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FEOlEfRAL CRBDIT UNIO!! OOUGI.AS ;r; ERK t
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, HOME EC~UITY PLAN CREDIT AGREEMENT & TRUTH-IN-LENDINQ DISCLOSURES ~ i
Agreement betwee~ FPl EMPLOYEES' FEDERAL CRE~IT UNION and
IIi~.S'P JO~EPtI RbHRBACKIIt and AL'I'~~FA A. ROHRB~CICFR, His Wife ot
1018 Proctor Lane Pbrt St. Lucie, FL 33452 (conaro~eu secu~ aocax~l on.Jtx~e 1; 19~! .
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~ccpurrr # 13109-024 uNE oF CRED~ uMtr s 29, SOO tiu?TURInr a?~ Jlx~e 1, 20Q2 . i
The urxls~s~gnsd msn~berls) joi~+thl and severaMY ePPN tor a NOME EWIITY LOAN PL11N b bs used tor provident and Produaivs purPoses. a+K? egrae
with ths above ~art~ed credit uNon co the terms bebw. This docurt~t inciudee a rnnh~in-I.endinp d~ado~we. Dlscbsun nqulnd. « additioeN
Mfom~lio~t PKmltt~d, b!? tfM 7tutMn-l.endhq Act and Fipulaibns ah prMbd M thb typ~.
t.) ADV~trCES: IMtw ~n Adv«~w : 5, 000 . IWntm~un oa»? Adva+~o~ = 2, 500 o~a ot t~tt Ad+rano~ J~c~e 1, 20~
upon +pwrn?d o~ a+s o~IS a u~e Home Equih? «edt applicauo~ a~a M aooorda~,oe wilh a,s ««~i1 uNon Ho~TS Ec~uay as~ Yniit po~c~ u~e c~t uNo~
may Uom time to tims make ons or more advances to the u~dersigr~ed n~ember(e) who n+h? P~Y tM b~tane~ fi~ll or M p~ut at aey tle~ wlthout
.p~a1h ~xqp~ t~ m~ne~n p~ipdk p~y~r»nb an nqulnd On ~sCh io«t ~o0oun! npirdNss o~! Mh/ pM~Y~~~, ~~q p~Y
sxlsb. Th~ sh~N b~ no Ii~bNity4 horwv+r, und) an tdvar~ce Is roqwst~d, approwd ~nd dbbun~d.
The Credt tx~ior~ resKVSS tl~e tigttt b ame~~d or terminate tl~is aqreement ot retuse any requeat for an sdvartoe at any tlrtie for arry reaeon not p~ohibited
y? ~aw ana s~,a~ adior? snaN na anece cne obligadons or u,e undersignea or any other ~obligacof
For vakie received and to be received. the w~dersig~ed rtiaker(s) jointtY and ssve?aqy (each sf~aN be agent ior the otl~et and be responeible ta the
advsncea t0 ths other, vN~sthe~ with knovvledge of same or nol) p~omise to pay to 1he aedit union all sums advanCed from tima b t~ns an ban eooo~mta
under Ws Wen AQreemeet•
2.) FINANCE CHARGE: The FlNANCE Ck1AFlGE begins or~ the date of each advanoe. The periodic rate d ftnar~oe d~enps toctay is .~26~ %
which is equal to an ANNUAL PERCENTAOE RATE OF 9.75 9'0. The annual percentage ?ate (APR) maY dtange. ard wFM aMreys bs
points above the foNowin9 `base rate' ~j. £l~i~ Pl31[~ Ii~ .(Base rate ksted in the Miami lie?a{d) The APR is adj~atable to a maximum ;
i~ease of ~_y6 per year or __~______96 for term. The FINANCE CHARGE is oomputed bN ~~Y P~~ raEe X ths unpaid ~
ban balance X ihe number of days sinoe your last payn?eM. The balar?ce used to oompute tl~e finance charge ta tfte actud t~npaid loan balanoe each
day after aedits have been subtracted and new charges and new advances hav~e been added.
The Cre~it Unbn has the rigM to change the terms of this d~. induding the daiy Pedodic rate. Maker(s) sha11 receiYe fiiteen (15) d$ya r~otlce of arry
change in terms other than the daily periodic rate previously d~sclose0. A change in the daily periocGc ?ats may, at tha Credt Unions option. be applied
to existing balances. -
Floritia Doarr~tarY StanM~s are d~a~ged on each advance at the rate o( t5t per hundred doMars. a hacllon part 1her~sM. Any k~asase intetest rate
wiM not take the torm of higber payrtrent art~our?t. An incxease in the interest rate vrill requira more paymenta of the aams ert~ouM.. _
' 3.) MINIMUM PAYMENT. The line ot credit wiN be repaid as idlows: either the fuN am0unt biNed shaN be paid or• at my option. n inateNment e4ua1
to at i~st the requlred min~rtum paymen~ If the outstanding balanca of my aooount is St00 a less. it wi9 be payabb in fuq. The req~dred min~num
~„o~,nay ~r~,e sna~ be a~e ~te~ a s~ oo. ~~s a,e ern~ re~ a u,e o~,cs~ ~a~e ~ eXOess a my c~ wm, a~,s +~,r arrw~n ~ec a~,•.
aun~n p.yrn.r~ a+..a~ ~oa~+.~cow~t sr+w b..s ~ovw.a ror by w~w«ay a~ty sa»aw. a p.~,r~ c~w ~ w++N++K
an n,«nber Is on a a-w.dcty or montlNr wrrou dsduetan) based on a» oue~dtnp .eooum bal.noa anai ..d~ aar.ncf:
Minlmwn bi~wwicllNnwMh~Y WYmrnb shatl not b~ roduced twn thouph tM prlnclp~l d~Clltws ~s p~~?rlNntt ~n tnaM. PaytrNnts wNl b~
cndll~d Wfon nak~t of th~ b{-wMkh or monthly payroll deductbns. Paymsnta shalt D~ dw an tM b4wwkl~? a monWy basls, sxwpt that:
/1. 1NIMn an sdv~no~ N ma~N on a loan sccouM having a~+o !~alane~. ttw flrst payrtwnt shall b~ dw on ttN appilcabl~ dw da~s on tM j'=
bl-w~Nc or moMA totlowi+q the sdv+~ncs. and
B. W1~ wb~qwnt advar~ees ~sult In an Iraxeas~ tn ths mtnlmum bl-weekty or moMh~y p~yn~sn~ sueh t~asp staN b~eortM ~M~ettw
on ttw applkabN dw daa of tM bl~ws~k or monih fotbwtng the bt-wedc er ths nxx~th In whld~ 1tM advarto~ was nNd~.
Esch paym~M on ~ toon accouM wlil tirst b~ applbd to htlro tM FlNMaCE CHAR(iE th~n ~ snd th~ hmNndK appll~d to th~ unpYd PM~Pr ~
bst~nc~: an~? w~pstd Patlon o! 1!w FlNANCE CHARaE wlll bs Pald h1? subs~qu~~ P~Y~ and not atkNd to th~ prNutp~l.
In the case of detaull ir+ anY PeYments as herein agreed. or in the case Lwe leave the field M rt~embership tluou~ a ~eave of abser~ce or any other
rea,~ or in case UVve Usns(er from the operating territory oi FPL Empkryees Federal Credit Union, the enGre balance ot this nMe SheU beoome immediately
due and payabte at the op6on ot the tw+aer.
Credit Union Righls: The Gredit Un'an can delay entorc~ng any of its nghts under this Agreement vrittaut bsing them. Credit Union reserves the right to
cfiange the index should the one disclosed cease to ezist.
4.) Cow?TEwu.: 1018 P~co~t~or 1~~
Port St. I~ucie, FL 33452 -
Uwe, the undsrsigned do hereby pleclge oft paid shares and payments on shares which 41~re have now or hereafter may have in this Credrt Union as
I~~ security for this loan. This pledge and assignment is given to secure the payment of this loan and interest costs that may aocrue tl~ereon and Uwe he~eby
authorize the Treasurer to apply any or a11 such paid shares and payments on shares to the payment oi said ban and interest oosts.
NpTE: Shares and/or depos?ts in an IRA or Keogh Plan account are not subjecl: to any right ot set ofl or to the pleclge d ahares andlor deposils.
Uy11a ag~ee that tl~e shares pleck,~d by the borrower may be released at the discretion o( the Credit Unan, provided that the losn ~s current. ~
5.) INSUHANCE: ~
Credit Li(e Insurarloe: CredA Life Insurance is not required to obtain credit. We wiii provide no Covetege unless you 8gree to psy fhe addition8l Cost.
Seper8t8 d0aimertts mu5t be Signed if Credit lite InsuranCe ~s desited. ~
property Inaura+~ce: PropaAy insurar?ce is required for this plan and I'We may obtain ihe insurarxs from any insurer of my/our choice that is scceplable ~
to the Cre~it unio~. ~
6.) OTHER CHARGES: ~
H payment is late, 10 days atter loan due date, you will be charged 20ao o( the interest due or S5•00. wh+cheve? is 9reater. ~
. ig (~rther agreed by each party hereto, that in case payments shap not be made at maturity, Uwe shall pay the reasonable costs oi ootlec6on. indudi~9
reagpnable attomey feea. but such charges in no event sha11 be less than 510. See attachment for additiao~~af other charges in oannection with your F~ome
Equity Loan Agreeme~t.
Undersigrred agrees that the credit union is auttwnzed trom cm~ to time as it deems necessary to make inquiries pertaining W e~r~ptoyment. uedit slerbing
and finar~cial responsibility.
The undersigned agrees that (a) the creAit union may retam ~h~s agreement to compty with tederal and,'or state law (b) in oompliarxe w+th applicable ~aM?,
regulation and this agreement the credit unan may change the terms of the p~an from time to time upo~ prior notice mailed to the undersigned'S ~ast
kn~wn address as sFqwn on the records of the credit union.
7. SIGNATURES: 8y signing betow: you ag~ee to the terms on both sides of this agreement and you prc~mise to pay arry amounts you owe under
thia a~eemenl. You also state that you received a completed oo~/ of the agreement on todays date.
Pfan Oesired: ~ Indrvidua! ~ Joirn with: _ Althea A. Rohrbacker Relationship spOUSe
witneas our hand(s) and seal(s) this day of . 19~ ~ R ~GE v~/ +
~ooa,rn No. 13109-02~ r ~ooK «
PPL ANT MAKER ~ME 1 ~r J. ~[a[x.aC~I~
nc,courn ~to. 13109-024 /P~~,,..~~n (sea~)
~ A ANT MAI(ER 1 I •
NOTICE: SEE REVERSE SIOF~,~OR lMPOATANT ~NFORMA~ICN REGARDIN~ YOUR RI(31iTS TO ~ISPUTE 81WNCi (BTATEMEPIT) ERROF~S.
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