Common use of Grant of Mortgage Clause in Contracts

Grant of Mortgage. The Borrower hereby grants, mortgages and charges to and in favour of the Lender all right, title, estate and interest of the Borrower in and to the Lands as security for the payment to the Lender of the Principal Amount, together with interest thereon and all other monies owing under this Mortgage, and the performance of all covenants, agreements and obligations secured by this Mortgage upon the terms set out in this Mortgage.

Grant of Mortgage. The Borrower hereby grants, mortgages and charges to and in favour of the Lender all right, title, estate and interest of the Borrower in and to the Lands as security for the payment to the Lender of the Principal Amount, together with interest thereon and all other monies owing under this Mortgage, Mortgage and the performance of all covenants, agreements and obligations secured by this Mortgage upon the terms set out in this Mortgage.