Charge/Mortgage of Land B - Scotiabank

1 Charge/Mortgage of LandForm 2 land Registration Reform (1) Registry nLand Titlesn(2)Page 1 ofpages(3) PropertyBlockPropertyIdentifier(s)Additi onal:SeeSchedule n(4) Principal AmountDollars $(5) DescriptionFOR OFFICE USE ONLYNew Property IdentifiersExecutionsAdditional:SeeSched ule nAdditional:SeeSchedule n(6) This(a) Redescription(b) Schedule for(7) Interest/Estate ChargedDocumentNew EasementAdditionalFee SimpleContainsPlan/SketchnDescription n Parties nOther n(8) Standard Charge Terms The parties agree to be bound by the provisions in Standard Charge Terms filed as number 201809 and the Chargor(s) hereby acknowledge(s) receipt ofa copy of these terms.(9) Payment Provisions See Box (10)(a) Principal (b) Interest(c) CalculationAmount $Rate XXXXXXXXXXXXX % per annumPeriodX X X X X X X X X X X X X X X X X X XInterestY M DPaymentFirstY MD(d) Adjustment XXXXX XX XX (e) Date andOn Demand (f) PaymentXXXXXXXXDate Period DateLastAmount(g) Payment XXXXX XX XX(h) of Each XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXDat e Payment Dollars $ X X X X X X X X X X X X X X X X Balance(i) Due Date XXXXX XX XX(j) Insurance See Standard Charge Terms No.

2 201809 Dollars $ X X X X X X X X X X X X X X X X(10) Additional ProvisionsInterest on the outstanding principal amount is payable at the variable prime lending rate of The Bank of Nova Scotia for Canadian dollar loans 10announced from time to time, plus _____% per year, calculated on a daily basis and payable monthly, following demand, default on Schedule n(11) Chargor(s) The chargor hereby charges the land to the chargee and certifies that the chargor is at least eighteen years old and thatThe chargor(s) acknowledge(s) receipt of a true copy of this of SignatureName(s)Signature(s)YM D(12) Spouse(s) of Chargor(s) I hereby consent to this of SignatureName(s)Signature(s)YM D(13) Chargor(s) Address for Service(14) Chargee(s)THE BANK OF NOVA SCOTIA(15) Chargee(s) Addressfor Service(16) Assessment Roll NumberCity Mun.

3 Map Sub. PropertyFOR OFFICE USE ONLYFeesRegistration FeeTotal(17) Municipal Address of Property(18) Document Prepared by:2153912 (07/18)Retail Collateral ChargeLAND REGISTRATION REFORM ACTSET OF STANDARD CHARGE TERMS NO. 201809 Table of ContentsSECTION 1 DEFINITIONS ..1 SECTION 2 DESCRIPTION OF PROPERTY CHARGED ..1 SECTION 3 WHAT THE CHARGE DOES ..1 SECTION 4 NO OBLIGATION TO ADVANCE ..2 SECTION 5 YOUR TITLE TO THE PROPERTY ..2 SECTION 6 YOUR RESPONSIBILITIES ..2 SECTION 7 APPLYING YOUR PAYMENT ..6 SECTION 8 PREPAYMENT ..6 SECTION 9 BUILDING MORTGAGES ..6 SECTION 10 TRANSFER OF LEASES AND RENTS ..7 SECTION 11 APPOINTING A RECEIVER ..7 SECTION 12 PROTECTING OUR SECURITY AND INSPECTIONS ..7 SECTION 13 IMMEDIATE PAYMENT ..8 SECTION 14 DELAY IN ENFORCEMENT ..8 SECTION 15 ENFORCING OUR RIGHTS.

4 8 SECTION 16 DEALING WITH THE PROPERTY ..9 SECTION 17 AMENDMENTS ..9 SECTION 18 GIVING NOTICE ..10 SECTION 19 EFFECT ON OTHER AGREEMENTS, OBLIGATIONS AND SECURITY ..10 SECTION 20 condominium PROVISIONS ..10 SECTION 21 RELEASING THE PROPERTY FROM THE CHARGE ..11 SECTION 22 DISCHARGE OR ASSIGNMENT OF CHARGE ..12 SECTION 23 WHO IS BOUND BY THE CHARGE ..12 SECTION 24 HEADINGS ..12 SECTION 25 STATUTORY COVENANTS EXCLUDED ..12 SECTION 26 HOME WARRANTY PLAN/PROGRAM ..12 SECTION 27 OUR PRIORITY ..12 SECTION 28 FINAL REPORT ..13 SECTION 29 CONFLICT ..13 SECTION 30 CHANGE OF CORPORATE CONTROL OR STATUS ..13 SECTION 31 REPRESENTATIONS AND WARRANTIES ..13 SECTION 32 COSTS AND SERVICING FEES ..13 SECTION 33 ADDITIONAL COSTS AND SERVICING FEES ..14 SECTION 34 ASSIGNABILITY ..14 SECTION 35 SEVERABILITY.

5 15 ONTARIOPage #2153912 (07/18)Page 12153912 (07/18)SECTION 1 In this set of Standard Charge Terms, the following terms have the following meanings:(a) Agreement(s)means all of the contracts, credit agreements, companion booklets, promissory notes, bills,guarantees, notices or other documents, present or future, and all renewals, extensions, amendments,restatements, replacements and substitutions relating to any of them, and in each case entered into, or otherwiseapproved by you and us, and which by their terms are intended to be secured by a mortgage on the Property. (b) Buildingsmeans all buildings and Improvements covered by the Charge, as set out in Section 2, whether presentlyexisting or built in the future, both during construction and afterwards.(c) Chargemeans, for the non-electronic paper based registration system, the Form 2 Charge/Mortgage of land , or,for the electronic registration system, the charge prepared in electronic format and registered electronically pursuantto the provisions of the land Registration Reform Act, as well as any attached schedules and this set of StandardCharge Terms.

6 (d) condominium Corporationmeans any condominium corporation of which the Property is a part.(e) Costs and Servicing Feesmeans all costs and servicing fees referred to in the Charge or the Agreements includingwithout limitation costs and servicing fees under the headings Costs and Servicing Feesand Additional Costsand Servicing Feescovered below. (f) Improvementmeans any construction, erection, remodeling, rebuilding, installation, alteration, addition, change,tear down, renovation, repair or demolition on, of or to your Property or a part of your Property. (g) Judgmenthas the meaning assigned to it in Subsection (h) Obligations Securedmeans all debts, liabilities and other obligations, present or future, absolute or contingent,matured or not, at any time owing by you to us or remaining unpaid by you to us, and wherever incurred andwhether incurred by you alone or with others and whether as principal or surety, and which arise pursuant to theAgreements and/or this Charge.

7 (i) Personmeans a natural person or any other legal entity such as a corporation. (j) Principal Amountmeans the amount specified as the Principal Amount or as the Principal in the Charge, which isthe maximum amount of Obligations Secured secured by the Charge.(k) Propertymeans the lands described under the heading Description or Properties in the Charge and everything elseincluded under the heading Description of Property Chargedin Section 2.(l) Standard Charge Termsmeans this set of standard charge terms.(m) We, ourand usmeans Scotiabank or The Bank of Nova Scotia, the Chargee including our successors and assigns,and, as appropriate, any of our subsidiaries. Scotiabank acts as an agent for Scotia mortgage Corporation, a whollyowned subsidiary. Any of our subsidiaries such as Scotia mortgage Corporation, may act as our agent.

8 Dealing withthem is the same as dealing with us.(n) Youand yourmean each and every Person who has signed or is bound by the Charge as Chargor and anyone whohas signed the Agreements. The Charge is made pursuant to the Mortgages Act(Ontario). If the Charge is Canada mortgage andHousing Corporation (CMHC) insured, or insured by any other third party provider of similar insurance, it is madeaccording to theNational Housing Act(Canada). Any reference to signing the Charge means signing the Form 2 Charge/Mortgage of land or a schedule to it fornon-electronic paper based registration, or signing an acknowledgement and direction or any schedule to it for electronicregistration. References to sections refer to sections of this set of Standard Charge Terms. Any reference to an Act in thisCharge includes any amendment, replacement, or re-enactment of that For the purposes of these Standard Charge Terms and subject to Section , each loan that is made or providedto you under an Agreement will be treated as a separate and distinct loan.

9 If this Charge secures any mortgage loan(s)insured by mortgage default insurance (including without limitation any mortgage default insurance obtained by us after amortgage loan is advanced), no further advances or re-advances on such insured mortgage loan(s) are 2 DESCRIPTION OF PROPERTY The Property, including any Buildings and any other property that is at any time attached or affixed to the land orBuildings, including without limitation any fixtures or Improvements, and all other associated rights including easements andrights-of-way and all related rents and profits are charged by this 3 WHAT THE CHARGE By signing this Charge, you charge your entire interest in the Property to us and to anyone to whom the Charge istransferred in any way, as security for the performance and payment to us, on demand, of the Obligations Secured up to thePrincipal Amount.

10 The preceding sentence does not include the final day of any lease. The Charge secures a current or running account. The Charge is not satisfied or discharged by any intermediatepayment of all or part of the Obligations Secured but remains a continuing security for payment and performance of theObligations Secured, notwithstanding any change in the amount, nature or form of the Obligations Secured or any renewal,ONTARIOPage 22153912 (07/18)extension, amendment, replacement, restatement or substitution of the Our charge upon your interest in the Property, subject to the Charge and Agreements, will end when:(a) you have repaid and performed the Obligations Secured including without limitation all amounts to which we maybecome entitled under the Charge; (b) you have done everything else you have promised to do in the Charge and the Agreements.