Mortgage Terms. The terms and conditions for all Mortgages, including but not limited to the interest rate, will be set from time to time by Minnesota Housing, at its sole option and discretion, and communicated to the Lender in accordance with the procedures set forth in the Procedural Manual.
Mortgage Terms. The Borrower further agrees that the attached Mortgage Terms form part of this Mortgage. The Borrower acknowledges having received a true copy of this Mortgage. The Spouse of the Borrower consents to this Mortgage and does further convey all of the right title and interest of such Spouse to the Lender to the same extent as the conveyance herein by the Borrower subject to the proviso for payment set forth herein. Dated on , . Signed, sealed and delivered in the presence of: ) LS Witness ) Borrower ) )
Mortgage Terms. Pay special attention to the needs of your Buyer clients when filling out the terms in Subparagraph
Mortgage Terms. The Borrower further agrees that the attached Mortgage Terms form part of this Mortgage. The Borrower acknowledges having received a true copy of this Mortgage. The Spouse of the Borrower consents to this Mortgage and does further convey all of the right title and interest of such Spouse to the Lender to the same extent as the conveyance herein by the Borrower subject to the proviso for payment set forth herein. Dated on , _. Signed, sealed and delivered in the presence of: _ _ ) LS Witness ) Borrower ) _ _ ) LS Witness ) Borrower The address of the mortgagee is c/o Marathon Mortgage Corp. Suite 000 - 00 Xxxxxxxxxx Xxxxxx Toronto, ON M5J 1T1 CANADA PROVINCE OF COUNTY OF I CERTIFY that on this day of , 20 , , one of the parties mentioned in the foregoing and annexed Mortgage, executed the same in my presence and I have signed as a witness to such execution. A Barrister, Commissioner or Notary Public C A N A D A ) PROVINCE OF SASKATCHEWAN ) T O W I T ) THE HOMESTEADS ACT, 1989 CONSENT OF NON-OWNING SPOUSE I, , non-owning spouse of , consent to the above disposition. I declare that I have signed this consent for the purpose of relinquishing all my homestead rights in the property described in the above disposition in favour of Computershare Trust Company of Canada to the extent necessary to give effect to this Mortgage. _ (SIGNATURE OF NON-OWNING SPOUSE)
Mortgage Terms. Any mortgage placed upon the Leased Premises or Tenant’s interest therein shall contain provisions appropriate to recognize and facilitate the provisions of this Article VIII as to the payment, application and use of insurance proceeds.
Mortgage Terms. Buyer will apply for and attempt to secure, at Buyer's expense, a Mortgage in at least 90% of the amount stated in the Purchase Agreement, amortized monthly over a period of not more than thirty (30) years with a fixed interest rate acceptable to the Buyer, and with other terms not less favorable to Buyer than those set forth in this Addendum.
Mortgage Terms. Vendor agrees to provide to Purchaser, and Purchaser accepts, a mortgage in the amount of the balance due on closing as calculated pursuant to section 1 (as amended). The mortgage shall otherwise be prepared substantially in accordance with the terms and conditions set forth in the mortgage provisions attached as Schedule "B" hereto ("Mortgage") and the terms and conditions in this section 2. The Mortgage shall be for a term commencing on the Closing Date and ending on the 30th day of November 2006. The full amount of the Mortgage shall become due and payable upon the expiration of the said term which shall be November 30th, 2006. No principal payment of any kind is due from Purchaser on the Mortgage prior to November 30, 2006. The interest rate for the Mortgage shall be 0% if paid on or before November 30th, 2006 and the Purchaser shall have the right to prepay the Mortgage without bonus or penalty anytime up to and including November 30, 2006. If Purchaser makes any such pre-payment then Vendor agrees to give Purchaser a discount rate on the pre-paid amount from the date that such pre-payment is made, through November 30, 2006, the maturity date of the Mortgage, at 2.5% annually. If payment of the Mortgage is made (i) on or after November 30, 2006 through December 31, 2006 or (ii) during the cure period as contained in Schedule B if Purchaser does not make the payment on November 30, 2006, interest would accrue at the rate of 6% per annum on the unpaid balance. Pursuant to the Mortgage the Purchaser shall be required, (1) by a date not later than six months following the Closing Date, to deposit the sum of TWO HUNDRED FIFTY THOUSAND CANADIAN DOLLARS (CDN $250,000) and (2) by a date not later than twelve months following the Closing Date, to deposit and additional sum of TWO HUNDRED FIFTY THOUSAND CANADIAN DOLLARS (CDN $250,000) (the "Trust Fund") with the Vendor's solicitors, in trust, (the "Trustee") to be held in an interest bearing account pursuant to an escrow agreement to be prepared in a form acceptable to the Vendor's solicitors and the Purchaser's solicitors (both acting reasonably), and otherwise providing as follows. The Purchaser may decrease the amount that it deposits into the Trust by the amount of any Authorized Expenditures (as defined below, in this paragraph). The Mortgage shall provided that the Trust Fund may be paid to the Purchaser by the Trustee from time to time, in whole or in part, to pay for improvements to the Property similar...
Mortgage Terms. Each Mortgage Loan shall be made at the Mortgage Loan Rate of six point five percent (6.50%) per annum and shall have such other terms and conditions as may be specified in the Procedural Guide.
Mortgage Terms. Part 2 of this mortgage consists of (select one only):
Mortgage Terms. Part 2 of this mortgage consists of (select one only): (a) Prescribed Standard Mortgage Terms þ (b) Filed Standard Mortgage Terms ¨ D F Number: (c) Express Mortgage Terms ¨ (annexed to this mortgage as Part 2) A selection of (a) or (b) includes any additional or modified terms referred to in item 10 or in a schedule annexed to this mortgage.
