INSTRUCTIONS FOR COMPLETING THE REGISTRATION FORM FOR A MORTGAGE
When completing the registration form for a mortgage please fill out each relevant information box with the terms listed below:
Standard Charge Terms: For mortgages to be registered in British Columbia, Alberta, Saskatchewan, Manitoba, or Ontario you must obtain the correct standard charge terms or registration/document number from F.18955-SAP-002.
For mortgages to be registered in New Brunswick, you must obtain the correct registration/document number from 18435-SAP-002.
Registration form: For mortgages to be registered in Nova Scotia, Prince Edward Island and Newfoundland and Labrador, please use f.18192-SAP-002 as registration form.
For mortgages to be registered in Alberta and Saskatchewan please use f.18956 SAP-002 as registration form.
Address of mortgagee: Register the business center address indicated in the specific mandate.
Interest Rate: “20% per annum”
(except in Saskatchewan, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador)
Balance Due Date: “on demand”
Insurance Amount: “full replacement value”
For fields that must remain empty, please indicate N/A or XXXX. Any other information box should be completed as applicable in your jurisdiction and as required pursuant to the terms of the mortgage.
PARTICULARITY FOR MORTGAGE LOANS OF THE PROVINCES SASKATCHEWAN:
ISC number: 126981221
PARTICULARITIES FOR MORTGAGE OF THE PROVINCE OF MANITOBA:
1. If there is a guarantor, in box 9, insert “Schedule: ”, and have the guarantor sign the mortgage as Covenantor and as the schedule insert the following:
“I, , the Guarantor, unconditionally guarantee to lender inter alia payment when due of the Principal Amount and I agree to comply with my obligations pursuant to the Standard Charge Terms number XXXXX ”.
2. In the prescribed Schedule, if one is required, insert the provided to this effect, insert the name of the Borrower(s) and have the Borrower(s) sign and date the Schedule where indicated.
PARTICULARITIES FOR MORTGAGE OF THE PROVINCE OF BRITISH COLUMBIA:
1. Complete the Boxes in Item 5 as follow:
(A) Enter the principal amount of the mortgage as described in the Commitment. Note that this amount may be greater than the amount actually advanced under the mortgage.
(B) Enter “SEE SCHEDULE” and ensure that the interest rate is adequately described in the Form E Schedule.
(C) Enter “N/A”.
(D) Enter “SEE SCHEDULE” and ensure that the interest calculation period is adequately described in the Form E Schedule.
(E) Enter “SEE SCHEDULE” and ensure that the payment dates are adequately described in the Form E Schedule.
(F) Enter “N/A”.
(G) Enter “N/A”.
(H) Enter “N/A”.
(I) Enter “N/A”.
(J) Enter “X” in the box beside the word “Yes”. Only if the Bank requires an assignment of rents, enter the filling number of the filed Standard Charges Terms, and enter paragraph 11.2c), which corresponds to assignment or rents provisions in the Standard Charges Terms.
(K) Enter “Postal Address in Item 4”.
(L) Enter “SEE SCHEDULE” and ensure that the Balance Due Date is adequately described in the Form E Schedule.
PARTICULARITIES FOR MORTGAGE OF THE PROVINCE OF ONTARIO:
Complete the computer field entitled “Provisions” as follows:
Principal: Insert full principal amount as described in the Commitment
Currency: Insert “CAD”
Calculation Period: Leave Blank
Balance Due Date: Leave Blank
Interest Rate: Leave Blank
Standard Charge Terms: See form 18955 to have obtain the correct registration number
Insurance Amount: Insert “full insurable value”
Guarantor: Leave Blank
PARTICULARITIES FOR MORTGAGE OF THE PROVINCE OF NEW-BRUNSWICK:
Complete the section entitled “Particulars of Security” as follow:
The Mortgagor mortgages to the Mortgagee the specified parcel, in the specified manner of tenure, as collateral security and continuing security for payment by the Mortgagor to the Mortgagee of all present and future debts and liabilities, matured or not, direct or indirect, absolute or contingent, now or at any time due or owing to the Mortgagee by the Mortgagor whether as principal debtor or surety and whether incurred by the Mortgagor alone or jointly with any person or otherwise, together with interest and other amounts owing under this Mortgage from the date of any advance at the rate of 20%; but it being agreed that this Mortgage at any one time shall secure only that portion of such debts and obligations outstanding at such time which does not exceed the sum of Dollars (the “Principal Sum”) together with interest thereon. All debts and liabilities secured by this Mortgage are further defined and referred to in this Mortgage as the “Indebtedness”.
Complete the section entitled “Statutory Covenants and Conditions Excluded” as follow: ALL