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Firstline Matrix Deed 2014/09 DEED OF HYPOTHECARY LOAN On this day of,. Before Mtre., a Notary for the Province of Québec practising in. APPEARED: (sometimes referred to in this Deed as the borrower or as you. The word your also refers to the borrower). (referred to in this Deed as co-borrower non-owner ). AND: CIBC MORTGAGES INC., doing business as FirstLine Mortgages, a loan company under the Trust and loan Companies Act of Canada by virtue of Letters Patent of Continuance and Amending Letters Patent and having its head office at 33 Yonge Street, Suite 700, Toronto, Ontario, M5E 1G4, and its principal place of business at 1155 René-Lévesque Blvd. West, Suite 600, Montreal, Québec, H3B 3Z4, and represented by, its, who is authorized to act for it. (sometimes referred to in this Deed as the lender or as we or us. The word our also refers to the lender). Notice of address is registered as follows: Registration Division Number WHO HAVE AGREED TO THE FOLLOWING: 1. Loan agreement 1.1 Principal Amount We agree to lend you the principal amount of dollars ($) (the Principal Amount ). The terms and conditions contained in the [Revised] Hypothec Approval dated and delivered to you by us, as same may have been amended from time to time (the Approval ), will continue to apply to this hypothecary loan, even after this Deed is signed. If there are any conflicts between any provision of this Deed and any provision of the Approval, the provisions of this Deed will prevail, provided that the inclusion of supplemental provisions, rights or remedies in our favour or supplemental obligations for you, whether in the Approval or in this Deed, are not considered to be in conflict. The term hypothecary loan includes the Principal Amount and any increase, amendment, extension, renewal or replacement to it. The term Deed includes this deed of hypothecary loan and its schedules, as well as any amendment, replacement or renewal. 1.2 Loan Amount For the purposes of this Deed, the terms Loan and Loan Amount include individually and collectively, the following terms: Loan means the amount of money advanced to you under this hypothecary loan at a fixed rate of interest or at a floating rate of interest based on the CIBC Prime Rate as shown in section 2.1 of this Deed. If the Loan has a fixed rate of interest, it is referred to as the Fixed Rate Loan. If the Loan has a floating rate of interest based on the CIBC Prime Rate, it is referred to as an Adjustable Rate Loan. Loan Amount means the amount of money you owe at any given time under the Loan.

- 2 - Initial Loan Amount is the amount of money advanced to you under the Loan. Line of Credit means the Line of Credit secured by this Deed on which interest is payable at a floating rate of interest based on the CIBC Prime Rate. The credit limit of the Line of Credit at any given time is equal to the Principal Amount less the Loan Amount. The term CIBC Prime Rate means the annual variable reference rate of interest that Canadian Imperial Bank of Commerce ( CIBC ) declares from time to time as its prime rate for Canadian dollar loans made by CIBC in Canada. The CIBC Prime Rate can change at any time. You can find out what the CIBC Prime Rate is on any given day by calling us toll free at 1-800-970-0700 in Canada or by visiting our web site at (w ww.firstline.com). Line of Credit Amount means the amount of money you owe at any given time under the Line of Credit. Line of Credit Debt means all your present and future debt to us in connection with the Line of Credit. This debt could include interest, service charges and other amounts payable under the Line of Credit as stated in the Deed. Total Debt means the total of the following amounts: the Principal Amount; interest as required by this Deed; interest on unpaid interest; and all other amounts that you must pay under this Deed. 1.3 Maximum amount secured The maximum amount secured under this Deed is the Total Debt. 1.4 Continuing security (applies to the Line of Credit) Your security under this Deed, whether or not it secures a revolving or fluctuating balance, is continuing security for the Line of Credit Debt even if any of the following occurs: there is any change in the amount or nature of the Line of Credit Debt or any accounts relating to the Line of Credit Debt; or the Line of Credit Amount is reduced to zero. This means that the hypothec will not be considered to have been discharged if either of these occurs. 1.5 Accessing your Line of Credit You can access the Line of Credit in a variety of ways, including cheques, internet banking, telephone transfers and by pre-authorized debit. All cheques or withdrawals may only be in Canadian funds. All transfers of funds from the Line of Credit to any other account are treated as increases to the Line of Credit Amount. Transfers can be made to another account with CIBC, its affiliates, or any other entity. Funds withdrawn on the Line of Credit through internet or electronic banking will be withdrawn on the date you instruct us to withdraw the funds. Not all financial institutions process electronic transactions within the same time period. As a result, you should give withdrawal instructions several business days before the date you wish funds to be transferred to another account. We will not be responsible for processing delays by other financial institutions. 1.6 Multiple Loans You cannot have multiple Loans secured by this hypothec. 2. Interest 2.1 Interest on the Loan [OPTION 1: APPLIES ONLY TO A FIXED RATE LOAN. INSERT THE FOLLOWING TEXT AND REMOVE OPTION 2.] The annual rate of interest for the Fixed Rate Loan is. Interest is payable on each regular payment date (as defined below).

- 3 - Interest is compounded semi-annually, not in advance. Interest is calculated on each regular payment date. Although the annual interest rate is based on a full year, if the hypothecary loan is prepaid or paid off in February of a leap year, daily interest will be calculated on the basis of a 29-day month. Interest is payable on the Loan Amount at this rate until the Loan Amount has been totally paid, both before and after the balance due date (as defined below), before and after default, and before and after we obtain any court judgment against you. Interest is calculated half-yearly, not in advance, within the meaning of the Interest Act (Canada). If you do not make the regular hypothecary loan payment or any other payment when required, we will charge interest on all overdue amounts, including unpaid interest. The rate we will use is the rate shown in this section 2.1 for the Fixed Rate Loan and is payable both before and after the balance due date, before and after default, and before and after any court judgment we obtain against you. If we demand, you must pay us this additional interest immediately both before and after the balance due date, before and after default, and before and after any court judgment we obtain against you. [OPTION 2: APPLIES ONLY TO AN ADJUSTABLE RATE LOAN. INSERT THE FOLLOWING TEXT AND REMOVE OPTION 1.] The annual rate of interest for the Adjustable Rate Loan is variable. It will be equal to the CIBC Prime Rate in effect at any given time plus/minus #.###% per annum. The term CIBC Prime Rate means a fluctuating interest rate equal at all times to the reference rate of interest (however designated) of CIBC for determining interest chargeable by it on loans in Canadian dollars made in Canada. As of the date of this Deed, the CIBC Prime Rate is #.###% per annum and the interest rate for the Adjustable Rate Loan is therefore #.###% per annum. The CIBC Prime Rate may change between the date of this Deed and the date we advance funds to you and therefore the interest rate for the Adjustable Rate Loan may also change. The interest rate in effect at any particular time for this hypothecary loan is called the current hypothecary loan rate. The principal and interest Loan payment will be recalculated every time the CIBC Prime Rate changes, based on the current hypothecary loan rate and the remaining amortization period of the hypothecary loan. Interest is compounded semi-annually, not in advance. Interest is calculated on each regular payment date. Although the annual interest rate is based on a full year, if the hypothecary loan is prepaid or paid off in February of a leap year, daily interest will be calculated on the basis of a 29-day month. Interest is payable on the Loan Amount at this rate until the Loan Amount has been totally paid, both before and after the balance due date (as defined below), before and after default, and before and after we obtain any court judgment against you. The interest rate will change automatically every time there is a change in the CIBC Prime Rate. These changes will occur without you being notified. Within a reasonable time after each change in the CIBC Prime Rate, we may send you a letter telling you the current hypothecary loan rate, and the date it became effective, and if applicable, the new principal and interest Loan payment amount. We will mail this letter to the address we have on file for you. The interest rate will still vary whether or not we have sent you a letter about the change and whether or not you have received the letter. However, if we do send you the letter, we may continue to accept or process the same payment amount that we processed before the change in the CIBC Prime Rate until a reasonable time after the letter was sent to you. You can find out what the CIBC Prime Rate is on any given day by calling us toll free at 1-800-970-0700 in Canada or by visiting our web site at (w ww.firstline.com). Interest is calculated half-yearly, not in advance, within the meaning of the Interest Act (Canada). If there is a need to prove the CIBC Prime Rate in effect at any time, you agree that a certificate from us stating the rate will be considered as conclusive evidence of the rate in effect at that time. 2.2 Interest on the Line of Credit The interest rate on the Line of Credit will be the CIBC Prime Rate, plus or minus #.##% per annum. The CIBC Prime Rate will vary from time to time. The principal and interest payment will be recalculated every time the CIBC Prime Rate changes, based on the current hypothecary loan rate and the remaining amortization period of the hypothecary loan. The interest rate will change automatically every time there is a change in the CIBC Prime Rate. These changes will occur without you being notified.

- 4 - You can find out what the CIBC Prime Rate is on any given day by calling us toll free at 1-800-970-0700 in Canada or by visiting our web site at (w ww.firstline.com). Because the interest rate on your Line of Credit will change from time to time, the interest rate in effect at any given time is called your current hypothecary loan rate for the Line of Credit. Interest is payable monthly and is compounded monthly based on the daily balance of your Line of Credit Debt. Although the annual interest rate is based on a full year, if the hypothecary loan is prepaid or paid off in February of a leap year, daily interest will be calculated on the basis of a 29-day month. We charge you interest on all amounts you borrow on your Line of Credit. We charge interest from the day we record the transaction until the day we receive the amount you owe. Interest is shown on your monthly statement. Interest that accumulates before we receive your payment will appear on your next monthly statement. You must pay interest both before and after any of the following events: we ask you to pay the amount you owe on your Line of Credit; you do not meet your obligations under this Deed; you become bankrupt or insolvent; you have any legal action taken against you or your property; or we obtain a court order instructing you to pay us the money you owe. The information under Section 1 of Schedule I of this Deed is provided to you since the interest rate charged on the Line of Credit may be expressed other than as a semi-annual calculation and because the interest rate may change from time to time. For each current hypothecary loan rate calculated monthly not in advance, you can find what the equivalent interest rate is calculated half-yearly not in advance. If there is a need to prove the CIBC Prime Rate in effect at any time, you agree that a certificate from us stating the rate will be considered as conclusive evidence of the rate in effect at that time. 2.3 Interest on amounts advanced to you before the interest adjustment date (applies only to the Loan) Interest on any part of the Loan that we advance to you before the interest adjustment date (as defined below), which is one payment period before the first regular payment date, will be calculated semi-annually not in advance at the rate shown in section 2.1 of this Deed, on the date of advance. The interest adjustment date is Month Day, Year (the interest adjustment date ). 2.4 Interest adjustment when payment frequency changes (Applies only to the Loan) If you are not in default under this Deed, you may change your payment frequency to any of the options available for your type of hypothecary loan at the time you make the change. If you choose to change your payment frequency, an interest adjustment amount and an administration and processing fee may be payable. You must pay the interest adjustment amount and any administration or processing fee immediately. If you do not pay these amounts, we may declare that you are in default under this Deed, or we may add the interest adjustment amount and administration or processing fees to the Loan Amount, or we may do both. 3. Payments on the Loan Amount 3.1 Currency and place of payment You will pay the Loan Amount to us in Canadian dollars at the address shown in this Deed. In some cases, we may write to you to tell you to send your payments to a different address. If we do this, you must send your payments to that different address. 3.2 Bank account for payments You must maintain a bank account that is satisfactory to us with a Canadian financial institution and give us authorization to automatically deduct each payment of principal, interest, taxes and any other optional services you have selected when they are due. You must make sure that the account always contains sufficient funds to meet each regular Loan payment (as defined below). If you don t maintain sufficient funds in the account, or if you cancel the authorization to deduct payments, or if you close the account, we will consider you to be in default under this Deed. In these cases, you agree to pay us immediately our administration and processing fees in effect at that time for any actions that we

- 5 - take. If you do not immediately pay us these fees, we may declare that you are in default under this Deed, or add these fees to the Loan Amount, or do both. 3.3 Regular payments and payments on the maturity date. You must make regular payments to us for the principal and interest on the Loan. The amount of each regular [Select one: weekly (on every Friday in each month), bi-weekly (on every second Friday in each month), semimonthly (on the 1 st and 15 th day of each month) or monthly (on the 1 st day of each month)] payment (the regular payment date ) is $ (the regular Loan payment ). The first regular payment is to be made on and the last payment is to be made on, which is the balance due date (the balance due date ). You must make these payments starting with the first regular payment date up to and including the last regular payment date. You must pay any outstanding balance of the Loan Amount on the balance due date. You agree to pay the Loan Amount as required under this Deed, and to meet all of your other obligations under this Deed, including paying all taxes on your property. You agree to make all payments required by this Deed in full, without delay, without making any set off, abatement, counterclaim or deductions, and without withholding any amounts. You agree not to cancel, offset or reduce any payments that you have made or that you are required to make. 3.4 Payments on amounts advanced to you before the interest adjustment date We may advance to you part of the Principal Amount of this hypothecary loan before the interest adjustment date. In this case, we will decide which of the following methods will be used to pay interest on the amount advanced to you before the interest adjustment date: we may ask you to pay the interest on this amount on the interest adjustment date; we may deduct the interest from your bank account on the interest adjustment date; we may deduct the interest from the remaining amount of the Loan that we advance to you; or we may deduct the interest from your bank account on the first Loan payment date. 3.5 Payment on default If you do not meet one or more of your obligations under this Deed, including your obligation to make payments, you must immediately pay to us all outstanding amounts. We also have the right to change your payment dates to once a month, and require you to pay principal and interest, taxes, and any other optional services you have selected on a monthly basis. If we do this, we may require you to pay interest up to the first day of the following month. You must pay this interest within 15 days of notice from us. If you do not, we will add this interest to the Loan Amount. We may also use any of our rights stated in section 11 below. 3.6 How we apply your Loan payments We will apply each regular Loan payment we receive from you in the following order: 1. To bring into good standing any accounts related to the hypothecary loan for which we are holding funds for payment to others, including tax accounts. 2. To pay for the cost of optional services made available by us and selected by you. 3. To pay any collection expenses or any applicable administration and processing fees. 4. To pay interest or reduce the interest (including deferred interest (if applicable), and any outstanding or late interest charges) on the Principal Amount accumulated up to, but not including, the payment date. 5. To reduce the Principal Amount. However, if you do not meet one or more of your obligations under this Deed, we may apply any payments or any other money we receive during the period of default in whatever order we choose. You can always contact us to find out the amount of interest in arrears at any time, if any. 3.7 Changing the amount of your Loan payments To qualify for increasing or decreasing your Loan payments, you must meet the following conditions:

- 6 - you must have met and performed all your obligations under this Deed; your property must contain no more than four living units, or be a single residential condominium unit; and no part of your property may be used for commercial, industrial or other non-residential purposes. These privileges are non-cumulative. This means that you cannot carry forward unused allowable increases or decreases in payments to future hypothecary loan years. [OPTION 1: APPLIES ONLY TO A FIXED RATE LOAN. INSERT THE FOLLOWING TEXT AND REMOVE OPTION 2.] Each hypothecary loan year, you have the privilege of increasing the amount of your regular Loan payment by up to 25% of the amount of your original Loan payment without paying a prepayment charge. The original Loan payment amount for principal and interest is shown in section 3.3 of this Deed. Once each hypothecary loan year you may also decrease the amount of your regular Loan payment, but only if the amortization period for the hypothecary loan which results from that decreased payment amount does not exceed the remaining amount of time left in the original amortization for the Loan. For the purposes of this Deed, hypothecary loan year is the 12-month period starting on the interest adjustment date and each anniversary of the interest adjustment date after that. In all cases, your payment for principal and interest on the Loan may never be less than your original Loan payment for principal and interest. [OPTION 2: APPLIES ONLY TO AN ADJUSTABLE RATE LOAN. INSERT THE FOLLOWING TEXT AND REMOVE OPTION 1.] Each hypothecary loan year you have the privilege of increasing the amount of your regular payment to any amount, without paying a prepayment charge, as long as the resulting amortization period is not less than five years. Once each hypothecary loan year, you may also decrease the amount of your regular payment as long as the resulting amortization period is not longer than the remaining time left in the original amortization period. 3.8 Prepaying your Loan without paying a prepayment charge Each hypothecary loan year, you may prepay up to 20% of the Initial Loan Amount without paying a prepayment charge. The following conditions apply: you may only make a prepayment on a regular Loan payment date; the minimum prepayment is $100.00; if you do not use any or all of this privilege in a hypothecary loan year, you cannot carry forward any unused portion of the privilege to a future hypothecary loan year; this right of prepayment without paying a prepayment charge does not apply if you prepay the entire Loan Amount, even if you have not used this privilege in the hypothecary loan year when the Loan Amount is paid off; you must have met and performed all your obligations under this Deed; your property must contain no more than four living units or be a single residential condominium unit; and no part of your property may be used for commercial, industrial or other non-residential purposes. 3.9 Maturity date of your Loan You must pay the balance of this hypothecary loan on Month Day, Year (the maturity date ). The maturity date is the date on which this hypothecary loan matures and the Total Debt must be paid to us in full or be the subject of a renewal.

- 7-3.10 Prepaying your Loan with prepayment charges If you want to prepay more than the 20% allowed in any hypothecary loan year, a prepayment charge will apply. Prepayment charges will be payable in addition to regular interest at the rate specified in section 2.1 of this Deed and, where applicable, interest in connection with payments we have not processed between the date on which you made your last regular payment and the prepayment date. (i) Ordering the hypothecary loan payout statement If you want to prepay the entire outstanding Loan Amount, you can ask us to provide you with a statement of the amount required to pay off your Loan Amount. You can specify the date you wish to make the full prepayment. However, the date you select cannot be more than 30 days after the date you ask us to prepare the statement. The date you choose is called the statement effective date. We will not process any hypothecary loan payments, or any other payments that we receive, between the date we prepare the hypothecary loan payout statement and the statement effective date. We will charge you interest on accrued interest and on any amounts we do not process during this time, including your regular Loan payments. Note that the interest on accrued interest for payments and amounts not processed during this time will be charged in addition to regular interest at the rate specified in this Deed. If you do not pay off your Loan on the statement effective date, we will, within 60 days following the statement effective date, process all Loan payments, and any other payments, that we did not process between the date we prepared the Loan payout statement and the statement effective date. (ii) After the end of the fifth year of your hypothecary loan If the term of your Loan is greater than five years and you are not a corporation, you may prepay the entire outstanding Principal Amount of the Loan at any time after the end of the fifth year of the term. In this case, you agree to pay us a prepayment charge equal to three months interest on the amount you prepay. Interest costs will be calculated at the interest rate specified in section 2.1 of this Deed. (iii) Before the end of the fifth year of your hypothecary loan To take advantage of any of the following prepayment privileges, the following conditions apply: you must have met and performed all of your obligations under this Deed; your property must contain no more than four living units or be a single residential condominium unit; and no part of your property is used for commercial, industrial or other non-residential purposes. (iv) Prepayment charge calculation [OPTION 1: APPLIES ONLY TO A FIXED RATE LOAN. INSERT THE FOLLOWING TEXT AND REMOVE OPTION 2.] If you want to prepay more than the 20% allowed in any hypothecary loan year, a prepayment charge will apply. This prepayment charge will be payable in addition to regular interest at the interest rate for the Loan specified in this Deed and where applicable, interest in connection with payments we have not processed between the date on which you made your last regular Loan payment and the prepayment date. The prepayment charge will be the higher amount of the following two amounts: three months interest costs on the amount that is subject to a prepayment charge, calculated at your existing annual Loan interest rate, plus any discount you received on your existing annual Loan interest rate; or the interest rate differential amount, which is explained below. If you are making a partial prepayment that is more than the 20% allowed in any hypothecary loan year, the prepayment can only be made on a regular payment date. For partial prepayments, the interest rate differential amount is the difference between the following two amounts: 1. The interest costs on the amount you are prepaying that is subject to a prepayment charge, calculated over a period of time equal to the period of time from the prepayment date to the maturity date of your Loan. Interest is calculated at your existing annual Loan interest rate, plus any discount you received on your existing annual Loan interest rate. Interest is compounded semi-annually, not in advance, and is calculated using your principal and interest payment amount in effect at the time you prepay.

- 8-2. The interest costs on the amount you are prepaying that is subject to a prepayment charge, calculated over a period of time equal to the period of time from the prepayment date to the maturity date of your Loan at the interest rate posted by us on the date of prepayment for the type of product described in the chart below. Interest is compounded semi-annually, not in advance, and is calculated using your principal and interest payment amount in effect at the time you prepay. Use the chart below to find out what interest rate would apply in your case: If the length of time between the prepayment date and the maturity date of your Loan is: Less than 9 months 9 months or greater and less than 18 months 18 months or greater and less than 30 months 30 months or greater and less than 42 months 42 months or greater and less than 54 months 54 months or greater and less than 78 months 78 months or greater and less than 102 months 102 months or greater and less than 150 months 150 months or greater and less than 180 months We will use the posted interest rate charged by us on the date of prepayment for: FirstLine Mortgages Auto 6 Plus mortgages FirstLine Mortgages Auto 12 Plus mortgages 2 year FirstLine Mortgages Matrix Fixed Rate Loans 3 year FirstLine Mortgages Matrix Fixed Rate Loans 4 year FirstLine Mortgages Matrix Fixed Rate Loans 5 year FirstLine Mortgages Matrix Fixed Rate Loans 7 year FirstLine Mortgages Matrix Fixed Rate Loans 10 year FirstLine Mortgages Matrix Fixed Rate Loans 15 year FirstLine Mortgages Matrix Fixed Rate Loans If you are prepaying the entire outstanding Loan Amount, the interest rate differential amount is the difference between the following two amounts: 1. The interest costs on the amount you are prepaying calculated over a period of time equal to the period of time from your last scheduled regular Loan payment date that is on or before the date of prepayment, whether or not it is actually paid, to the maturity date of your Loan. Interest is calculated at your existing annual Loan interest rate, plus any discount you received on your existing annual Loan interest rate. Interest is compounded semi-annually, not in advance, and is calculated using your principal and interest payment amount in effect on the date we prepare the payout statement. 2. The interest costs on the amount you are prepaying calculated over a period of time equal to the period of time from your last scheduled regular Loan payment date that is on or before the date of prepayment, whether or not it is actually paid,to the maturity date of your Loan. Interest is calculated at the interest rate posted by us on the date we prepare the payout statement for the type of product described in the chart below. Interest is compounded semi-annually, not in advance, and is calculated using your principal and interest payment amount in effect on the date we prepare the payout statement. Use the chart below to find out what interest rate would apply in your case: If the length of time between the statement effective date and the maturity date of your Loan is: We will use the posted interest rate charged by us on the date the Loan payout statement is generated for: Less than 9 months 9 months or greater and less than 18 months 18 months or greater and less than 30 months 30 months or greater and less than 42 months 42 months or greater and less than 54 months 54 months or greater and less than 78 months 78 months or greater and less than 102 months FirstLine Mortgages Auto 6 Plus mortgages FirstLine Mortgages Auto 12 Plus mortgages 2 year FirstLine Mortgages Matrix Fixed Rate Loans 3 year FirstLine Mortgages Matrix Fixed Rate Loans 4 year FirstLine Mortgages Matrix Fixed Rate Loans 5 year FirstLine Mortgages Matrix Fixed Rate Loans 7 year FirstLine Mortgages Matrix Fixed Rate Loans 102 months or greater and less than 150 10 year FirstLine Mortgages Matrix Fixed Rate

- 9 - If the length of time between the statement effective date and the maturity date of your months Loan is: 150 months or greater and less than 180 months We will use the posted interest rate charged by us on the date the Loan payout statement is generated for: Loans 15 year FirstLine Mortgages Matrix Fixed Rate Loans [OPTION 2: APPLIES ONLY TO AN ADJUSTABLE RATE LOAN. INSERT THE FOLLOWING TEXT AND REMOVE OPTION 1.] If you want to prepay more than the 20% allowed in any mortgage year, a prepayment charge will apply. If you are making a partial prepayment, the prepayment can only be made on a regular payment date. The prepayment charge will be equal to three months interest on the amount of your prepayment that is more than the 20% allowed in any hypothecary loan year. The interest costs will be calculated at the CIBC Prime Rate in effect on the date of prepayment. If you are paying the entire outstanding Loan Amount, the prepayment charge will be equal to three months interest on the total amount you are prepaying. The interest rate we will use to calculate the prepayment charge will be the CIBC Prime Rate in effect on the date we prepare the hypothecary payout statement. 3.11 Prepayments if the property has more than four living units or if the property is used for commercial, industrial or non-residential purposes If your property has more than four living units or is used in whole or in part for commercial, industrial or other non-residential purposes, then you have no prepayment rights. 3.12 Date of the hypothecary loan You agree that for purposes of defining the date of the hypothecary loan for any statutory right of prepayment, renewal or early renewal, the date of the hypothecary loan is the interest adjustment date shown in this Deed. This is the case even if this Deed or renewal agreement or early renewal agreement was signed on a different date. 4. Payments on the Line of Credit Amount 4.1 Currency and place of payment You will pay the Line of Credit Amount to us in Canadian dollars at the address shown in this Deed. In some cases, we may write to you to tell you to send your payments to a different address. If we do this, you must send your payments to that different address. 4.2 Bank account for payments You must maintain a bank account that is satisfactory to us with a Canadian financial institution and give us authorization to automatically deduct each payment of principal, interest, taxes and any other optional services you have selected when they are due. You must make sure that the account always contains sufficient funds to meet each regular line of credit payment (as defined below). If you don t maintain sufficient funds in the account, or if you cancel the authorization to deduct payments, or if you close the account, we will consider you to be in default under this Deed. In these cases, you agree to pay us immediately our administration and processing fees in effect at that time for any actions that we have to take. If you do not immediately pay us these fees, we may declare that you are in default under this Deed, or add these fees to the Line of Credit Amount, or do both. 4.3 Regular payments Until we demand payment of the total Line of Credit Debt, you must make regular monthly payments of interest only on the Line of Credit Amount (the regular line of credit payment ). The minimum payment is $50 plus service charges. If the Line of Credit Amount is less than $50, you must pay the entire Line of Credit Amount together with applicable services charges on the next regular line of credit payment date. You agree to pay the Line of Credit Amount as required under this Deed, and to meet all of your other obligations under this Deed, including paying all taxes on your property. You agree to make all payments required under this Deed in full, without delay, without making any set-off, abatement, counterclaim or deductions, and without withholding any amounts. You agree not to cancel, offset or reduce any payments that you have made or that you are required to make.

4.4 Additional payments - 10 - You can make additional payments on the Line of Credit Amount at any time. 4.5 Monthly statements For your information and convenience, monthly statements dated the 18th day of each month will be made available to you showing the required payment on the Line of Credit for the period covered by the statement. Each monthly payment is due 21 days after the date of the statement, whether or not you have accessed or received your monthly statement. If the payment due date is a holiday or weekend, the payment may, at our option, be processed on the next business day. You must report any errors or omissions on the monthly statement to us, in writing, within 30 days of the date of the statement. After that 30th day, the monthly statement will be final (except for any improper credits), and you may not make any claims against us in connection with the monthly statement. You must report to us immediately if your cheques or any card you use to access your Line of Credit are lost or stolen, or if you suspect that they have been lost or stolen. 4.6 How we apply your payments We may apply any money that we get to reduce your Line of Credit Debt as we see fit (unless you and we sign an agreement to the contrary) and any credit balance may, at our option, be applied to any other part of the Total Debt in the order shown in section 3.6 above. 4.7 Demand for payments We may demand that you repay the Line of Credit Amount at any time. If we do this, we will make demand either by delivering the demand to you personally or mailing it (by first class mail) to the address shown in our records. You will be considered to have received the demand letter on the date of delivery or the fifth day after we mail it. Your giving us this hypothec does not prevent us from using any other means to obtain repayment of the Line of Credit Debt. 4.8 If you fail to make a payment when it is due If at any time you do not pay any amount due under this Deed (whether for the Line of Credit or the Loan) or fail to meet any of your obligations under this Deed, we may, at our discretion: refuse to advance any further credit under the Line of Credit; refuse any withdrawal on the Line of Credit; cap the Line of Credit Amount; and convert the Line of Credit Amount into the Loan. If a withdrawal would exceed the Principal Amount less the Loan Amount we may refuse the withdrawal on the Line of Credit or require immediate repayment of the amount that is more than the Principal Amount less the Loan Amount. If you do not make a payment when it is due or do not meet any of your obligations in this Deed, in addition to interest, we may impose charges for the purpose of recovering any reasonable costs we incur for the following: for legal services retained to collect or attempt to collect the payment; in realizing on any security interest or in protecting such security interest, including the cost of legal services retained for that purpose; and any service charges. You must pay us these amounts immediately. If you do not, we may (i) declare that you are in default on your Line of Credit, or (ii) add these amounts to the Line of Credit Amount, or (iii) do both. 4.9 Service Charges You will pay applicable service charges relating to your Line of Credit. Service charges may be changed from time to time and will be reflected on your monthly statement.

5. Hypothecs or prior claims - 11 - You agree to pay any claim that might rank prior to the hypothecs granted in this Deed when the claim is due. Until you have repaid the entire Loan Amount, you must obtain our agreement in writing to incur or permit any claim, lien, hypothec or charge of any kind whatsoever, ranking equal or prior to the hypothecs granted under this Deed. If, while any principal or interest remains unpaid, any lien, hypothec or charge is registered against the property or any action is taken to preserve such lien, hypothec or charge, you must free the property from the lien, hypothec or charge within 10 days. We have the right to pay the claim or to free the property of the lien, hypothec or charge. If we do this, you must pay us the amounts paid immediately. If you do not pay us these amounts payable immediately, we may declare that you are in default under this Deed, or add the amount and any applicable interest and fees to the Loan Amount, or do both. 6. Hypothec As security for the complete payment of the Loan Amount as well as the complete payment and performance of all obligations, confirmations and declarations, present and future, direct and indirect, under this Deed or any other document entered into with us, you hypothecate in our favour for the following aggregate amount, all of your rights, title and interests in the hypothecated property (as such term is defined below): Dollars ($) in lawful money of Canada (this sum is called the principal hypothec ), with an annual interest rate of twenty-five per cent (25%) to be calculated half-yearly not in advance; plus Dollars ($) in lawful money of Canada, being an amount equal to 20% of the principal hypothec, to secure any other amount you may owe us under the terms of this Deed, including costs incurred to recover the Principal Amount of this hypothecary loan and all interest and to recover or preserve the hypothecated property. The hypothecated property includes all rights, title and interests in the following: the immovable property or properties described in Schedule I, along with all property permanently physically attached or joined to it in order to ensure the utility of it (including the heating and air conditioning apparatus and watertanks) and which become immovable by the effect of law, as well as all rights, title and interests in and to the buildings and improvements located on such immovable property or properties (collectively, the property ); all sums received from you or from an insurer, guarantor, or other person under this Deed, and all sums held for you or on your behalf by any person, whether accumulated for a purpose as provided in this Deed or otherwise, and all proceeds, interest earned on these amounts and all securities and investments of them; all present and future movable property employed for the construction, development, use and operation of the property and located on it, corporeal and incorporeal, together with all substitutions, replacements, amendments to it and proceeds from it, and all books, papers, files, documents and agreements in any way evidencing or relating to the hypothecated property; all present and future leases, offers to lease, agreements to lease, concessions and other rights to occupy premises on the property and all present and future rent, additional rent, deposits, security deposits or any other deposits, revenues, other moneys, issues, benefits, rights or all profits, absolute or contingent derived or to be derived from the foregoing or the property, or other rights or contracts in respect of the property; all fruits and revenues emanating from the hypothecated property, including, without limitation, the proceeds of any sale, assignment, lease or other disposition of any of the hypothecated property, any claim resulting from such a sale, assignment, lease or other disposition, as well as any property acquired in replacement of it, with full power and authority to demand, recover, receive and give receipts for all such fruits and revenues; all present and future indemnities from time to time due or payable under insurance contracts with respect to the hypothecated property; and if the property described in Schedule I is a condominium unit, the following will also form part of the hypothecated property:

- 12 - all interest in the common portions or areas and any other interest in the assets of the syndicate of coowners; all rights to any fund maintained to meet common costs and expenses, including any contingency fund; all voting rights under the terms and conditions of the declaration of co-ownership; and all rights in the policy or policies of insurance maintained by the syndicate of co-owners and any payments under them. Any references in this Deed to the property or to the hypothecated property will include all or any part of such property or hypothecated property. The hypothecs granted under this Deed are security that continues despite any changes in the amount of the indebtedness or obligations secured under this Deed, and whether you have repaid all or part of the Total Debt, until cancelled by us in writing. Therefore, any future obligation secured under this Deed will be considered to be an additional obligation for which you will be deemed to have obligated yourself again under this Deed. You may borrow from us additional amounts to be secured under this Deed, provided that the total Loan Amount outstanding at any time plus any new borrowing never exceeds the Initial Loan Amount. You agree that we may refuse your request for additional borrowing for any reasons. The terms and conditions applicable to any additional borrowing will have to be established in a written agreement between you and us. Any additional amounts borrowed will also be secured under this Deed. The hypothecs securing any additional borrowing will have the same rank and will subsist, despite any reduction in such additional borrowing, until they are cancelled by us in writing. You agree to sign any document required to give full effect to the hypothecs granted in this Deed and to make sure that they can at all times be set up and rendered opposable against others. In particular, if we demand, you must sign any notice of renewal for the hypothecs granted under this Deed. 7. Declarations 7.1 Certificate of location You declare that the certificate of location prepared by, land surveyor, on describes the present state of the property and no change has been made to the property since that date. 7.2 Taxes You certify that no taxes, rates or assessments of any kind on the hypothecated property or that has been levied by any federal, provincial, municipal, ecclesiastical or school authority are unpaid and overdue, consolidated, or paid with subrogation. In this Deed, taxes include all taxes, assessments and levies of any kind and includes any interest and penalties, as well as penalties or costs associated with a cleanup following a fire, explosion or other destruction or damage. Examples of taxes include property taxes, whether general, or special taxes, municipal, local improvement assessments, school taxes, water, business and development charges and levies. 7.3 Repairs and alterations You declare and certify to us that no repairs, alterations, renovations or construction have been carried out on the property within the past six months without being paid in full. 7.4 Equipment and appliances You declare and certify to us that no equipment or appliance attached to the property is encumbered with any prior claim, hypothec, conditional sale contract, instalment sale contract, sale with right of redemption or resolution, or any other right. This includes, in particular, elevators, electric and household appliances, and heating, air-conditioning, ventilation or maintenance systems. You also declare and certify to us that all equipment and appliances belong outright to you and form an integral part of the property. This means they have lost their individuality and ensure the utility of the property or are permanently attached and physically joined to the property and ensure its utility.

7.5 Title to your property - 13 - You declare and certify to us that: you have valid title to the property and construction and work of permanent nature erected on the property; no rents have been assigned or hypothecated to anyone else; the hypothecated property is free of all charges, prior claims, hypothecs, rights or encumbrances, including legal hypothecs of a syndicate of co-owners, except those identified in Section 3 of Schedule I; the hypothecated property is not affected by any servitude or illegal view that has not been amended or corrected by a properly registered deed; and if you have acquired the property, and any construction and works of permanent nature on the property, by deed of sale, the deed of sale contains no resolutory clause of any kind. 7.6 Conflict of obligations You declare and certify to us that by signing this Deed and performing the obligations under this Deed: you will not be violating or defaulting on any terms of any other deed or document securing other debts you may have; and this Deed is not in conflict with any other deed or document you may have signed. 7.7 Changes in the contents of declarations You declare that you will notify us of any changes in the contents of the declarations you have made in this section. 8. Your obligations related to the hypothecated property 8.1 Protecting your title and our interest You will take any necessary action to protect your title to your property. You also agree not to interfere in any way with our interest in your property. You will maintain the hypothecated property free of any right, hypothec or security except to those we have agreed to in writing. You must provide us with any information we might reasonably request about the hypothecated property to verify whether you are meeting your obligations. You must notify us of any fact that might lower the value of the hypothecated property or of any change in your financial situation. 8.2 Use of the property You must not change the use of the hypothecated property unless we agree to it in writing. You must not allow the property to remain unoccupied or unused. 8.3 Demolition and alterations You will not demolish any building or structure, or part of any building or structure, on your property without first obtaining our written approval. You will not make any substantial alterations, additions or improvements to your property without first obtaining our written approval of your proposed plans for these changes. If we agree to let you make alterations, additions or improvements to your property, the following conditions apply: The work must be completed as quickly as is reasonably possible. The work must meet all government requirements and zoning and building by-laws and other standards that apply to your property. If we ask you to, you will give us proof that the work meets all government requirements and building standards.

- 14 - You will pay all costs associated with the work, and you will provide us with proof that all amounts that are owed for the work have been paid. You must retain all required holdbacks, unless we choose to do so. We may obtain a judgment allowing for the substitution of any legal hypothec with such other security approved by the Court. If we think it is necessary, we may provide financial guarantees or other security to obtain this judgment. If we do this, you must pay to us immediately all of our charges, costs and expenses related to this. If you do not, we may declare that you are in default under this Deed, or we may add these amounts to the Loan Amount, or we may do both. 8.4 Insurance (does NOT apply if your property is a single residential condominium unit) You must insure and keep insured all buildings, structures, fixtures and improvements on your property for not less than full replacement value in Canadian dollars. You must keep this insurance coverage in place at all times until the Total Debt has been fully paid. Your insurance must include coverage for loss or damage caused by theft, fire, vandalism. At any time, we may require that you also obtain coverage for additional perils, risks or events. If a steam boiler, pressure vessel, oil or gas burner, coal blower, stoker or sprinkler system or any other comparable equipment is operated on your property, then you must also have insurance coverage for loss or damage caused to the equipment, or by the equipment, or by the explosion of the equipment. If we ask you to, you must provide us with certified copies of all insurance policies. At least 15 days before any insurance policy expires, you must provide us with evidence that you have renewed the policy. All insurance policies must remain in effect until this hypothecary loan has been fully paid. All insurance policies must: be with a company that is satisfactory to us; contain clauses approved by the Insurance Bureau of Canada for use in the Province of Québec, or by us, confirming that any loss proceeds will be paid first to us; forsake the proportional rule in case of partial loss; not contain a co-insurance clause; provide that they cannot be cancelled unless the insurer notifies us in writing 30 days in advance; and give us the first right to receive and to have a lien on the loss proceeds. If you do not arrange for insurance or if you do not pay the premium for any insurance policy, we may arrange for insurance and pay the premium. However, we are not obligated to do this. If we pay any insurance premium or other amount of money for insurance on your behalf, you must repay us immediately. If you do not, we may declare that you are in default under this Deed, or add the amount to the Loan Amount or Line of Credit, or do both. If any loss or damage occurs, you must immediately do everything necessary to enable us to obtain the insurance proceeds payable to us under this Deed. You must pay all expenses related to this. You agree that if we produce a copy of this Deed, that will be sufficient authority for the insurance company to pay us any insurance proceeds that is payable because of a loss. By signing this Deed, you authorize and direct the insurance company to do so. We have the right to decide how to use the insurance proceeds. We may use part or all of the insurance proceeds to: repair or rebuild your property; reduce any part of the Loan Amount, or the Line of Credit Amount, whether it is due or not, including paying any prepayment charges that are payable; or release same to you. 8.5 Taxes On or before the interest adjustment date, we may withhold from any advance under the hypothecary loan any amount we feel necessary to pay current or future taxes. After the interest adjustment date, and for so long as there is an amount outstanding on your Loan, you agree to pay us, on each regular payment date, a tax instalment in an amount based on the estimated annual taxes that will be payable for the year following that regular payment date. We have the right to determine the amount of the estimated annual taxes, and the amount of your tax instalments.