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BENEfiCllil,CREDIT LIN~ ACCOUHT AGRE~I~~M~ ~
Psrties b Agreemartt-in this AQ?eemeat tt+e words, aod ~tt mean the Barower ~rtd the words w, oar. ~nd us mean the lend~ n~med bebw.
Wf 1C011E TO BENf f ICIAL• This is ~n Opea ~nd Gedit Account You wiR be ~Dle to obF~in cuh:dv~nas, up bo the ~meunt of the Geoit line shown bebw, by reqxsting an lniti~l C~sh
Ad v ance when the Aaou~t opens ~nd b~t casi?inp tha cAecks ~tf we~rve to ~rou. ll~e amount M cn~dit ~w+l~bk to ~ou ~t ~ny point in dme is tha diffe~ence between the Credit line and ~ j
the Unp~id Babna (P~incip~~._ As you m~ke p~ f~ne~ts ~nd reduce Me Unp~id B~t~nct the ~mount ot crodit ~raiuDle to you is inc~sed by the amount th~t ihe Unp~id Bal~nce is a
reducM. The terms and condi0oas af tha llccount ~n outlined bebw and on the other sde M Mis Agreement ~ '
LEiV~ER: `
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O 8 K~Y
' Residence Itdaress
~ t-.- rf not the same
n.e. a c.aart u+ki.~ ,I ~~ese ~~s. cow ~na Pr.mw,u. a+. wy
I1pwtMrK L'wie Adr~nt~M Mb. Py~rK•;s Life D~s~blity ProPerb
1 ZilM~S :~~000 si 1Mi .4~ 1!~ .~3 0~6~~iA M1lIE 0!
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{ Sasis PrcpertyF«s
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~FINAMCE CHAR6E wat be aku~ted using the D~ily Penodit R~te of ~a'~~ 96 f~t
•a 9b ANNUAL PERCEI~TAGE lZATE).
Additional f I NANCE CHAR6E, shown below as Loan Origiaafion Fee, is c~kulated b~sed on a percenfage of the C?edit Line and wili be paid from the Initial Advance. This amount is
not +nc~uded +n the caku~atan of the ANNUAL PERGENTA6E RATE.
We h~ve paid, hom the Initial llde?ance, Item shown above and tiie amounts shown bebw as fdtows:
SCHEDUIE A 2. M~uai fee . . . . . . . . . . . . . . . . . = 15 . 00
I REAL PROPERTY FEES 3. Loan Docurr+entation Fee t 125 • 00
(A) Rec~ding Fees . . . . . . . . . . . . . . S --~-~.Q Loan Ori~nation Fee . - • - - - . . . . _ ~44~
(8) Titlee Search Fees i 5.7o:~UN BANK = 453• $1+
(C? i'itle Insurance Premium....... S~Q 6. To~~BN~`~ BANK S2o5o.16
l~? ~Waisa! Fces . . . • - - . . . . . . . . . S ~94 7. To~KFS12`[1CKY FINANCE ; ~ 10 $ • 17 ~
(E) Documentary Stamp Tax . . . . . . t _1Z..2~- 8. To: ;
~F) IrtangiWe Tax _~94 9. To: S
(G1 Mortg~ge Broker Fee . . . . . . . . . . S 10. To: S
(F~ Other ~ . . . S 11. To: ;
TOTRL FEES 1See Bw~ 1~eore~ t 3~,-2~- 12. Check Deiivered to You = 600G . 00
•Sum of disbursement items 1 to 12.
Estimated amaunt of Fisi~ttCE Clt~f
j! aod principal p~yment !or a biUing crele based on t~he Ini6al Advance using a 30 day month.
='•Amortization basis us~ to cakulate the estimated Fina[It! Chitge and principaf payment fw a billing cycle. ~
BAIANCE SUBJECT TO FIMANCE CHAR6E: We figure the FltlaiiC! Cll~fge ort your Account bY applring the Daily Periodic Rate to the "Average Daily Batance" of your Account, '
~ ncluding currerrt traesactions. To get tht "Average Daily Bala7ce" ~re take the beginning Unpaid Balance of your Actount each dar, add any new cash advances and other debits, and
subtract any payments or credits and unpaid FIt1a11C~ ChBfgl. This gives the daity Unpaid Balance. Then, we add up alf tbe daiiy Unpaid Ba(ances far the billing cycle and divi0e
ihe total by the number of days in the b~lling cycle. This gives us the "Average Daily 8alance"_ ~
`t NANCE CHAR6E: The f it120CE ~h8fge wiil be caiculated by multiplying the Daily Periodic Raie by the number of daYs in the biAing cycle a~d then by multiplping that amount
by the Arerage Daily Balance fa that billing cycle. Tbe Daily PeriQdic Rate in effect whsn the Account opens is sho~+n above. 7he FIt1~I1Ce Cllafge begins to accrue, on a~y (~itial
Cash Advance, on t+ie business day followmg the end oi your ~eu~ss+on perind and, on subsequent cash advances, on the date the cash adrance u charged to the Account
T he F It1at1CE ~hif~e rate is wbjectto change after the A~caint opens under Paragraph 17 artd it this is a Yar~able Rate Account, under the Yariab{e Rate AdjustmeM provisions bebw.
TJ.~YARIABLE RATE AC(:OUNT: if this box is checked this is a Variabie kate Accounf and the Ft~BDCE Ch2fg! rate is wbject to change as described in the fol{owiag Paragraph.
ADJUSTMENT OF FINANCf CHAR6E RATf t11! YAR~ABlE IGTf AGCOUNTS: The ElD~~1C~ C~tg~ rate on a YanaWe Rate Account when it first opera wiR De the Reference Rate
;Prime Rate1 cnarged by tne 8ank ot Americ~ O~~s rcentage pcints, rounded up to the nearest ona•-~s~ec;,~'c~^!. Af!er tite Account is opened the FID811Ce CI18fg8
~ate will be reviewed on January 1, April 1,1u1y 1 a, of each yeai the Account is upen and adjusteG (i~ the Bank of America Reference rate has changeC} ta the Referencs
Rate charged by the Bank oi America 30 days prior to the Adjustment Date p!us S4 percentzge poin~, ra:ndeA up to the nearc,ii one•quartes percenL At no time wi~l the
r4n~AC~ Chaf~~ rate be ailowed to fali bebw the Daily Periodic Rate of .03~35696 ~~4~i Anllu8) PlrCetl~2ge RBtE) or to increase above. state Iaw permitting, the Dai!y
~enodic Rate ei .u~7534% (21~ ARAU81 PefCent2g@ ~8ts). This means that your f InatlCe ~harge rate wip not change any ~nore frequently than ever~ 3 monttis. Any
vh ange in the F t(I~OC! Clta~ge rate will be a~Ph.at+!° ta the enbre Balance Subject to f;nxnce Charge for the biliing cyc'e covereQ by your first Sta!ement af Account preoared on or
a Stet an A~ ustment Date a~d will r~main in effect ur~! the next ad;ustment takes piace. Whenerer the FIR8t1Ct Clt~fg! rate u adjusted the Minimum Payment wili be recalculate0,
ar~d ~f the ~IIU11Ce CI18fgE rate shouk! inerease, th~ klinnnam Pay+ment will be inerea:,ed to reftectthe higher f If180Ce Ch2(~~ rate. Th~ r.ew Minimum Payment will be shcwn on
the first Statement of Actount prepared on or after an Ad~ustment Date.
SECURITr: to secure this loan, y~u give us a security interest in the Real Pro~e~ty described in the M age Youare giving us in connection witA this toan. The security+nterest wi!! be
security for the tatal of aN cash advarces up to the Credit tine. You aaive the Homestead tzempUon ap~icable to the propert~r covered by the Mo~tgage to the extent permitted by law.
Yo;r knowledge r~eipt of a copypi~~~~~ 1I1R Agie£tt1~ to an money being advanceA by Us.
Accepted b~? lenaer: ' . - ' • ~ ~
r;- - WdnC55 ~
2 . ~ ~ ; tJ Nn. 1
By ~ W~tness ~
twe d 8onowe~ No. Z
~1~ . g.,.~s~ (~A
, s SEEOTNERStOEittRADdIiIONAIT~ ISANOC01lOITIONS. g~~4VV PacE clVY
~ R~CORDING CO!'Y-TT~ 8E F1LED WITN REAL EST/~TE ?`v'Ci-~ ~ c~,r~tat ~ -