Swiss Civil Code

¹ A mort­gage right se­cures the cred­it­or:

1.

for the prin­cip­al;

2.

for the costs of debt en­force­ment and de­fault in­terest;

3.⁶⁷¹

for three years’ ac­crued an­nu­al in­terest due on the date of the ap­plic­a­tion for fore­clos­ure or the debt­or is de­clared bank­rupt, plus the in­terest due since the last ma­tur­ity date; in the case of a mort­gage cer­ti­fic­ate only the in­terest ac­tu­ally due is se­cured by the mort­gage.

² The in­terest rate ori­gin­ally agreed must not ex­ceed five per cent to the det­ri­ment of sub­or­din­ate mort­gage cred­it­ors.