Hi folks-just some info-recently changed mortgage protection policies and the bank sent me the new deed of assignment. I note the new clause which is copied below...just some extra security for the bank...not to my liking but not much I can do expect keep all other assets in a different institution(s).
Excerpt from new deed of assignment [FONT="][/FONT]The Bank shall as an additional security for the moneys hereby secured have a lien and charge on all stocks shares securities and other property of the Mortgagor which or the certificates script or other documents of title whereof now are or shall hereafter be deposited with or held by the Bank whether for safe custody or for any other special purpose or otherwise and on all moneys now or hereafter standing to the credit of the Mortgagor with the Bank whether on any current or other account.
Excerpt from new deed of assignment [FONT="][/FONT]The Bank shall as an additional security for the moneys hereby secured have a lien and charge on all stocks shares securities and other property of the Mortgagor which or the certificates script or other documents of title whereof now are or shall hereafter be deposited with or held by the Bank whether for safe custody or for any other special purpose or otherwise and on all moneys now or hereafter standing to the credit of the Mortgagor with the Bank whether on any current or other account.