hypothec on real estate

chattel mortgage | movable hypothec

chattel mortgage [ personal property mortgage | mortgage of personal estate ]

hypothec upon real estate

6 (1) Whenever any principal money or interest secured by mortgage on real property is, by the mortgage, made payable on a sinking fund plan, on any plan under which the payments of principal money and interest are blended, on any plan that involves an allowance of interest on stipulated payments or on any fund or plan described in the regulations, no interest whatever shall be chargeable, payable or recoverable on any part of the principal money advanced unless the mortgage contains an express statement showing the amount of the principal money and the rate of interest chargeable on that money, calculated in accordance with the regulati ...[+++]ons.

4 (1) Except as to mortgages on real property, whenever any interest is, by the terms of any written or printed contract, whether under seal or not, made payable at a rate or percentage per day, week, month, or any rate or percentage for any period less than a year, no interest exceeding the rate or percentage prescribed by regulation shall be chargeable, payable or recoverable on any part of the principal money unless the contract contains an express statement of the yearly rate or percentage of interest to which the other rate or percentage is equivalent, calculated in accordance with the regulations.

(a) in any bonds or debentures of any municipality or public school corporation or district in Canada, or in securities of or guaranteed by the Government of Canada or of any province thereof; (b) in first mortgages on freehold property in Canada and for the purposes of the same may take mortgages or assignments thereof whether such mortgages or assignments be made directly to the Synod in its own corporate name or to some company or person in trust for it, and may sell and assign the same; and (c) in any securities in which life insurance companies are authorized from time to time by the Parliament of Canada to invest funds, subject t ...[+++]o the limitation on investments in stocks, bonds and debentures set out in the Canadian and British Insurance Companies Act, 1932.

(a) bonds or debentures of any municipality, or public school corporation, or district in Canada, in bonds, stock and debentures or other securities of Canada, or of any province thereof, or in any security the payment of which is guaranteed by Canada, or any province thereof; (b) first mortgages or freehold property in Canada, and, for the purpose of the same, may take mortgages or assignments thereof, whether such mortgages or assignmetns be made directly to the Corporation in its own corporate name or to some company or person in trust for it, and may sell and assign the same; or (c) any securities in which life insurance companies ...[+++]are authorized from time to time by the Parliament of Canada to invest funds.