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The Mortgage and Security Agreement is a fundamental document in Danish property financing, used to secure loans against real estate collateral. This document is essential when a property owner (mortgagor) seeks financing from a lending institution (mortgagee) and offers their property as security. The agreement must comply with Danish legal requirements, including the Danish Mortgage-Credit Loans and Mortgage-Credit Bonds Act and registration requirements under the Danish Land Registration Act. It contains detailed provisions on the secured obligations, property maintenance requirements, insurance obligations, events of default, and enforcement procedures. The document is particularly important in Denmark's unique mortgage system, which is known for its 'balance principle' where mortgage loans are funded through the issuance of matching bonds.

1. Parties: Identification of the mortgagor, mortgagee, and any guarantors

2. Background: Context of the mortgage agreement, including the underlying loan or credit facility

3. Definitions: Key terms used throughout the agreement, including property description, secured obligations, and technical terms

4. The Loan: Details of the loan amount, interest rate, repayment terms, and payment schedule

5. Grant of Security: Creation and scope of the security interest over the property

6. Property Description: Detailed legal description of the mortgaged property including cadastral details

7. Secured Obligations: Definition and scope of the obligations secured by the mortgage

8. Representations and Warranties: Mortgagor's confirmations regarding property ownership, authority, and absence of encumbrances

9. Mortgagor's Covenants: Ongoing obligations regarding property maintenance, insurance, and compliance with laws

10. Insurance Requirements: Mandatory insurance coverage and requirements for the mortgaged property

11. Events of Default: Circumstances constituting default and triggering enforcement rights

12. Enforcement Rights: Mortgagee's rights and remedies upon default, including foreclosure procedures

13. Costs and Expenses: Allocation of costs related to the mortgage, registration, and enforcement

14. Notices: Communication requirements and contact details for formal notices

15. Governing Law and Jurisdiction: Confirmation of Danish law application and jurisdiction

16. Execution: Signature blocks and execution requirements