Examples of Mortgage Form in a sentence
The Borrower and Covenantor hereby acknowledge receipt of a copy of this set of standard mortgage terms and, if applicable, any additions, amendments or deletions to this set of standard mortgage terms as provided in the Mortgage Form before executing or at the time of executing this Mortgage.
If there is a guarantor of the mortgage obligations, download from our legal documents web site and complete the Guarantee of Residential Mortgage (Form 3941) using the information contained in the Specific Instructions.
Such amendments, renewals or extensions may result in an increase in the Interest Rate beyond the rate per annum set out in item 5(b) of the Mortgage Form.
If a rate of interest is set out on the Mortgage Form, the rate or rates of interest on the Indebtedness will nonetheless be the rate or rates specified by the terms of an Agreement and this Mortgage, but if none are specified for any portion of the Indebtedness, then the applicable rate of interest for such Indebtedness will be that which is set out on the Mortgage Form.
This Mortgage binds the Borrower, a Spouse (if any Spouse is signing the Mortgage Form) and their respective heirs, personal representatives, successors, executors, administrators and assigns.