Common use of Your option Clause in Contracts

Your option. At any time during the term of the loan, you can ask us to convert the loan as follows: • The new mortgage product is a fixed rate closed term of one year or more, beginning when the change takes effect. • The interest rate is our posted interest rate for the new mortgage product when you and we enter into the agreement to make the change. • The instalment is based on what is owed when the change takes effect, the new interest rate and the amortization period described as follows: • The amortization period is the remaining actual amortization period just before the change takes effect. However, if that period is more than the remaining contractual amortization period for the term when the change takes effect, it's the latter. You don't have to pay us a prepayment charge. The terms of section 5.20 apply to this change.

Your option. At any time during the term of the loan, you can ask us to convert the loan to a fixed rate closed term as follows: • The new mortgage product is a fixed rate closed term of one year or more, beginning the loan begins when the change takes effect. • The new term of the loan ends no sooner than the end of the old term. • The interest rate is our posted interest rate for the new mortgage product when you and we enter into the agreement to make the change. • The instalment is based on what is owed when the change takes effect, the new interest rate and the amortization period described as follows: • The amortization period is the remaining actual amortization period just before the change takes effect. However, if that period is more than the remaining contractual amortization period for the term when the change takes effect, it's the latter. You don't have to pay us a prepayment charge. The terms of section 5.20 apply to this change.

Your option. At any time during the term of the loan, you can ask us to convert the loan as follows: • The new mortgage product is to a fixed rate closed term as follows:  The new term of one year or more, beginning the loan begins when the change takes effect. •  The new term of the loan ends no sooner than the end of the old term.  The interest rate is our posted interest rate for the new mortgage product when you and we enter into the agreement to make the change. •  The instalment is based on what is owed when the change takes effect, the new interest rate and the amortization period described as follows: •  The amortization period is the remaining actual amortization period just before the change takes effect. However, if that period is more than the remaining contractual amortization period for the term when the change takes effect, it's the latter. You don't have to pay us a prepayment charge. The terms of section 5.20 apply to this change.

Your option. At any time during the term of the loan, you can ask us to convert the loan as follows: •  The new mortgage product is a fixed rate closed term of one year or more, beginning when the change takes effect. •  The interest rate is our posted interest rate for the new mortgage product when you and we enter into the agreement to make the change. •  The instalment is based on what is owed when the change takes effect, the new interest rate and the amortization period described as follows: •  The amortization period is the remaining actual amortization period just before the change takes effect. However, if that period is more than the remaining contractual amortization period for the term when the change takes effect, it's the latter. You don't have to pay us a prepayment charge. The terms of section 5.20 apply to this change.

Your option. At any time during the term of the loan, you can ask us to convert the loan as follows: • The new mortgage product is a fixed rate closed term of one year or more, beginning when the change takes effect. • The interest rate is our posted interest rate for the new mortgage product when you and we enter into the agreement to make the change. • The instalment is based on what is owed when the change takes effect, the new interest rate and the amortization period described as follows: • The amortization period is the remaining actual amortization period just before the change takes effect. However, if that period is more than the remaining contractual amortization period for the term when the change takes effect, it's the latter. You don't have to pay us a prepayment charge. The terms of section 5.20 7.20 apply to this change. Variable rate open term: Increasing the instalment.

Your option. At any time during the term of the loan, you can ask us to convert the loan as follows: • The new mortgage product is a fixed rate closed term of one year or more, beginning when the change takes effect. • The interest rate is our posted interest rate for the new mortgage product when you and we enter into the agreement to make the change. • The instalment is based on what is owed when the change takes effect, the new interest rate and the amortization period described as follows: • The amortization period is the remaining actual amortization period just before the change takes effect. However, if that period is more than the remaining contractual amortization period for the term when the change takes effect, it's the latter. You don't have to pay us a prepayment charge. The terms of section 5.20 9.20 apply to this change.. Variable rate open term: Increasing the instalment5.14.

Your option. At any time during the term of the loan, you can ask us to convert the loan as follows: • The new mortgage product is a fixed rate closed term of one year or more, beginning when the change takes effect. • The interest rate is our posted interest rate for the new mortgage product when you and we enter into the agreement to make the change. • The instalment is based on what is owed when the change takes effect, the new interest rate and the amortization period described as follows: • The amortization period is the remaining actual amortization period just before the change takes effect. However, if that period is more than the remaining contractual amortization period for the term when the change takes effect, it's the latter. You don't have to pay us a prepayment charge. The terms of section 5.20 8.20 apply to this change.

Your option. At any time during the term of the loan, you can ask us to convert the loan as follows: • The new mortgage product is a fixed rate closed term of one year or more, beginning when the change takes effect. • The interest rate is our posted interest rate for the new mortgage product when you and we enter into the agreement to make the change. • The instalment is based on what is owed when the change takes effect, the new interest rate and the amortization period described as follows: • The amortization period is the remaining actual amortization period just before the change takes effect. However, if that period is more than the remaining contractual amortization period for the term when the change takes effect, it's the latter. You don't have to pay us a prepayment charge. The terms of section 5.20 7.20 apply to this change.

Your option. At any time during the term of the loan, you can ask us to convert the loan as follows: • The new mortgage product is a fixed rate closed term of one year or more, beginning when the change takes effect. • The interest rate is our posted interest rate for the new mortgage product when you and we enter into the agreement to make the change. • The instalment is based on what is owed when the change takes effect, the new interest rate and the amortization period described as follows: • The amortization period is the remaining actual amortization period just before the change takes effect. However, if that period is more than the remaining contractual amortization period for the term when the change takes effect, it's the latter. You don't have to pay us a prepayment charge. The terms of section 5.20 10.20 apply to this change.. Variable rate open term: Increasing the instalment.5.14

Your option. At any time during the term of the loan, you can ask us to convert the loan as follows: • The new mortgage product is a fixed rate closed term of one year or more, beginning when the change takes effect. • The interest rate is our posted interest rate for the new mortgage product when you and we enter into the agreement to make the change. • The instalment is based on what is owed when the change takes effect, the new interest rate and the amortization period described as follows: • The amortization period is the remaining actual amortization period just before the change takes effect. However, if that period is more than the remaining contractual amortization period for the term when the change takes effect, it's the latter. You don't have to pay us a prepayment charge. The terms of section 5.20 9.20 apply to this change.

Your option. At any time during the term of the loan, you can ask us to convert the loan to a fixed rate closed term as follows: • The new mortgage product is a fixed rate closed term of one year or more, beginning the loan begins when the change takes effect. • The new term of the loan ends no sooner than the end of the old term. • The interest rate is our posted interest rate for the new mortgage product when you and we enter into the agreement to make the change. • The instalment is based on what is owed when the change takes effect, the new interest rate and the amortization period described as follows: • The amortization period is the remaining actual amortization period just before the change takes effect. However, if that period is more than the remaining contractual amortization period for the term when the change takes effect, it's the latter. You don't have to pay us a prepayment charge. The terms of section 5.20 7.20 apply to this change.