Mortgage Backing Loan Agreement for Syndicated Investment | Canada

This template is for a mortgage as security to back a loan agreement in a syndicated land investment in Canada.

• 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.