Province of Alberta, Canada, being issued for the purpose of raising capital by way of selling fractional interests in the mortgage to investors. Provisions of the mortgage include:

• The mortgage is given as security for a loan agreement, under which the land developer is borrowing funds to purchase, develop and finance the land.
• All interest on becoming overdue will be treated as principal and will bear compound interest.
• The mortgagor may prepay all or part of the principal at any time when it is not in default, without bonus or penalty.
• The mortgage also contains a section of clauses specifically for condominium mortgages.

This is a Canadian legal document in MS Word format.