Collateral Mortgage & Promissory Note (Alberta)

Alberta lenders, use this ready-made template to prepare a Land Mortgage collateral to a promissory note for the Province of Alberta. The file also contains a Promissory Note form. Key provisions of the mortgage include (among others):

• default and acceleration clauses,
• grant of power of attorney following default by mortgagor,
• mortgagee right to seize the property if mortgagor defaults,
• appointment of receiver / receiver-manager,
• assignment of rents.

This Alberta Collateral Mortgage and Promissory Note is in MS Word format, and is fully editable.