AboutPeter M. Elliott Expertise First response to queries regarding extensions of time, variations orders, site instructions and payment using FIDIC and other forms of Conditions of Contract, based on English Law, and derivatives only.
Experience Value . . .
It's unwise to pay too much, but it's unwise to pay too little. When you pay too much you lose a little money, that is all. When you pay too little, you sometimes lose everything, because the thing you bought was incapable of doing the thing you bought it to do.
The common law of business balance prohibits paying a little and getting a lot. It can't be done. If you deal with the lowest bidder, it's well to add something for the risk you run.
And if you do that, you will have enough to pay for something better.
. . . John Ruskin (1819 - 1900)
"We are too poor to buy something cheap"
.Romanian Proverb 2002
A lean compromise is better than a fat lawsuit.
George Herbert (English poet 1593-1633)
I said it in Hebrew, I said it in Dutch,
I said it in German and Greek:
But I wholly forgot (and it vexes me much)
That English is what you speak!" Hunting of the Snark - Lewis Caroll
Match your presentation to the reader!
The joy of food lasts but an hour, of sleep but a day, of a woman, but a month, but the joy of a building lasts a lifetime. Syrian proverb.
Comments and observations leading to improvements in the translation of FIDIC Red & Yellow books into Romanian prior to approval by FIDIC (reference 'Preface to the Romanian edition')
I URGENTLY require to obtain a Sample or Precedent of a Deed of BLANKET MORTGAGE. The preferred Sample/Precedent should contain comprehensive provisions for securing individual plots of land under a Blanket Mortgage and for a "partial release" clause so that individual parcels can be released from the blanket mortgage as they are sold.
The Block of land I am dealing with was originally a single chunk of land but has now been sub-divided into numerous plots of land.
Please advise where I can source such a Sample or Precedent of a Deed of BLANKET MORTGAGE.
Regards
ROBERT SSAWA
Answer Hi Robert,
I assume that you are not going to write the mortgage yourself and that you will employ a professional for such an important document.
There are lots of lenders with web sites who provide blanket mortgages. I suggest you do a web search using the keywords 'blanket mortgage' and 'template'. You should be able to find a provider close to your location. I suggest that you contact two or three and then study their standard documentation to find one which suits your particular situation.
No apologies for the cop out as this is well outside my field of experience. This is a specialist field and thus best left to those with experience.
