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    Alberta Collateral Mortgage and Promissory Note

    $29.99

    A collateral mortgage can be used to secure a line of credit, a revolving loan, or other credit facility where the balance owing changes from time to time. Use this template Collateral Mortgage and Promissory Note for credit facilities in Alberta.

    • The borrower is responsible for insuring, repairing, and maintaining the mortgaged property and for paying all taxes and assessments.
    • The lender is appointed as the borrower's attorney (agent) for the purpose of recovering any insurance proceeds with respect to the property.
    • The lender has power of attorney to sell, lease or encumber the property if the borrower defaults in its obligations.
    • The full balance owing is immediately payable if the borrower sells the property or, if the borrower is a corporation, there is a change in control.
    • This is a downloadable legal template in MS Word format.
    • Intended for use in the Province of Alberta, Canada.
    Download Type: Microsoft Word
    Last Updated: 06-May-2021
    SKU: 68
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    Ontario Standard Terms for Commercial Collateral Mortgage

    $17.99

    Use this downloadable template to prepare a set of Standard Charge Terms for a commercial collateral mortgage under Section 9 of the Ontario Land Registration Reform Act.

    • You first need to complete and file the Set of Standard Charge Terms with the Land Titles Office, which issues you a filing number.
    • Each time you enter into a loan transaction with a borrower which is secured by this type of mortgage, you simply file a Form 2 Charge ⁄ Mortgage of Land which refers to this set of standard terms by filing number.
    • This set of standard terms, and any addenda filed with the Form 2, will then govern the loan agreement between the parties.

    These Standard Terms for Commercial Collateral Mortgage are a must-have item for any commercial lender in Ontario.

    Ontario Standard Terms for Straight Charge / Mortgage

    $29.99

    Ontario lenders can use this template form to prepare Standard Charge Terms for a straight charge or mortgage under Section 9 of the Land Registration Reform Act.

    • When you file your initial set of Standard Charge Terms with the Land Titles Office, they issue you a filing number.
    • Each time you submit a Form 2 Charge / Mortgage of Land to secure a loan, you refer to the filing number.
    • That will ensure that the loan agreement secured by the mortgage is governed by this set of standard terms.

    To get your copy of the Standard Terms for Straight Charge / Mortgage, add it to your cart, check out and pay, and download the form to your computer.