Acknowledgement of Financial Commitments

• The mortgage declaration includes a clause stating the signor's acknowledgment of new or additional financial commitments as a result of obtaining the mortgage. This clause includes a statement clarifying the risk of losing the home due to failure to make mortgage payments.
  
  

Transferability

• A declaration of mortgage usually contains a clause specifying the signor's ability to transfer or assign interests he may have in the mortgage.
  
  

Higher Lending Charge

• Some lenders require the mortgage declaration to acknowledge a possible higher lending charge under certain conditions. This higher charge is applied to loans exceeding a certain percentage of loan to value.