MORTGAGE



commercIal MORTGAGE

LAND TITLES ACT (ALBERTA)

|NAME AND ADDRESS OF MORTGAGOR (THE "MORTGAGOR") |

|NAME AND ADDRESS OF ANY CORPORATE GUARANTOR (THE "GUARANTOR") (if applicable) |

|MAXIMUM PRINCIPAL AMOUNT FOR WHICH GUARANTOR IS LIABLE (if applicable). (If not completed, the Guarantor shall be liable for the full amount as |

|indicated in the Guarantee provisions of the Mortgage.) |

|NAME AND ADDRESS OF MORTGAGEE (THE "MORTGAGEE") |

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|LEGAL DESCRIPTION OF LANDS (THE "LANDS") |

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|PAYMENT PROVISIONS |

|Principal Amount: |

|$ |

|Mortgage Interest Rate (delete inapplicable options): |

|if fixed rate of interest: |

|______% per annum, calculated semi-annually not in advance |

|if variable rate of interest based on the Prime Rate: |

|the Prime Rate as the same will vary from time to time, plus ______% (the "Margin") per annum, calculated monthly not in advance |

|if other (insert as applicable): |

|Interest Adjustment Date: |

|Instalment Date: |

|first day of each and every month in each and every year until the Maturity Date |

|First Instalment Date: |

|Maturity Date: |

|Instalment Amount (delete inapplicable option): |

|if fixed rate of interest or variable rate of interest with blended payments (to include principal and interest): |

|$_____________ |

|if variable rate of interest with interest only payments: |

|such amount of interest as may accrue under the Mortgage |

|STANDARD MORTGAGE TERMS |

|This Mortgage consists of the Mortgagee's set of Standard Form Mortgage Terms ("SMT") filed at the South Alberta Land Registration District as |

|Instrument number 031 040 055 and at the North Alberta Land Registration District as Instrument number 032 043 007 together with all schedules |

|thereto and is subject to the terms contained in the SMT as varied by any deletions from, or amendments or additions to the terms of the SMT as |

|set out herein. |

|DELETED, AMENDED OR ADDED TERMS |

|See Schedule "A" (if any). |

|ACKNOWLEDGEMENTS |

|The Mortgagor hereby acknowledges as follows: |

|That the Mortgagor understands the nature of the SMT referred to in clause 7 above and the statements made in the said clause; |

|That the Mortgagor has been given a copy of the SMT; |

|That the Mortgagor is the registered owner of the Mortgaged Premises; and |

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|For the better securing to the Mortgagee of the repayment in the manner set out in this Mortgage of the Principal Amount and interest and all |

|other indebtedness and obligations of the Mortgagor secured by this Mortgage, the Mortgagor hereby mortgages and charges to the Mortgagee all |

|the Mortgagor's estate and interest in the Mortgaged Premises. |

|The Guarantor hereby acknowledges that the Guarantor has been given a copy of the SMT. |

|EXECUTION BY MORTGAGOR |

|The Mortgagor has executed this Mortgage on __________________, ___________. |

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|Per: (c/s) |

|Witness |

|Per: |

|EXECUTION BY CORPORATE GUARANTOR |

|The Guarantor has executed the Guarantee contained in this Mortgage on _______________, ______. |

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|Per: (c/s) |

|Witness |

|Per: |

|AFFIDAVIT OF EXECUTION |

|I, __________________________________, of the ______________ of ____________________, in the Province of Alberta, ________________________, |

|(occupation) make oath and say: |

|THAT I was personally present and did see _____________________________ and ______________________________ named in the within instrument, who |

|are personally known to me to be the person(s) named therein, duly sign, seal and execute the same for the purposes named therein. |

|THAT the same was executed at the ________ of ________________, in the ____________ of ___________________ and that I am a subscribing witness |

|thereto. |

|THAT I know the said persons and each is in my belief of the full age of eighteen years. |

|Sworn before me at ______________________, in the Province of ________________________, this _____ day of ______________, _____. |

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|A Commissioner for Oaths in and for the Province of Alberta |

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|Signature of Witness |

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|AFFIDAVIT VERIFYING CORPORATE AUTHORITY |

|I, _________________________________, of the _____________ of _____________________, in the Province of Alberta, MAKE OATH AND SAY: |

|I am an officer or a director of _____________________ named in the within or annexed instrument (or caveat). |

|I am authorized by the corporation to execute the instrument (or caveat) without affixing a corporate seal. |

|SWORN before me at __________________, in the Province of ________________, this _____ day of ________________, _____. |

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|A Commissioner for Oaths in and for the Province of Alberta |

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|_________________________________ |

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