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Document Id : 3265
File Type : Microsoft Word
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Nova Scotia Collateral Mortgage and Promissory Note
NS lenders, prepare a Collateral Mortgage and Promissory Note for Nova Scotia with this downloadable template.
- The borrower (mortgagor) will continue to hold the land and is responsible for paying all taxes, rates and assessments levied against the land.
- The borrower is responsible for insuring the buildings on the land for full insurable value.
- If the borrower defaults, the lender has the right to appoint a receiver of the property.
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