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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
Loan Agreement for Syndicated Mortgage Transaction | Canada
Prepare a Loan Agreement for a syndicated mortgage transaction with this template form for Canada.
- The syndicated mortgage is being offered as an investment opportunity to raise capital for development of the subject lands.
- Part of the loan advance will be set aside as security for repayment of the interest on the loan. The remainder of the loan proceeds will be used to purchase, develop, finance or refinance the land.
- Additional security for the loan includes the mortgage, an assignment of rents and leases, and a reserve fund.
- Interest accrues daily, is calculated quarterly in advance and is payable quarterly in arrears.
- Available as a fully editable Microsoft Word document.
- Intended for use only for transactions in Canada.
$29.99
Offer to Purchase Undivided Interest in Syndicated Mortgage | Canada
Prepare an Offer to Purchase Undivided Interest in Property under a syndicated mortgage with this template form for Canada.
- The offer is made by an investor who wants to purchase an undivided interest in a syndicated mortgage investment.
- The offer contains representations and warranties given by each party.
- The purchaser, as a co-owner of the lands, directors that title be held in trust by the trustee appointed under the Co-ownership Agreement made among all the co-owners.
- The purchaser grants the vendor an unconditional irrevocable option to repurchase the interest for the purchase price.
- This legal form template is downloadable and editable.
- Intended for use only in Canada.
$17.99
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Mortgage Amending or Renewal Agreement | Canada
Amend or renew a mortgage on a residential property in Canada with this Mortgage Amending or Renewal Agreement.
- 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
