HomeMy WebLinkAbout0066 ~
. ~
, Additionsl Tenns and Conditfons . .
Defauft: ~orrower will be in default if:
1. Borrower dces not make any scheduled payment on time:
2. Borrower is (or any other person puts Borrower? in bankruptcy, inso~vency or reCeivership;
3. Any ot Borrower's creditors attempts by legat process to take and keep any property of Borrower, includ~ng the property securing this loan:
4. Borrower ta+ls to tultilt any promise made under this agreement; or
5. A detauR occurs under any Real Estate Mortgage or Oeed af T~ust whict~ secures this loan or under any other mortgage or deed ot trust on
the real property.
4f Borrower defaults, Lendsr may require Bonower to repay the entire unpaid Principal balance and any accrued interest at once. After default,
Borrower agrees to pay actual and reasonabte attorney's fees as detemined by any court in which suit is filed plus court costs.
Sad Check: Lender may charge the greater of a$10 fee or the actual charge to the Lender if a check negotiable order of w~thdrawal or share draft
is returned for insu'ficient funds or insuf(icient credit.
Where the context requires, singular words may be read in the plural and plural words in the singular, and references to the mascuiine gender may
be read to apply to the teminine gender.
Other Terms: Each Borrower agrees that Lender can change the reFayment terms and ~elease any Property securing the ~oan. or add part+es to or
release partiesfrom thisagreemeniwithout noticetoanyother Borrowerandwithout releasinganyotherBorrowerfrom his responsibitities. Lende?
;~oes not have to notify Borrower before instituting suit it the note is not paid, a~d Lender can sue any or att 8orrowers upon the default by any
Borrower.
Borrower, endorsers, sureties and guarantors, to ihe extent permitted by law, severalfy waive their right to require Lender to demand payment of
amounts due, to give notice of amounts that have not been paid, to seceive notice of any extensions ot time to pay which Lender allows to any
Borrower and to require Lender to show parlicular diligence in bringing suit against anyone responsibie for repayment ot this 1oan, and additionally,
waive benefit of homestead and exemption laws now in force or later enacted, including stay of execution and condemnation, on any property
securing this loan and waive the bene(it of valuation and app~aisement.
Th ~s Disclosure Statement, Note and Security Agreement shall be the joint and severaf obtigation ot all makers, sureties, guarantors and endorsers
and shall be binding upon them, their heirs, successors, legal representatives and assigns.
;t any part of the Disclosure Statement, Note and Security Agreement and, it applicable, the Mortgage or Deed ot Trust and accompanying
ltemization of Amount Financed is unenforceable, this will not rnake any other part unenforceable.
E
4 ~ ~ NOTICE
~ ' ANY HOLDER OF THIS CONSUMER CREDIT CONTRACT IS SUBJECT TO ALL CLAIMS AND DEFENSES
~ ~ WHICHTHEDEBTORCOULDASSERTAGAINSTTHESELLERQFGOODSORSERVICESOBTAINEDWITH
~ THE PROCEEO~S HERE4F. RECOVERY HEREUNDER BY THE DEBTOR SHALL NOT EXCEED AMOUNTS
p ~ PAID BY THE DEBTOR HEREUNDER.
I
I
~
;
E
~
~Fg
t
~
~
S
ftp
B
~
~5
h
j~ ~
.A t~., . + '1 . .
r
#
,7
C
~
c
i
eoa~ 6~J vac~ Q~
v._ _ ,
~ . _
- -
. ; t. _
~ - - .