The Promissory Note Secured By A Mortgage is a sophisticated financial instrument used in Australian lending transactions where a borrower requires financing and can offer real property as security. This document type is commonly used in both commercial and residential lending scenarios, providing lenders with both a clear acknowledgment of debt and a security interest in real property. It includes essential elements required by Australian law for both promissory notes and mortgages, including the unconditional promise to pay, specific payment terms, property description, and security enforcement provisions. The document must comply with various Australian federal and state legislation, including the Bills of Exchange Act 1909, relevant state Property Law Acts, and where applicable, the National Credit Code. It's particularly useful in private lending arrangements, property development financing, and situations where traditional bank loans may not be suitable.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identifies the Maker (borrower/mortgagor) and the Payee (lender/mortgagee) with full legal names and addresses
2. Background: States the context of the loan and security arrangement, including reference to any related agreements
3. Definitions: Defines key terms used throughout the document
4. Promise to Pay: Contains the unconditional promise to pay a specific sum, with interest rate and payment schedule
5. Security Interest: Describes the mortgage security, property details, and confirmation that the security interest is granted
6. Interest Calculation: Details how interest is calculated, compounded, and applied
7. Payment Terms: Specifies payment dates, methods, and amounts
8. Default Provisions: Defines events of default and consequences
9. Enforcement Rights: Outlines the rights of the payee to enforce the security upon default
10. Representations and Warranties: Standard declarations about legal capacity, title to property, and authority
11. Execution: Signature blocks and attestation requirements
1. Prepayment Provisions: Include when early repayment is permitted, specifying any penalties or conditions
2. Late Payment Charges: Include when additional fees for late payments will be imposed
3. Assignment and Transfer: Include when the note may be transferred or assigned to other parties
4. Insurance Requirements: Include when specific insurance must be maintained on the secured property
5. Cross-Default Provisions: Include when default under other specified agreements will trigger default under this note
6. Guarantor Provisions: Include when a guarantor is providing additional security for the loan
7. Variable Interest Rate Provisions: Include when interest rate is not fixed and can vary according to specified parameters
1. Property Description Schedule: Detailed legal description of the mortgaged property
2. Payment Schedule: Amortization table showing payment dates, amounts, and principal/interest breakdown
3. Variable Rate Calculation Schedule: If applicable, details of how variable rates are calculated and adjusted
4. Insurance Requirements Schedule: Detailed requirements for property and other required insurance
5. Permitted Encumbrances: List of existing encumbrances or liens permitted on the property
6. Form of Transfer/Assignment: Standard form for documenting any transfer or assignment of the note
Find the exact document you need
Promissory Note For Real Estate Purchase
An Australian-compliant financial instrument documenting a buyer's promise to pay for real estate purchase, including payment terms and security interests.
Download
Promissory Note For Vehicle Purchase
An Australian-compliant promissory note documenting a buyer's legally binding promise to pay for a vehicle purchase, including payment terms and vehicle details.
Download
Promissory Note
An Australian-compliant financial instrument containing a written promise to pay a specified sum of money under defined terms and conditions.
Download
Promissory Note For Remaining Balance
An Australian law-compliant financial instrument documenting a promise to pay a remaining balance after initial payment, including specific repayment terms and conditions.
Download
Hospital Promissory Note
An Australian-compliant promissory note documenting a patient's commitment to pay for hospital services received, incorporating healthcare regulations and payment terms.
Download
Form Of Secured Promissory Note
An Australian law-governed financial instrument combining a promise to pay with security interests, documenting a secured debt obligation between lender and borrower.
Download
Promissory Note For Rent Owed
An Australian legal document establishing a tenant's binding promise to pay outstanding rent arrears, governed by federal and state legislation.
Download
Note Payable Form
An Australian-compliant legal document evidencing a promise to pay a specific sum of money, detailing payment terms and conditions between a borrower and lender.
Download
Guarantor Promissory Note
An Australian law-governed document combining a promissory note with a guarantee agreement, where a guarantor backs the maker's promise to pay a specified sum to the payee.
Download
Promissory Note For Services Rendered
An Australian legal document combining a promissory note with acknowledgment of services rendered, providing a binding payment promise governed by federal and state laws.
Download
Mortgage Note Form
An Australian legal document that establishes the terms and conditions of a property-secured loan between a lender and borrower, compliant with federal and state mortgage regulations.
Download
Unconditional Promissory Note
An Australian law-governed financial instrument containing an unconditional written promise to pay a specific sum of money, regulated under the Bills of Exchange Act 1909.
Download
Cash Promissory Note
An Australian-compliant financial instrument containing a written promise to pay a specific sum of money, governed by the Bills of Exchange Act 1909.
Download
Bill Of Sale With Promissory Note For Automobile
An Australian legal document combining vehicle sale documentation with a promissory note for installment payments, conforming to Australian federal and state vehicle transfer regulations.
Download
Installment Promissory Note
An Australian law-governed document establishing a formal promise to repay a specified sum through scheduled installment payments, including interest terms and security provisions.
Download
International Promissory Note
An Australian law-governed formal promise to pay a specified sum in an international context, compliant with the Bills of Exchange Act 1909.
Download
Simple Promissory Note For Personal Loan
An Australian-compliant promissory note documenting terms and conditions for a personal loan agreement between a lender and borrower.
Download
Loan Note
An Australian law-governed financial instrument documenting terms of a loan between an issuer and noteholder, including principal, interest, and repayment conditions.
Download
Unsecured Promissory Note
An Australian law-governed financial instrument documenting an unsecured promise to pay a specified sum of money, with defined repayment terms and conditions.
Download
Standard Promissory Note
An Australian-compliant financial instrument documenting a formal promise to pay a specified sum of money under defined terms and conditions.
Download
Promissory Note With Notary
An Australian legal document containing a notarized promise to pay a specified sum of money, governed by federal and state legislation including the Bills of Exchange Act.
Download
Promissory Note For Delayed Payment
An Australian-compliant financial instrument documenting a promise to pay a specified sum at a future date, governed by federal and state legislation.
Download
Promissory Letter For Hospital Bill
An Australian-compliant legal document where a patient or guarantor formally commits to paying outstanding hospital bills according to specified terms and conditions.
Download
Negotiable Promissory Note
An Australian-compliant financial instrument containing a written promise to pay a specified sum, governed by the Bills of Exchange Act 1909 (Cth).
Download
Hospital Bill Promissory Note
An Australian-compliant promissory note documenting a patient's legally binding commitment to pay outstanding hospital bills according to agreed terms.
Download
Financial Promissory Note
An Australian law-governed financial instrument documenting a formal promise to pay a specified sum of money, including payment terms and conditions.
Download
Convertible Promissory Note
An Australian law-governed debt instrument that converts to equity shares under specified conditions, commonly used for startup bridge financing.
Download
Balloon Promissory Note
An Australian-compliant financial instrument documenting a debt obligation with regular payments and a large final balloon payment, including all terms and conditions of the lending arrangement.
Download
Shareholder Promissory Note
An Australian law-governed promissory note documenting a company's promise to pay a specified sum to a shareholder, including payment terms and security arrangements.
Download
Promissory Note With Personal Guarantee
An Australian-law governed financial instrument combining a promise to pay a specified sum with a personal guarantee, establishing primary and secondary payment obligations.
Download
Promissory Note Secured By A Mortgage
An Australian legal document combining a promissory note with a mortgage security interest, establishing both a promise to pay and a property security arrangement under Australian federal and state laws.
Download
Promissory Note Repayment Schedule
An Australian legal document that outlines the structured repayment terms of a debt, including payment schedules, amounts, and interest calculations.
Download
Promissory Note Letter
An Australian law-governed financial instrument documenting a written promise to pay a specific sum of money, including payment terms and conditions.
Download
Payable On Demand Promissory Note
An Australian law-governed financial instrument containing an unconditional promise to pay a specified sum on demand to the payee.
Download
Full Recourse Promissory Note
An Australian law-governed financial instrument containing an unconditional promise to pay a specified sum, with full recourse rights against the maker's assets.
Download
Personal Guarantee On Promissory Note
An Australian law-governed personal guarantee agreement securing a promissory note, establishing the guarantor's commitment to fulfill the debtor's obligations upon default.
Download
Promissory Note For Business Purchase
An Australian legal document establishing a promise to pay a specified sum for a business purchase, governed by federal and state laws.
Download
30 Day Promissory Note
An Australian-compliant financial instrument documenting a promise to pay a specified sum within 30 days, governed by federal legislation.
Download
Interest Only Promissory Note With Balloon Payment
An Australian-governed promissory note featuring interest-only payments with a final balloon payment, incorporating required consumer protection elements and payment terms.
Download
Business Promissory Note
An Australian-law governed financial instrument documenting a business's written promise to pay a specified sum under defined terms and conditions.
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)