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The Contract of Real Estate Mortgage is a crucial document in Hong Kong's property financing landscape, used when a property owner (mortgagor) pledges their real estate as security for a loan from a financial institution (mortgagee). This document is essential for both residential and commercial property transactions in Hong Kong, complying with local property laws including the Conveyancing and Property Ordinance (Cap. 219) and the Land Registration Ordinance (Cap. 128). The contract details the security arrangement, specifies the secured obligations, outlines the parties' rights and responsibilities, and includes enforcement provisions. It must be properly executed and registered with the Hong Kong Land Registry to create valid security. The document is typically prepared by legal professionals and requires careful consideration of Hong Kong's property regulations, banking requirements, and security enforcement mechanisms.

1. Parties: Identification of the mortgagor (property owner) and mortgagee (lender), including full legal names, addresses, and registration numbers for corporate entities

2. Background: Context of the mortgage agreement, including reference to the underlying loan agreement and property purchase if applicable

3. Definitions: Definitions of key terms used throughout the document, including 'Property', 'Mortgage', 'Secured Obligations', and 'Events of Default'

4. Property Details: Full legal description of the mortgaged property, including lot number, address, and registration particulars

5. Creation of Security: Legal provisions creating the mortgage and charging the property as security

6. Secured Obligations: Definition and scope of the obligations secured by the mortgage, including principal, interest, and other secured amounts

7. Representations and Warranties: Mortgagor's declarations regarding property ownership, authority to mortgage, and absence of encumbrances

8. Covenants: Mortgagor's obligations including property maintenance, insurance, payment of rates and taxes, and restrictions on dealing with the property

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

10. Enforcement Rights: Mortgagee's rights and remedies upon default, including power of sale and appointment of receiver

11. Costs and Expenses: Allocation of costs related to preparation, execution, and enforcement of the mortgage

12. Notices: Requirements for giving valid notices under the mortgage

13. Assignment and Transfer: Provisions regarding the mortgagee's right to assign or transfer the mortgage

14. Governing Law and Jurisdiction: Specification of Hong Kong law as governing law and submission to Hong Kong courts