The URL can be used to link to this page

Home My WebLink About0946 ~'~RTEQ l'A~ID- A~ (~'i(KlF~ ~ EENEFICIAI,; CREDIT LINE ACCOUNT AGREEMENT TERMS AND CONDITIONS (continuedJ Ynu understand and agree ?hat the cond~hons under wh~ch the Auount wdi exist are as shown on the other side and as follows 1 CREATION Of ACCOUNT: The Account we set up w~li be ~dent~f~ed by the Account Number shown on the other s~de and cannoi have an Unpaid Balance greater than the Credd ne. The amount of cred~t available to you ~s the d~fference between your Credit Line and your Unpaid Balance. As you make payments and reduce the Unpaid Balance the amount ot c red+t ava~lable to you ~s mcreased by the amount of the reduct~on of the Unpa~d Balance. Both the Im,~al Advance shown on the other s~de and any future advances w~ll be made under tr;e prons~ons o( the Flonda Interest and Usury Act. 2 TERMtkATION OF ACCOUNT: Nie have the nght to terminate this Agreement and demand immediate payment of the entire amount tnen due, including accrued interest, as of the ,13 te 1 ~ years from the Date of Agreement shown on the other s~de. We must g~ve you a wntten notice of our intent~on to terminate not less than 6 monihs pnor to the termination date. I t he do not provide wntten noUce, then this Agreement shall Continue m force for subsequent terms of 1O years each, each of which ~s subject to the same 6 month wntten notite requ~rement. ; CASH ADYANCES: You can obtain Cash Advances by the use of the checks we g~ve to you. You agree not to cash any checK fo~ an amount more than the unused portion of your Cred~t L~ne at the Ume a check is cas?~ed The amount of any check wdl be added to the Unpaid Balance on the date the check ~s cashed. ~ ANNUAI CHARGE: You wiil pay an annual charge. payabie m advance, for part~ciaatmg in the Credit Lme Account Program in the amount of a15.OO for each year th~s Agreement : n effect. We w~ll deb~t your Account for th~s charge. 5 PROMISE TO PAY: You prom~se to pay us the amount ot the Unpaid Balance. together with the FI08~C@ ChBfg@ and any applicable insurance costs and premiums. These =mounts w~ll be paid in monthly payments Computed as destribed befow. 6 MINIMUiM PAYMENT: You agree to pay us the M~n;m;,m Payment b~lled on your per,od~c Statement of Account by the Due Oate d~sclosed. The M~n,mum Payment is the ,~r,~ o' (1? the F1t18DC@ CI12(g8 and pnncipal, ~2) penodic costs ot msurance. ~f any. and (3) any amounts past due. The amount of the F1112tiC6 ChB~gC and prmapal due is _?'c ulated by appiymgthe penodic FIR811C@ Ch3fg@ rate to the Amortitation Basis shown on the other side of this Agreement. The AmorUzalion Basis assumes that each bdlmg cycle 3U days. For these bilhng tycles with more than 3O days the Mimmum Paymen; may mcrease due to the accrual of addit~onai FIII2~CC ChBfg@. In some cases, the addit~onal ~T~unt of FII18fiC@ Chefg@ may result in no prmcipal reduct~on dunng that bi!(i~g cycle. The amount of FI080CC ChBfge and pnr,apal als~ wiil be ad~usted ~f (i) the penodic f ine~C@ ChBfge rate is ad~usted or (2y you recerve an add~t~onal cash advance aga~nst your Credit t~ne. If the penodic FinenCe Chetge rate or the Unpaid Balance on your -c~~ount mcrease, then your Minimum Payment w~ll mcrease. Changes m the Min~mum Payment w~ll be reflected on your pen~dic Statement of Account DELINQUENCY CHARGE: If you do not pay the Mm~mum Payment with~n 10 days of the Due Date shown on a Statement of Account, we N~!i charge you a Del~nquency Charge e! 5: of the amount ot FI0811C@ ChBfge and pn~cipal due or $20.00, wh~c~ever is less. ~ APPUCATION OF PAYMENTS: We will apply your payments to cover (a) the past due and then currentiy d~e msurance costs, rf any, (b) past due and then currently ~ Fif18f1Ce Ch2fg@ and (c) any remainmg amount to the Unpaid Balance. ~ PREPAYMENT: Except as descnbed in Par 10 below, you may pay the Unpaid Balance m ful;, or more than the ~d~r.;mum Paymert due at a~y Ume nithoui penalty. By doing so, ~ _ ~ r;ul reduce the F1~8(IC@ ChBfg@ tobe ~a~d. To pay your account ~n full you must pay tt~e ~npaid Ba!anc? ard ail accrued ctiarges, ir:cluding F1f18f1C@ CI18fg2 and insurance FIt120C@ ChBfg@ w~ll be charged and collected up to the date of paymert. ~ i^ PREPAYMENT PENALTtl: If you close this account with funds obtained (rom another lender withm 5 years from the date o( the tigreement, then you agree to pay a prepayment ~ F~^a!iy ~n an amount eguaf to 6 months F~nance Charge calculated using the Dady Penod~c Rate tnen ~n eifect or, your account appl~ed to the Unpa~d Balance at the t~me ' prepayment. DEFAUIT: You w~fl be m detault iL ~ M you fa~l to make any Mimmum Payment due or yo~ fa~l tc c~mply wrth the terms of ihe Mortgage securmg th~s Agreement: or 8 any statement made by you in appiymg (or this Account proves ta be untrue: or C tne house or any other b~dtling on the real property secur:ng this Agreement :s destruyed by hre or other casuaity: or ~ you f~le an appl~ration for the appmntmen; of a rece~ver, or an attachment ~s issued, or a ~udgmer.t is entered, or any oti?er legai or eqwtablN proceed~rgs are ~tarted aga~nst y0u: Or E you make an assignment tor the~en2fit of creditors; or ~ F you break any of the terms of this Agreement : are in default we may, at our option decrease or end the crzd~t avai!ao,e to you by reduung your Cred~t L~ne ~,tnout rctice or demand to you and requ~re you pay Unpa~~' Balance f any unpa~d Fin2~Ce Charge immediately. +t~e can ;I;o beg~n foreciosure proceec+~ngs and sell the reat property securmg this Agreement ~ . ~ CIOS~N6 OF ACCOUNT BI' US: We have the nght to ciose th~s Account in the event of a) your default, as defined above: b) a change+n ynur cred~t status so that you do not meet our ~ ~~t standards for new Revolv~ng loan Borrowers; c) you move your res~dence from the state where this toan was entered mto; or d? ocr stopp~ng ef the mak~ng of Revolv;ng Loans to ~ -r, 6orrowers d~e to unfavorab!e economic cordit~o~s or Ieg~slat~an Notice of clos~ngof your account w~ll rot aflect ou~ nghts. or your obhgation to iepay the Unpaid Balance or the nty for the loan. If we close your Account Me wili no longer have to send checks to you and you rr~:l return to us any unused checMs m your possess~on If you fa~l to return unused ks at the 6me we close your Account, we w~ll not refease our secunty interest m the real preperty taken as secu!ity for this Agreement until the checks are retumed to us and the ^~,a!d Balance has been paid ~n full ~ CLOSING OF ACCOUNT BY ~OU: Y~u may close this Account by giving 3O days wntten not;ee to us under the fcl~on~ing condit~ons (A) ihe Account has reached a zero bafance (there ~s no Unpa~d Baiarce ~n ihe Account) and (BI There are no ~ssued and o~tstand~ng checks ~ r+:i , withm 3~ days of the date both cond~t~ons are met, release the securdy ~nferest in the r?al property securing th~s Agreement. ~ ~ CARE OF TNE REAL PROPERTY: You w~ll pay all taxes. assessments. v~~ater or other charges assessed aga~ns??he real property and +~~i1 keep ~t msused aga~nst fire and other s~m~ler ~=rds II you fail to pay any of the above charges or ~nsurance premiums, tnen we may, at our ophan, pay these charges or Insurance Prem~ums We may charge any amounts spent ta your Rccount and these amounts w~.l beceme a part ot the Unpaid Balance with F1~e~C@ Ch2tg@ being cha{ged at the Da~~y Per~odic Rate being charged on ihe Account = ATTORNEY'S FEES: We may char~e and col~ect reasonabie attorney's fees an~ court costs. as perm~tted by law. ii, after declaration of defautt. th~s Agreement ~s !eferred to an ':rrey nct our empfoyee for t~e purpose of start~ng lAgai act~on and enforc:rg coiiect~on Yle may also recover reasonabte expenses ~ncurred ~n recr,~enng or se,i~ng any coltateral ~ as secunty for th:s loan. ~ = DISHOHORED CHECK CHARGES: ~Ye rnay cc,!ect from you a fee of 5°. ~ of the zmeurt cf a check or $10.00, wh~cheve~ ~s grea?er, ~f you ~ssue a ch~ck to us that ~s returned to us hnanc~al institubon or which it is drawn as "dishor.ored" and we not~fy you, in vrntmg; that the check h,as been retcrned if you vssue a cash advarce check that ~s returr.ed ~ .=ause you exceeded your credit ime we may charge your account a fee of S°ic of the amount of the check or $25, wh~chever is less ~ , CHANGE 1~! TERMS: We may change the!erms and ~ondrt:ons Gf th~s Ag~eement, mcluding rates, terms and amortization scheGule as perm~tted by la~v. V1e will send you ~rntten € ' ce betore any change occurs $ = APPUCABLE IAW: The terms and condit~ons of th~s Agreemen! w~ll be covered by the laws ef the State o1 ~Ionda The Parties agree that upor. atceptance of the terms ot th~s ~ - r-~~,er~t by us, e b:nd~ng agreement, under the terms and cond~trons ~horm above and on the reverse s~de, wi~f come into effect ~ '721062 ~ ~ ~ N1G 22 P 3 :58 FIIED t,!e._ .:::i, ~ ROGER r u; , . ~ . . ST. LUCIE F~.. ~ ~ . ~ , ~ . r~~~~ ~7~ ~~?~E 9~fi ~ - - - _ - ~~-r-W s~ ~ ~ -