THE LAND TITLES ACT
(For Official use only)
MORTGAGE
OCBC Legal / Jun 2009
(A)DESCRIPTION OF LAND
*CT/SSCT/SCT / MK / TS / Lot No / Property AddressWhole or part lot (If part lot, to state approved new lot/strata lot or to annex plan & give details)
Vol / Fol
(B)MORTGAGOR
ID/Co regn No:Name:
ID/Co regn No:
Name:
Address:
(within Singapore for service
of notice)
the proprietors (hereinafter individually and collectively called the "Mortgagor") of the land and premises above described (hereinafter called the "Mortgaged Property"), in consideration of the Mortgagee (defined below)
(C)MORTGAGEE
Co regn No: / 193200032/WName: / OVERSEA-CHINESE BANKING CORPORATION LIMITED
Address:
(within Singapore for service
of notice) / a company incorporated in the Republic of Singapore and having its registered office at 65 Chulia Street #09-00 OCBC Centre, Singapore 049513(hereinafter called "the Bank")
agreeing, or continuing, to make available to the Mortgagor general banking facilities including but not limited to advances, revolving credit facilities, loans, guarantee facilities and term facilities whether in Singapore Dollars and/or in foreign currencies and such other general banking and credit facilities or other accommodation, up to an aggregate limit of
( ) by permitting the Mortgagor to overdraw on the account or accounts current or to draw down or utilise any facilities on any other account or accounts whatsoever whether current or revolving or continuing or whether in instalments or otherwise which the Mortgagor now has or may at any time hereafter have with the Bank either solely or jointly or jointly with any other person or persons in partnership or otherwise (hereinafter called "the said Accounts" which expression shall wherever the context admits include any one or more of the accounts hereinbefore mentioned) on such terms as may from time to time be fixed by the Bank in its absolute discretion HEREBY MORTGAGES all the registered estate or interest of the Mortgagor in the Mortgaged Property to the Bank SUBJECT to the following PRIOR ENCUMBRANCES and subject to the covenants and conditions hereinafter set out:-
(D)PRIOR ENCUMBRANCES
(E)COVENANTS AND CONDITIONS
THE MORTGAGOR HEREBY COVENANTS WITH THE BANK AS FOLLOWS:-
1.TO PAY:-
1.1To the Bank on demand made to the Mortgagor all such sums of money which are now or shall from time to time or at any time hereafter be owing or remain unpaid to the Bank by the Mortgagor either as principal or as surety and either solely or jointly or jointly with any other person or persons in partnership or otherwise whether on the said Accounts or otherwise in any manner whatsoever or for all other liabilities whether certain or contingent primary or collateral including (but without prejudice to the generality of the foregoing) the balance which at the date of such demand shall be owing or remain unpaid to the Bank by the Mortgagor on the said Accounts or otherwise in any manner whatsoever whether in respect of moneys advanced or paid to or for the use or accommodation of the Mortgagor either solely or jointly or jointly with any other person or persons in partnership or otherwise or in respect of cheques bills of exchange promissory notes or other negotiable instruments signed drawn accepted or indorsed by or on behalf of the Mortgagor either solely or jointly or jointly with any other person or persons in partnership or otherwise or discounted paid or held by the Bank either at the request of the Mortgagor or in the course of business or otherwise or in respect of letters of credit bills notes drafts trust receipts guarantees indemnities or other documents or instruments signed by the Mortgagor either solely or jointly or jointly with any other person or persons in partnership or otherwise and held by the Bank or in respect of any other banking facilities whatsoever pursuant to the terms and conditions of any offer facility or commitment letter(s) or agreement(s) in relation thereto as revised varied amended supplemented or superceded from time to time (hereinafter collectively referred to as "the Letter of Offer"); and
1.2To the Bank interest on daily balances on or in respect of the principal moneys hereinbefore covenanted to be paid or any part thereof as shall from time to time be owing or remain unpaid until full payment at the rate or rates and in the manner provided under the terms of any banking facilities extended by the Bank to the Mortgagor from time to time or at such other rate or rates and with such periodic rests as may from time to time be fixed by the Bank; and
1.3To the Bank interest on any balance owing or remaining unpaid if and when the said Accounts shall be closed or shall cease to be current at the rate or rates and in the manner aforesaid or at such other rate or rates and with such periodic rests as may from time to time be fixed by the Bank from the date of such demand being made or from the date such account intended to be hereby secured shall be closed or shall cease to be current (as the case may be) whichever is the earlier until full payment is received by the Bank both after as well as before judgment (if any) shall have been obtained in respect thereof.
2.To perform observe and be bound by the terms covenants and conditions:-
2.1implied by law in mortgages of registered land;
2.2set out or referred to in the Letter of Offer; and
2.3set forth in the Memorandum filed in the Singapore Land Authority and numbered as I/95410Q.
3.Expressions in this Mortgage shall have the same meaning assigned to them as contained in the Memorandum. In the event of any inconsistency between the terms and conditions in this Mortgage and those contained in the Memorandum, the terms and conditions of this Mortgage shall prevail.
4.In the event of any inconsistency between the terms and conditions contained in this Mortgage and those contained in the Letter of Offer, the terms and conditions of the Letter of Offer shall prevail.
5.Where two or more persons are included in the expression "the Mortgagor" all covenants stipulations and provisions contained herein shall be deemed to be made by and to apply to and be binding upon all such persons jointly and severally and the term "the Mortgagor" shall include their legal personal representatives, successors and permitted assigns.
6.A person who is not a party to this Mortgage has no right under the Contracts (Rights of Third Parties) Act (Cap 53B) to enforce any term of this Mortgage.
(F)DATE OF MORTGAGE: ______
(G)EXECUTION BY MORTGAGOR
The Common Seal of)
)
was hereunto affixed in the)
presence of:)
______DIRECTOR
______DIRECTOR/SECRETARY
(H)EXECUTION BY BANK
Signature:______
OVERSEA-CHINESE BANKING CORPORATION LIMITED
by its Attorney
acting under a Power of Attorney dated the day of (a copy of which was deposited in the Registry of the Supreme Court, Singapore on the day of and registered as No. of )
Witness :______
(to Bank's Execution)
(I)SIMILAR INTEREST CONFIRMATION
I, the Solicitor for the Bank hereby confirm that the interest of the Bank is similar to that in Caveat CV/
NAME & SIGNATURE OF SOLICITOR FOR THE BANK
(J)CERTIFICATE OF CORRECTNESS
I, the Solicitor for the Mortgagor hereby certify that this instrument is correct for the purposes of the Land Titles Act and that I have a Practising Certificate issued on
NAME & SIGNATURE OF SOLICITOR FOR THE MORTGAGOR
I, the Solicitor for the Bank hereby certify that this instrument is correct for the purposes of the Land Titles Act and that I have a Practising Certificate issued on
NAME & SIGNATURE OF SOLICITOR FOR THE BANK
OCBC Legal / Jun 2009
FOR OFFICE USE ONLY
REGISTERED ONInitials of
Signing Officer:for REGISTRAR OF TITLES
Received on ______STARS CT/SSCT NE ( ) ______
______
Regn O/CClerk's Name & Signature
______
Del O/CName of Law Firm
MORTGAGE - DIRECT (CLOSED)(CORPORATE)
OCBC-MB-CC.1 (22.02.2002)(MW)