Alberta Standard Charge Fixed Rate Mortgage

Prepare a Standard Charge Fixed Rate Closed Term Mortgage with this template form for Alberta properties.

• Renewal. Early renewal privileges, i.e. the mortgage may be renewed on any installment payment date.
• Interest. Interest will be calculated half-yearly, not in advance.
• Property Taxes. The mortgage lender may elect to pay the property taxes when they come due, or elect to have the borrower (mortgagor) pay the taxes.
• Application of Payments. All payments will be applied first to taxes and life insurance (if applicable), then to interest, then to principal, and then to any other moneys owing.
• Leasehold. Optional provisions for a leasehold mortgage.

This Alberta Standard Charge Fixed Rate Mortgage template is available in MS Word format, and is completely customizable to fit your business needs.