HomeMy WebLinkAbout0969 '•~r+•=;~t & Title C~rp, of Florida REVOLlIING lOAM AGREEMENT •
DEFINITION OF TERMS AND CONDITIONS (continued)
i~ u understand and agree that the cond~t~ons under whicA the Acccunt w~ll ex~st are as follows
_ CREATION OF ACCOUNT: The Account we set up w~ll be identihed by the Account Number shoan on the other s!de and cannot have an unpa~d pr~na~at baiance greater than the
~ ed~t l+ne. We cannot make future advances greater than the Credit l~ne Bo!h the ImLai Advance shown on the ather s~de and any future advances N~II be made under the prov~sions
the Fionda Interest and Usury Act.
. EXPIRA110N OF ACCOUNT: We have ihe r~ght. at the end of 10 years from tne Date of Agreement shoan on the ether s~de. to cancel this Account and requ~re that you pay the
~:npa~d Balance, plusaccrued interest. ~r fu!i As an alternaLv2 to ~ayment in fu!i o! the Unpa~d Ba!ance Ne ~ave the opLor, to offer you the nght to reapply fo~ a ne+~ Account and to _
~ ,;n a new Agreement
. SECURITY: Vou N~II be reqwred to s~gn a Mortgage on reaf property as secunty br the to;al ot the Imt~al Advarce and all future advances up to the Cred~t ~me No Init~ai Advance
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: ~e iess inan ~juvu.uu r~e Naive ine nomesiead exempnon appi~caoie to tne properry couereo Dy t~ie Mor,gage to the ex;er~t perrr~tted by tax. We also waive any other secunty
'r~est or i~en which may anse by operahon of ia~~. except the I~en of any ~udgment wh~ch may be obtaine~ ~f the loan is not paid in accordance with the Agreement
~ CASH ADVANCES: You can obtain the remain,n~ amount ot the Cretlit l~ne after mak~ng the i~~ral Advance by the use of the checks ~e grve to yeu TR2se checks are blank You
r?e not to cash any chpck for an amount more than the uru~ea pcrt~on of your L~ne of C;ed~t at ti:e bme a iheci, cashed The amuunt of any check ~n~R ee add2d te the Un~aid
t~_ ance on the date the check ~s casned.
PIAN PARTICIPATION f EE: You agree te pay an m~t~al'ee for part;c~patmg ~n the revo~~mg loar~ program ~hen the actouni hrst opened m the Ar~oun? shown on l~ne No 2 on the
er side of the Agreement and an Annual fee of $S.OO upon demand Dy us to Nou.
PROMISE TO PAV: You oror;~se to paq us the amount of the Unpaid Baiance. together n~tr~ the F1020Ce Chafg@ and any ~ppiiczbie irsurarce costs ar,d premiumi T~~ese
_:~n,~ +~~II be pa+d ~n monthly payments plus mon;hly payment~ ef msurarce costs and prem~ums ccmputed as des~nbed on in? othe~ ~~de oi th~s Agreement
MONTHIY PAIIYENT: You n~il pay us an amount not iesslhan the M~n~mum ?aymeni on or betore ?nz Due Date shon~ on the n,ontnly S!a?em2nt of Accoun? as "Payment Due on or
rr . Amounts snown as Pas? Oue o~ d Staten,en; o! Account are c+~e upoi re~e:pt o! a Statement Pay mer:i ct F'ast Due amounts may not be delayed unt;+ th? D~e Date A~d~n~mum
.^ent must be pa~d e~ery mcnth the account ~5 opened and ha; a DaianCe Yr'e may refuse to accept ar. amcunt ie.s :han ,re M1i~rir~um Payment due
- DEUNQUENCY CNARGE: If yeu ~~e nc± pa~~ thr' Scheh~'eC ~4lonth'y Pay mrnt =~o~+n cn }our S?a!emer! o' ~cccunt n.t^~r, lU d:~~ oi ;hr Due Da!e ~ or.n on Ihe S'~;emen; he niil
- ~rsP ,YQU d ~t'il~latlPr.cy Cna;Re of 5-: ci If.t' 3~~~~ur, c~ $~~e~u'e~ ~r~J!~!hiy Payment or ~Zd.O~. Mh,~hr,~p~ ..~j~ H~~-_';~t"..,,?'. f'3jn:P~~ fil;.>! t? G~~„!,7 .~\~r~l "IQ' :h ?''e d:CGIlf1~:S
r~nd hai a ba art?. We may refu~e to aCCPpt 3r 3,T~v~ ie~~ i~ar ine h".~;~ mum Payment Due
FINANCE CHARGE: Tr:P Finance Charge ~:r be ~'a'e~ on the A~e~aSe Da~!, Ba!anre at the Da iq Per~~,c Rate si o+,n on ;ne a,h~r s~de'r~T S!a?~ m?r,t C:o~~ng Date untii
,_.;;~.ade Finance Charge oe ca _ n~-: ec'_~. n;.r~r~r aay: ~r ?~r b' ~e Der a~tn ~~,teres? cn any cash adti;ncr t<<~ ..;~tr a cnec~ ca~ned 'nterest
_~'e~ up'.o!he Due D,~te n~,I Ce ~hon~ a~?~? Finance Charge S..~.c cr •!~r b' ~ t ~~3r~,r~~ +~i;l be ~r~str ,er_. ha~ r ode anen i'; ~s
~y TG ~d~~~'~dic' :ht? ~in~fi~c' ~hd~be'~J~~ fri~_. f'~~UI1i~; ~~~e ~rt~,.:~ ~ Rd~~ u'r .°r D. uLV ~ 1';~ ~II11f16 CyLlr ~"0 ~r~l, ~~F~i'i ;h3? ~J~:~iT? C'j !h? A'.:f3~C' ~c~l~y
-re Finance Charge ;ubjecf to C'a',~;e bj ~e 3S ::e~i~~b +1 ..~~~gt3,~h 13 brl:+.
APPUCATION OF PAVMENTS: WP h~~i aa~~~ ~aur,;~T~~r,,o co.er ia ~ e~~c~ .f~ , ,.rs ~ ~b,,~e M.~,r;!. Prece~r, ~~:~~a-~~~ . :s a~, i~ ~.he Finanee
.
~ t,hl(gfS d~ Of I~? $!3it'mE'f } ~ C,^:; ~J'd?P d~i~ j~' 'h? t3id^f? ?i (?f 'l' p3!
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~ PREPAYMENT: Yc~ T3) r3 ':e Lr~ ~ Ea a , r _ r~ _ ~ ~ ~ B, ~ E ~ ~ Finance Chargeco
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~ L'EFAULT: V„:: r: ~~'au'•
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•f~>~~.t~, Finance Charge ~ I~'~:3tP ~r'ie CdP d'~J .r.'t' ei. r(;f ~ r.~. : d f ' ~Er ~'.~~~,1~.~ j~+ptFPTr~
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LARE ~JF THE REAI PROPERTY: ~ ; , 'E~ .-c; .'oCr~'; F_ , ~ . ~ - ~ . .ti~ r~; r . . _ ~t , - ' z . er ~r ~:ezar^_ Th;s
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ATIORNEY~$ FEES:'iiF -ai C'd .~~d C~_ ~r~. :'e. . , eiiC„~cy~s'er, e~~.; '~,.ri ~u:' pc . ~ 'fe~ bp an ~~c' d~C _ ~ , . rbrrrt . _ ~e'etr ;r
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~ISHONORED CHECK CHARGES. ~'+e ~~a; ~_'~ec?'rcm y~~~ a`ee 5~ r! nt a c~e~_ M cr ~l ~.~0 n~~~che,er s~e?'~~ a_~~: ~ re' ~c ra',;~ ~ed t~ us bY
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CHANGE iN TERMS: ~rie `d} _ ^a 5? ; ;c ~ . ,~d ~ ,.~n, Ci.''. r~rr. . , r~ ~;l ~F r,'Y_ fr _ ,jr.., ~~t :r ~C'; u d. [-r . , ~n iit `1, y,iu tir~fle^
~ e befcre any thanga oc~~~~~
r APPUCABIE LAW: T~A d a ~:a ~ ,~~.h :.:,k:r+~~i n! n,,l b~:C.2~eJ Cy'~~'~n. ;~E S:d;~ F_,r ~a ?~p P~rt,~:.?~r~e !~d', ~~~r~.~~,., ~c,tir,~rm~ p`. t^.,;
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