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The Hold Harmless Agreement Mortgage is a crucial document in Canadian real estate and mortgage transactions where one party needs protection from potential legal claims or liabilities arising from the mortgaged property or related transactions. This document is particularly relevant when there are multiple stakeholders involved in a mortgage arrangement, such as co-signers, guarantors, or property management companies. It's commonly used in situations involving property transfers, mortgage refinancing, or when special arrangements between mortgage parties need to be documented. The agreement must comply with both federal Canadian banking regulations and provincial property laws, making it essential to adapt the document to the specific province where the property is located. It typically includes detailed provisions about the scope of indemnification, specific protected events, and the obligations of each party under Canadian law.

1. Parties: Identification of all parties to the agreement, including the indemnitor (party providing the hold harmless guarantee) and indemnitee (protected party), and their legal capacities

2. Background: Context of the agreement, including reference to the underlying mortgage agreement, property details, and reason for the hold harmless arrangement

3. Definitions: Definitions of key terms used throughout the agreement, including 'Mortgage,' 'Property,' 'Losses,' 'Claims,' and other relevant terms

4. Scope of Agreement: Clear delineation of what activities, transactions, or circumstances are covered by the hold harmless provision

5. Indemnification Provisions: Detailed description of the hold harmless obligations, including what types of claims, damages, or losses are covered

6. Duration: Term of the hold harmless agreement and whether it survives the underlying mortgage

7. Representations and Warranties: Statements of fact and guarantees made by the parties regarding their capacity and authority

8. Notice Requirements: Procedures for notifying parties of claims or potential claims covered by the agreement

9. Governing Law: Specification of applicable Canadian law and jurisdiction

10. Execution: Signature blocks and execution requirements