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The Mortgage Agreement (Hypothekardarlehensvertrag) is a crucial document in Austrian property financing, used when a lender provides funding secured against real estate. This document is essential for both residential and commercial property transactions in Austria, establishing the legal framework for the loan and the security interest in the property. It must comply with Austrian banking regulations, consumer protection laws, and property laws, particularly the ABGB and Land Registry Act. The agreement typically includes detailed provisions about the loan amount, interest rates, repayment terms, property details, and enforcement rights. It requires careful preparation to ensure enforceability and proper registration in the Austrian Land Registry (Grundbuch), often involving notarization and specific formal requirements under Austrian law.

1. Parties: Identification of the lender (typically a bank or financial institution) and the borrower(s), including full legal names, addresses, and registration details if applicable

2. Background: Context of the agreement, including the borrower's request for the loan and the lender's agreement to provide it

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Details: Detailed description of the mortgaged property, including land registry details and cadastral number

5. Loan Amount and Purpose: Specification of the loan amount, currency, and permitted use of the funds

6. Interest Rate and Calculations: Interest rate provisions, calculation method, and circumstances for rate changes

7. Repayment Terms: Payment schedule, installment amounts, and repayment method

8. Security Creation: Legal provisions creating the mortgage security over the property

9. Borrower's Representations: Borrower's warranties regarding property ownership, authority to enter agreement, etc.

10. Borrower's Obligations: Ongoing obligations including property maintenance, insurance, and payment of taxes

11. Events of Default: Circumstances constituting default and consequences thereof

12. Lender's Rights and Remedies: Rights of the lender in case of default, including enforcement procedures

13. Costs and Expenses: Allocation of costs related to the mortgage creation and maintenance

14. Notices: Communication requirements and contact details

15. Governing Law and Jurisdiction: Confirmation of Austrian law governance and jurisdiction for disputes