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The Mortgage Loan Contract is a fundamental document in Danish real estate financing, used when a borrower seeks to obtain funding secured against real property in Denmark. This contract type is essential for both residential and commercial property transactions, operating within Denmark's distinctive mortgage credit system, which is renowned for its stability and efficiency. The document must comply with strict Danish regulatory requirements, including the Danish Mortgage Credit Act, Financial Business Act, and related legislation. It typically includes comprehensive details about the property, loan terms, security arrangements, and obligations of all parties. The contract serves as the primary legal framework for the mortgage relationship, enabling registration of the security with the Danish Land Registry and establishing the basis for potential mortgage bond issuance.

1. Parties: Identification of the mortgage lender and borrower(s), including full legal names, addresses, and registration numbers for legal entities

2. Background: Context of the mortgage loan, including purpose of the loan and brief description of the property being mortgaged

3. Definitions: Definitions of key terms used throughout the agreement, including technical financial and legal terminology

4. Loan Details: Specific details of the loan including principal amount, interest rate, term, and payment schedule

5. Property Details: Complete description of the mortgaged property, including address, land registry details, and property identification numbers

6. Security: Details of the mortgage security, including ranking of the mortgage and any existing encumbrances

7. Representations and Warranties: Statements of fact and assurances given by the borrower regarding their circumstances and the property

8. Borrower's Obligations: Ongoing obligations of the borrower including property maintenance, insurance, and payment requirements

9. Events of Default: Circumstances that constitute default and the lender's rights in such events

10. Interest and Fees: Detailed provisions regarding interest calculation, changes in interest rates, and applicable fees

11. Repayment Terms: Terms and conditions for loan repayment, including prepayment options and penalties

12. Insurance Requirements: Mandatory insurance coverage for the property and assignment of insurance policies

13. Notices: Requirements for formal communications between parties

14. Governing Law and Jurisdiction: Confirmation of Danish law as governing law and jurisdiction for disputes

15. Signing: Execution provisions and signature blocks for all parties