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Home My WebLink About0914 AODITIONAL A(iREEMENTSr ANO PROVISIONS ; Owne~ship and Uss ot CoUatsral. !If Secured) You your principal dwelting unlsas tpscifically so agroed by represent that you own and have posaasaion oT the ydu at the tims such ot~ligation is incuned. The Bank's ! cotlateral. N~ one else has any claim againat it. You security inte~est in the collsteral will bs terminated ~ promise not to give up possession oi the coilate~el tor when you heve paid everything you ows unde~ this ~ more thar, twenty•four (24) hou~rs or do anything that Note. unless at thst time you are in default in payment ~ will c~eate a claim against it. You p~omise to tske elw of other indebtadneas to the BAnk. reasonable steps to p~otect the cotiateral f~om other creditors. to keep it in good repair and not to use it tor Entirs Bslance Dus. If you don't pay an installment any itlegai purpose. on time or if you breek one oi your promisea unde~ this ~ agreement, the Ba~k can requirs you to pay st once Dslay in Enforcamsnt. The Bank can delay enio~cing the antire balance of your loen (plus any finance any of its rights unde~ this ag~eement without losing cha~ge due) and without notify~ng you in advance. The them. For example. the Bank can extend the time tor 8ank ~an atso do this if you m+ss s payment ori making some payments without extending others. another debt th.at you owe ihe Bsnk, if you mede misleading statements on your application, if you ~ become involved in benkruptcy o~ insolvency Insurance. You agree to keep the property securing Y this loan insured against loss or damage. Property P~~eedings, or it you die. insurance is not available irom or thtough the Bank. You may purchase the insurance irom anyone that you - Pinarsc~ Charp~? You underatend that i~tsrsst will bs choose, but you agree that the policy proceeds and asaessed on a daify basis on outstanding principsl at premium rebates will be paid to the 8ank. !f you don't the annual interest rate shown on ths revsrss side. Ii - keep the property insured or pay premiums on time. You deviate from the ag~esd payment scheduls, the . the Bank can pay the premiums tor you or cancal the ' interest will bs reduced for instelmsnri paid priar to policy and get insurance elsewhere. tf the Benk does the due data and increassd fo~ payment of instalments purchase such insurance elsewhere, it can select efte~ tha due date. You agree to pay a~y additional insurance which protects only the Bank's inte~est in accrued interest with the fina) psyment. You can the collateral or which protects both the Bank's prepay the entire balance of your loan at anytime, and ~ interest and your interest; in either case. you agree to intarest will be charged only tor the period you~ loan is t pby for any premiums advanced by the Bank with outstanding. But you understanci the bank won't ~ interest at eighteen (1896? perceni per annum. You refund any part of the proceasing fee. ~ appoini the 8ank as attorney-in-tact to negotiate and ' < handle all matt~rs with the carrier of any insurance on Repossession. The Bank can enter your premises and ~ ' your property. including but not limited to the repossess the collateral if the entire balance of the endorsement of checks and drahs. loan becomes due for any reason or if you break any ~ other promise you have made under this agreement. Cndit Lif~ Insuranc~. You agne thet if you rsquest ' No advance notice will be required. Or, upon request ~ credit life insurance by signing on ths revsns side of of the Bank, you wiN detiver the callateral to the Sank this agraement, you acknowl~d~s your undentendinp at a time and place desigrtated by it. ~ ~ that you have the option of assigning eny oths~ i r inwrance policy or policies that you own or may Once the Bank has possession of the collateral, it can ~ ~ procure for the purpose of covering your loan and lhat sell it and apply the amount it receives to the unpaid ~ credit lifs inwrence nesd not be purchassd from ths balance of your loan. The Bank will notify you at least _ - Bank in ordsr to obtain the loan. seven (7) days before the sale. li the sale price doesn't ~ cover the total amount you owe. you agree to pay the ` unpaid balance, including costs of repossession, 8alloon Psymsnt. !f a baUoon payment ezists at ~ maturity and is not paid when due, the Bank need not storage and sale, and reasonable attorney's fees. refinance the balloon payment. You may reapply for credit to the Bank: the Bank will consider the credit You agres to ~ecla~m anything in or on the application and loan in light oi the Bank's then repossessed collateral that isn"t covered under this effective lending standards a~d the Bank's then agreement withi~ thirty (301 days after repossession. ~ oHered loan rate and toan types. Otherwise, you agree that the Bank can abandon these items or donate them to charity. Collection Costs. You agree to pay any coNection costs, including reasonabte attorney's fees, if the 8ank Total Agreemsnt, This agreement and retated takes collection action. documents can only be modified in writing. It any part - of any of them is uneniorceable, th~ remaining parts Cotletsral Sscuns Oth~r Oebts. You agree tt~at ths will continue valid. ; collateral for this note described on ihe raverse side 4 also secur@s all of your other indebtedness and other Waiver of Pre•Existing Mortgage. Notwithstanding ~ obligations to the Bank, whather now existing or the provisions of any pre-existing rinortgage, this note ~ incurrsd in the future, except any such future shall not be secured by any mortgage on your principat ` obligetions will not be seCt~'ed by any mortgage on dwelling not described on tha reverse side. ~ Pref~nntial Rat~: If this is sn smpbyae loan, you understend that you witl be charged interest on this loan at s lower rate thsn normal because you ara an smployse of the Bank or one of its affilistes. You understsnd snd agree that if for any reason your employm~nt . tarminatas, or this ban is aswmed by a third party (if the Bank consents to aswmptionl. tha Annual ~arcentape Rste may be incrsassd to the rate selsctsrl by the Bank in iti sole discrstion ss ihe standard rate then chsr~ed to non-empbyee customen for the same type of losn, but in no svent in excsss ot the maximum lawful rats. You undentand thst the additional Financa Charge will bs added to each monthly payment. - NOTICE ANY HOL.DEii OF THIS CON8UMER CREDIT CONYRAC7 18 SUBJECT TO AU. CLAIM8 ANO OEFENSE8 WHICH TME DEBTOR COULD ASSERT AtiA1N8T THE SELIER OF OOOD8 OR SER~NCE8 OBTAINE~ WITH THE PROCEEDS HEREOF. RECOVERY HEREUNDER BY THE DEBTOR 8HAL1 NOT EXCEED AMOUNT8 PAlD BY THE DEBTOR HEREUNOER. s ~ O It checked hero, the abovs notice ot ctaims and defenses applies to this nots. g0~ ~~~V PACE ~ Faea~~ts ~a.r. usN ~R. 4/i4