e. pay on time all fees, charges, charges, duties, rates, taxes, fines, penalties and other expenses payable in respect of the vessel and present all relevant receipts where required of mortgage borrowers; When drafting the credit agreement, you need to decide how the credit should be repaid. These include the date of repayment of the loan, as well as the method of payment. You can choose between monthly payments or a package. (3) The debtor also concludes with the hypothecs that the hypothec is paid by the currency of this guarantee and until the payment of all the funds so secured and by the legal hypothec. This puts the lender at risk and many have often suffered the inconveniences. This underscores the importance of having a credit agreement handy and being included in the credit process.. . . .
Mortgage Agreement Sample India
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