For Only:
Kshs 3,000
First Legal Charge where there is One Chargor - Issued in favour of a Sacco
Table of Content
- Covenant to Pay
- Interest
- Secured Obligations
- Charging Clause
- Pay all Charges and Expenses
- Covenants by the Chargor
- Events of Default
- Lender’s Remedies
- Statutory Power of Sale
- Receiver’s Commission
- Chargor not to Part with Possession
- Further Advances
- Right of Consolidation
- Application of Rent Monies
- Lender’s Right to Remove Furniture or Chattels
- Security not to Confer on Lender any Right in Equity to any Furniture or Chattels
- Application of Monies
- Indemnity
- Lender not Liable to Account as Mortgagee in Possession
- Representations and Warranties
- No Right to Further Advances
- Protection of Third Parties
- Continuing Security
- Other Security
- Exercise of Rights
- Rights Cumulative
- Right to Debit Chargor’s Account
- Consolidation
- Currency Conversion
- Further Assurance
- Power of Attorney
- Notice of any Subsequent Encumbrance
- Security Not to be Affected by Change in Constitution of the Lender
- Invalidity
- Consent of the Lender
- Certificate by Officer of the Lender Conclusive
- Joint and Several Liability
- Notices
- Discharge
- Amendments
- Advances to a Third Party
- Changes in Law
- Matters to be Noted in the Register
- No Representations
- Governing Law
- Definitions and Interpretation