Private Mortgage Loan Agreement Template for Denmark

The Private Mortgage Loan Agreement is a crucial document used in Danish real estate financing transactions between private parties or financial institutions and borrowers. This agreement is essential when providing mortgage financing for residential or commercial property purchases in Denmark, establishing the legal framework for the loan and its security. The document must comply with Danish mortgage regulations, including the Danish Mortgage-Credit Loans and Mortgage-Credit Bonds Act, and requires registration in the Danish Land Registry. It includes comprehensive details about the loan terms, property security, borrower obligations, and enforcement rights, while incorporating specific Danish legal requirements for mortgage lending, interest rate calculations, and property registration. The agreement is particularly important given Denmark's unique mortgage bond system and specific consumer protection requirements in financial transactions.

1. Parties: Identification of the lender and borrower with full legal names, addresses, and registration numbers if applicable

2. Background: Context of the loan agreement, including purpose of the loan and brief description of the property being mortgaged

3. Definitions: Definitions of key terms used throughout the agreement

4. Loan Details: Principal amount, currency, purpose of the loan, and disbursement conditions

5. Interest and Fees: Interest rate specifications, calculation method, payment frequency, and applicable fees

6. Repayment Terms: Repayment schedule, payment methods, prepayment rights and conditions

7. Security: Details of the mortgage security, property description, and ranking of the security

8. Property Obligations: Borrower's obligations regarding property maintenance, insurance, and use

9. Representations and Warranties: Statements of fact and promises made by the borrower regarding their circumstances and the property

10. Covenants: Ongoing obligations of the borrower throughout the loan term

11. Events of Default: Circumstances that constitute default and their consequences

12. Enforcement: Lender's rights and procedures in case of default, including foreclosure provisions

13. Notices: Communication requirements and contact details for formal notices

14. Governing Law and Jurisdiction: Confirmation of Danish law as governing law and jurisdiction for disputes

15. Signing Page: Execution blocks for all parties