Loan And Mortgage Agreement Template for New Zealand

1. Guarantor Provisions: Required when there are guarantors, setting out their obligations and the extent of their liability

2. Construction Provisions: Used when the loan is for property construction, including drawdown conditions and construction requirements

3. Multiple Securities: Required when multiple properties are offered as security for the loan

4. Interest Rate Switch Options: Included when the agreement allows for switching between fixed and floating rates

5. Prepayment Provisions: Detailed terms for early repayment, including any penalties or break fees

6. Cross-Collateralization: Used when the mortgage secures other facilities or obligations beyond this specific loan

7. Property Development Conditions: Required for loans funding property development, including specific conditions and reporting requirements

1. Schedule 1 - Property Details: Detailed legal description of the mortgaged property, including title references

2. Schedule 2 - Payment Schedule: Detailed repayment schedule including payment dates, amounts, and amortization table

3. Schedule 3 - Fees and Charges: Comprehensive list of all applicable fees and charges

4. Schedule 4 - Insurance Requirements: Specific insurance requirements for the secured property

5. Schedule 5 - Special Conditions: Any special conditions or variations to standard terms

6. Appendix A - Property Valuation: Current valuation report for the security property

7. Appendix B - Required Insurances: Copies of insurance certificates and policies

8. Appendix C - Guarantor Documents: Additional documents related to guarantors if applicable