Related products
Alberta Syndicated Mortgage and Indenture
Raise funds for a land development in Alberta by selling fractional mortgage interests to investors with this Syndicated Mortgage and Indenture template.
- 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
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.
$29.99
Trust Agreement for Syndicated Mortgage Units | Canada
Appoint a trustee to hold title to syndicated mortgage interests on behalf of the co-owners with this fully editable template for Canadian land deals.
- The trustee holds title to the land in trust in accordance with both the Trust Agreement and a Co-Owners Agreement among the co-owners and the issuing corporation.
- The co-owners, when not in default under the agreement, are entitled to full rights of ownership of the land, including possession and right of use.
- The trustee will not be required to expend its own funds or incur any financial liability.
- The Trustee has the power to commence any actions or proceedings it considers necessary to protect the rights of the Co-Owners and their respective interests in the land.
- This legal form template is available as a downloadable and fully editable MS Word document.
- Governed by Canadian laws and intended for use only in Canada.
$29.99
