Products tagged with 'alberta mortgage form'

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Alberta Collateral Mortgage and Promissory Note

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.
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.

$29.99

The guarantee is an unconditional guarantee from a principal of the corporation who agrees to repay the principal, interest and all other sums owing under the mortgage if the corporate mortgagor defaults.
The guarantor's liability will be to the same extent as if the guarantor was primarily liable under the mortgage security, and not just as a surety.
The package also includes a set of corporate resolutions to be passed by the shareholders and directors of the corporate guarantor, authorizing the corporation to give the guarantee.
This package of Mortgage Guarantee forms is intended to be used in the Province of Alberta, Canada.

$11.99

A vendor take-back mortgage (also known as a 'purchase money mortgage') is often used for real estate transactions between family members.
The seller (vendor) agrees to carry all or part of the purchase price for the real estate and the buyer will make regular payments to the seller, just as with a regular mortgage.
The seller has the right to take back the property if the buyer fails to make the payments or meet its other obligations under the mortgage.
A Vendor Take-back Mortgage is an alternative method of financing a real estate purchase that allows buyers who cannot get a conventional mortgage a chance to own a home.
This legal document is intended solely for use in the Province of Alberta, Canada.

$17.99

Undivided Interest. Investors will be issued a promissory note and mortgage certificate by the mortgagor and will be owners of an undivided interest in the mortgage.
Security. Each Note Certificate issued, negotiated and certified shall be equally and ratably secured by the mortgage.
Payments. If a Note Certificate is registered in more than one name, any payments of principal and interest under the note will be paid by cheque payable to the order of all the holders named on the certificate, unless written instructions to the contrary are provided to the mortgagor.
Prepayment Rights. The mortgagor has the right to prepay any of the Note Certificates without penalty, upon payment of all interest accrued and unpaid as at the date of such payment.
Available in MS Word format.
Intended to be used only in the Province of Alberta, Canada.

$46.99

The current mortgage lender assigns the mortgage loan to a third party (for instance, another lender who is taking over the assets of the existing lender).
This is a free form available in MS Word format.
Intended for use only in the Province of Alberta, Canada.

$0.00

The Certificates are issued to the investors (co-owners) by a company which is acting as bare trustee of the land on behalf of the co-owners.
The Certificate represents the investor's undivided interest in the mortgage and as a co-owner of the land.
This template is available in MS Word format and is fully editable.
Intended for use only for lands located in the Province of Alberta.

$2.29