Ontario Standard Terms for Commercial Collateral Mortgage

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.

Prepare a Fixed Rate Closed Term Mortgage with this template form for Canada, which can be customized for use in most Canadian provinces.

• Equal monthly payments of blended principal and interest (and taxes, if the lender requires).
• On default, the lender has the right to take possession of the property by distress warrant or by foreclosing on the property.
• The lender has the right to bring legal action to recover mortgage arrears and costs, plus interest and any other amounts owing.

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.

Secure your interest as lender and the repayment of the loan by having the borrower sign this Alberta Collateral Mortgage and Promissory Note. Buy it, download it, use it as often as you need to.