Alberta Collateral Mortgage and Promissory Note

Alberta lenders, prepare a Collateral Mortgage and Promissory Note with this template form for Alberta.

Key provisions of the mortgage include:

• default and acceleration clauses,
• grant of power of attorney following default by the mortgagor,
• the mortgagee's right to seize the property if the mortgagor defaults,
• appointment of receiver ⁄ receiver-manager,
• assignment of rents.

This Alberta Collateral Mortgage and Promissory Note is available in MS Word format, and is fully editable.