Products tagged with 'nova scotia mortgage form'

Use this template to prepare a Postponement Agreement between two mortgage lenders holding mortgages on the same property in Nova Scotia.

• The parties agree that the second mortgage will take priority over the first mortgage.
• The first mortgagee agrees to postpone its security, in return for the second mortgagee paying the first mortgagee a specified sum.
• The template can be re-used over and over again, and edited to fit your business' requirements.
• Available in MS Word format.
• Intended to be used only in the Province of Nova Scotia, Canada.

Prepare a Chattel Mortgage for a loan transaction in Nova Scotia with this downloadable template.

• The Chattel Mortgage is being granted by a borrower to a lender as security for a loan.
• The borrower will retain possession of the chattels and will pay all expenses related thereto, including taxes, repair costs, license fees, etc.
• The promissory note is included with the mortgage form.
• Available in MS Word format.
• Intended to be used only in the Province of Nova Scotia, Canada.

Prepare a Collateral Mortgage and Promissory Note for Nova Scotia with this downloadable template.

Borrower's Obligations Under the Mortgage

The borrower (mortgagor) will continue to hold the property and is responsible for paying all taxes, rates and assessments levied against the property.

Insurance

The borrower is responsible for insuring the buildings on the land for full insurable value.

Default

If the borrower defaults, the lender has the right to appoint a receiver of the property.

Format and Jurisdiction

This Collateral Mortgage and Promissory Note is available in MS Word format. It is downloadable, fully editable, and reusable.

It is intended to be used only in the Province of Nova Scotia, Canada. English language version only. A French language version may be required to comply with provincial language laws.

Prepare a schedule for a Condominium Mortgage with this template form for Nova Scotia condominiums.

• The mortgagor covenants and agrees:
  • To comply with all the provisions of the Nova Scotia Condominium Act;
  • To promptly pay all assessments and payments due to the condo corporation;
  • That the mortgagee can treat any default under the schedule as a default under the mortgage;
  • To assign all of its voting rights to the mortgagee;
  • That if the mortgagor sells the property, the entire balance of the mortgage will become due.
• Available in MS Word format.
• Intended to be used only in the Province of Nova Scotia, Canada.