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Home My WebLink About0997 9 ' ~ _ ~ FLVRIDA NATIVNIIL '3ANK • npry lo~flle Pin1c lor Borrower • ~,~.~.-~~T6°-c.~-b~ee~~ 33448 461-84Te p one o. Gio1denrodlarBorrower EQUI7Y CREDITLINE AGREEMENT ~ , cre~iu t.tm~~ S 20, 000. OO ~ Desipncted Checkinq Accounl No. 015-224-9278 • . Authoriz igncxture o s! ecktng Acc u G ' Lynn C. No.f.ei,ngdwo~h ~ The words ~ve.' 'w' and 'our:' mean lhe ba oae name. address and tel hone number appear above. TAe wordi'you' and your' a means our cu~iomer or customeri who hqve :1~ned below. The term 'transler' mean= any trmster ot Nnds au~~i~ ~~ro~r c~ 't an aocounl you maintain wtih us.'T1Ale' meac~s our wtomalsd teper machlne(:) known m'T1We The Alltlme TeUer. you aqree as IoUows: BQuitt CrsdlWne: ~qulty CredllUne i~ c loan oommliment.trom us known as a'Une ol credtt.' Your Wtial ~z~.ttt WNt ts ahown above. We may lncrease or decrease yow Ccedlt Lim1i at any time arxi trom tlme lo Wne. Ustnp SQuUtT Cr~dltlln~. You may borrow money aqatnst your Une oi credlt by overdcawlnfl your checkinq acoount. by oaWnq or wrlllnq us cnd requ~np a iranster Irora yourEqu ify CredlUlna ccoount to your ehecklnp acoount or by drawinp a cAeck ort a loan account to be esfabllshwb~yus in your name which checlcs shall bs a:peclal lorm checlc m~d which shall be presented !o and. sub ect to ihe proytstons hereot. wW be paldby us 1n t1?e reW1Qr courae ol buslness- Presentment ot wch a speclal check lor paymeN or presentmenl Mr payment of a cAeclc on your~~~QWar chacklnq account whlch, u paid. would oveMraw your acoottnl. ~hall c~wte~h re by you for am advance. Paymenf ot any ch cAeck by w or any other trouuler by us trom Your Evulh? CradWine axount byour aocount pursuant !o your requ~t shali be treated as an advance under your Une d credlt. A~dvancea mude to oover averdc~s on yatr d~ecldnp account wW be made in multlp{es d SI00 or. U less, the unused porlion ot your Ifne ot credl~ Requeat~ tor cash advances may also be mQde throuph T1111e bul advancea throu h T1We wW onty be honored tn amounta up to SZ00 per dm?. Cash adv~ces requesled by any means other tham TWte wW oNy be hono~ U made In the mWmum o! S100. Requesb lor advances wl~l be honored wh11e Ws I+Qreemenl b in lorce oNy 8: (q the balance owin~ under your Une of ctedlt arier the advance does nol exceeci your Credit t~mtl~. (il) documenbrequ estlnq advances are completed c~ort~ectty and in tull. and (IU) you are not 1n delauit under thls Apreement. We may advance, but are noi requlred to advance. you any amount over your Credll Llmlt. it we advat~ce you an amount over your Ccedll L1m11. thb doe3 n-;,! mean we have increa~ed your Credlt WNl and we c~n requtre you to pay the excess on demand Uutead ol !n monthty inslallmenb. We oan aLso require you io pay any Iniangible imces and documenlary stamp tmces thai may be due on aocount ot ~ch exce:s advance. Itepa~ment. You aQcee to be IepaUy responsible qolnUy and sevewlly) lor payment ol the lotal amount owed under this Wie ot credti as well as tor all tlnance cRarQes Imposed as descrlbed betow. You may pay ihe balance ot your Une ol credll tn tull or in parl al ony time without penalty. It you do nol pary your entire balance !n hiU. minimum monthly pclymenta are requlred aa lony as any balance exkls. re{~ardless ot any prepayment. We wW send to you a periodic slaiemeM (whlch may be your checldnq acoount siatemenl) at monlhiy Inierva~ A flnance charpe beQtns to accure on 1Re daie ihe tl~st tranaadion Is poated io your aocount. We ihe tinance c!?ar~e on your account byapp ly1r~ the daUy p~~#~dlc rate to the 'averoye da11y balance' of account and mu1Hp~~p ihe result by !he number o! days 1n lhe b1Wnq cycle. To qet the 'averafle daUy balanoe' we take the beginn~p total new balance of your aocount each day, add any ' new advances and credit lUe insurance premluma. and subtrad any paymenLs, credtb, unpald tlnance charOes and unpaid late charyes. Then we add up all the dalty bala~ces lor !he bWtnq cycte and divlde tAe total ~ihe numbe of day= in the bwing cycle. rn~a atves us the 'averape daUy balance.' The daUy perlodk rate on your account {a detemNned addln~96 percent to ow prime rate in eUect as ot the tlral day in each bWlnq cycle and dlvidtng Ihe sum by 365. Our prime rate Lt the raie ~m~ g~a ~y r ~l~g, . BcisacLupon our prime rate now In etlecl. this results In a dally perlod~ rate ot %(that ia m? ANNUAL I'ERG~~NTA~~~ RATE 019. U 96 You may not avotd lncurrln~ 8nance charpes by paytnq ihe total new In IuU wlihfn any pertod aller your btllinp date. The mWmum monthlypaym ent Is the qreater of (a) 550.00 or (b) ihe total new balance at the end ot tt~e monthly btlllnQ cycle (not Includin~ lute charges) multlplled by .015, ptus (c) late charyes and amounb past due. Halancea less than 550.00 are payab3a In tull. Any si~s eet~t onf ydow Equtty rediWne Acoount wW be cotuldi ered as corroreci Qnd accept~ed by you~uNess yott notity u g wrlfinq tothe c~onirary wtihln 60 days adter ~t?e date the slatemenl was mailed. You aQree to make tAe mWmum payment set torth on yourpe dalk statement on or betore the due daie lor that bWiny period. U you do not, you aultwrtze and direcl ua to immedlately transter tunds [rom yow checklnQ accoun! io our account In an amount equal !o ihe amounts~ lhen due. You turiher authodze us to Uanster tunds Irom yow Equlty CredtWne Account to your checklrp account tor the purpase . ol reducing a credtt balance on your llne o! cred8 or fo correcl errors. The Annual Percentaqe Rate on your Equtty Credltllne Account wW increase it ow prime raie tncreases. Any such increase in ihe Annual ~ I Pereentage Rate wfil become etfectfve as ol lhe [Irst day ol ihe ~Winq cycle and may result 1n an increase in tAe arnounl otyow minlmum monthly payment. As an example. U your average daily balance durfnp each oi two conseculive monthly bWtnq periods L~ S25.000.00 and the prlme rate increases by 196 at ihe beqinr?!nfl ol ihe second bWinq perlod your minlmum monthly payrneM would lncrease by SZ0.83. In no eveN wlll ihe Inte;o~ ~:rr~d you exceed tf~e maximum amounl permltled by law, U any. CoA erN. Y E C t1Une A~p uN s~~ted by a mortqaQe on real property located at S ft ~ N_(U _ A~nPon ~uv ~ $ ~ ~n,t_o_~ t.L ~45'L . Collateral aecurtng _ other loans you have wlth us may aLso secure this account. We may at any time, aa a conditlon to madntalnln~ thls W~e oi credlf, requfre you ~ to give us addltlonal coUateral and you aqree to lumtsh us with such addlUonal collaieral on requesl. , Oiher CharQes. il anY minlmum paymenl ls no! recerired by us withln 15 days ot the due daie, you must pay us a late charge equal to i 596 0l that minimum paymenl. You also agree lo pay such Florida documentary stamp tmces and int~ng!ble tmces as we detemltne are ~ payabte on all advances to you under your Ilne ot credlt. Documeniu;~r stamp twces are presenlty payable ai fhe rate ot S.IS per S100.00. ~ Intangible fares are presentty payable ai the rate ot 52.00 per S1.000.00 or tractlon thereoL You also a~ree to pay such ch~qes tor 8tle insurance (includlnq Qny endorsements to such Uuurance requfred by us trom ttme io time).appraisal tees, credit investigaibn report charges. ~ recordfng tees and aliomeys' lees os may be requtred Irom !o time. A1 th9 tlme ot eYecuNA~ this ayreemenf you have paid charqes as follows: ~ Pubuc ottictats: s g 4_ 0 0 ~ ~ Insurance Companies: S 804231 A~ro~ns,: s 'g~ ~,lpN 27 p 2:12 ~ ~ Attomeys: s °~.i,~e e~n~~ S 150. 00 . - . S FI~EO aNc :.:~~.i~t, _~z K CoUection Costs. In ihe event ol legal action to collecf, you agree to pay aU coats ot collectir~Q~~oQ~}~r~i r cludinq. wtihout limUaiton, reasonable attomeys' lees, whelher or not an action u broughl. Credlt Life Insuiance. Credit lUe lnsurance is not requfred lor our ezlension ot ihts W~e of credit. !t is availnble ihrou9h us or can be purchased etsewhere. if voluntary credit We Insurance coveraQe Ihrough ut ts selected. the charQe oi such coverage wW be added io your Equfty CredlUlne account balance monlhly on ihe statemenf cloainq date. You aLio havo ihe optlon ol asslqnin4 any other polfcy or poltcles a~monthlyrfaciorp A0093 tar d y~le~Uts and .001641orhlo~nt credH lile caver~a~aeb your eave9r~apo~dalty bal~Ce sach~mor~ith. The ~!t l~lle insurance ottered hereby Lt subJect 1o all terms and condltions ol Ihe Group Master ~oUcy Lssued by the insurance wmpany to us, a copy ol + whfch Is wailable tor Inspecibn a1 our otfices. No coverage Ls wallabls to an Insured who hm passed his 71st birlhday. 1 deslre Credit Lite insurance ` Stqnature Daie Date ot Btrth f 1 destre Credlt We Insurance ~ Ignature e . e ot ~ THE ADDITIONAL PROVISIONS ON THE REVERSE SIDE HEREOF. WHICH YOU ACIWOWLEDGE THAT YOU HAVE READ. ARE INCLUDED IN ~ ANDMADEAPARTOFTHISAGREEMENT.YOUACKNOWLEDGERECEIPTOFAS{GNED.TRUEANDEXACTEXECUTEDCOPYOFTHISAGREEMENT. THtS AGREEMENT (S NOT VALID UNTIL APPROVED AND CCEPTED BY US. ~ ` ~ 1 ~ rrowe s ress G d A Ho WOJt,t e e . ; 1 13 87 p e ?ut C. Ho~.t.JtgbWO ~?er e rrowe s ress trower e ~ rrower ~ Accepted and Approved by Bank on f~.19 By: ~ Form 08-8098 ~ . . . : ~ . _ - ~ . ---.~o '`'T7- y?!'::T'7.. '~'i _ . . . . ~ ~ - ~ -