Alberta Syndicated Mortgage and Indenture

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

Corporate Resolutions re Syndicated Mortgage | Canada

The resolutions authorize the corporation to:
- lend money to a related corporation (typically a land development company) under the terms of a syndicated mortgage on the lands owned by the borrowing company, and
- enter into a co-ownership agreement with the investors who purchase fractional interests in the mortgage.
This package of templates is available as a downloadable MS Word file.
Intended for use only for corporations incorporated in Canada.

$6.29

The mortgage and the underlying loan agreement form part of a syndicated mortgage transaction.
The fractional interests are being offered to investors as a means to raise capital for developing the lands being mortgaged.
The mortgagor can prepay the mortgage in whole or in part at any time, on 30 days notice, without bonus or penalty.
The mortgagor promises to pay all prior mortgages on the property as they become due. Any default under a prior mortgage will be deemed a default under this mortgage.
This legal form template is available in MS Word format.
Intended for use only in Canada.

$29.99