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Mortgage to Secure Commercial Loan | Canada

The mortgage will be registered against the title to property owned by the borrower, to secure repayment of a commercial loan or other credit facility.
Interest is calculated annually and payable semi-annually. Payments are made against combined principal and interest.
The mortgage contains additional clauses for condominium properties.
This downloadable legal template can be used in most provinces and territories of Canada except Quebec.

$29.99

The Board of Directors resolve to have the corporation guarantee the repayment of a mortgage loan taken out by an affiliate or subsidiary, and to sign the necessary legal documents.
This template can be used for federal corporations or for business corporations incorporated under any provincial Business Corporations Act.
Available in MS Word format.
Intended to be used only in Canada.

$0.00

The directors authorize the corporation to mortgage certain property to a lender as security for a loan, an operating line or other amounts advanced by the lender to the corporation.
This downloadable template can be used by corporations incorporated under the Canada Business Corporations Act or under any provincial Business Corporations Act.
A French language translation may be required for use in Quebec.
The Directors Resolution to Grant Mortgage form for Canada is a fully editable and easy-to-use MS Word template.

$6.29 $4.99

Any changes to the mortgage, and any renewal of the mortgage, must be done in writing and signed by both parties. The mortgagor (borrower) and mortgagee (lender) agree to renew the mortgage and amend the following provisions of the original loan:
- the term of the renewal period,
- the adjusted interest rate,
- the adjusted payment amount,
- the payment frequency (monthly, weekly, bi-monthly).
NOTE: This is not a bank form. Each commercial lender has its own forms. This form is for privately placed mortgages.
Available in MS Word format.
Intended to be used only in Canada.

$6.49

This Deed creates a number of mortgages which will be registered against title to lands on which a condominium project will be developed.
The mortgages form the basis of a syndicated (fractional) investment offering.
Investors can purchase an interest in the mortgages and will be paid a guaranteed rate of interest on their investment.
The Trust Deed appoints a trustee who will hold title to the lands on behalf of all of the investors (mortgagees).
The mortgages are all first mortgages and all rank equally with one another.
The mortgagor can pay out the mortgage at any time, but must pay a bonus to the investors equal to 12 months' interest on the mortgage balance.
This legal form template is available in MS Word format and is fully editable.
Governed by Canadian laws and intended for use only in Canada.

$46.99

Standard provisions of the mortgage include:
- 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.
Available in MS Word format.
This template can be used in most Canadian provinces except for Quebec.

$29.99