The Mortgage and Security Agreement is a crucial document in Pakistani banking and property transactions, used when a property owner (mortgagor) seeks financing from a financial institution (mortgagee) using real property as security. This document is essential for both residential and commercial property financing, combining elements of property law and banking regulations. It must comply with multiple Pakistani legislations, including the Transfer of Property Act 1882, Registration Act 1908, and Financial Institutions (Recovery of Finances) Ordinance 2001. The agreement serves to protect the interests of both parties by clearly defining the terms of the mortgage, security arrangements, payment obligations, and enforcement mechanisms. It's particularly important in the Pakistani context where property rights and security enforcement require robust documentation to ensure legal compliance and enforceability.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the mortgagor, mortgagee, and any guarantors with their complete details
2. Background: Context of the mortgage arrangement, including the loan facility and purpose
3. Definitions: Definitions of key terms used throughout the agreement
4. Grant of Mortgage: Core provision creating the mortgage and security interest over the property
5. Security Creation: Detailed provisions on how the security interest is created and perfected
6. Representations and Warranties: Mortgagor's declarations regarding property ownership, authority to mortgage, and absence of encumbrances
7. Payment Terms: Terms for repayment of the mortgage amount, including interest calculations
8. Covenants: Mortgagor's ongoing obligations regarding property maintenance, insurance, and compliance
9. Events of Default: Circumstances constituting default and their consequences
10. Enforcement Rights: Mortgagee's rights and remedies upon default
11. Registration and Stamp Duty: Provisions regarding document registration and payment of applicable duties
12. Governing Law and Jurisdiction: Specification of Pakistani law and relevant court jurisdiction
1. Guarantees: Required when third-party guarantors are involved in securing the mortgage
2. Insurance Requirements: Detailed section needed for high-value properties or when specific insurance requirements exist
3. Assignment and Transfer: Include when the mortgage may be assigned to other financial institutions
4. Cross-Default Provisions: Needed when multiple loan facilities exist between the parties
5. Construction Obligations: Required for mortgages involving under-construction properties
6. Environmental Compliance: Include for industrial or commercial properties with environmental risks
7. Islamic Banking Provisions: Required when the mortgage needs to comply with Islamic banking principles
1. Property Description Schedule: Detailed legal description of the mortgaged property, including boundaries and title details
2. Payment Schedule: Detailed breakdown of payment installments, dates, and interest calculations
3. Security Details: List of additional security documents, title deeds, and related documentation
4. Insurance Schedule: Details of required insurance coverage, providers, and beneficiary arrangements
5. Existing Encumbrances: List of any existing charges or encumbrances on the property
6. Form of Notices: Standard forms for various notices required under the agreement
7. Power of Attorney: Format of power of attorney for enforcement of mortgagee's rights
Relevant legal definitions
Clauses
Relevant Industries
Banking
Real Estate
Financial Services
Construction
Housing Finance
Commercial Property
Industrial Property
Islamic Banking
Microfinance
Relevant Teams
Legal
Credit Risk
Property Services
Documentation
Compliance
Banking Operations
Real Estate
Islamic Banking
Corporate Finance
Security Administration
Relevant Roles
Legal Counsel
Property Lawyer
Banking Manager
Mortgage Officer
Credit Risk Manager
Property Valuation Officer
Compliance Officer
Security Documentation Specialist
Real Estate Manager
Banking Operations Manager
Islamic Banking Specialist
Property Registration Officer
Finance Manager
Corporate Lending Officer
Find the exact document you need
Personal Loan Form
A standardized Pakistani personal loan agreement template compliant with local banking regulations and financial laws, used for documenting loans between financial institutions and individual borrowers.
Download
Loan Form
A Pakistani law-compliant loan agreement template establishing terms and conditions for lending relationships, including key financial and legal provisions.
Download
Money Loan Contract
A Pakistani law-governed agreement establishing terms and conditions for a monetary loan between lender and borrower, compliant with local banking and financial regulations.
Download
Agreement To Repay Debt
A legally binding debt repayment agreement under Pakistani law that outlines terms, conditions, and obligations between creditor and debtor.
Download
Unsecured Personal Loan Agreement
A Pakistani law-governed agreement establishing terms and conditions for an unsecured personal loan, including loan amount, repayment terms, and enforcement mechanisms.
Download
Simple Mortgage Agreement
A Pakistani law-compliant agreement creating a mortgage charge on property as loan security, without transferring possession, subject to the Transfer of Property Act 1882.
Download
Facility Agreement Loan
A Pakistani law-governed agreement establishing terms and conditions for a loan facility between lender and borrower, including facility details, security arrangements, and regulatory compliance requirements.
Download
Acknowledgement Of Debt Agreement
A legal document under Pakistani law where a debtor formally acknowledges their debt obligation to a creditor, including repayment terms and conditions.
Download
Debt Payment Agreement
A Pakistani law-governed agreement establishing debt repayment terms between creditor and debtor, including payment schedule, interest rates, and enforcement provisions.
Download
Overagreement
A Pakistani law-governed master agreement establishing framework terms for multiple underlying agreements between parties, incorporating local statutory requirements and Islamic commercial principles.
Download
Credit Terms Agreement
A Pakistani law-governed agreement establishing credit facility terms between a financial institution and borrower, including credit limits, interest rates, and repayment conditions.
Download
Subordinated Loan Agreement
A Pakistani law-governed agreement establishing terms for a subordinated loan facility, detailing debt subordination, repayment terms, and regulatory compliance requirements.
Download
Interest Loan Agreement
A Pakistani law-governed agreement establishing terms for an interest-bearing loan, including amount, interest, repayment schedule, and security arrangements.
Download
Loan Participation Agreement
A Pakistani law-governed agreement enabling banks to sell portions of loans to other financial institutions while maintaining the original lending relationship.
Download
Student Loan Agreement
A Pakistani law-governed agreement establishing terms for educational financing between a financial institution and student, incorporating both conventional and Islamic banking options.
Download
Personal Loan Receipt
A legally binding document under Pakistani law that acknowledges and records the terms of a personal loan between parties, including loan amount, repayment terms, and party details.
Download
Money Agreement Between Two Parties
A Pakistani law-governed agreement establishing terms and conditions for monetary transactions between two parties, including loan terms, repayment conditions, and enforcement mechanisms.
Download
Loan Agreement With Guarantor
A Pakistani law-governed agreement establishing a loan arrangement between lender and borrower, secured by a third-party guarantor's guarantee.
Download
Investment Loan Contract
A Pakistani law-governed agreement establishing terms and conditions for an investment loan, including loan amount, interest, security, and regulatory compliance requirements.
Download
Domestic Helper Loan Agreement
A Pakistani law-governed agreement establishing terms for an employer-provided loan to a domestic helper, including repayment terms and employment considerations.
Download
Device Loan Agreement
A Pakistani law-governed agreement establishing terms for temporary device loans between parties, including usage rights, maintenance, and return conditions.
Download
Loan Agreement Term Sheet
A preliminary document under Pakistani law that outlines the key commercial and legal terms of a proposed loan facility, serving as the foundation for detailed loan documentation.
Download
Mortgage Agreement
A Pakistani law-governed agreement creating a security interest in real property to secure a loan, detailing mortgage terms and obligations between lender and borrower.
Download
Loan Surety Agreement
A Pakistani law-governed agreement where a surety guarantees a borrower's loan obligations to a lender, establishing terms and enforcement rights.
Download
Loan Promissory Note
A legally binding promise to repay a loan under Pakistani law, documenting the terms of borrowing and repayment obligations between parties.
Download
Loan Guarantee Agreement
A Pakistani law-governed agreement where a guarantor assumes responsibility for a borrower's financial obligations to a lender.
Download
Loan Conversion Agreement
A Pakistani law-governed agreement that establishes the terms and process for converting an existing loan into equity shares or another form of debt instrument.
Download
Loan Commitment Agreement
A Pakistani law-governed agreement establishing terms for a financial institution's commitment to provide loan facilities, incorporating local banking regulations and financing requirements.
Download
Lender And Borrower Agreement
A Pakistani law-governed agreement establishing loan terms between lender and borrower, compliant with local banking regulations and financial laws.
Download
Home Loan Agreement
A Pakistani law-governed agreement establishing terms and conditions for a home loan, including loan amount, interest, repayment terms, and property security arrangements.
Download
Friends And Family Loan Agreement
A Pakistan-compliant loan agreement template for formalized lending between friends and family members, incorporating both civil law and Islamic financial principles.
Download
Finance Agreement
A Pakistani law-governed agreement establishing terms and conditions for financial facilities between lender and borrower, incorporating local banking regulations and financial requirements.
Download
Forbearance Agreement Commercial Loan
A Pakistani law agreement where a lender temporarily refrains from exercising enforcement rights against a defaulting commercial borrower, subject to specific conditions and modified loan terms.
Download
Business Loan Contract
A Pakistani law-governed agreement establishing terms for a business loan between a financial institution and a business entity.
Download
Loan Against Lease Agreement
A Pakistani law-governed agreement establishing terms for a loan facility secured against lease rights, including security creation, repayment terms, and enforcement provisions.
Download
Agreement For Mortgage Of Property
A Pakistani law-governed agreement creating a security interest in real property to secure a loan, detailing mortgage terms and obligations under local property and banking regulations.
Download
Car Loan Contract Between Friends
A legally compliant car loan agreement template for use between friends in Pakistan, combining formal loan requirements with friendly arrangement terms.
Download
Title Loan Agreement
A Pakistani law-governed agreement for a loan secured against a vehicle title, detailing lending terms and security arrangements.
Download
On Demand Loan Agreement
Pakistani law-governed agreement establishing terms for an on-demand loan facility, including loan amount, interest, security, and repayment provisions.
Download
Payday Loan Agreement
A Pakistani law-governed agreement establishing terms for a short-term loan tied to the borrower's paycheck, including loan amount, interest, and repayment terms.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)