Power of Attorney - Individual

Mortgage of / Charge on Securities

No. of Credits Required: 1 |

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Description:

This POA for individual is given to the Lender in relation to the sale of Mortgaged / Charged Securities as security for a loan.

By a loan agreement made between the Lender and the Mortgagor, the Lender has agreed, subject to the conditions there set out, to make available to the Borrower a loan facility.

By a guarantee the Mortgagor has agreed to guarantee the liabilities of the Borrower under the Loan Agreement.

By an equitable mortgage made between the Mortgagor and the Lender, the Mortgagor has mortgaged in favour of the Lender, inter alia, all the right, title and interest of the Mortgagor in and to the securities listed in the Schedule to the Equitable Mortgage.

How to use this Document?

 

This document should be carefully read by the Mortgagor and the 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.

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 on “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 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. The document should be signed by the authorised signatory (or 2 directors for a company) and witnessed to complete the formality.

Document Type:

Deed /poa / authorisation / agency / escrow

Category:

Business > Banking and Finance > Security Documents & Equitable Mortgage

 
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Author:

DocPro Legal

DocPro Legal is a team of legal professionals with a passion for making quality documents and legal contract templates widely available to the public through cutting edge technology. Our lawyers are qualified in numerous common law jurisdictions including the United Kingdom, Australia, New Zealand, India, Singapore and Hong Kong. We have experience in major law firms and international banks with expertise in business, commercial, finance, banking, litigation, family, succession and company laws.