Transcription of Standard Mortgage Terms - cmidocs.com
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Standard Mortgage Terms - cmidocs.com
5453-2016/03 British Columbia Page 1 of 45 Standard Mortgage Terms Filed By: Canadian Imperial Bank of Commerce Filing Number: MT160006 Filing Date: March 17, 2016 The following set of Standard Mortgage Terms shall be deemed to be included in every charge in which the set is referred to by its filing number, as provided in section 225 of the Land Title Act. The Terms of this set of Standard Mortgage Terms may be modified by additions, amendments or deletions in the schedule attached to the registered document. Contents 1. Definitions .. 4 2. What this Mortgage does .. 5 Your interest in your property .. 5 Who is obligated by this Mortgage .. 6 Changing or renewing this Mortgage (also important to anyone who has a subsequent interest in your property) .. 6 Building Mortgage .. 7 Making material 7 3. Interest .. 8 Interest 8 Payment frequency .. 8 If you have a fixed interest rate Mortgage .
means the amount of money you owe us at any given time under this mortgage. It is the balance you owe on the loan. The loan amount may include unpaid
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