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1. Parties: Identification of the Mortgagor, Mortgagee, and their respective details including addresses for notices
2. Background: Context of the mortgage agreement, including reference to any underlying loan agreement or facility
3. Definitions: Definitions of key terms used throughout the agreement
4. The Mortgage: Core terms of the mortgage, including the amount secured and description of the mortgaged property
5. Security Interest: Creation and scope of the security interest, including the obligations being secured
6. Representations and Warranties: Mortgagor's declarations regarding ownership, authority, and status of the property
7. Covenants: Ongoing obligations of the Mortgagor regarding property maintenance, insurance, taxes, and other duties
8. Insurance: Requirements for property insurance, naming of loss payee, and handling of insurance proceeds
9. Events of Default: Circumstances constituting default and their consequences
10. Enforcement Rights: Mortgagee's rights upon default, including foreclosure procedures under Act 3135
11. Registration and Stamp Duty: Requirements for registration and payment of associated fees
12. Notices: Process and requirements for giving notices under the agreement
13. Governing Law and Jurisdiction: Specification of Philippine law as governing law and choice of courts
14. Miscellaneous: Standard boilerplate provisions including severability, amendments, and entire agreement
1. Third Party Security: Used when the mortgagor is not the principal debtor, defining the relationship between parties
2. Cross-Default: Include when the mortgage secures multiple facilities or relates to other security agreements
3. Assignment and Transfer: Detailed provisions for when the mortgage may be assigned or transferred, particularly relevant for bank mortgages
4. Further Assurance: Additional security provisions when complex property rights are involved
5. Environmental Provisions: Required for commercial properties or when environmental risks are a concern
6. Negative Pledge: Restrictions on creating additional security over the property, used in commercial mortgages
7. Power of Attorney: Appointment of mortgagee as attorney-in-fact for specific purposes, often used in commercial contexts
1. Schedule 1 - Property Description: Detailed technical description of the mortgaged property, including boundaries and title details
2. Schedule 2 - Secured Obligations: Detailed description of the obligations secured by the mortgage
3. Schedule 3 - Form of Notice: Template forms for various notices required under the agreement
4. Schedule 4 - Insurance Requirements: Detailed specifications of required insurance coverage
5. Schedule 5 - Existing Encumbrances: List of any existing liens or encumbrances on the property
6. Appendix A - Property Documents: List of title documents and other property-related certificates
7. Appendix B - Required Authorizations: List of required governmental and regulatory approvals
Banking
Real Estate
Financial Services
Construction
Property Development
Agriculture
Manufacturing
Retail
Hospitality
Commercial Property
Legal
Real Estate
Credit Risk
Compliance
Finance
Corporate Banking
Retail Banking
Property Management
Risk Management
Business Development
Legal Counsel
Corporate Lawyer
Real Estate Manager
Credit Risk Officer
Loan Officer
Mortgage Specialist
Property Manager
Compliance Officer
Banking Executive
Real Estate Developer
Chief Financial Officer
Risk Manager
Credit Analyst
Business Development Manager
Real Estate Attorney
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