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Home My WebLink AboutBy-law 2079/85THE CORPORATION OF THE TOWN OF PICKERING BY-LAW NO. 2079 /85 Being a by-law to authorize the execution of an agreement postponing mortgage between Bank of Montreal and The Corporation of the Town of Picketing, respecting part Lots 64-71, Plan 418, Pickerlng (Draft Plan 18T-80006, Revised) WHEREAS, by By-law 1874184, enacted 3uly 3rd, 1984, the Council of The Corpo- ration of the Town of Picketing authorized the execution of a subdivision agreement between Rulor Developments Limited and The Corporation of the Town of Picketing respecting part Lots 64-71, Plan 418, Picketing (Draft Plan 18T-80006, Revised); and WHEREAS, it is necessary to enter into an agreement postponing mortgage held by Bank of Montreal on those lands in order to protect the Town's interest in those lands arising from that subdivision agreement; NOW THEREFORE, the Council of The Corporation of the Town of Picketing HEREBY ENACTS AS FOLLOWS: The Mayor and Clerk are hereby authorized to execute an agreement postponing mortgage, in the form attached hereto as Schedule A between Bank of Montreal and The Corporation of the Town of Picketing respecting the subdivision agree- ment between the Town and Rulor Developments Limited controlling the develop- ment of part of Lots 64-71, inclusive, Plan 418, Picketing (Draft Plan 18T- 80006, Revised). BY-LAW read a first, second and third time and finally passed this 16th day of September, 1985. 'Brfice Taylor, Clerk ~OtPrOV'nCeOnl3r,o Schedule Fom~ 5 -- Land Regl~fo~ R~fmm A~, 19~4 '~ AddltIafld Pml~tlt Identffle~) end/or Oth4~ Information Page SCI.-~OULE TO 1~3X (8) Ruler Developments Limited has entered into a Mortgage with Bank of Montreal ("the Bank") secured against the title to the lands described in Box (6), which Mortgoqe is doted the day of July, 1985, and was registered in the Land Registry Office for the Land Titles Division of Durham on the day of , 1985 as No. ("the said Mortgage"). ,2, Ruler Developments Limited has entered into an Agreement with the Corporation of the Town of Picketing ("the Town") respecting the subdivisio~ of the lands described in Box (6), which Agreement is doted the 3rd day of July, I c)Sa, and wes reqistered the said Land Registry Office on the day of , J 985 as No. ("the said Agreement"). The Bank hereby postpones the said Mortgage and any rights or interest which the Bank has in the land described in Box (6) in f~vour of the said Agreement to the inient that the said Agreement shall take effect as though executed (3nd registered prior to the execution and registratio of the said Mortgage. BANK OF MONTREAL CREOIT DEPARTMENT ONTARIO DIVISIONS OOCUMENT NO. q///! New Propl~'ty Iclantfll~l See Schedule 5¢he,-lule A Document General Form 4 -- LamJ Registration Reform Act, 1~1 (1) ~lglet~y [] Land Tl~ [] (2) Page t of (3) properly Block Prol~ly (4) Nature of D~-ume~l AGREEMENT POSTPONING /v~RTGAGE Do,lam S D pege~ (7) Thl~ (a) Re~e~cd~lott i (b) Schedule for: D~eumem New Ea~me~t A4clitfl~nll Contatn~ Plan/Sketch I--Ii Deecrt~liOfl [~] P... [] Other Po~-r of Attorney regise~ed as Inset No. LT234343 in the La~] Titles Divisic~ of Durham on June 10, 1985. To the best of our knowledge and belief, the power of attorney is still in full force and effect and has not be~n revoked. At the ~ate t~e Agreem~t mes~oning Nortgage ~s ex~a, Peter John Palmer was the Division Y~nager, Credit of Bank of Mc~treal a~d Joseph Michel P~Lchard ~ouscc=u was the Division Manager, Credit of P~_~k of M0~treal. I party(lea) (Set OUt Status or Inter.t) Name(s) ~ / /.~'naturo($) Date of Signature ~ter Jo~ ~a~ ~ '.~,, ,.x" ~' '~?' .'q~h m~. ~. ~. ........................... .~..~ ........... ~ :, . .~ .. ' ~o~ (~)~ddro, 55 Bloat Street West, 7th Floor~ Toronto~ Ontario ~W 3N5 ~2) ~(le~) (S~ out Status or Interest) THE CORPORATION OF THE TOWN OF PICKERING : ...:... 13) Address lot Service 14) Municipal Addre~l of property NOT ASSIGNED Kingston Road, Picketing, Ontario L IV I C7 (15) O~ument prepared by:. ~,lan Bennett, Q.C. 3assel, Sullivan & Leake 3arristers and Solicitors ~.O. Box351, Suite lB00, Jommerce Court West, FOROI JTO, Ontario. Fee~ and Tax Regist ration Fie THE CORPORATION OF THE TOWN OF PICKERING BY-LAW NO. 2079 /85 Being a by-law to authorize the execution of an agreement postponing mortgage between Bank of Montreal and The Corporation of the Town of Picketing, respecting part Lots 64-71, Plan 418, Pickering (Draft Plan 18T-80006, Revised) WHEREAS, by By-law 1874/84, enacted July 3rd, 1984, the Council of The Corpo- ration of the Town of Pickering authorized the execution of a subdivision agreement between Rulor Developments Limited and The Corporation of the Town of Pickering respecting part Lots 64-71, Plan 418, Picketing (Draft Plan 18T-80006, Revised); and WHEREAS, it is necessary to enter into an agreement postponing mortgage held by Bank of Montreal on those lands in order to protect the Town's interest in those lands arising from that subdivision agreement; NOW THEREFORE, the Council of The Corporation of the Town of Picketing HEREBY ENACTS AS FOLLOWS: The Mayor and Clerk are hereby authorized to execute an agreement postponing mortgage, in the form attached hereto as Schedule A between Bank of Montreal and The Corporation of the Town of Picketing respecting the subdivision agree- ment between the Town and Rulor Developments Limited controlling the develop- ment of part of Lots 64-71, inclusive, Plan 4]8, Picketing (Draft Plan 18T- 80006, Revised). BY-LAW read a first, second and third time and finally passed this 16th day of September, 1985. /}~hn E. An'd~r§6ff, Mayor- ' Brfice Taylor, Clerk Schedule Form 5 -- Land R~lltt~o~ RMorm Ac~, 1964 P~ S '~Addlfloflal proD. fly Identlfl~(e) re'rd/or Olhe~ Inlormatlon SCHEDULE TO BOX (8) Rulor Developments Limited has entered into a Mortgage with Bank of Montreal ("the Bank") secured against the title to the lands described in Box (6), which Mortgaqe is doted the day of July, 1985, and was registered in the Land Registry Office for the Land Titles Division of Durham on the day of , 1985 as No. ("the said Mortgage"). Rulor Developments Limited has entered into an Agreement with the Corporation of the Town of Pick.ring ("the Town") respecting the subdivision of the lands described in Box (6), which Aqreement is dated the 3rd day of July, 198b, and was reqistered the said Land Registry Office on the day of , 1985 as No. ("the said Agreement"). The Bank hereby postpones the said Mortgage and any rights or interest which the Bank has in the land described in Box (6)in favour of the said Agreement to the intent that the said Agreement shall take effect as though executed and registered prior to the execution and registratio of the said Mortgage. BANK OF MONTREAL CREDIT DEPARTMENT ONTARIO DIVISIONS DOCUMENT NO. ~// /~ New ProD~ly Ide~tifiml SN See Schedule $¢heJul~ A Document General (4) Nalum of Document Form 4 -- La~d R~lstrstk~n Reform Act. Bilk AOffiEE ~NT POSTPONING D(~llrl $ D {a) ReO~cr~tlon ; (b) Sch~ule fo,r: New E~'~ent :, A~JI~I Plen/Sketch [] i DM~Mplion [] PI/¶IM [] ot~, []~ Po~_r of Attorney registered as Instr~r~t No. LT234343 in the Land Titles Division of Durham on June 10, 1985. T~ th~ best of our knowledg~ and belief, the ~ of attorney is s%ill in full force and effect and has not been rewaked. At th~ date th~ Agreement Postponing M~rtg~ge w~s ex~-%fced, Peter John Palmer ~as th~ Division Manager, Credit of Bank of M~n~! and Joseph Michel Richard B~usseau was the Division Manager, Credit of Bank of M~treal. Name(s) %% / ,/;*~3'neture(s) Date of Signature ~~~..... · ......... , ~ M D ~ter Jo~ ~a~ ~ ~ ~P~ J~ ~a~ : " . . X . . . ~,~'. . . .~q~ ~. ~. ~ . · .~ ....... // ................. ., . .~ . ~,,.,.~' // ~ ~ J ; "' ...................... ~o~ ~ m~ ~ ~ .... ~"'~ ' [~'~1 ~ ~5 B~oor Str~t W~st, qth Fioor~ Toronto, Ontario ~W 3NS for Servlr~ (~(12) party(MI) (Sat C~Jt Status or Interest) Name(s) Signature(s) Dire of Signature THE CORPORATION OF THE TOWN OF PICKER~NG .............. i ' 13) Addmls for Service ~(14) Municipal Addrau of Propa~ NOT ASSIGNED 1710 Kingston Road, Pickering, Ontario LIV IC7 (lS) Documenl Pmplred by:, Alan Bennett, Q.C. Bassel, Sulllvan & Lea~e Barristers and Solicitors P.O. Box3$l, Suite 1800, ~ommerce Court West, TaRot izO, Ontar'o. ii Registration F~ THE CORPORATION OF THE TOWN OF PICKERING BY-LAW NO. 2079 /85 Being a by-law to authorize the execution of an agreement postponing mortgage between Bank of Montreal and The Corporation of the Town of Pickering, respecting part Lots 64-71, Plan 418, Pickering (Draft Plan 18T-80006, Revised) WHEREAS, by By-law 1874/84, enacted July 3rd, 1984, the Council of The Corpo- ration of the Town of Picketing authorized the execution of a subdivision agreement between Rulor Developments Limited and The Corporation of the Town of Picketing respecting part Lots 64-71, Plan 418, Picketing (Draft Plan 18T-80006, Revised); and WHEREAS, it is necessary to enter into an agreement postponing mortgage held by Bank of Montreal on those lands in order to protect the Town's interest in those lands arising from that subdivision agreement; NOW THEREFORE, the Council of The Corporation of the Town of Picketing HEREBY ENACTS AS FOLLOWS: The Mayor and Clerk are hereby authorized to execute an agreement postponing mortgage, in the form attached hereto as Schedule A between Bank of Montreal and The Corporation of the Town of Picketing respecting the subdivision agree- ment between the Town and Rulor Developments Limited controlling the develop- ment of part of Lots 64-71, inclusive, Plan 418, Picketing (Draft Plan 18T- 80006, Revised). BY-LAW read a first, second and third time and finally passed this 16th day of September, 1985. -Brt~ce Taylor, Clerk' ~O'onlar,oPrOV'nCe Schedule Form I~ -- Land Regltffl~tion Ralo~m Act, 1984 (AddltlonM Prol~rty Identified(l) md/or OthM Information SCHEDULE TO BOX (8) Rulor Developments Limited has entered into a Mortgage with Bank of Montreal ("the Bank") secured against the title to the lands described in Box (6), which Mortgaqe is doted the day of July, 1985, and was registered in the Land Registry Office for the Land Titles Division of Durham on the day of , 1985 as No. ("the said A/ortgage"). Rulor Developments Limited has entered into on Agreement with the Corporation of the Town of Picketing ("the Town") respecting the subdivision of the lands described in Box (6), which Agreement is dated the 3rd day of July, 198h and was reqistered the said Land Registry Office on the day of , 1985 as No. ("the said Agreement"). The Bank hereby postpones the s~id Mortgage and any rights or interest which the Bank has in the land described in Box (6) in favour of the said Agreement to the intent that the said Agreement shall toke effect as though executed and registered prior to the execution and registratio of the said Mortgage. BANK OF MONTREAL CREDIT DEPARTMENT ONTARIO DIVISIONS DOCUMENT NO. c// /! 5cheAul A o,"'°"n" Document General D Ontlr,o For~ 4 -- LaN Re~lelmllen Refolm ~[ 1~ R~t~ ~ LendT~ ~ ~(2) P.~ I of (3) P~ Bilk P~ (4) Nature et ACREENENT POSTPONING MORTGAGE pege8 Do, lam $ New Pf~l~'ty I¢l~'%ti(ie~ (~) 'fha (e) n~d~l~ (8) Thle Document I~O~idel is followt: See Schedule [] Other Power of Attorney registered as Instrz~ent No. LT234343 in the T~nd Titles Divisicn of Durham on June 10, 1985. To the best of our knowledge and belief, the ~cwer of attorney is still in full force and effect and has not been re~Dked. At the date the A~t PoshL~ing Mortgage was exec~z~, Peter John Palmer was the Division Manager, Credit of Bank of M~x%treal and Joseph Michel Richard Rousseau was the Division Manager, Credit of Bank of M~ntreal. Name(s) \ \ / /~nsture(s) ~e of Si[nBtu~ I'} ~re- 55 Bloor Street We~l~ 7th q12) Pea(lee) (Set ~t Status or Interest) THE CORPORATION OF THE TOW~ OF PICKERINC .~ , . ,:, . , (13) Address torS,,-,*¢, 1710 Kingston Road, Pickering, Ontario LIV IC7 >(14) Municipal Address of Properg/ NOT ASSIGNED (15) Documenl Prepared by: Alan Bennett, Q.C. Bassel, Sullivan & keake Darristers and Solicitors ~.O. Box 351, Suite 1800, ~ommerce Court West, TO,Or JTF). Ontar:m Fe~ en~ Tax Registration F~ THE CORPORATION OF THE TOWN OF PICKERING BY-LAW NO. 2079 /85 Being a by-law to authorize the execution of an agreement postponing mortgage between Bank of Montreal and The Corporation of the Town of Picketing, respecting part Lots 64-71, Plan 418, Picketing (Draft Plan 18T-80006, Revised) WHEREAS, by By-law 1874/84, enacted July 3rd, 1984, the Council of The Corpo- ration of the Town of Pickering authorized the execution of a subdivision agreement between Rulor Developments Limited and The Corporation of the Town of Pickering respecting part Lots 64-71, Plan 418, Picketing (Draft Plan 18T-80006, Revised); and WHEREAS, it is necessary to enter into an agreement postponing mortgage held by Bank of Montreal on those lands in order to protect the Town's interest in those lands arising from that subdivision agreement; NOW THEREFORE, the Council of The Corporation of the Town of Pickering HEREBY ENACTS AS FOLLOWS: 1. The Mayor and Clerk are hereby authorized to execute an agreement postponing mortgage, in the form attached hereto as Schedule A between Bank of Montreal and The Corporation of the Town of Picketing respecting the subdivision agree- ment between the Town and Rulor Developments Limited controlling the develop- ment of part of Lots 64-71, inclusive, Plan 418, Picketing (Draft Plan 18T- 80006, Revised). BY-LAW read a first, second and third time and finally passed this 16th day of September, 1985. q ~of Prov'nCeO~,~.o Schedule Faint $ -- Land R~glstr~on RMo~m Act, 19~4 P~e S ~Ad~al pre~effy Identlff4~l} ~nd/or Otll~ Inlormatlon SCHEDULE TO BOX (8) Rulor Developments Limited has entered into a Mortgage with Bank of Montreal ("the Bank") secured against the title to the lands described in Box (6), which Mortgage is dated the day of July, 1985, and was registered in the Land Registry Office for the Land Titles Division of Durham on the day of , 1985 as No. ("the said Mortgage"). Rulor Developments Limited has entered into on Agreement with the Corporation of the Town of Pick.ring ("the Town") respecting the subdivision of the lands described in Box (~), which Agreement is dated the 3rd day of July, 198zt and was registered the said Land Registry Office on the day of , 1985 as No. ("the said Agreement"). ¸3. The Bank hereby postpones th. said Mortgage and any rights or interest which the Bank has in the land described in Box (6)in favour of the said Agreement to the intent that the said Agreement shall take effect as though executed and registered prior to the execution and registratio of the said Mortgage. BANK OF MONTREAL CREDIT DEPARTMENT ONTARIO DIVISIONS DOCUMENT NO. ~/// New Property Identifiers Addltlottal: See Schedule Eaocuflona See Schedule (8) This Document p~ovides et follow~: See Schedule E,¢he,:l- I¢A Document General '(2) Page of LMKI TIItes [] 1 Block Prope~/ Do~lar~ $ p~ge~ D (13) Schedule for: N~dittonal Description [] Plrtll~ [] Other []~ Power of Attorney registered as Instr~m~t No. LT234343 in the La~d Titles Divisi~ of Durham on June 10, 1985. To the best of our knowledge and belief, the power of attorney is still in full force and effect and has not been revoked. At the dat~ th~ Agre~rent Postponing Mortgage was execute, Peter John Palmer was the Divisic~ Manager, Credit of Bank of M~ntreal and Joseph Michel PcLchard Bc~sseau was the Divisic~ Manager, Credit of Bank of Mc~treal. Continued on Schedule (9) Th'a Document re~-tes to Inltrument number(a) Nbrt~e NO. > , Name(s) %\ / /~natura($) D~te of SiMgnature Peter John ~almer and ~ .Peter John Fal~er (ii) ~,~tea$ 55 BIoor Street Wesl, 7th Floor, Toronto, Ontario M/4W 3N5 for Service ~'2) Party(les) (Set out Status or Interest) Name(s) Signature(a) THE CORPORATION OF THE TOWN OF PICKERIU.G .......................... Date of Signature Y M D 13) Addmal ~orser~ce 1710 Kingston Rood, Pickering, Ontario IIV IC:7 14) M~'~cipel Address o! Proper'b/ NOT ASSIGNED (15) Document Prepared by: ~,lon Bennett, Q.C. )assel, Sullivan & Leake ~,orristers and Solicitors ~.0. Box 351, Suite 1800, ~ommerce Court West, ['OF{ONTO, Ontor[o. i Hh I~l i;I Fe~ and Tax ·