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    Promissory Note with Collateral Charge on Land | Canada


    Are you lending a large sum of money? Have the borrower put up land as collateral with this Promissory Note with Collateral Charge on Land, for use in Canada.

    • The collateral charge on the land is held by the lender as additional security for repayment of the principal amount under the Note.
    • Interest on the balance is a floating rate, calculated based on the then-current prime lending rate of the lender's bank.
    • The outstanding balance may be prepaid by the borrower without penalty (no prepayment premium or fee will be charged).
    • This legal document template is available in MS Word format and is easy to download, fill in with your details, and print.
    • Governed by Canadian laws and intended for use in Canada.
    Download Type: Microsoft Word
    Last Updated: 03-April-2021
    SKU: 6512