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SOLICITOR’S INTERIM REPORT/REQUISITION FOR FUNDS FAX THIS COMPLETED FORM TO THE NUMBER SET OUT IN YOUR INSTRUCTIONS, AT LEAST 4 BUSINESS DAYS PRIOR TO THE DATE FUNDS ARE REQUIRED. FIRSTLINE Reference Number:

Mortgagor(s): Civic address of property mortgaged, including postal code

Brief legal description of property

Name, address and telephone number of Municipal Tax Office

Roll No.:

Annual Tax Amount: $ Gross Annual Tax Amount (B.C. only): $

Solicitor’s Trust Account Data (information must be entered):

Name of Bank/Trust Co: Bank Number (3 digits): Transit Number (5 digits): Trust A/C Number: Trust A/C Name:

“IN TRUST” or, make cheque payable for pickup at our office to:

“IN TRUST”

Interest Rate: Loan Portion:

%

Line of Credit Portion:

Interest Adjustment Date (Loan Portion): Maturity Date(Loan Portion): Total Mortgage Amount: $ Line of Credit Amount Requisitioned: $ Payment Amount (P&I): $

Date funds required: Guarantors (if any)

%

OPTION 1 THE UNDERSIGNED HEREBY CERTIFIES THAT WHEN THIS ADVANCE IS MADE:

  • (1)

    All tax and utility bills issued up to the Mortgage Advance will have been paid in full.

  • (2)

    The Mortgagor(s) will have executed a mortgage in accordance with your instructions and Mortgage Approval.

  • (3)

    The funds representing the principal amount secured by the Mortgage are to be disbursed within 3 business days of my receipt of the funds.

  • (4)

    When the funds are disbursed, the Mortgagor will have a good and marketable title, free and clear of all judgments, executions, charges and other liens except for the above Mortgage and you will have a valid first charge against the property mortgaged.

  • (5)

    Details of fire, hazard and other insurance as specified in your Instructions to Solicitor will have been verified.

  • (6)

    Your requirements with respect to Guarantors and the taking of collateral security as defined in your Mortgage Approval and your Instructions to Solicitor will have been met.

  • (7)

    Unless otherwise recorded below, all registered restrictions, building/ zoning bylaws and statutes or regulations of any provincial or other competent authority will have been complied with and there are no easements, encroachments, encumbrances or other qualifications (including taxes) EXCEPT as noted below. You were informed of these matters prior to this report and these were accepted by you. They are detrimental neither to your security nor to the marketability of title. (PARTICULARS OF EXCEPTIONS – attach separate sheet).

  • (8)

    All requirements in the Instructions to Solicitor relating to ascertaining the identity of all mortgagors and guarantors will have been met. If required by the Mortgage Approval, the fully completed IVF will be faxed to you before funds are disbursed.

OPTION 2 (Title Insurance Option) THE UNDERSIGNED HEREBY CERTIFIES THAT WHEN THIS ADVANCE IS MADE:

  • (1)

    The property will be title insured by the title insurance company set out below without any exceptions or qualifications by the title insurance company.

  • (2)

    All requirements in the Instructions to Solicitor relating to title insurance and ascertaining the identity of all mortgagors and guarantors will have been met. If required by the Mortgage Approval, the fully completed IVF will be faxed to you before funds are disbursed.

Name of title insurance company

Individual title insurance policy number

OPTION 3 (Western Law Societies Conveyancing Protocol Option) THE UNDERSIGNED HEREBY CERTIFIES THAT WHEN THIS ADVANCE IS MADE:

  • (1)

    This transaction is a transaction to which the Western Law Societies’ Conveyancing Protocol applies.

  • (2)

    All of the items under the above Option 1 will have been met.

  • (3)

    We have complied with the Western Law Societies’ Conveyancing Protocol ([INSERT PROVINCE]) in the conduct of this transaction, and have acted in accordance with your Instructions to Solicitor (which are incorporated herein) with respect to the mortgage described above. Subject to any qualifications noted below, which have been accepted by you, it is our opinion that the mortgage can now be funded and the funds disbursed.

PARTICULARS OF EXCEPTIONS/QUALIFICATIONS IF ANY (applies to ALL Options)

Existing Property

New Construction

Enclosures:

PAD Form (signed by mortgagor(s)) Void cheque or Bank Generated Account Validation Form (if the latter, it must be stamped by the financial institution where the account is held) IVF (fully completed and signed) Signature Card (Matrix Mortgage and FirstLine of Credit only)

Name of Law Firm:

Name of Solicitor:

Name of Paralegal:

Tel. No.: Date:

Fax No.:

__________________________________________ Signature of Solicitor only

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