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Home My WebLink About0936 ~.s~~..c + .I ~ • r ' ADDITIONAL AaREEMENT: ANDlP~OVtSIONS ~ , ' , '•,;i!!;,;~ t 3,.; , . . t T~~ . ' ~ ~.~rai z . . )wnenMp and Use of Colietsral. (It Secu:~~) You yaur prmc~pal dwelling unlau specificaiiy so ~pn~d by epressnt that you own end hsve possession ot the you at the time such obligation is incurred. The 8~nk'~ :olietersi. No ons slse has any claim against it. You security interest in the cotlatsral will be tsrminat~d~o >?omise not to give up possession o! the collaterai for when {rou have paid everything you owe und~~ thls ~ rore than twe~ty-four t24) hours or do anything that Note, unlass at that ~me you are in ds}sult in piym~nt .a.~~• Nit! create e cleim against it. You promise to take all ~ of othar indabtednsss to ihe Bank. ~~a"~ sasonable =teps to protect the collateral irom other ;reditors, to keep it fn good repsir end not to use it for Entirs Bala~c~ Ous. It y~;; don't pay sn installmsnt ahy illegal purpose. . on tj~e or it you break one oi your promisss undst this _ agr ent. the Bank can require you to pay at once' ~i ; ~elay in Enforc~ment. The Bank can deley entorcing the~itire balance ot your loen (plus any finance ,~~3;, ~ ~ any of its ri$hts under this agreement without losing ch~g~ auel and without notirying you in advancs. Ths ~ ~ them. For exsmpls. the Bank can eztend the tima Ior 8ank can also do this if you miss a paymsnt on i making son?e paymsnts without extending others. another debt that you owe the Bank, it you made ; _ ~ _ , . misleadin stetements on ~ ~ g your application. ii you become involved in ba~kruptcy or insolvency - Insuranc~. You sgree to keep the preperty securi~g proceedings. or if you die. this loan i~sured againat toss ar damege. Property r.~ - ~nsurance is not available from or through the 8ank. ' You may p~rchase the insurance from enyone that you ' Finance Chargs. You understend thst inter6~i ~,ivill M 1 rhoose, but you agree that the policy proceeds and assessed on a daily baais on outstanding principa) ~t , the annual interest rate shown on the ?sverse sids. 1~. ~ pram~um rebates will be paid to the Bank. N you don't ' se keep the property insurod or pay premiums on time. You deviate from the agreed paymant scheduls. the ~r, the Bank cen pay the premiums tor you or cancel the . - int_ wifl be reduced for inatatments ptid prior fo ~ poiicy and get insurance elsewhere. If the Bank does ~ th~~ e date and increasad for payment of instalmsnts :F~• . p~rchase such insurance elsewhere. it can select _ af~ ,the due date. You ngree to pay any additionel insurance~which protects only th9 Bank's interest i~ acer~Ipd interest with the final paymant. You can r the coltateral o~ which protects both the Bank's . _prepay the entire balance of your losn at anytims, and :;nterest and your interest. in eiiher case, you agree to interest will be charged only tor the period yo~tr loan is .~`..,,ft • pay for any premiums advanced by the Bank with outstending But you understa~i~ ihs bank wo~'t ~ ;~nterest at eighieen (1896) percent per annum. You " refund any part of the proCessing fee. t: appoint the Benk as attorney-in-fact to negotiate anc j; ~ handle all matters with the carrier of any insurance oi Repoasesaion. The Sank can enter your premises and 4 yaur property, including but not limited to the repossess the collateral if the entire balance oi the 2ndorsement ot checks 8nd drafts. loan becomes due for any reason or if you break any~`~ . other promise y~~ have~made under this agreement. ` ' ~ Credit Uts Insuranc~. You agree that if you request Na~~dvance not~ce wiil be ~equired. Or, upo~ requesi ' credit life insurence by aigning on the reverse side of o Bank, you w~N det~ver the cotlatara! to the Bank ~~`~!4 this egreement, you acknowledge your understanding at ~ime and place designated by it. that you heve the option of asaigning eny other ~s ir+.surance ' policy or policies that yosi own or may Once the Bank has possession of the collateral, it can ~ pra~ure for the purpose of covering your loan end thet sell it and apply the amount it receives to the unpaid~ cr~dit life insurance need not be purchesed from the balance of your loan. The Bank will notity you a: least • E~ank in order to obtain the loe~.. seven (71 days before the sale. If the sele price doesn't ' - cover ihe total amount you owe. you agree to par the ~ Balloon Payment. If a balloon payment exists et • unpaid balance. including costs of reposseesioti<_~~~ ~T3tunty and is not paid when due, the Bank need not srorage and sale. and reasonabfe attorney's fees. t~s; • _ ~.f . i !efinance the balloon payment. You may reapply for ~ v{ed~t to the Bank; the Benk wi~l consider the credit ' You agree to reclaim anything in or on the _v ;apQlication and loan in light of the Bank's then •?epossessed collateral that isn't covered under this. ~eftective lending stendards and the 8ank's then agrggment wnhin thirty (30) days after repossessian~{ E"~ff~red loan rata and loan types. * ~~M~~se. you agree that the Bank can absndon • ~ ~ ~ 13 a 8.~i7 theAie items or donate them to cheri ty• ..X. ~ - • ; Colls~tion Costs. You agree to pay ary~' c e ti n _ !~v `costs. including reasonable attorney's fe ~ ~ ~ Tdial Agreemsnt. This agreement and relstsd;; ~IIf'~,:+... ~€akes callection action. $j, documents can only be modified in writing. If sny pan ' t . : of any of them i~ unenforcesble. the remeinin9 peKS: ~a!lataral Sacurss Oths?•Debts. You agres that the will continue valid. ~~z1 ~ ~~;ollate~al for ihis note describad on the reverse side _ ~s(so secures alt of yaur other indebtedness and other Waiver of Pre-Existing Mortgags. Notwithstanding .Y: ~ ~ ~obiigations to ths Bank, whether now existing o~ the provisions of any pre-existing mortgage, this note : ~ ~~ncurred in cne future. except any such future shaU not be secured by any mortgage on your principal ~ 'obligationa will not be secured by eny mortgage on dweUing not described on the reverse side. eitrsntial Rsts: If this is an employee loan, you understand thet you will be ~h$rged interest on this loan at s lower rate than normal ~cause you are en emptoyee at the Benk or one of its affiliates. You unde~d and agree that if for any reason your employment rmisrates, or this loen ia assumed by a third party (if the Benk consents to assiiirption), the Annual Percentage Rate may be increased ~ths rste selectsd by ihe Bsnk in its sole discretion as the standard rate then charged to non-employee customers tor the same type of bn, but in no evsnt in sxcess of the maximum lewful rate. You underatend that the additional Finance Charge will be adcfsd to each ty payment. ~ ' rt ~ ~ • ~ ~ ~ ~ ~ NOTICE ~ . • A~.DER OF THIS CONSUMEfi CREDIT CONTRACT IS SUBJECT TO All Cl.AIMS AND DEFENSES WHICH THE~ R COULD AS8ERT AGAINST THE SEILER OF (i00DS OR SERVICES OBTAINED WITH THE PROCEEDS HEREQ'~,~ ~ EREUNDER 8Y THE DEBTOii SNAL~. NOT EXCEEO AMOUNTS P!!ID BY THE DEBTOR HEREUNOEN. . . . ti: the above notice of cleims and detenses a~lAS to this npte. `t:. ` ~~K ~ ~ ' = ~!c ~ '~Gf ~ + ~ • ~ ~ + i.a. uaa ~,..,m.,,.~ _ - - _ ~ - - -