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Mortgage And Promissory Note
"Need a Mortgage and Promissory Note for a commercial property purchase in Singapore valued at SGD 2.5 million, with a 20-year term and variable interest rate, where the borrower is a foreign-owned company requiring additional foreign ownership clauses."
1. Parties: Identification of mortgagor and mortgagee with full legal names and addresses
2. Background: Context of the mortgage arrangement and property details
3. Definitions: Key terms used throughout the document
4. Loan Amount and Terms: Principal amount, interest rate, and loan duration
5. Security: Description of mortgaged property and security arrangements
6. Repayment Terms: Payment schedule, installment amounts, and payment methods
7. Mortgagor's Covenants: Obligations of the borrower including property maintenance and insurance
8. Events of Default: Circumstances constituting default and consequences
9. Enforcement Rights: Mortgagee's rights upon default
1. HDB Compliance: Required for HDB properties, containing specific HDB requirements
2. Foreign Ownership: Additional requirements for foreign buyers
3. Early Repayment: Terms for early loan settlement
4. Property Management: Specific requirements for property maintenance
1. Property Details Schedule: Detailed property description, boundaries, and title information
2. Payment Schedule: Detailed breakdown of payment installments and dates
3. Insurance Requirements: Specific insurance coverage requirements and terms
4. Property Valuation Report: Professional valuation of the mortgaged property
5. Land Title Documents: Copies of relevant title documents and certificates
Authors
Business Day
Charge
Commencement Date
Default Interest Rate
Default Rate
Event of Default
Facility
Interest Period
Interest Rate
Land
Law
Legal Charges
Loan
Loan Amount
Maturity Date
Mortgage
Mortgaged Property
Mortgagee
Mortgagor
Outstanding Amount
Payment Date
Permitted Security Interest
Principal
Promissory Note
Property
Repayment Date
Repayment Schedule
Security
Security Documents
Security Interest
Singapore Dollars
Term
Title Documents
Total Debt Servicing Ratio
Valuation Report
Interest and Fees
Repayment Terms
Security Creation
Property Description
Representations and Warranties
Mortgagor's Covenants
Mortgagee's Rights
Insurance Requirements
Events of Default
Enforcement Rights
Assignment and Transfer
Property Maintenance
Taxes and Expenses
Notices
Indemnification
Amendment and Modification
Severability
Governing Law
Jurisdiction
Further Assurance
Early Repayment
Title and Ownership
Registration Requirements
Stamp Duty
Property Valuation
Default Interest
Force Majeure
Entire Agreement
Waiver
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