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Alberta Collateral Mortgage and Promissory Note
Use this template Collateral Mortgage and Promissory Note for credit facilities in Alberta.
- A collateral mortgage can be used to secure a line of credit, a revolving loan, or other credit facility where the balance owing changes from time to time.
- The borrower is responsible for insuring, repairing, and maintaining the mortgaged property and for paying all taxes and assessments.
- The lender is appointed as the borrower's attorney (agent) for the purpose of recovering any insurance proceeds with respect to the property.
- The lender has power of attorney to sell, lease or encumber the property if the borrower defaults in its obligations.
- The full balance owing is immediately payable if the borrower sells the property or, if the borrower is a corporation, there is a change in control.
- This is a downloadable legal template in MS Word format.
- Intended for use in the Province of Alberta, Canada.
$29.99
Notice of Interest in Collateral | Canada
Give notice of your security interest in a debtor's collateral with this Notice of Interest in Collateral template for Canadian lenders.
- The Notice must be given by a lender or other secured party to any other person or firm which has a security interest in the same collateral.
- This form can be used in any province or territory of Canada which has a Personal Property Security Act.
- Available in MS Word format.
$2.29
USA Installment Note with Prepayment Fee
This form of Installment Promissory Note provides for fixed non-variable payments and a prepayment fee if the loan is paid out early.
- This legal form template can be used anywhere in the United States.
- The Note is secured by collateral belonging to the borrower.
- The borrower promises to repay the debt by a series of regular fixed installment payments.
- If the borrower elects to pay the debt earlier than the due date, the lender will charge a prepayment premium (fee).
- The Note contains an acceleration clause. If the borrower defaults in making a payment when it is due or becomes bankrupt or insolvent, the entire balance together with interest becomes immediately due and payable.
As a lender, your loan paperwork can be much easier to prepare if you download this USA Installment Note template. Add it to your cart and check out.
$12.49
Security Agreement | USA
Every commercial loan transaction should require the borrower to sign a Security Agreement. Use this customizable downloadable template.
- This form is only for use in the United States.
- The borrower (debtor) grants the lender (secured party) a security interest in certain property of the borrower, as collateral to secure repayment of the borrower's indebtedness under a promissory note.
- The parties intend the agreement to be a security agreement under the Uniform Commercial Code.
- The secured party has the right to take whatever action it considers necessary to protect its security interest.
- All amounts secured by the agreement become immediately due and payable if the borrower files for bankruptcy or becomes insolvent.
- The debtor waives any statute of limitations with respect to enforcement of the secured party's lien.
No lender should be without a standard form Security Agreement. If you don't have one yet, download your copy now.
$17.99