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HomeMy WebLinkAbout0932 ~ . _ _ . . 12. Monlhly Statemant~. A st~itn~nnnt will 1~ rond~rod onch tnonth ya~r t1c;r.nu?it hns a Now 8olanco ar',ictivity, rollocti~p, among ~~u~u, ~~un?a, F inuiicn Cha~~u, Uthui CI?u~uuss (i~uiitiHod by rypul, C~edit Availut,la and the amount payabteY~y yoi~•on tho Paymfmt Uue Dr~te. Eaah statement will be considered as corroci and acceptable by y~u uniess you notity the 8enk of errors wittiin sixty (6t~) deys atter it was mailod. , ~ ~ 13. Stop'pinfl Payme~ta. The Bank's rulus ior stopping paymant on ordinary chacks apply to stopping payment on Account Ghecks. . tA. Property Inaurance. You understand that Propeny Insurance mus2 be obtained in connection with your Account, and, beceuse ~ it is not availabla through the Bank, you may obtain such insurance through any parson of your choico acceptebte to the Ba~k. 7he Property Insurance shall provide for such coverafle as Is desc~ibod in tha Mortgago and shali bs in an amount su((icient to pay the lull amoiinl dun on previously existinfl encumbrances, mortgapes or liens on the roal property, including property texes and the full amount oi your Credit Line on the Account. 15. lVotificatton. 1`ou shall immediately deliver written no~tice to tha 8ank of any chenga in you~ financial condition, of any change in your residence address, of any loss or theft of your Account checks, or of any unauthorizQd use of your Account. 16. Termination end Default. The Bank may at any time, with or without written notice to you, terminate its commitmant to make furiher Loan Advances except with respect to Account checks paid by us prior to such termination. If you default in tho perfor- rnance of any obligations to the Bank, or if you fail to make a paymont r~quired hereur.der on time, or if you faii to make a payment when due on any othar debt you owe to the 8ank, or you make any (alse or misleading stetement on your epplication, or in the event tl~e eank deams itself insecura, or in the event of your death, or if you become involved In a bankruptcy or insolvency proceeding, the Bank's commitment to make further Loan Advances shall immediately terminate, and tha B~nk may at any tima thereafter, without notice or demand, dectare all of you~ obligations hereunde~ to be due end payable immediately. Upon your termination you shall deliver to the Bank all unusad Account checks. In the evant thet you shoufd tail to deliver to the Bank all unused Account checks, ti=ou understand and agree that the Bank may retain the collateral securing your Account until all of your Account checks have been presented for pay- ment or returned to the Bank and until all amounts due and owing the Banlc hereunder have been paid. Should any Account checks be presented for payment to the Bank after tarmination, the amount thereof msy ba charged to your agg~egete unpaid principal balance in your terminated Account. You promise to pay all costs of collaction, including reasonable attorneys' fee3, incurred by the Bank in enforcing your obligations hereunder after default. • 17. Agreement Not Asaignabfe; Joint l.iability. The Bank's commitment to make loans will be to you exclusively and is not assignable by you. If there is more than one person named on the Aceount, each joins herei~ and ag~ees that the terms of this Agreement, ~ and any obligations hereunder shall be joint and several including Account checks signed by you or eny other person.named on the ~ Account. Each such person hereby appoints the other as attorrey-in-fact with the power to sign or endorse tor each other Account checks used pursuant to this Agreement, which appointment cannot be revoked as long as this Agreement remains in ettect. Notice to any person named on the A~count shall be sufficient to constitute notice to all persons named on the Account, and any notica is ~ effective at the time it is deposited in the United States Mail addressed to any address shown on the Account or to any other address furnished in writing to the Bank by you or any other person named on the Acco~nt. E ~ 18. Amendments. You u~derstand and agree that the terms and conditions oi this Account Agreement as provided herein may , be changed by the Bank from time to time. The Bank may, (or example, increase the interest rate or change ihe index upon which the ~ interest rate is based which inctease or change may apply to your entire New Balanca Sho~ld the 8ank 21ect to make changes, the ~ Banlc v~ill give you at least 21 days' prior ~otice to the last address you have given the Bank, however, you understand this does not apply to portions of this Agreement specifically stating no Qrior notice is required. # YOD UNDERS7AND THAT BY NEGOTIATING AN ACCOUNT CNECK THAT YOU 7HERE8Y AGREE TO THE TERfVSS AND CONDITIONS OF THIS ACCOUNT AGREEMENT AS THOSE TERMS AND CONDITIONS ARE IN EFFECT ON THE DATE YOUR ACCOUNT CHECK POS7S ' TO YOUR ACCOUNt ~~pq O~ ' October E,1985 ,~cal r' Line S 25,000.00 Date ~ ~ J C~~...:~ r 2. ` ~ ~ ' Account holder Pa iCk J Bitet Account older a S itet ROG~i~;?~~' °t KEEP YHIS ~~I~E ~(f~F TURE USE . . . This notice contains important information about your rights and our responsibilities under the Fair Credit BiHing Act. Notity Us In Case of Errors or Questions About Your Bill If you think your bill is wron~, or if you need more information about a transaction on your bill, write us on a separate shaet ~ ? at the address below. SunLine Equity Account i P. O. Box 2321 ~ ; Orlando, Florida 32802-2321 Write to us as soon as possible. We must hear from you no later than 60 days after we sent you the first bill on which the error ~ or p:oblem appeared. You can telephonQ us, but doing so will not preserve your rights. ~ In yo~r letter, give us the following inforrnation: i ; • Your name and account number. ; • The dollar amount of the suspected error. ~ • Describe the error and explain, if you can, why you believe there is an error. If you need more information, describe the item you are not sure about. j If you have authorized us to pay your bill automatically from your savings or checking account, you can stop the payment on i any amount you think is wrong. To stop the payment your lettsr must reach us three business days bafore the automatic payment . 1 is scheduled to occur. ~ Your Rights 8nd Our ResRonslbilities After We Receive Your Written Notiae 1 j ~ We must acknowledge your letter within 30 days, unlass we have corrected the error by then. Within 90 days, we must either correct the error or explain why we believe the bill is correct. After we receive your letter, we cannot try to collect any amount you question, or report you as delinquent. We can continue to bill you for the amount you question, including finance charges, and we can apply any unpaid amount against your credit limit. You ~ do not have to pay any questioned amount while we are investigating, but you are still obligated to pay the parts of your biil that are not in question. ~ If we find that we rnade a mistake on your bill, you will not have to pay any finance charges related to any questioned amount.~ If we did not make a mistake, you may have to pay tinance charges, and you will have to make up sny missed payments on the questionadCT9 amount. In either case, we wil~ send you a statement of the amount you owe and the date that it is dua Q ; If you fa~l to pay the amount that we think you owe, we may repon you as delinquent. Hawever, if our explanation does not ~ ~ satisfy you and you write to us within ten days telling us that you still refuse to pay, we must tell anyone we report you to that you fiave a question about your bill. And, we must tell you the nama of anyone wa reponed you ta We must tell anyone we report you~ F to that tha matter has been settled between us when it finally is. a.... If we do not follow these rules, we cannot collect the first 550.00 of the questioned amount, even if your bill was correct. ~ Speciei Rule for Credit Ca?d Purchases Ifi you havo a probtem with the quality oi property or services that you purchased with a credit card, and you have tried in good~ ! faith to correct the problem with the merchant, you may have the right not to pay the ~emaining amount due on the property or services. ~ There are two limitations on this right: (a1 You must have made the purchase in you~ homa state, or, if not within your hame state, within 100 miles of your current mailing address; and (b) The purchase price rr~ust have been more than S50.00. ~3 These limitations do not apply if we own or oparate the merchant, pr if we maited you tt?e advertisement for tttie property or st~rvlces.