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A loan and mortgage pledge agreement is a contract between the lender and borrower that details the terms of an individual's loan. The borrower agrees to pay back the loan, often with interest, in monthly installments over a set time. The borrower undertakes and binds itself to settle/pay the Loan to the lender in accordance with the payment schedule the borrower provides securities such as mortgage, pledge of asset and insurance.
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This document contains the following sections : 1. Loan 2. Usage of the loan 3. Payment Schedule 4. Full Payment of the Loan 5. Securities 6. Prohibition 7. Nature of the securities 8. Representation 9. Duration of the agreement 10. Event of default 11. Remedies 12. Assignment 13. No third-party beneficiary 14. Waiver 15. Severability 16. Entire agreement 17. Variation 18. Language 19. Governing Law and Jurisdiction |
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Jurisdiction |
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This agreement is intended for use in the United Arab Emirates. |
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Before Execution |
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- The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only. - Please delete this front page together with the information contained in the headers, footers and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature. - Please remove the square brackets and all highlighting prior to signature. |
Disclaimer
This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.
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