Purchase Money Deed Of Trust Template for Canada

1. Condominium Provisions: Additional terms specific to condominium properties, used when the secured property is a condominium unit

2. Construction Provisions: Terms relating to ongoing or future construction on the property, used when property improvements are planned

3. Environmental Matters: Additional environmental warranties and indemnities, used for commercial properties or properties with environmental concerns

4. Secondary Financing: Terms governing additional financing arrangements, used when secondary financing is permitted

5. Rental Provisions: Terms governing rental of the property, used when rental of the property is permitted

6. Cross-Collateralization: Provisions linking multiple properties or loans, used when multiple properties secure the loan

7. Future Advances: Provisions for additional loan advances, used when future advances may be made under the same security

1. Schedule A - Legal Description: Detailed legal description of the property including lot numbers, plan numbers, and boundaries

2. Schedule B - Permitted Encumbrances: List of existing liens, easements, or other encumbrances that are permitted to remain on title

3. Schedule C - Payment Schedule: Detailed amortization schedule showing payment amounts, dates, and allocation between principal and interest

4. Schedule D - Insurance Requirements: Detailed specifications for required insurance coverage

5. Schedule E - Property Maintenance Standards: Specific requirements for property maintenance and repair

6. Appendix 1 - Promissory Note: Copy of the promissory note evidencing the debt secured by the deed of trust

7. Appendix 2 - Property Photographs: Current photographs documenting the condition of the property at the time of execution