Hometime

Hometime · Alberta legislation

RTA Residential Tenancies Act

RTA · Land Titles Act

112 Short form of mortgage

Current to 2025-01-31 · Official PDF

(1) When in a mortgage made under this Act the forms of
words in column 1 of Schedule 2 and distinguished by any number
in that Schedule are used, the mortgage is to be taken to have the
same effect and be construed as if the words used had been those
contained in column 2 of Schedule 2 and distinguished by the same
number.
(2) Every such expression of words is deemed a covenant by the
mortgagor with the mortgagee and the mortgagee's transferees,
binding the mortgagor and the mortgagor's heirs, executors,
administrators and transferees, but it is not necessary in any such
mortgage to insert any such number and there may be introduced
into or annexed to any of the expressions in column 1 any
expressed exceptions from it or expressed qualifications of it,
respectively, and the like exceptions or qualifications shall be taken
to be made from or in the corresponding expressions in column 2.
RSA 1980 cL-5 s113;1983 c37 s33