Postponement of Mortgage (Canada)

Postponement of a mortgage by one mortgage lender to a subsequent mortgage lender giving the latter priority over the former.

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Postponement of a mortgage by one mortgage lender to a subsequent mortgage lender giving the latter priority over the former.

This form can be used in the following provinces: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan and Yukon.
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
 
 
Postponement of Mortgage

 

 
 
TO:   Name of Mortgage Lender Receiving Benefit of Postponement (the "Subsequent Mortgagee")
 
 
The undersigned, holder of the mortgage (the "Postponed Mortgage") from Name of Mortgage Borrower(s) (Mortgagor(s)) dated Date of Postponed Mortgage and registered on Date of Registration/Recordal of Postponed Mortgage as Number Registration Number of Postponed Mortgage, over the property described as Brief Description of Property (ie. 123 Whiteacre Road, Anyplace, Anywhere), hereby postpones the Mortgage to and in favour of the mortgage (the "Subsequent Mortgagee's Mortgage") from Name of Mortgage Borrower(s) (Mortgagor(s)) dated Date of Subsequent Mortgagee's Mortgage and registered on Date of Registration/Recordal of Subsequent Mortgagee's Mortgage as Number Registration Number of Subsequent Mortgagee's Mortgage.
 
The undersigned further acknowledges that the Subsequent Mortgagee's Mortgage shall have priority over the Postponed Mortgage to the same extent the Subsequent Mortgagee's Mortgage would have enjoyed had it been registered or recorded prior to the Postponed Mortgage.
 
This Postponement shall enure to the benefit of the Subsequent Mortgagee and its successors and assigns.
 
 
Dated:                   
 
 
 
 
 
 
Witness
 
Name of Holder of Mortgage being Postponed
 
Number of Pages3
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#28716
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
 
 
Postponement of Mortgage

 

 
 
TO:   Name of Mortgage Lender Receiving Benefit of Postponement (the "Subsequent Mortgagee")
 
 
The undersigned, holder of the mortgage (the "Postponed Mortgage") from Name of Mortgage Borrower(s) (Mortgagor(s)) dated Date of Postponed Mortgage and registered on Date of Registration/Recordal of Postponed Mortgage as Number Registration Number of Postponed Mortgage, over the property described as Brief Description of Property (ie. 123 Whiteacre Road, Anyplace, Anywhere), hereby postpones the Mortgage to and in favour of the mortgage (the "Subsequent Mortgagee's Mortgage") from Name of Mortgage Borrower(s) (Mortgagor(s)) dated Date of Subsequent Mortgagee's Mortgage and registered on Date of Registration/Recordal of Subsequent Mortgagee's Mortgage as Number Registration Number of Subsequent Mortgagee's Mortgage.
 
The undersigned further acknowledges that the Subsequent Mortgagee's Mortgage shall have priority over the Postponed Mortgage to the same extent the Subsequent Mortgagee's Mortgage would have enjoyed had it been registered or recorded prior to the Postponed Mortgage.
 
This Postponement shall enure to the benefit of the Subsequent Mortgagee and its successors and assigns.
 
 
Dated:                   
 
 
 
 
 
 
Witness
 
Name of Holder of Mortgage being Postponed
 

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