Mortgage Deed on Real Property

3 Parties

No. of Prokens Required: 3 |

Download Mortgage Deed on Real Property in Word or PDF format

Document Preview:

Description:

The Three-party Mortgage Deed is a standard three-party form of mortgage between the Mortgagor (i.e. the Borrower) and the Mortgagee (i.e. the Lender) in relation to a mortgage of real property provided as security by the Mortgagor for the loan facility provided by the Lender to the Borrower.

(A) The Borrower and the Lender have entered into the Facility Agreement.

(B) As security for the facility under the Facility Agreement, the Mortgagor has agreed to mortgage the Property to the Lender for the consideration and upon the terms set out.

The Three-party Mortgage creates an assignment of or a legal charge over (so far as the property involved is a legal estate) completed residential property to secure repayments of any type of banking facilities and loans granted to the borrower (where it is not the same person as the mortgagor) and performance of the obligations of the borrower and the mortgagor under the Three-party Mortgage. The Three-party Mortgage is not appropriate for use in connection with uncompleted properties, which require the use of a separate form of equitable mortgage deed. The Three-party Mortgage is in a three-party form which can be executed by an individual or corporate mortgagor and/or borrower.

How to use this Document?

 

This document should be carefully read by the Individual Mortgagor, Borrower and Lender.

Both parties should sign and return a copy, and once signed, both parties should get a copy. To avoid any future disputes, both parties may wish to have their signatures witnessed.

The Mortgage Conditions should be clearly stated.

If either party wishes to amend the agreement in the future, both parties should agree to do so, and the original agreement and amendments should be recorded in writing and signed by both parties.

How to Tailor the Document for Your Need?

  1. Create Document: Click “Create Document” button and fill in the details of the parties. You can click the "Fill with Member's Information" button to complete the party's information with your personal or business information saved to your account.

  2. Please fill in any additional information by following the step-by-step guide on the left-hand side of the preview document and click the “Next” button.

  3. When you are done, click the “Get Document” button and you can download the document in Word or PDF format.

  4. Please get all the parties to review the document carefully and make any final modifications to ensure that the details are correct before signing the document. Each party should have a copy of the executed document.

Document Type:

Deed /poa / authorisation / agency / escrow

Category:

Business > Banking and Finance > Security Documents & Equitable Mortgage

 
Keywords:

assignment

,  

contract

,  

agreement

,  

security

,  

deed

,  

mortgage

,  

security

,  

three party mortgage

,  

real property

,  

property

,  

borrower

,  

mortgagor

,  

lender

,  

loan

,  

loan facility

,  

property

,  

legal estate

,  

residential property banking facilities

,  

loans

,  

legal charge

,  

two parties

,  

parties

,  

equitable

,  

equitable mortgage deed

,  

format of three party mortgage

,  

three party form

,  

signatory

,  

signatories

,  

parties

,  

mortgagee

,  

real estate

,