Common use of INTERVENTION OF SPOUSE Clause in Contracts

INTERVENTION OF SPOUSE. (, spouse of the Borrower, domiciled and residing at (, intervenes in this Contract and declares: that he/she has taken cognizance of this Contract and consents thereto; that the declaration of matrimonial status made by the Borrower is accurate; that, even if a declaration of family residence has previously been or will subsequently be registered against the Property, his/her rights are subordinated to those of the Lender and the Lender may exercise its rights and recourses, free of all rights of the intervening spouse; and that if a right of use or ownership in the Hypothecated Property is granted in his/her favour, he/she will be solidarily liable for all of the Indebtedness, without the benefits of division or discussion. WHEREOF ACTE THUS DONE AND PASSED, at the City of (, Province of Québec, on the date hereinabove first mentioned under the number ____________________________________________________________________________________________________ (___________) of the original notarial minutes of the undersigned notary. AND AFTER the parties had declared to have taken cognizance of these presents and to have exempted the said Notary from reading them or causing them to be read, the parties signed with and in the presence of the said Notary. COMPAGNIE HOME TRUST / HOME TRUST COMPANY Per: _____________________________ [BORROWER] Per: _____________________________ [SURETY] Per: _____________________________ ______________________________ (, Notary

Appears in 2 contracts

Samples: www.hometrust.ca, www.hometrust.ca

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INTERVENTION OF SPOUSE. (, spouse of the Borrower, domiciled and residing at (, intervenes in this Contract and declares: that he/she has taken cognizance of this Contract and consents thereto; that the declaration of matrimonial status made by the Borrower is accurate; that, even if a declaration of family residence has previously been or will subsequently be registered against the Property, his/her rights are subordinated to those of the Lender and the Lender may exercise its rights and recourses, free of all rights of the intervening spouse; and that if a right of use or ownership in the Hypothecated Property is granted in his/her favour, he/she will be solidarily liable for all of the Indebtedness, without the benefits of division or discussion. WHEREOF ACTE THUS DONE AND PASSED, at the City of (, Province of Québec, on the date hereinabove first mentioned under the number ____________________________________________________________________________________________________ (___________) of the original notarial minutes of the undersigned notary. AND AFTER the parties had declared to have taken cognizance of these presents and to have exempted the said Notary from reading them or causing them to be read, the parties signed with and in the presence of the said Notary. COMPAGNIE HOME TRUST / HOME COMPUTERSHARE TRUST COMPANY OF CANADA. Per: _____________________________ [BORROWER] Per: _____________________________ [SURETY] Per: _____________________________ ______________________________ (, Notary

Appears in 1 contract

Samples: www.cmls.ca

INTERVENTION OF SPOUSE. (, spouse of the Borrower, domiciled and residing at (, intervenes in this Contract and declares: that he/she has taken cognizance of this Contract and consents thereto; that the declaration of matrimonial status made by the Borrower is accurate; that, even if a declaration of family residence has previously been or will subsequently be registered against the Property, his/her rights are subordinated to those of the Lender and the Lender may exercise its rights and recourses, free of all rights of the intervening spouse; and that if a right of use or ownership in the Hypothecated Property is granted in his/her favour, he/she will be solidarily liable for all of the Indebtedness, without the benefits of division or discussion. WHEREOF ACTE THUS DONE AND PASSED, at the City of (, Province of Québec, on the date hereinabove first mentioned under the number ____________________________________________________________________________________________________ (___________) of the original notarial minutes of the undersigned notary. AND AFTER the parties had declared to have taken cognizance of these presents and to have exempted the said Notary from reading them or causing them to be read, the parties signed with and in the presence of the said Notary. COMPAGNIE HOME TRUST / HOME COMPUTERSHARE TRUST COMPANY OF CANADA Per: _____________________________ [BORROWER] Per: _____________________________ [SURETY] Per: _____________________________ ______________________________ (, Notary

Appears in 1 contract

Samples: www.cmls.ca

INTERVENTION OF SPOUSE. (, spouse of the Borrower, domiciled and residing at (, intervenes in this Contract and declares: that he/she has taken cognizance of this Contract and consents thereto; that the declaration of matrimonial status made by the Borrower is accurate; that, even if a declaration of family residence has previously been or will subsequently be registered against the Property, his/her rights are subordinated to those of the Lender and the Lender may exercise its rights and recourses, free of all rights of the intervening spouse; and that if a right of use or ownership in the Hypothecated Property is granted in his/her favour, he/she will be solidarily liable for all of the Indebtedness, without the benefits of division or discussion. WHEREOF ACTE THUS DONE AND PASSED, at the City of (, Province of Québec, on the date hereinabove first mentioned under the number ____________________________________________________________________________________________________ (___________) of the original notarial minutes of the undersigned notary. AND AFTER the parties had declared to have taken cognizance of these presents and to have exempted the said Notary from reading them or causing them to be read, the parties signed with and in the presence of the said Notary. COMPAGNIE HOME TRUST / HOME COMPUTERSHARE TRUST COMPANY OF CANADA Per: _____________________________ [BORROWER] Per: _____________________________ [SURETY] Per: _____________________________ ______________________________ (, NotaryNotary TOR_LAW\ 10186202\1

Appears in 1 contract

Samples: www.cmls.ca

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INTERVENTION OF SPOUSE. (, spouse of the Borrower, domiciled and residing at (, intervenes in this Contract and declares: that he/she has taken cognizance of this Contract and consents thereto; that the declaration of matrimonial status made by the Borrower is accurate; that, even if a declaration of family residence has previously been or will subsequently be registered against the Property, his/her rights are subordinated to those of the Lender and the Lender may exercise its rights and recourses, free of all rights of the intervening spouse; and that if a right of use or ownership in the Hypothecated Property is granted in his/her favour, he/she will be solidarily liable for all of the Indebtedness, without the benefits of division or discussion. WHEREOF ACTE THUS DONE AND PASSED, at the City of (, Province of Québec, on the date hereinabove first mentioned under the number ____________________________________________________________________________________________________ (___________) of the original notarial minutes of the undersigned notary. AND AFTER the parties had declared to have taken cognizance of these presents and to have exempted the said Notary from reading them or causing them to be read, the parties signed with and in the presence of the said Notary. COMPAGNIE HOME TRUST / HOME TRUST COMPANY Per: _____________________________ [BORROWER] Per: _____________________________ [SURETY] Per: _____________________________ ______________________________ (, Notary

Appears in 1 contract

Samples: www.hometrust.ca

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