Common use of MORTGAGE EXPENSES Clause in Contracts

MORTGAGE EXPENSES. The Borrower agrees to pay the reasonable costs, charges and expenses of and incidental to this Mortgage and all other documents or security required in connection with or collateral to this Mortgage and of anything done in connection with the enforcement of the security granted by this Mortgage or the procuring of the payment of any monies secured by this Mortgage including, without limitation: (a) processing and administration fees (if any); (b) legal costs and disbursements (on a full indemnification basis and in no event less than on a solicitor and client basis); (c) other costs and expenses relating to inspecting the Lands, appraising the value of the Lands, examining title, preparing, executing, delivering and/or registering any document, providing legal advice and opinions; or (d) other costs and expenses relating generally to any steps and proceedings reasonably taken by the Lender in order to preserve or protect the Lands, defend the validity or priority of this Mortgage or realize on the security created by this Mortgage. The Borrower further agrees that any amounts so incurred or charged by the Lender shall be payable immediately on demand by the Borrower, be added to the monies secured by this Mortgage, bear interest at the Interest Rate and form a charge on the Lands.

Appears in 6 contracts

Samples: Saskatchewan Mortgage, Mortgage Agreement, Mortgage Agreement

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MORTGAGE EXPENSES. The Borrower agrees to pay the reasonable costs, charges and expenses of and incidental to this Mortgage and all other documents or security required in connection with or collateral to this Mortgage and of anything done in connection with the enforcement of the security granted by this Mortgage or the procuring of the payment of any monies secured by this Mortgage including, without limitation: (a) processing and administration fees (if any); (b) legal costs and disbursements (on a full indemnification basis and in no event less than on a solicitor and client basis); (c) other costs and expenses relating to inspecting the Lands, appraising the value of the Lands, examining title, preparing, executing, delivering and/or registering any document, providing legal advice and opinions; or; (d) other costs and expenses relating generally to any steps and proceedings reasonably taken by the Lender in order to preserve or protect the Lands, defend the validity or priority of this Mortgage or realize on the security created by this Mortgage. The Borrower further agrees that any amounts so incurred or charged by the Lender shall be payable immediately on demand by the Borrower, be added to the monies secured by this Mortgage, bear interest at the Interest Rate and form a charge on the Lands.

Appears in 2 contracts

Samples: Mortgage Agreement, Equity Power Mortgage

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MORTGAGE EXPENSES. The Borrower agrees to pay the reasonable costs, charges and expenses of and incidental to this Mortgage and all other documents or security required in connection with or collateral to this Mortgage and of anything done in connection with the enforcement of the security granted by this Mortgage or the procuring of the payment of any monies secured by this Mortgage including, without limitation: (a) processing and administration fees (if any); (b) legal costs and disbursements (on a full indemnification indemnitification basis and in no event less than on a solicitor and client basis); (c) other costs and expenses relating to inspecting the Lands, appraising the value of the Lands, examining title, preparing, executing, delivering and/or registering any document, providing legal advice and opinions; or (d) other costs and expenses relating generally to any steps and proceedings reasonably taken by the Lender in order to preserve or protect the Lands, defend the validity or priority of this Mortgage or realize on the security created by this Mortgage. The Borrower further agrees that any amounts so incurred or charged by the Lender shall be payable immediately on demand by the Borrower, be added to the monies secured by this Mortgage, bear interest at the Interest Rate and form a charge on the Lands.

Appears in 2 contracts

Samples: Conventional Mortgage, Conventional Mortgage

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