Canada Mortgage to Secure Commercial Loan

Canadian lenders, prepare a Mortgage to secure a commercial loan with this fully editable template form.

• The mortgage will be registered on title to property owned by the borrower. It is being granted as security for a commercial loan or other funds advanced by the lender.
• Interest is calculated annually and payable semi-annually. Payments are made against combined principal and interest.
• The mortgage is given as general and continuing collateral security for all indebtedness of the borrower, including current or running accounts, revolving lines of credit, and other liabilities.
• The mortgage contains clauses covering condominium properties.
• The mortgage also sets out the lender's remedies if the property is condemned or expropriated.

This Canada Mortgage to Secure Commercial Loan is provided in MS Word format, and is easy to download, fill in and print.