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Document Id : 68
File Type : Microsoft Word
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Alberta Collateral Mortgage and Promissory Note
Alberta lenders, prepare a Collateral Mortgage and Promissory Note with this template form for Alberta.
Key provisions of the mortgage include:- default and acceleration clauses,
- grant of power of attorney following default by the mortgagor,
- the mortgagee's right to seize the property if the mortgagor defaults,
- appointment of receiver ⁄ receiver-manager,
- assignment of rents.
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