HomeMy WebLinkAbout1088•: : •.~:.•.-s.~•~•.-.-.e.•.•.~.•.•.-:.•.•.•.•. ,•.•.•.-.•: .•. :•.-.•.•.•.•.•.•.•. . :•:. .•: : : .•.. :•: .•,•.•.•.•:: : .•.•.•.•.•.•.~.•.•.•.•.-.•. :•: ; ,•.~,•,•,•,•,•,•,•
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'r OR VALUE RECEIVED, th~ undersi~ned,~~ptlyZ#r~1Us~~q-Ely_ PROMISE TO PAY to th~ ~et~~r of _ _ ~ = _ _ _ = _ ' ~ = -" - - ~
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--GURTEEN THOUS~R. AND_ 10/1DQ------.-.-.---.------------------ ----- ~ ,
- - OOILARS, ~
,~ 515 Old Fop_lar RQw,. :Iississauga. Ontario, CaRada or such othe~ place as the holde~ ;
~~~~of may deiignsN in wri~i~y together with inferost from . _ ~
.~t rl» rat~ of .___Ll7o._ _._ per centum per annum on the unpaid balance until maturitr, The said principal and interest shall '
oe due and p~yable as foliows: ;
Payable in 24 equal monthly payments~at $657.14 including interest.
'I'+: is \at~ r:av be nr~~naid ~t suc11 tic!mes and in such amounts as the
tr.,:I;er desires t~ithout nenalty.
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M d~fa~h b~ .w.d~ fe- 1~ dar~ in Ih~ paym~nl of any inttdlw~enl oi principal o~ int~r~s1 ot •n~ P~r1 th~~~ei. rM w{wt~ suw~ fh~n remaining ~~
~p~ !~+~tA in~ereN ~ull N hold~r's opfion becom~ d~~ and Payabl~ wi~hevt wotic~. Faifur~ to •aercit~ ~utA option sh~ll not consli~ul~ aiv~~ ef Ih~ ~~
-~ h uvaa 11» saww in the er~w~ o/ wbs~qwnt defaul~. AR~r rN~turiry bo11~ principd and scuwd inMr~tt shd) b~~- iwh~~s1 s~ 1~~ per C~AWT ~~
~~wn~m ~..~~1 Pa~d. lA~ rnalr~s and sndo~sm of lhis nof~ iurtM~ wai~~ J~m,ed, no~ic• o( nonp~y~w~nl •nd probs~. If ~hia eo~~ i• no~ paid at ~~
...:~y •nd -6• saen~ is ptac~d wi•A ~w atfo~nar lor eo:lec~:on, Ih~ ma4~.• an~ ~ndo.urs 6e.eo/ ~O-q to pay all eo~1a 1i e~lle~tion, includin~ ~tl eourt `
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'~ `'; ,~ c~.~I.~F~i KEY REALTY LTD . ~~
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ar.:1. s.^..ili : t:~. ; l^.Rl^•.ij n:.d fully ~~r~tc~r:^. ~i:v~har~;e. ~~x~•~ ~~rr~ . r;.•.~• ,~+n.~:,~tr. ,•~m~plp v~~t1~ and ab•Ae ey each
s.:1 e~• r. :r.r ti:., :..a'.•~r..:. n};recmrnis rc~n,i:te~~~~i ai. 1~~n~~:cin~-. .: ~..~.~! : r .. ..~•~r} r.~~tr end ~~f Lht9 m~,rt~;-sge,
... :h~3 m: r~Ka~;e ar.~~ the i~sta!e hPretry ~•rea+.~~d o-h.ill ~ i-a«• .ui 1 t~r nui: an t-. .., !
It :- ~.^der~'.~z3 tha[ each of ihe «'nr:ls. "note." ~r.art~;:~~;~:r" xnd ' rt~nrt;;;ty;c•e° rrs~~cin•ely and the pron-
+:-:r.~ r~rerr:ng ti~e:e;o. ~hether in thr sinqular or rlur: 1 xn~~uh~rF~ ~n thts :n~~r.j(:f~P, 9hHII DP s~r~,-ular if une unly
ar..l s:;.iI! Ge plura; ;~.intly anJ se~•Prally, it m..re than ~HI ` h!I:3 r;n:ill hP tfliL9t ~lllflP. (PfIl1I:1fiP ~id or m~uter, K•her-
e:rr tte con_ext so impl~es or adm~ty.
Ar. i~atd ~tortqagor tor himsel[ and his he:n, I~~al rPpresentatn~NS, vu-•;•e,~ors and usigru, hereDy coven-
sr.ta ar.u agree~ Ia nnd w•Tth aa~d biortgaRce, his le~al reprrve.^.I:lil~'C9, ~U~ ~'~•`~S~~fv Rf1~I fl991(,T9.
1 To pay s!1 and sin~ular the pr~nc~pal and rntcrF~t ar.d the vannu9 ur.d eundry sums ~! mon~y payable by
~•:r;ue of sa:d prom~ssory note, snd t1u~ mortgage, each e:~d e~'rry, ~;-c~mpUy ~~n the dAy'9 respecur•ely the same
~e~era.ly become ~ue.
2. To pay all and a~nRular the taxP9. assessm~•r.t:, l~~.i~~s. i,aA::it:r~. obtit;x;i~~ns ~u~:1 +.m~umbran~•es n! e~~ery
r.a:urr end ic:nd s.:~~.c on sa~d descr~brd ~~ropPrty, en~i ~~r '~at h~r.~aftrr r::3y tr !mpnsrd, s~z~ferrd. ~la~ed. 1:~:•;Pd
~r as~essed trereut.on. and or ihat hereaf'~r m.ty t.• 1.•~~,P~f ~~r a.-:~~ .w•.1 uR~.n th ~ r.inr~~;.,~;e an~! or thr in~iebted-
n•.:: •>r~:re,1 h.~rFDy. ea:•h and ecert•, u~hFr. duP ar.~1 ~.:~::ih;.~ a~ rnr:t:r,~; :•i IdW. F~~ TLfr !~1P~' DPCnIT1P ~1~•l:nquent,
~r~: .•::~re ar.~• int~re~! .it!achPS :~r an~• peretty i. i::~ ur-.~.: in,! :n Y~~ ,:ir ;~v s~r.~ th.~r~•,if is of rPrnrd th~ 9ame
shaL' ~r pr:~mptly sa:is:;ed and d~s~~ha*~~~! o! rrr~n! :u:J thr ~~r.~:~r.a! ~ffic~.il ~1~~~ ~~r.:Fr.t ~su~~h a~, for uistanre,
'ra ~ax recc.~t cr 'ne :aLsf:irLon pa,.Pr r:(fir.:i:ly er.:•:r.~.•.i ~~r ~ r•:f~.•~1~ A!1R1: bP pia~~rS tn thP hand9 of s:ud
~! ;rcC.+;.^,~e uZ;t~:in trn ~'a:•v r.Pxt af!er ~ay~rent: and an thr e~•~nt t':at am therf•~~f ~s noS sn paid, saLsf~e~1 flnd
d:~charQed, sa~d ~t~~rt~~Cee r.:a}• at any tim~ pay thP c,r~.~• nr ent• ; art :Rvn• ~f w~ithnut w•a:nn~ or afl~~~tmg
ar.: ~:•.na. L~^ eq~::-•: ~a n~::i unl~r nr bt• c:r, iP nf ;h:; m~~rt~;a~;~•, an~1 lh~~ full emount of each and P~~ery
s.:-:^. n:ic~~r.2 ~! til t.. i-~:m~•r1.at••t~ .:u~ an i r~v:J;'~ ~z,i ~t. ~:1 hear int~~rr•,e tr~,n: t'r.P ~In[e ther~of untcl paid
at the ra'e of t•~n pet ~•~ntu:n ,~~r anr.um ;~m1 t~.~;.•~t~.•r K-:it~ ~u; h ~ntercv[ shu11 b~• sc. ured by the I~cn of th~s
.:,nrt~:.3ge.
3. To place and coni~nu~usly ke~p on the hu :~i.n: v R.:w nr her~aftPr sfh~ate on sa~d land fire and u•tr.dstnrm
.:sarar.rA :.. !nr +._ ~:at .•ar.,+--ri p..t:,~~. c~:r^:. in e ~vr~ n~,t Ic~v than s maximum . ~~ sn: h c~~m-
Far.c ,r ~„r,;:~ .--.- r:a: h•- a,,^r:.~.•.i b~• sz.•1 \1r,r'~:i ~, i~. ::r: t:~~~ :u- h znsnrt ~rv c~~~l~r.cv nn .uty n! 9qld bu:ld-
•~;.~ a^}' ~r_Pres; *.!:rn•:a ur :~ar' Ln~re~~f. ~n th~ nttcr.~t•:s~~• vum ,~fnr~:~:•i ur {R PXfPi? :~IPfP~I{, ]~1B1I cnntn~n .he
c~~:a: _'ar. 3ar : r,. -••~azP~ •;a~i~.~ mak.r.~ t!~P I~9 u~ f~•r a•a. 1~,~l;: :.•:i ca~ h en~! erPr~•. pa~~able !o cai~f ~tr,rt~a-
¢~.~ .- ^:3 .r•~n ~_ r..a: a:~, ~ar. ar. f.•~~~ h a~. f ~~• •~ c~ h E~ •. ;~• ~R ~ll ~~~ , rnrr.~ •t~• ~t~~I:rer~d to an~l hPld hy 9aid
]: ;r':-a~.'P. ar.~i r.~;t 1~•~ s than I~n ~favs in :i~t. an; e n! t~r ~xr:r :t ~,~ nl ~a~h pol:~v to del~v~r to SRid M~r!~a~~e
a r~r.••.al :~F•~ ,! .~~P!h~r ~a-:th w rcrP:r! f,~~ ~hP ~•Pm~um ,.f ~•~ h rr-;~t~'R1 Rr.,1 th~re ~ha!! bc no such ~ns:ir-
ar~'.~ ^i.i• •~i ~~r ar.r ,; .,~;,~ t~+:.1 3~r.~s any ;n.~v~st th~rr:n + r rnrt th~n•~:f. ur.l~<1 ~n [hP tnrm and w~th tne I~~~a
['3':ni•~a a9 a`~~rr~a,.:. ar.~1 in tFe e~-~r.t anc sum of n:~~r~~• b.~rnm~~ navxbt~ un~f~r 4wch pallcy or roliriea said
~4~-',•~::~z ,ha.: hx~~e *he ~~;~i.~~n t~ r.•rp:~~v and a; ~;!~~ t!•e ~im~• ~m a~ r~,unt of thr tn.lebtP:in!s~ secur~~f herqby or
.-••-. .t =~.-f ~1~r~Cac~~r :n rpr~•.,. remi ~:~P :t nr nnv ~~act ther~nf fnr othrr p~~rF•o9ev withnut thrr~by k•xiving
o. •":^:+:r^~ a~: P~~::'v l:en nr r.~ht und~r ~,r by ~•irtue of tt;rv m~rtka~e, anrl in thP e~~ent sn:d Mort~ak:.r ~hall
!~r 1-:•: r•,1:. - r,.. ;n kr.~n th• sa ,; rr.~n:,c~•s 9rl :TI~IIM~1 nr fa~l !~ dNl~-Pr prnmplly nny of ~aiA ~AIICIr~ of
rs':r~~~P :n s.:: :`•i ~!:~iR• r nr ful promptlv t~ n ~v fi:llv any prPm~um therPfnr, or ~n eny resp~~t fdtl to per-
!or^ ~::c~har~e. ~tr••u,~. •~(IPPL. CAlf]~IFIP. OpTi;ply u:,h and abi~~P by this rovrll9llL, O~ Qfi}' ~Hf~ I1l~fJI, ~a~d ~tortg-
a¢eP rr.ay Pi•~~P a.*.:! ; a~ f~r c•~~•h :naurance or xny par! thrrrnf w•i[hrnit v~•a~~•m~ or affect~nR enY opt:~n. L~n.
rqu~t ~ or re*t urd~•r ~~r bt• c.rtuP u! th:s mort~aR~ a:,~1 th~ f~.l amo~int ~if ea~h and ev~ry such pnym~ n[ shall
DP :mmed:R!P~Y ~i ~v an! pa~•abl~ nn~i ahall bPer ~n~or~st frc~m [he date Lhc~~of ur,Ul piid wt the raie ot ten per
~Pni~im ~Pr annum a^4 tnRPth~r KryLA vuch lnterest ~hall be eecured Dy the lien ot thls mortRa~e.
~ To permlt. c~~mr.::t or ~nffer nn u•~te, im~a:rment or detertoration o[ aeud property or any part thereot.
6. To pay all and ~:n~ular the ro.ta, char~ea nnd ~xpPn~es, mcluJ~n~ reaionaDle lawyer's lee~ anA co~t o:
aDs!ract• of htle. Inrurred or ~ald at any time by sald M~~rtRsRee t~_~ause and~or fn the event of the tallure
on the part ot the said MortRnQnr to duly, promptly and tully per[orro, dlicharRe, e:ecute, ettect, complete,
c„mply w~th and abfA~ by tach and ev~ry the sttpulat~ons, eRreements. conditlons and covenants ot ~a~d promis-
sory nnt~, anA th~~ mort~;aRe, any or efth~r, nnd asld costs, charqe~ and expenae~, each and every, shall be Im-
mMiac~ly due and paywble, w•he[her or not there be not~ce, demnnd. attempt to coUect or ault pendlnR: and ths
itill +mount of each anA every such payTnent shsll bear Intereat tmm the date thereot untll pafd at th~ rate ot
tm per centum per annum: and al! sat~ cost~, charge^ and upensa~ ~0 lncurred or pald, tvgether wtth such fe-
tereat, •hall De secured Dy ths -len ot Wa mortga~e.
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- "'K 35i E 1086
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