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_ LAND TITL: ACT FORM 17 (Sect Oh APPLICA r hour chack and satisty HOTE:-Betore submitting this application applicants 4 a . Inchiding taxes of the Crown, provincial, & aes ane improvened wae and wrigeion dic.

NATURE OF INTEREST: aage m

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1 HEREWTH Fed OF: 3 ARR, Fanopese ‘tyerson ects c aititoanibuen j 1 pb rleck Meh NEB Fan nn wll bd os being submitted wih this extn: ACE «Lond METRE. feu nama, address, Seteshone numbor of person presenting anplication vo MELA. ART EDET cue Gf % LANDO & COMPANY OLICITORS #300. £38 WEST PENDER ST.

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MORTGAGE OF -A‘:LEASE..”

THIS INDENTURE made the </S7 day of Decemndey , a.nd. 1982.00. _In pursuance of the “Land Transfer Form Act". ; an aeannat BETWEEN; | ae He,

CARNOUSTIE RECREATION AND’ DEVELOPMENT LTD.,.a . body corporate, duly Incorporated under the laws of the Province of British Columbia, ‘and havings its ‘registered office #1157 .- 409 Granville Street, in the City of Vancouver, in. the Province of Gritish Columbia... on (Incorporation No. : 7)

(hereinafter. called the "Mortgagor") .

THE FIRST. PART

AND: ee a

CROWN LIFE INSURANCE COMPANY, - a body. corporate, havings ts head office -at the “City of Toronto, in. the Province of. Ontarto,: ‘and duly licensed. to carry on business in the: ‘Province of British Columbia, having a-branch ‘office: at #1110 +. 1500 West Georgia ‘Street, Vancouver, {a the Province of British Columbia =. : ‘ we

(hereinafter called the ““Mor tgagee! ) . EES ; . : OF THE SECOND PART... |

AND: -

JOHN GEORGE SARIC, Businessman, and LEO WILLIAM DER GACH, ®usinessman, both: c/o 333 Dorinion Avenue, in the City of .. Port Coquitlam, in the Province. of. Sritish Columbia, V3C 3V4 . a

(hereinafter called the "Guarantor") ve . ; ot OF THE THIRD PART).

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