Homestead exemption definition
Examples of Homestead exemption in a sentence
Upon payment of all obligations hereunder by Buyer, Seller shall convey to Buyer, in fee simple clear of all encumbrances, except as may be provided as an exception herein and those of the Buyer, by a good and sufficient Corporate Deed, including the release and waiver of all rights under and by virtue of the Homestead exemption laws of the State of Illinois the Premises described above.
The Guarantor hereby agrees, to the extent permitted by law, to waive the Homestead exemption, notice of ac ceptance, notice of presentment, demand, non-payment, dishonor and protest, along with the right to require Seller to proceed against the Applicant.
Borrower hereby waives all rights of Homestead exemption in the Property under state or Federal law.
To the extent permitted by law, the Guarantors hereby waive all venue objections, the Homestead exemption, notice of acceptance hereof, notice of presentment, demand, nonpayment, dishonor and protest, and consent to and waive notice of any modification, amendment or extension of the terms of the credit agreement hereby guaranteed.
The Guarantor hereby agrees to the extent permitted by law, to waive the Homestead exemption, notice of acceptance, notice of presentment, demand, non-payment, dishonor and protest, along with the right to require Seller to proceed against the Furthermore, Guarantor consents to and waives notice of any modification, amendment or extension of the terms of the Agreement hereby guaranteed.