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Real Estate Mortgage Agreement
"Need a Real Estate Mortgage Agreement for a commercial property in Singapore CBD, with a loan value of SGD 5 million and specific provisions for early repayment options, to be completed by March 2025."
1. Parties: Details of mortgagor and mortgagee
2. Background: Context of the mortgage agreement and property details
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of mortgaged property
5. Loan Details: Amount, interest rate, repayment terms
6. Security Creation: Legal charge creation over the property
7. Mortgagor's Covenants: Obligations of the property owner
8. Events of Default: Circumstances constituting default
9. Mortgagee's Rights and Remedies: Rights upon default including power of sale
1. Insurance Requirements: Optional section detailing property insurance obligations when specific insurance requirements are needed
2. Assignment Provisions: Optional section covering rights to assign the mortgage when assignment rights are to be included
3. Further Advance Provisions: Optional section specifying terms for additional borrowing when further advances may be contemplated
4. HDB Specific Provisions: Optional section containing special terms for HDB properties when the mortgaged property is HDB
1. Property Schedule: Detailed property description and title particulars
2. Payment Schedule: Repayment schedule and installment details
3. Insurance Schedule: Insurance requirements and specifications
4. Special Conditions: Any special terms or conditions applicable
5. Property Plans: Floor plans or property drawings if relevant
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