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["FORM 2ROT – REPORT ON TITLE (ADDENDUM)"]
[]
[{"$f":"UPPER(\"Mortgaged Property / Charged Property Address\")","v":"MORTGAGED PROPERTY / CHARGED PROPERTY ADDRESS"}]
[]
["Building / Block No",null,null,null,null,"Storey No #"]
["Unit No",null,null,null,null,"Postal Code"]
["Building Name/Lot MK no."]
["Street Name"]
[]
[null,"Borrower(s)",null,null,null,null,null,null,null,"Legal ID"]
[1]
[2]
[3]
[4]
[5]
[]
[null,"Mortgagor(s) / Chargor(s)",null,null,null,null,null,null,null,"Legal ID"]
[1]
[2]
[3]
[4]
[5]
[]
[null,"Guarantor(s)",null,null,null,null,null,null,null,"Legal ID"]
[1]
[2]
[3]
[4]
[5]
[]
["This portion is to be completed where the solicitor is acting for the Corporation."]
["SEARCHES ON THE RELEVANT PARTY"]
["(“Relevant Party” as defined in Annex B - Instructions on Legal Requisitions and Searches)"]
["Corporation Name:"]
["Accounting Corporate and Regulatory Authority (“ACRA”) Search (copy to be enclosed)"]
["1)","Does the ACRA search disclose any charge or debenture against the corporation?"]
[null,null,null,"If yes, please provide details (including relevant copies) of the charge or debenture or any other encumbrances against the corporation immediately."]
[]
["2)","Has the Relevant Party given any negative pledge prohibiting the creation of the security in the Bank’s favour? "]
[]
[null,null,null,"If yes, please annex a copy of the consent from the existing mortgagee/ chargee to the Bank’s mortgage."]
["3)","Is there any infringement of any of the provisions of the Companies Act, including, but not limited to, Sections 162 or 163 thereof? "]
[null,null,null,"If yes, please provide details including advice thereof immediately so as to protect the Bank's interest."]
[]
["4)","Board Resolution"]
["a)","The transaction is authorised by the board of directors."]
[null,null,null,"If not in order, please advise the Bank and let us have the requisite authorization immediately."]
[null,null,null,"See Remarks:"]
["b)","The Board Resolution authorizes affixing of the Corporation’s common seal. "]
[null,null,null,"If not in order, please advise the Bank and let us have the requisite authorization immediately."]
[null,null,null,"See Remarks:"]
["c)","The Board Resolution confirms the existence of commercial benefit.*"]
[]
["5)","Shareholders Resolution"]
["a)","The transaction is authorised by the shareholders of the corporation."]
[null,null,null,"If not in order, please advise the Bank and let us have the requisite authorization immediately."]
[null,null,null,"See Remarks:"]
[]
["b)","The shareholders resolution confirms the existence of commercial benefit.* "]
[null,"*(where the corporation's assets are used as security for the benefit of another party / corporation’s facilities are used for the benefit of another party) "]
[]
["6)","The Relevant Party has the capacity to accept the facilities granted by the Bank and to execute the security and other document(s)."]
[null,null,null,"If not in order, please advise the Bank on the action taken/ to be taken immediately so as to protect the Bank’s interest"]
[null,null,null,"See Remarks:"]
[]
["7)","Where the Relevant Party is a foreign corporation, a legal opinion from a foreign counsel has been obtained on, inter alia, the legality, validity and enforceability of the security document executed or to be executed by the Relevant Party."]
[null,null,null,"If not in order, please advise the Bank on the action taken/ to be taken immediately so as to protect the Bank’s interest.  \n"]
[null,null,null,"See Remarks:"]
[null,"(Please annex copy of legal opinion)."]
[]
["8)","If the Mortgagor(s) / Chargor(s) is a company within Section 23(2) of the Companies Act:"]
["a)","Is the Mortgagor / Chargor prohibited from acquiring the Mortgaged / Charged Property;\n      "]
[null,null,null,"If yes, please provide details including advice thereof immediately so as to protect the Bank’s interest"]
[null,null,null,"See Remarks:"]
["b)","Are there any unfavourable conditions in the licence given to the Mortgagor(s) / Chargor(s) to acquire the Mortgaged Property / Charged Property?"]
[null,null,null,"If yes, please provide details including advice thereof immediately so as to protect the Bank’s interest"]
[null,null,null,"See Remarks:"]
[null,"(Please annex a copy of the said licence)"]
[]
["We hereby confirm that the Bank can therefore accept the abovementioned Mortgaged Property / Charged Property as good, valid, legally binding and fully enforceable security."]
[]
[]
["Yours faithfully"]
[]
[]
[]
["Solicitor in charge:"]
["Name of Law Firm:"]
[]
[{"$f":"IF(G9<>0,C8 &\" \"&C11&\" \"&\"#\"&G8&\"-\"&C9&\" \"&\"Singapore\"&\" \"&G9,\"\")","v":""}]