Examples of Mortgage Form in a sentence
This Mortgage will secure at any one time only that portion of the principal component of the Indebtedness at such time up to the registered amount shown on the Mortgage Form (which may be identified on such form as the principal amount), together with interest or compound interest (in the manner specified in this Mortgage) on such portion of the Indebtedness and Costs.
Any agreement to make material changes to this Mortgage will not only apply to those who agree to the changes in writing, but to any Person, such as the Spouse (if any), who signed 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.
If any part of this Mortgage is not enforceable or invalid, all other parts of this Mortgage will remain in full effect and be enforceable against the Borrower and any Spouse who is signing 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.