Ontario

SCHEDULE T0 COMMITMENT
(Fixed Rate)

 

?3.1 IE

Provided you are not in default. you may at any time prior to the maturity of the Term of the Mortgage,
prepay the whole of the amount then outstanding. without notice, upon payment to us of the greater of:

three (3) months interest at the Interest Rate on the Principal Amount outstanding; and

the amount. if any. by which interest at the Interest Rate set out in your Mortgage exceeds
interest at our then current interest rate for reinvestment (de?ned below) calculated on the
Principal Amount outstanding. Such amount shall be calculated from the date of
prepayment to the maturity date of the Mortgage.

"Our then current interest rate for reinvestment" shall mean our lowest advertised interest rate

(which may not be our "posted" rate) in effect on the prepayment date for a mortgage product of a similar
kind for a term not greater than the remaining Term of the Mortgage and not less than the next shorter
term offered by us; except that where the remainder of the Term of the Mortgage is less than the
shortest term offered. our interest rate for our shortest term for such mortgage product shall apply.

Default Charges and Fees

lf you fail to make a payment when due. or otherwise fail to comply with your obligations under the
Mortgage, we may impose charges:

for legal services required to collect or attempt to collect the payment;

for expenses incurred to realize on the Mortgage or to protect our interest in the property,
including the cost of legal services required for that purpose; or

for expenses incurred to process a cheque or other payment instrument under the
Mortgage that is dishonoured.

At present we charge a $50.00 fee for an pre?authorized withdrawal or cheque and a $275.00 fee
to prepare a discharge of your mortgage. These fees are subject to change from time to time in
accordance with industry standards. In addition. we reserve the right to charge reasonable fees in
accordance with industry standards for other administrative services such as. but not limited to,
assumptions, transfers. payment frequency changes, mortgage statements, etc. These fees may vary
from time to time and will be published in our Schedule of Fees. which you may obtain from us upon
request.

Initials: ?35! 10(9-
.