Ace the Humber/Ontario Real Estate Course 4 Exam 2025 – Unlock Your Property Potential!

The correct answer signifies that when a mortgage is registered without additional covenants, all amounts owed under the mortgage become due upon default. This means that if the mortgagor (the borrower) fails to meet their repayment obligations, the entire balance of the mortgage can be demanded by the mortgagee (the lender). This is typically included in the standard terms of a mortgage, and lacking additional covenants does not alter this fundamental aspect of the agreement.

While the other options pertain to responsibilities and rights in the context of a mortgage, they do not specifically address the implications of having a mortgage registered without added covenants. For instance, the condition about maintaining the property in good repair pertains more to responsibilities often found in covenants, while the requirement for notice before foreclosure is not a direct function of the covenants attached to the mortgage. Understanding this distinction is crucial in interpreting the implications of a mortgage agreement.