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Private Mortgage Loan Agreement
"I need a Private Mortgage Loan Agreement for a residential property in Singapore, with a loan amount of SGD 1.2 million at 3.5% interest rate, to be repaid over 20 years starting March 2025, with optional early repayment provisions."
1. Parties: Identification of lender and borrower with full legal names and addresses
2. Background: Context of the loan agreement and property details
3. Definitions: Key terms used throughout the agreement including those required under Singapore's Moneylenders Act and Banking Act
4. Loan Amount and Purpose: Specification of loan amount and intended use in compliance with Singapore lending regulations
5. Interest Rate and Calculations: Interest rate terms, calculation method, and payment schedule in accordance with Singapore's usury laws and MAS guidelines
6. Security: Details of the mortgage security over the property as per Property Law Act and Land Titles Act requirements
7. Repayment Terms: Payment schedule, method, and prepayment provisions in compliance with Singapore banking regulations
8. Events of Default: Circumstances constituting default and consequences under Singapore law
9. Representations and Warranties: Statements of fact by borrower regarding their situation and compliance with Singapore regulations
1. Insurance Requirements: Property insurance obligations and requirements under Singapore insurance regulations
2. Guarantor Provisions: Terms relating to any guarantors and their obligations under Singapore law
3. Property Maintenance Obligations: Requirements for property upkeep and maintenance standards
4. Special Payment Provisions: Additional payment terms for unique arrangements compliant with Singapore banking regulations
1. Property Description Schedule: Detailed legal description of the mortgaged property as required by Land Titles Act
2. Payment Schedule: Detailed amortization table showing payment breakdown and interest calculations
3. Insurance Requirements Schedule: Specific insurance requirements and minimum coverage details
4. Required Documents List: List of documents required from borrower under Singapore mortgage regulations
5. Property Valuation Report: Professional valuation of the property in accordance with Singapore valuation standards
Authors
Applicable Law
Borrower
Business Day
Completion Date
Default Interest Rate
Default Event
Disbursement Date
Encumbrance
Interest Period
Interest Rate
Lender
Loan
Loan Amount
Maturity Date
Mortgage
Mortgaged Property
Outstanding Amount
Payment Date
Prepayment
Principal
Property
Repayment Schedule
Security
Security Documents
Singapore Dollars
Term
Title Documents
Valuation Report
Working Day
Interest Rate
Security
Repayment Terms
Conditions Precedent
Representations and Warranties
Covenants
Property Maintenance
Insurance
Events of Default
Remedies
Assignment
Notices
Governing Law
Jurisdiction
Force Majeure
Confidentiality
Amendment
Severability
Entire Agreement
Further Assurance
Costs and Expenses
Indemnification
Registration
Property Inspection Rights
Prepayment
Default Interest
Cross Default
Set-off Rights
Change in Law
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