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1. Parties: Identifies and defines the Assignor (current mortgage holder), Assignee (party receiving the mortgage rights), and Original Mortgagor (property owner/borrower)
2. Background: Recitals describing the original mortgage, its registration details, and the current intention to assign
3. Definitions: Defines key terms used throughout the document, including 'Mortgage', 'Property', 'Assignment Date', and 'Outstanding Balance'
4. Assignment: Core section detailing the transfer of all rights, title, and interest in the mortgage from Assignor to Assignee
5. Consideration: Specifies the payment or other consideration for the assignment
6. Assignor's Representations and Warranties: Statements regarding the Assignor's right to assign, the status of the mortgage, and outstanding balance
7. Effective Date: Specifies when the assignment takes effect
8. Further Assurances: Commitment to execute additional documents if needed to perfect the assignment
9. Governing Law: Specifies that the assignment is governed by Canadian law and the applicable province
10. Execution: Signature blocks and execution requirements for all parties
1. Mortgagor's Acknowledgment: Optional section where the original mortgagor acknowledges the assignment - used when mortgagor's consent is required or desired
2. Assumption of Obligations: Used when the Assignee explicitly assumes specific obligations of the Assignor under the mortgage
3. Partial Assignment: Required only when assigning part rather than all of the mortgage interest
4. Security Registration: Details about PPSA registration requirements - needed when the mortgage includes personal property security
5. Notice Provisions: Detailed notification requirements - included for more complex assignments or when required by the original mortgage terms
6. Costs and Expenses: Allocation of assignment-related costs - included when costs are to be shared or allocated specifically
1. Schedule A - Property Description: Legal description of the mortgaged property
2. Schedule B - Original Mortgage: Copy or summary of the original mortgage document including registration details
3. Schedule C - Outstanding Balance Statement: Current mortgage balance and payment status as of the assignment date
4. Schedule D - Consents and Approvals: Copies of any required third-party consents or regulatory approvals
5. Schedule E - Registration Particulars: Details required for land registry office registration
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