Common use of Prepaying a BMO Smart Fixed Closed Mortgage Clause in Contracts

Prepaying a BMO Smart Fixed Closed Mortgage. For a BMO Smart Fixed Closed Mortgage, you cannot prepay unless: • you sell the property to an unrelated purchaser for fair market value; and • at the same time, you also pay us a prepayment charge as described in section

Appears in 2 contracts

Samples: Mortgage Nova Scotia, www.bmo.com

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Prepaying a BMO Smart Fixed Closed Mortgage. For a BMO Smart Fixed Closed Mortgage, you cannot prepay unless: you sell the property to an unrelated purchaser for fair market value; and at the same time, you also pay us a prepayment charge as described in sectionsection 8.10.2.1 or 8.10.2.2 as applicable.

Appears in 1 contract

Samples: www.bmo.com

Prepaying a BMO Smart Fixed Closed Mortgage. For a BMO Smart Fixed Closed Mortgage, you cannot prepay unless: you sell the property to an unrelated purchaser for fair market value; and at the same time, you also pay us a prepayment charge as described in sectionsection 10.10.2.1 or 10.10.2.2 as applicable.

Appears in 1 contract

Samples: Nova Scotia

Prepaying a BMO Smart Fixed Closed Mortgage. For a BMO Smart Fixed Closed Mortgage, you cannot prepay unless: you sell the property to an unrelated purchaser for fair market value; and at the same time, you also pay us a prepayment charge as described in sectionsection 7.10.2.1 or 7.10.2.2 as applicable.

Appears in 1 contract

Samples: Hypothec Switch Agreement

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Prepaying a BMO Smart Fixed Closed Mortgage. For a BMO Smart Fixed Closed Mortgage, you cannot prepay unless: you sell the property to an unrelated purchaser for fair market value; and at the same time, you also pay us a prepayment charge as described in sectionsection 9.10.2.1 or 9.10.2.2 as applicable.

Appears in 1 contract

Samples: Newfoundland and Labrador

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