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1. Parties: Identification of the mortgagor (borrower) and mortgagee (lender), including their complete legal names, addresses, and any registration/identification numbers
2. Background: Recitals detailing the original mortgage agreement, its date, registration details, and the reasons for modification
3. Definitions: Definitions of key terms used in the agreement, including references to terms from the original mortgage agreement
4. Reference to Original Mortgage: Specific details of the original mortgage including date, registration number, property description, and original terms
5. Modifications: Detailed description of all modifications being made to the original mortgage terms, clearly stating both the original and new terms
6. Effective Date: The date when the modifications will take effect
7. Continuing Effect: Confirmation that all other terms of the original mortgage remain in full force and effect
8. Representations and Warranties: Statements by both parties confirming their authority to enter into the modification and the continued validity of original representations
9. Registration and Stamp Duty: Provisions regarding registration requirements and responsibility for stamp duty payments
10. Governing Law: Confirmation that the agreement is governed by Pakistani law and specific provincial jurisdictions
11. Execution: Signature blocks for all parties and witnesses as required under Pakistani law
1. Islamic Banking Compliance: Required only for Islamic mortgages, confirming compliance with Shariah principles and relevant Islamic banking regulations
2. Consent of Guarantors: Required when the original mortgage includes guarantors who need to consent to the modifications
3. Insurance Provisions: Required when modifications affect insurance requirements or property coverage
4. Security Confirmation: Required when modifications affect any additional security or collateral arrangements
5. Tax Implications: Required when modifications have significant tax implications that need to be addressed
6. Default Remedies Modification: Required when changes are being made to default or enforcement provisions
1. Schedule 1 - Modified Payment Terms: Detailed breakdown of modified payment schedule, interest rates, and payment amounts
2. Schedule 2 - Property Description: Complete legal description of the mortgaged property including title details and registration numbers
3. Schedule 3 - Original Mortgage Agreement: Copy or extract of the original mortgage agreement being modified
4. Appendix A - Modification Summary: Summary table showing side-by-side comparison of original and modified terms
5. Appendix B - Required Notices: Copies of any required notices or consents from regulatory authorities or other parties
6. Appendix C - Payment History: Statement of payment history and current outstanding balance as of modification date
Banking & Finance
Real Estate
Legal Services
Islamic Banking
Property Development
Housing Finance
Construction
Property Management
Financial Services
Mortgage Lending
Legal
Compliance
Credit Risk
Mortgage Operations
Real Estate
Islamic Banking
Property Services
Documentation
Customer Relations
Financial Operations
Mortgage Officer
Bank Manager
Legal Counsel
Property Lawyer
Compliance Officer
Risk Manager
Credit Analysis Manager
Islamic Banking Specialist
Real Estate Manager
Property Valuation Expert
Banking Operations Manager
Loan Officer
Document Controller
Registration Officer
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