Alberta lenders, prepare a Collateral Mortgage and Promissory Note
with this template form for Alberta.
Key provisions of the mortgage include (among others):
- 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.