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Home My WebLink About0986 a • p ~NO TItIE GROUp~ INC• • pSSOC~A~E ; BENEFICIAI, ~REOIT LINE ACCOUNT AGREEMENT ~ , f TERMS AND CONDITIONS (continued) i~u ~nderstand and agree that the conQiUons under wh~ch the Account will exist are as shown on the other side and as foilows: ~ ; CREATION OF ACCOUNT: The Account we sPt up wdi be +dentified by the Account Number shawn on the other side and cannot have an Unpaid Balance greater than the Credd . : re T he ameunt of credd avaifab!e to you is the difference between your Credit line and yoer Unpaid Baiance As you make payments and reduce ihe Unpaid Balance the amount of ~ d ~t ava!}able to you ~s increased by the amount of the reduction of the Unpa~d 6alance. Both the Imt~al Advance shown on the other side and any future advances will De made under ~ '~e prov~s~ons of the Flonda Interest and Usury Act ~ _ TE?~MINATION OF ACCOUNT: We have the nght to terminate this Agreement and demand immediate payment of the entire amount then due, including accrued interest, as o( the ;~'e 10 years trom the Date of Agreement shown on the other side. We mus! give you a wntten not~ce ot our intention to termmate not less than 6 months pnor to the termmaUon date. ne ~o not provide written not~ce, then th~s Agreement shall cuntinue in force tor s~bsequent terms of lO years each, each ot which is auD~ect to the same 6 month wntten notice r-~,~,rement CASH AOVANCES: You can ebtain Cash Advarces by the use of the checAs we g~ve to you You agree not to cash any check for an amount more than the unused portion of your ~ '•~'~t iine at the Ume a check is cashed The amount of any check w~l' be added to the Unpaid Balance on the date ~he check ~s cashed. ? . ANNUAL CHARGE: Yo~ will pay an annua~ charge, payab!e ~n advance, for part~c~pai~ng in the Credit L~ne Account Program m the amount of ~ 15.00 tor each year this Agreement { effect. We wdl deb~t your Account (or tMs charge. ~ - PROMISE TO PAIf: You prom~se to pay us the amount of Ihe Unpaid Baiarce, together w~th the F1t1811Ce Chefg@ and any appl~cable insurance costs and premiums. These ~ ~~~.:,unts wdi be pa~d ~n monthiy payments computed as descnbed below. . MINIMUM PA~MENT: You agree to pay us the M~n~mum Payment b~lled on ycur per~od~c Statemert of Account by the Due Date disclosed. The Minimum Payment is ihe `,m of (1) ine FIt18fiC@ ~h8~g~ and pnnc~paf, ~2) penod~c costs of ~nsurance, ~t any, and (3) any amounts aast due The amount of the f I(l8t1Ce ChBfgC and pnncipal due is u!ated by applymgthe penodic F1118f1C@ ChafgC rate to the Amort~zat~on Bavs shown on the other s~de ol th~s Agreement The Amort~zat~on Basis assumes fhat each b~#~~ngcycie 30 days For those odiing cycles wdh more than 3O days the Mm+mum Payrrent may increase due to ihe atcruai of adddional F1t1811CC Chefg@. In some cases, the add~tional ~ o::nt of FIR80C@ Ch2fg@ may result in no pnncipal reduct~on dunng?hzt bill~ng cycle The amount of FIflB(1C@ Ch2~$e and pnnc~pal aiw w~l! be ad~usted if (1) the penodic FineflC@ CI18fg@ rate is ad~usted or (2) you recerve an addit~onal cash advance against your Credit line. I! the penod~c FI~atICe ChefgB rate or the Unpaid Batance on your _ount ~ncrease, then your Minimum Payment n~il ~ncrease Changes in the ~A~r~rrum Payment w~ll be reflected on your period~c Statement of kccount. ~EIINQUENCII CNARGE: If you do not pay the ~dinimum Payment within lO days ot the Due Date show~ on a Sta;ement of Account. we w~ll charge you a Del,nquency Charge - 5; of tne amount of f If12tICe ChBfgC and pnncipai due or f 20.00, wh~cheuer ~s less APPLiCAT10M OF PAYMENTS: Y/e w~A apply your payments to cover (a) the ~ast due and then currently due +nsurance costs, rf any, (b~ past due and then currentiy ~ F1~8(IC@ ChBfg@ and (c) any remaining amount to the Unpaid 6alance PREPA1fMENT: Except as destnbed ~n Par. 10 belo+~, you may pay the Unpa~d Baiance +n full, or more than the Min~mum Payment due at any Ume without ~enalty By domg so, . ~ r, ~U reduce the FIf1211C@ ChBfg@ to be paid To pay your aaount in ful! you must pay the Unpa~d Balance ard ail accrued charges, +nciud~ng F1~80CC ChBfge ar.d msurance. F i 118~Ce ~h8fg2 wdl be chargedand collected up to the date of payment. PREPAVYENT PEMALTY: If youclose th~s account w~th tunds obtamed from another lender riithm 5 years trom the date ol the Agreement, then you agree to pay a prepayment ~-~a'ty ~n an amount equal to G months Finance Charge calculated us~ng !he Daiiy Period~c Rate thee in effect on your account appl~e~ to ihe Unpaid Batance at the hme ~~?papment. . . ~EFAULT: You w~ll be ~n deiault ~f- ~~ou ta~i to make any M~n~mum Payment due or you fa~i to compiy w~th the terms of the Mortga~e secunr:g th~s Agreement, ar ` ~ any statement made by you in appiymg for this Account proves to be untrue: or E : he house or an other bu~ld~r on the real ro ert secunn this A reement ~s destro ed by hre or other casualt or M r~ Y 8 D P Y B B Y Y. , ~ i~ you fiie an application for the appo~ntment of a receiver, or an atiachment is ~ssued, or a ~udgment is entered. or any other lega! or equdab~e proceed~ngs are s±arted against k ~OU, Of ~~ou make an assignment for the benefd of creditors; or ~ ~ou break ary of the terms of th!s Agreement. ._;;re ~n defaul: ~ve may. at our opt~on decrease or end the cred~? ava~iabte to you by reduc~ng your Cred~t l~ne +~~thout noUCe or demand to yo~ and require you pay Unpaid Baiance ' ~rf unpaid F~~a(ICe Charge :mmed~ately. We can atso beg~n foreclosure proceed~ngs and sell the reai property secur~ng this Agreement. . 7 CIOSING OF ACCOUNT BY US: Y~e have the nght to c~ose this Account ~n the event of a) your default, as detined above; b) a change ~n your credit status so that you do not meet our standards for new Revolving loan Borrowers: c! you move vour res~derce from the state where th~s loan was entered mto: or d) our;topp~ng of the maKmg of Revolwng Loans to Borrowers due io unfavorabie economic cond~Uons or leg.slat.on Notice uf closmg of your account w!!I not affect our nghts, or your obligaUon to repay the Unpaid Balance or the ;ry fo: the loan. if we close your Account we wdl no ;onger have to send checks to you and you will return to us any unused checks m your passess~on. If you fad to return unused k s at the t~me we ctos2 your Account, we w~li not release our secunty ~nterest ~n the real property taken as securty for th~s Agreement unUi tne checks are returned to us and the .~a d Balance has beer pa~d in full ~ CLOSING Oi ACCOUNT S~ YOU: You may Close th~s Account 5y giv;ng 3O days v~ritten nobce to us under the foflo+~~ng cond~tions ;Aj The Account has reached a zero balarce ~there ~s no Unpaid 8a!ance ~n the Account) and !Bi There are no ~ssued and outstanding chechs ti.'! nithm 3O days o! the date bath condit~ons are met. release the secun!y mterest in the reai prcperty sewnng th~; Agreement. ~ CARE OF THE REAL PROPERTY: You w~ll pay ali taxes, assessments, water or other chargesassessed aga~nst!he real property and rr~li keep ~t+rsured against (~re and other sim~lar rGs I( you fa~l to pay any of the above charges cr insurar~ce prem~ums, then we may. at our opt~on, pay these charges cr Insurance Prem~ums V'Je may charge any amounts spent ,~~;o your Account and these amounts wiii beccme a part of the Unpa~d Balance w~th FIf18fICe ~h2(g@ heing charged at the Daily Penodfc Rate bemg charged on the Aaounf. ~ ATIORNEY'S FEES: We may charge and collect reasonable attarney's fees and court cus!s. as perm~tted by law, ~f, after dec~arat:on of defauit, th~s Agreemert is referred to an •~~ey not our employee for the purpose of start~ng legai act~on ancl enforung co;lectwn '1~e may also recover reasonab~e exAenses incurred m recovenng or seiling ary collateral ~ ~n as secunty !or th~s loan ~ DISHONOREO CHECK CHARGES: Y1e may coliec! from you a fee of 5`;0 of the amaunt o! a ~ heck or $10.0~, wh~chever is greater, rf you issue a check to us i~at ~s returned to us ~ ~e'~nanaal ~nsf~tutron on which ~t is drawr as "d~shonored" and we not~ty you, ~r wnt~ng, lhat the check has been returned if you ~ssue a cash a~vance check that is retumed e you exceede~ your cred~t Ime we may charge your account a fee of 5~'~• of the amount o~ the check or a25. wh~chever is less. CHANGE IN tERMS: Yle may change the terms and cond~t~ons of th~s Agreemert, includ.ng rates, terms and amort~tation schedule a~ perm~tted by law 7~e wiil send you wri,ten ~ ce betore any change occurs ' = APPUCABIE LAW: The terms an~ conditions o( thi; ~greement h~ll be covered by the laws ot the Stete of Flor~da The Part+es agree that upon acceptance of the terms of th~s ~ ~~~menf by us, a bindmg agreement, under the terms ard condit,ons shonn above and on the reverse s~de, will come ~nto effect ? , 721Q83 Al~ 23 p8 :47 , ~ . FILED ~.!i^ : - ' _ ROGER 'r . ST. LUCIE L' = . ~ . t~''"t~~ : ~ ~ p • ~~R PlGE 4 4 - : ~ ~ - ~ _