Mortgage - Variable Rate (2467 Nunavut - 2017/01)

The CIBC Prime Rate on the date of the mortgage is % a year. Therefore, the variable rate open mortgage rate as of the date of the mortgage is % a year calculated daily using a simple interest formula, which is the same as if it was calculated yearly, not in advance. And for the better securing of the said Mortgagee, the repayment in the manner ... ................
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