Lakeside WI Tweedsmuir Community History, Volume 16, 1986-89, p. 17

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1 ie ~0ual VUxXToOrd tarm famil icted By Heather Buchanan When the police and trust Bonne DeBoer and his famiâ€" â€" company officials arrived earâ€" ly watched on March 6 as ly on March 6, the two sons eight years of their lives came _ and their wives were the only f to a sad close with the _ ones at the farm. Eric and his foreclosure of their farm wife, Nancy, 26 refused to north of Lakeside. leave and had to be physically § For DeBoer and his two removed. sons, Steve, 39 and Eric, 30, Eric was taken away by the the last year has been one fill OPP and charged with sn ed with some relief, but mostâ€" trespassing. His brother ly sad memories. Steve and his wife, Monica, § The family‘s farm operaâ€" 27, went to the end of the tion, once vaKJed at $1 million driveway when ordered to n 1982, had shrunk con _ leave by the police. siderably as first the Canaâ€" Steve said> friends and P dian Imperial Bank of Comâ€" . neighbours who had been at merce (CIBC) moved in on the _ the farm offering support the DeBoer‘s grain elevators and previous day intended to several other farm properties, return to provide a united and then Municipal Savings front to pofice and the comâ€" and Loan from Barrie pany. But the OPP arrived presented a notice of eviction _ early at 7:30 a.m. on the elder DeBoer‘s home He said on Monday, March and 210 acreâ€"property. 2, that there‘s still a possibiliâ€" While tfie previous ty an agreement might be foreclosure by the CIBC on reached. The DeBoers iad ofâ€" the 3,400â€"acre (rented land inâ€" fered the company $275,000 . cluded) cash crop operation for the property. was difficult, the family were Steve said $330,000 was f > at deast guaranteed personal owing on the farm in spring releases, Bonne said. _ 1986 when they missed their ‘"‘The Canadian Imperial gayment. The reason was the Bank of Commerce got the foreclosure by the CIBC. The : farm and we got our personal trust company is now claimâ€" releases. We lost a lot of ing the amount is $403,000. money and so did the bank. At the time the Canadian s Thefl were prepared to take Imperial of Commerce refusâ€" the loss and so were we," said ed to continue the farm‘s Bonne, 66, who has farmed in large operating loan, the the area since 1962. DeBoers were solvent with no Steve, who at 14 left school outstanding bills with to work the farm, said the creditors. family had not wanted to "In 1985, before depreciaâ€" draw attention to their plight. tion, we made a little over It was after an angry $200,000, but the bank disagreement with trust comâ€"â€" panicked because of the pany officials as the family operation‘s size,‘"‘ said Bonne. were removing belongings ‘"It was the situation in the from the property that spark United States and Europe ed the decision to stay on the that caused them to decide to > farm. close us down."‘ ‘‘"We wanted to do everything the way Municipal ‘Immorally wrong‘ Savings and Loan wanted so Shortly before noon, after that we might have an opporâ€" â€"consultation with family and tunity to negotiate some kind friends, Bonne thanked a 7 of settlement. But they aren‘t group of supporting local + interested in settling," said â€" farmers standing at the end of Steve. (Continued On Page 2) y y \ N

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