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The Land Mortgage Agreement is a crucial document used in the United Arab Emirates when securing financial obligations with real property as collateral. This document is essential for both commercial and residential property financing, requiring careful consideration of UAE federal laws, local emirate regulations, and potentially Sharia principles. The agreement must be registered with the relevant land department to be legally effective and enforceable. It includes detailed provisions about the mortgaged property, the secured obligations, parties' rights and obligations, enforcement mechanisms, and registration requirements. The Land Mortgage Agreement is particularly important in the UAE's dynamic real estate market, where property financing plays a vital role in both personal and commercial transactions. The document must comply with specific requirements under UAE Civil Code and local property laws, making it distinct from mortgage agreements in other jurisdictions.

1. Parties: Identification of the Mortgagor (property owner), Mortgagee (lender), and any other relevant parties with their full legal names and details as required by UAE law

2. Background: Context of the mortgage agreement, including reference to the underlying loan or facility agreement

3. Definitions: Definitions of key terms used throughout the agreement, including technical and legal terms specific to UAE property and mortgage law

4. Property Details: Comprehensive description of the mortgaged property, including its location, dimensions, and registration details as per UAE land department requirements

5. Mortgage Creation: Express creation of the mortgage, specifying the security interest being granted over the property

6. Secured Obligations: Details of the debt or obligations secured by the mortgage, including principal amount, interest, and other secured amounts

7. Registration and Perfection: Requirements and procedures for registering the mortgage with relevant authorities as per UAE law

8. Representations and Warranties: Standard and property-specific representations and warranties from the Mortgagor

9. Mortgagor's Covenants: Ongoing obligations of the Mortgagor regarding property maintenance, insurance, and compliance with laws

10. Events of Default: Circumstances constituting default and triggering enforcement rights

11. Enforcement Rights: Mortgagee's rights and remedies upon default, compliant with UAE enforcement procedures

12. Powers of Attorney: Irrevocable powers granted to the Mortgagee for mortgage enforcement

13. Costs and Expenses: Allocation of costs related to the mortgage, including registration fees and enforcement expenses

14. Notices: Process for serving notices between parties

15. Governing Law and Jurisdiction: Confirmation of UAE law governance and jurisdiction of UAE courts