Examples of Standard Mortgage Terms in a sentence
All terms utilized in this Schedule but not otherwise defined in this Schedule shall have the respective meanings ascribed to such terms in the Standard Charge Terms or Standard Mortgage Terms, as applicable.
At Item 9, select (b) Filed Standard Mortgage Terms and insert applicable D.F. Number.
Additional or Modified TermsAll words that are capitalized in this Schedule shall have the same defined meanings as are ascribed to such words in the Filed Standard Mortgage Terms referred to in Item 9 of the attached Mortgage – Part 1 (Land Title Act) Form B.
Unless otherwise defined, any capitalized terms mean the same as they do in the set of Filed Standard Mortgage Terms that apply to this Mortgage.
How are you paid?For example, in cash, by cheque or straight into a bank or building society account.How many hours a week do you usually work?Give details of any regular overtime, bonuses, commission or tips.Tell us about all the employers on a separate sheet of paper and sendit with this form.
We are lending money or providing other forms of credit (either now or in the future) to [insert name(s) of Customer(s)] who is referred to in this Schedule and the Filed Standard Mortgage Terms as the “Customer”.
To assist you in identifying the applicable Standard Mortgage Terms, please refer to the Mortgagee’s General Instructions to Lawyer/Notary to determine whether the Mortgage has a fixed, variable or RateCapper® rate of interest.
A copy of the Mortgage (including the Standard Mortgage Terms, where applicable) is also to be given to each Covenantor/Guarantor, if applicable.
Please use the Standard Mortgage Terms for the province in which the mortgaged property is located.
You are responsible for downloading the applicable Standard Mortgage Terms, preparing them in a form acceptable for registration at the applicable registry, registering them at the appropriate registry/registries, and providing them to the Borrower(s) and Guarantor(s).