Use this template to prepare a Trust Deed and Mortgage for Canada, which provides for the creation of a number of mortgages on a condominium property yet to be developed. The mortgages form the basis of a syndicated mortgage investment to be offered to the public. Provisions of the deed include:

• Investors can purchase an interest in the mortgages and will be paid a guaranteed rate of interest on their investment.
  
• The Trustee appointed under the trust deed will hold title to the land as trustee on behalf of all of the mortgagees.
  
• The mortgages created by the deed are all first mortgages, ranking equally with one another.
  
• The mortgagor can prepay the mortgage at any time upon payment of a bonus equal to 12 months interest.

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