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The Mortgage Agreements, Assignments & Notices Business/Services Section
Assignment of Mortgage - Absolute
 The Assignor assigns, transfers and sets over to the Assignee the Assignor's interest as mortgagee in the mortgage and also the sum of indebtedness still owing on the mortgage. |
Assignment of Mortgage as Security
| Assignment by a Mortgage Lender (Assignor) to a creditor of the mortgage lender assigning all of the mortgage lender's rights in a mortgage to the creditor as security for monies owing by the mortgage lender to the creditor. |
Assignment of Mortgage by Corporation
| Assignment of mortgage from a mortgage holder (in this case a corporation) to a purchaser of the mortgage without recourse against mortgage holder. This assignment includes no warranties made by the mortgage holder. |
Discharge of Mortgage
| Discharge to be signed by a mortgage lender once the mortgage has been repaid or satisfied. This discharge must be acknowledged by a notary. |
General Assignment of Rents - Security for Mortgage
| General Assignment of rents given by an Assignor/Mortgagor to an Assignee/Mortgagee as collateral security for a Mortgage. |
Mortgage Amending Agreement
| This agreement is between a mortgage lender and a mortgage borrower amending the terms of the original mortgage. |
Mortgage Assumption Agreement - Original Holder Liable
| Agreement among a homeowner, a mortgage lender and a purchaser of the home allowing the purchaser to assume the existing mortgage on the home. In this agreement, the original homeowner remains responsible for payments under the mortgage in the event of a default by the purchaser |
Mortgage Assumption Agreement - Original Holder Released
| Agreement among a homeowner, a mortgage lender and a purchaser of the home allowing the purchaser to assume the existing mortgage on the home. In this agreement the original homeowner is released from all further obligations under mortgage. |
Mortgage Discharge Statement
| Statement given by a mortgage holder to the mortgagor (homeowner) setting out how much must be paid to discharge the mortgage. |
Mortgage Extension Agreement
| Agreement between a Mortgage Lender (Mortgagee) and a Mortgage Borrower (Mortgagor) extending the term of the mortgage. This agreement also includes an optional provision for revised payment terms. |
Mortgage Status Statement
| Statement given by a Mortgage Holder to the Mortgagor (Homeowner) confirming the amount owing on the Mortgage. |
Notice of Assignment of Mortgage
| Notice by original mortgage lender to mortgage borrower (mortgagor) notifying the mortgagor of the assignment of the mortgage to a new mortgagee and directing future mortgage payments to be made to the new mortgagee. |
Notice of Assignment of Mortgage by Assignee
| Notice by an assigned a mortgage to the mortgage borrower (mortgagor) notifying the mortgagor of the assignment of the mortgage and directing future mortgage payments to be made to assignee. |
Notice of Attornment
| Notice by a mortgage lender (mortgagee) to a tenant on the mortgaged property notifying the tenant that the mortgage is in default and requiring future payments to be made to mortgage lender rather than the landlord. |
Notice of Payout of Mortgage
| Notice by mortgage borrower to mortgage lender notifying mortgage lender that mortgage will be paid out on a specific date and requesting a payout statement. |
Notice of Payout of Mortgage - Payment Amount Determined
| Notice by mortgage borrower to mortgage lender notifying mortgage lender that mortgage will be paid out on a specific date. This notice is to be used in those situations where the payout amount has already been determined and is known by the mortgage borrower. |
Postponement of Mortgage
| Postponement of a mortgage by one mortgage lender to a subsequent mortgage lender giving the latter priority over the former. |