Examples of Mortgages Act in a sentence
If you rent all or any part of your Property without our approval, we will have the same rights and remedies as if you had tried to discourage us from taking possession of your Property if you had defaulted under the Mortgage or adversely affected the value of your Property within the meaning of Section 52(1) of the Mortgages Act (Ontario).
If your Property is situated in Ontario, this includes a power of sale to which a mortgagee is entitled under Part III of the Mortgages Act (Ontario), which may be exercised, if default continues unremedied by your for 15 days, on at least 35 days' written notice to you.
Same, proceedings for power of sale (6) A person who is required to serve a writ or other document under clause (4) (a) in connection with a proceeding for power of sale shall do so in accordance with the notice requirements under the Mortgages Act.
The Courts further find that prohibiting the filing of dispositive motions until settlement discussions have been completed is necessary for the full utilization of the Foreclosure Prevention Agreements for Residential Mortgages Act IN Code 32-30-10.5-1 et seq.
Besides, it is a legal requirement under the Mortgages Act that the deed must state the mortgagor's interest in the property as well as its clear identity and precise location.
If the net rent is not sufficient to pay the Outstanding Amount in full, you must pay us the difference.(d) Sell Your Property – if Default has continued for 15 days, we may enter your Property and, on at least 35 days prior written notice to you and any other party entitled to notice as required by Part III of the Mortgages Act (Ontario), sell your Property or any part of your Property.
If any of the forms of words contained herein are also contained in Column One of Schedule “B” of the Short Form of Mortgages Act (Ontario) and distinguished by a number therein, the Charge shall be deemed to include and shall have the same effect as if it contained the form of words in Column Two of Schedule “B” of the said Act distinguished by the same number, and the Charge shall be interpreted as if such Act was still in full force and effect.
Such notice shall be given to such persons and in such manner and form and within such time as provided in The Mortgages Act, as amended.
The Business Mortgages Act contains provisions on the effects of deregistration on the persistence of a business mortgage.
Same, proceedings for power of sale (5) A person who is required to serve a writ or other document under clause (3) (a) in connection with a proceeding for power of sale shall do so in accordance with the notice requirements under the Mortgages Act.