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.
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.
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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.
power of attorney,
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