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Veterans’ Land Regulations (C.R.C., c. 1594)

Regulations are current to 2022-05-02

SCHEDULE I(s. 54)Agreement of Sale of Land

THIS AGREEMENT made thisblank line day ofblank line, A.D. 19blank line, under the provisions of Parts I and III of the Veterans’ Land Act.

BETWEEN:

THE DIRECTOR, THE VETERANS’ LAND ACT

(hereinafter called the “Director”)

OF THE FIRST PART:

AND

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of the Post Office of blank line

in the Province of blank line

(hereinafter called the “Veteran”)

OF THE SECOND PART:

WHEREAS:

The Veteran has been certified by the Director to be qualified to participate in the benefits under the Veterans’ Land Act;

Pursuant to the provisions of the said Act the Director has acquired the land hereinafter more particularly described and has determined the cost to the Director of the said land together with improvements to be effected, if any.

The parties have agreed that the outstanding indebtedness under any previous Agreement of Sale shall form part of the indebtedness under this Agreement and shall be repayable in accordance with the terms of this Agreement.

NOW THIS AGREEMENT WITNESSETH as follows:

1. In consideration of the conditions and provisions herein contained the DIRECTOR AGREES TO SELL TO THE VETERAN WHO AGREES TO PURCHASE all and singular that certain parcel of land and premises lying and being in the Province of blank line

more particularly described as follows:

at and for sale price of blank line

blank lineDollars ($blank line)

of lawful money of Canada, payable to the Director at his office in the City of Ottawa, or at his office for the region in which the said land is situated, on the days and in the manner hereinafter set out, upon and subject to the terms, conditions and stipulations herein contained, and the payments to be made as herein specified, the observance of each and every of the said conditions and stipulations, as well as the making of the said payments being expressly declared the essence of this Agreement.

2. (1) The Director acknowledges having received from the Veteran the sum ofblank line

blank lineDollars ($blank line)

being the down payment on the sale now being made under Part I of the Act.

(2) It is agreed:

that the balance of the sale price outstanding on the sale now being made under Part I of the Act is the sum ofblank line Dollars ($blank line);

that the balance of the sale price outstanding on any previous sale made under Part I of the Act is the sum ofblank line Dollars ($blank line);

that the amount of the loan now being made under Part III of the Act is the sum ofblank line

blank lineDollars ($blank line);

that the balance outstanding under any previous loan made under Part III of the Act is the sum ofblank line

blank lineDollars ($blank line).

Balance of the sale price payable to the Directorblank line

blank lineDollars ($blank line).

(3) The Veteran covenants and agrees that he will pay to the Director the balance of the said sale price as follows:

the sum ofblank lineDollars ($blank line)

with interest at the rate of 3 1/2 per cent per annum;

the sum ofblank lineDollars ($blank line)

with interest at the rate ofblank lineper annum;

the sum ofblank lineDollars ($blank line).

with interest at the rate ofblank lineper annum;

the sum ofblank lineDollars ($blank line)

with interest at the rate ofblank lineper annum;

the sum ofblank lineDollars ($blank line)

with interest at the rate ofblank lineper annum;

and the sum ofblank lineDollars ($blank line)

with interest at the rate ofblank lineper annum.

Interest at the said rates to accrue from theblank line day ofblank line 19blank line.

Monthly payments ofblank line Dollars ($blank line) on account of interest to be paid on the first day of each and every month from and including the first day ofblank line, 19blank line, to and including the first day ofblank line, 19blank line, on which last mentioned date there shall be paid in addition to the monthly payment aforesaid, the balance of interest, if any, on amounts advanced from time to time; and,

Inblank lineequal consecutive amortized monthly payments ofblank line Dollars ($blank line) such payments to be made on the first day of each and every month, the first of such payments to be made on the blank line day ofblank line, 19blank line. Each amortized payment consists of principal and interest, such interest being calculated yearly not in advance, which payments are sufficient on an amortization plan to pay the principal and interest thereon. Each amortized payment shall be applied, firstly, in the reduction of interest outstanding and secondly, in the reduction of principal. All payments of principal on becoming overdue shall bear interest at the rate(s) aforesaid.

3. The Veteran agrees that the Director has determined the cost to the Director under Part I of the Act inclusive of any cost under a previous Agreement which is included in this Agreement to be the sum ofblank line Dollars ($blank line). The Veteran agrees that save upon payment in full of the said Part I cost together with interest at the rate of 3 1/2 per cent per annum, together with the balance of the said Part III loan or loans payable under Clause 2 hereof together with interest thereon at the rate or rates therein set out and all other charges in respect thereof and any amount payable to the Director under any Agreement of Sale of Livestock and Equipment, Agreement of Sale of Permanent Improvements, no conveyance or transfer shall be given by the Director to the Veteran during a period of 10 years from theblank line day ofblank line, 19blank line, which is the effective date of this Agreement for the purposes of subsection 11(4)(a) of the Act, and thereafter only if the Veteran has complied with the terms of this Agreement for the said 10-year period.

4. The Veteran immediately upon the execution of this Agreement shall have the right of possession of the said land and he agrees forthwith to enter into occupation of the said land, and, save with the approval of the Director, to reside thereon during the continuance of this Agreement.

5. The Veteran agrees that he will not lease the said land during the first 10-year period from the effective date of this Agreement and thereafter only with the permission of the Director, and that the Director, his officers, agents and employees, may at any and all times enter upon the said land, or any part thereof, to view the state of the buildings and of the cultivation and to inspect the farming operations.

6. The Veteran agrees that he will in a good and husbandmanlike manner, in each and every farming season during the continuance of this Agreement, break, cultivate, seed and crop the said land or such portion thereof as may from time to time be expedient in good farming operation of the said land, and that instructions as to cultural practices or management given by the duly authorized representative of the Director shall be observed.

7. It is agreed between the parties hereto that all buildings and any appurtenances thereto now on, or which may be erected or constructed on, the said land shall be a part of the freehold, and shall not be removed or destroyed without the previous permission of the Director in writing, and the Veteran agrees that he will keep and maintain the said land, buildings and any and all appurtenances, and all fixtures and things thereto belonging in good and substantial repair and in a tidy and clean condition, damage by fire, lightning and tempest only excepted, and that he will permit any agent of the Director at any time during the currency of this Agreement to enter and view the state of repair and cleanliness, and further, that he will promptly repair and clean according to notice and fulfill any further requirements which the Director may deem necessary, and in default of his compliance with any such notice as aforesaid, the Director may enter upon the property and effect such work as he may deem necessary and all costs so incurred by the Director shall be repaid by the Veteran on demand with interest at the rate ofblank line per annum from the time of such payment by the Director and until so repaid the amount of such payment shall be added to the purchase price of the said land.

8. The Veteran agrees that, save with the approval of the Director, during the continuance of this Agreement no building or buildings, booth, or structure of any kind whatsoever shall be erected on the premises, or additions or alterations made to existing buildings. The Veteran also agrees that he will not exercise or carry on or permit to be exercised or carried on in or upon the said land any form of trade, business or undertaking likely to be obnoxious to the occupiers or owners of the adjoining lands.

9. The Veteran covenants that he will commit no waste on the said land and that he will not, without the consent of the Director in writing, cut any wood or timber therefrom except a quantity sufficient for fuel and fencing for actual and necessary use thereon, and for buildings to be erected thereon.

10. The Veteran agrees that he will forthwith insure and keep insured, during the continuance of this Agreement, against loss or damage by fire, tempest and flood to the extent of the full insurable value, in an Insurance Company approved by the Director, all buildings now erected, or which may hereafter be erected, on the said land, and will not do or suffer anything whereby any insurance policy or policies may be vitiated, and will pay all premiums and sums of money necessary for such purpose as the same become due, and will assign to the Director the proceeds of the insurance policy or policies and have attached to the policy or policies the Special Loss Payable Clause as prescribed by the Director. When so required by the Director, the Veteran shall deliver to the Director the policy or policies of insurance and renewal receipt or receipts thereto appertaining. Where the Veteran neglects to keep insured the said buildings or any of them, or to attach the Special Loss Payable Clause as above required, or to pay the premiums, or, when so required by the Director, fails to deliver the policy or policies and renewal receipts to the office of the Director for the region within which the land is situated at least three days before the insurance then existing shall expire, then the Director may insure the said buildings and all moneys so expended by the Director shall be repaid by the Veteran on demand with interest at the rate ofblank line per annum computed from the time of advancing the same and in the meantime the amount of such payment shall be added to the purchase price of the said land. The Veteran agrees on the occurrence of loss or damage to furnish forthwith at his own expense all the necessary proofs and do all the necessary acts to enable the Director to obtain payment of the insurance moneys and that all moneys received by the Director by virtue of any policy shall be disbursed or applied to the Veteran’s account by the Director in accordance with the Act.

11. (1) The Veteran hereby agrees that in addition to paying the monthly payment set out in Clause 2, the Veteran will pay to the Director each month an amount equal to one-twelfth of the estimated annual rates, taxes and assessments (hereinafter referred to as “taxes”), that have been or may be levied or imposed upon or in respect of the said land and improvements thereon for the current year estimated by the Director as hereinafter provided.

(2) The said monthly payment and the monthly payment on account of taxes shall be combined into one monthly payment and such combined monthly payment shall be paid on the payment dates set out in Clause 2 and shall be applied, firstly, in payment of amounts due and payable to the Director, exclusive of taxes, and secondly, as a tax credit but the amount held by the Director to the credit of the Veteran as a tax credit shall at all times be subject to the payment therefrom of all amounts otherwise due and payable to the Director.

(3) The Veteran shall transmit the tax bill(s) to the Director at least 10 days before the date on which the taxes or any instalment thereof are due and payable.

(4) Where the Director receives any tax bill(s) as provided in subclause (3) he shall, on or before the due date, pay out of any money held to the credit of the Veteran as a tax credit such amount of taxes as may from time to time be due and payable, provided always that the Director shall not be obligated to pay any taxes on or before the due date where the tax bill is not received by him at least 10 days before the due date as required under subclause (3).

(5) The Veteran further agrees that in the event the taxes in any year exceed the amount held by the Director to the credit of the Veteran as a tax credit the Director may pay at any time or times the amount by which the taxes exceed the amount held by the Director as a tax credit and any amount so paid by the Director shall be repaid by the Veteran on demand with interest at the rate ofblank line per annum from the date of the payment of such amount by the Director, and until the date of repayment by the Veteran such amount shall be added to the purchase price of the land.

(6) Upon receipt by the Director of the tax bill(s) required to be delivered to him pursuant to subclause (3), or at any other time at his discretion, the Director shall estimate for each ensuing year the amount of annual taxes and shall advise the Veteran in writing when any change is required, of the amount of the new monthly tax payment and the combined monthly payment for the ensuing 12-month period.

(7) At the time of execution hereof, or at any time thereafter upon written notice to the Veteran, the Director may, in lieu of the method of payment of taxes set out in subclauses (1) and (2), request the Veteran to pay the taxes for any year or number of years during the continuance of this Agreement direct to the taxing authorities and the Veteran agrees that upon receipt of such request he will pay the taxes punctually and regularly and deliver receipts for those taxes to the Director prior to the 31st day of December in each year.

(8) During any period that the Veteran is, under subclause (7), required to pay taxes direct to the taxing authorities, subclauses (1) to (6) are deemed not to be included in this Agreement.

(9) Where the Veteran is required to pay taxes pursuant to subclause (7) and fails or neglects to pay such taxes or any portion thereof by the date or dates on which such taxes or any portion thereof fall due, the Director may pay any arrears of taxes and all money so expended by the Director shall be repaid by the Veteran on demand with interest at the rate ofblank line per annum from the date of the payment of taxes by the Director, and until the date of repayment by the Veteran the amount of such payment shall be added to the purchase price of the said land.

12. It is agreed that if the Veteran sells or attempts to sell or otherwise dispose of the whole or any part of the said land, or if the Veteran, save with the approval of the Director, fails to remain in actual and personal possession and occupation of the said land, or if he fails to cultivate the said land in a good husbandmanlike manner as provided by the Agreement, or fails to pay promptly any payment hereinbefore mentioned when the same falls due, or fails to comply with any covenant or condition contained in this Agreement, the Director may, subject to the provisions of the Veterans’ Land Act and the Regulations made thereunder, without any formal re-entry or retaking and without resort to proceedings in equity or at law, rescind this Agreement. The effect of such rescission shall be to vest the said land in the Director absolutely free and discharged of all rights and claims of the Veteran and of all persons claiming or entitled to claim through him for any estate in, or lien, charge or encumbrance upon or against the said land.

13. The Veteran agrees that until the Director grants or conveys the said land to him, the Veteran shall hold or occupy the said land as a Tenant at Will.

14. It is agreed that upon punctual payment by the Veteran of all moneys herein by him agreed to be paid and subject to performance of all and singular the aforesaid provisions, conditions and agreements he shall be entitled to a conveyance of the said land free from all encumbrances other than such as may have resulted through the act or neglect of the Veteran, but subject nevertheless to all reservations, limitations, provisos and conditions contained or expressed in the title held by the Director.

15. Wherever the singular or the masculine is used throughout this Agreement, it shall be construed as including the plural or feminine wherever the context so requires, and the expression “Veteran” shall include the heirs, devisees and personal representative of the Veteran, and the expression “Director” shall include the successors and assigns of the Director.

16. Any assignment of this Agreement shall not be valid.

17. It is expressly agreed between the parties hereto that time shall be of the essence of this Agreement.

18. It is agreed that the Veteran may at any time, without giving notice or paying a bonus, pay the whole or any part of the moneys herein agreed to be paid.

19. In the event this Agreement is rescinded as hereinbefore provided, all moneys theretofore paid by the Veteran shall be retained by the Director, excepting as otherwise provided in the Veterans’ Land Act.

IN WITNESS WHEREOF the Director has authorized to be hereunto affixed his corporate seal and his name to be signed, and the Veteran has hereunto set his hand and seal and designated the undernamed place as his post office address.

WITNESS:

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As to execution by the Director

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Director

(Seal)

blank line

As to execution by the Veteran

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Signature of Veteran

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Post Office Address

AFFIDAVIT TO BE TAKEN BY WITNESS TO AGREEMENT

I,blank line
Province

{

of theblank line ofblank line in the
ofblank lineProvince ofblank line

blank line

(Occupation of Witness)

make oath and say as follows:

1. THAT I was personally present and did see the within Agreement and duplicate duly executed by blank line

blank line

(Full Name of Veteran)

one of the parties thereto.

2. THAT I know the said party and that he is of the full age of twenty-one years.

3. THAT the same was executed atblank line in the Province aforesaid and that I am a subscribing witness to the within Agreement and duplicate.

SWORN before me at theblank line
of blank line, in the Province of
blank line, this blank line day of

}

blank line

(Signature of Witness)

blank line, A.D. 19blank line
blank line

Notary Public, Justice of the Peace, Commissioner for Oaths, or Authorized for this purpose under the Veterans’ Land Act.

 
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