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Pre-Authorized Debit PAD Agreement You authorize us MCAP Service Corporation to withdraw funds from the bank account designated below or any other account you may authorize at any time for your loan payments as outlined in the Mortgage Commitment. This applies until all Obligations of the Mortgage have been satisfied and includes payments for any renewals or amendments to the loan* You agree we can deduct Regularly Scheduled Payments which may be a fixed amount or a variable amount from the account designated below at the payment frequency selected on your loan* You agree we can deduct one-time payments such as late interest service fees and other charges from time to time from your account or add that one-time charge to your next Regularly Scheduled Payment in accordance with the terms of your Mortgage. YOU AGREE TO WAIVE THE NOTICE PERIODS REQUIRED FOR REGULAR VARIABLE AND ONE-TIME PAYMENTS* This is a personal PAD for mortgage purposes. This PAD Agreement remains in effect until we receive written notification from you of its change or cancellation* This notification must be received by us at the address provided below at least 10 days before the next payment is scheduled* To obtain a sample cancellation form or for more information on your right to cancel a PAD Agreement contact your financial institution or visit www. cdnpay. ca* You have certain rights if any debit does not comply with this Agreement or is not in accordance with the terms of your Mortgage. For example you have the right to receive reimbursement for any PAD that is not authorized or is not consistent with the terms of this PAD Agreement. To obtain a form for a Reimbursement Claim or for more information on your rights contact your financial institution or visit www. cdnpay. ca* 2 Customer Information Please Print Clearly Name s Mortgage Effective Date DD/MM/YYYY Address Street City/Province/Postal Code Phone Bus Phone Home 3 Financial Institution FI and Bank Account Name of FI Branch Address Account Information Branch Transit / FI Code / Account Number Please attach either a sample cheque marked void or proof of account ownership* 4 Authorization Signature s Mortgage Servicing Centre P. O. Box 351 STN C Kitchener ON N2G 3Y9 English Toll Free 1-800-265-2624 Fax Toll Free 1-866-633-5930 Email service mcap*com Web Site www. This applies until all Obligations of the Mortgage have been satisfied and includes payments for any renewals or amendments to the loan* You agree we can deduct Regularly Scheduled Payments which may be a fixed amount or a variable amount from the account designated below at the payment frequency selected on your loan* You agree we can deduct one-time payments such as late interest service fees and other charges from time to time from your account or add that one-time charge to your next Regularly Scheduled Payment in accordance with the terms of your Mortgage. YOU AGREE TO WAIVE THE NOTICE PERIODS REQUIRED FOR REGULAR VARIABLE AND ONE-TIME PAYMENTS* This is a personal PAD for mortgage purposes.

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