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Home My WebLink About2049 v ~ _ ~ ~ 186001C~741 SUNLINE EQUITYAGftFFMENT r~,~~ E; Hugh 1'. Carney I I AND DISCLOSURE STl11 EMENT ' _ InErid Carn~„y' ~ P! ~!!5~ f1~Y![H' TtiiS AGAEctricFii C:n>i "thULLY. PARAGRAPNS 10, 11, 21, 23, OISClOSE CONOITIONS WHICH PEAMIT SUNBANIC TO TERMiNATE YOUR ACCOUNT, SUSPENU OR REUUCE YOUR CRE01T LIMIT OR INIPIEMENT MOD1F{CAT101iS TO TME TERMS. ~'~I~~t r CORRESPOtvUING ` ` ~~~t~~~~~' AMNUAt ~<:,if i~u~ 1.~41~ PERCEMiAGE 12.50 ~.+c!r~ i F~ ~ RATE e 1~~r. words "ypu' and 'your" mean each person who is nametf on the SunL~ne Equdy Account ("Account"?. The words "E3ank° o~ `~v~ nman SLI[1 Bank/Tre~G ~r •oaG Nat~onal Assoeiation theSunE3ank~ssun~qll~ellc•cvuM In consideraUOn of the ~ssuance t~ vou of Ihe Accn~ ~nr o....~. - ' . _ _ i .........1 a.y~ • • • « ~c ~~<<ct~t ui iiie uanx as toliows t loan Advances. You may obtam one or more loans or loan advances ("Loan Advance or Loan Advances') from the Bank (rom time to t~me. the ~ggregate ~:~~c1 nccount Gaiance of whlch sha~l nut exceed your Credit Line established by the Bank, by casli+ng AcCOUnt checks af not less than 53~0 00 wh+ch /lccount ~ s wal be issued to you by the Bank. Each Account check so cashed by you vnll be reta~ned by the Bank to substantiate the Iean or ioans Credit Line. You understand that each Loan Advance to you pursuant to this Agreement wilt be charged to your Account. Tne Bank wiil esiabl~sh the u~unt ol your Credit Line upon approval of your ~pplication, and your Credit Line, as may be changed from tirne to time as provided below, w~11 be show~. c.~~ yo~r ~nihiy statement The Bank sha11 have ~o obllgation to make any Loan Advance hereunder if making such Loan Advance wouid resutt ~n your Account t,atance r'tcc~ed~nq yr..ur Credd Line ! Agree To Pay. You ayree to pay the Bank the pnr.cipal amoun! o( all Loan Advances plus mterest and all other amounts and charges as prov~de~f In this -°~•~~+ne~H at the Ume, place and manner specified by the Bank on your monthly statement. a Interest Rate. I~terest on the Fnnc~pak amount ot ail i.oan Advances (m the to:m ot a Finance Charge) shall be at a`vanable° rate as set fortii be~uvr The ~ ax:~~,wr; mterest rate w~i~ not exceed 18%. Impositlon Oi FinanCe Charge. A Finance Charge will be imposed on Loan Advance transactions Irom the date the tranSaCtlon is posted to your Ac~ount ~~~s ~ fu~1 payment ~s ~eceived by the Bank and posted to your AccounL There is no time period w~thin which to pay to avoid a Finance Gharge Nowever, She more " a' you pay, and the sooner you pay, the {ess your Finance Charge will be. If you pay the New Balance appearing on your last statement in lul1, the Finance ~ ~~a~qes which accrued Irom ihe statement dat2 unt~l the posting date of your payment wifl appear on your next monthty statement. F Balance Uport Whlch A Finance Charge Will Be Imposed. We tiyure the Finance Charge on your Account by appiying the Monthly Period~c Rate to the r~. er ~;ye da~ty balance' ol your Account wh~ch includes current transactior~s. To get the 'average daily balance". we take the beginning batance ot ;~our Account ~ ich r1ay, add any new loan Advancas and subtr~ct any payments, credits, unpaid Finance Charges and unpaid Other Charges. This gives us the daity balance. ?~~e~ ~ ws add up all the daily balances lor the biGing cycle and divide the tota{ by the total number of days in the billing cycle. This gives us the `avErage da~ly ('~i~lf1CP ~ ' Amount OI Finance Charge. The Finance Charge w~ll be the 'average da~ly balance' o( ~oan Advances mult~p~~ed by a"variabte" rate ol inte~est as to!lows i ! 'r,e ANNUAL PERCENTAGE FiATE is equal to The Wall Street Joumal Pnme Rate plus 2°~. i + i iie minimum Monthty Period~c Rate shaU ~pt be less ihan .667% (COrresponding ANNUAL PERCENTAGE RATE is 8°'b). The VV&t~ Street Jou~na{ Prime A~te is i ~ndex which is defined as the hfghest prime rate published in The Wall Street Joumat "Money iiates" table. The Monthly Periodic Rate and correspor~dmg ; kNNIlIeL PERCENTAGE RATE (or the Billing Cycle are determined by referelce to The Wall Sireet Journal Pr~me Rate in eftect on the last busi~eess day of the ! ncn ,rnmedlately precQding the tirst day of the Billing Cycle and witl change wdhout notice by reterence to The Wall Street Journal Prime Rate +n eflect on t1 ~r last ! ~ess day pl each month. The Monthly Periodic Rate is determineci by dividing 12 into the ANNUAL PERCENTAGE RATE. i E? Oraw Period. You ma obtain Loan Advances for fi~e 5) ears (the "draw Y ( y period"). Duri~g the draw period payments will be monthly as provided in s ay rapt~ 14. Al the election of the Bank the draw pEriod may be renewsd (or up to !ive (5) additiona~ five (5) year periods The Renewals shal~ occur auiomat~caffy ~ !t~out r:otice and shatl be presumed unless you receive natice of the Bank's election not to renew. If the draw period ends without renewal, you w~ll no lonyer be , tr~ obtain Loan Advances. I( the draw pe~iod is npt renev~ed by tfie Bank, then the Bank may elect to demand payment in iuN ('Balloon Payment") or rt may ~ e•~~t to auow yau to pay the outstanding balance over time. !n any event, your Account shatl t>e payable +n fulS no Ia1er lhan thirry (30) years from the date ot ~ ut~on of this Agreement or on .TanLary~„ 2020 (`Maturity Date"). € ~ ~ Other Charges. Tfie ANNUAL PERCENTAGE RATE does not inc{ude costs othe? than ir.terest The ANNUAL PERCENTAGE RATE is a'yanable` rate ot ~~:t trom wtiich the Finar,ce Charge is computed In addition to th~ Finance Charge, the Bank will also charge the following amounts ('Other Charges-? to your '6 n I ~ E ~ A late payment charge noi to exceed 5%of any minimum payment in defauit for a per~od in excess of Ten (1Q) days; F xs F i i r? non-sutf!cient credit charge ot 520.00 if ypu write an Account check in exress of your available credit ar~d !he Bank fmds it necessary to retucn the AccouM ' ~heck: A returned cherk charge of 520 Od on any check, draft, or order which you submit as paymen! on ycur Account and which is returned to us as ~rpa~d. , : A stop payment charge of g15 00 tor placing a stop payment order on an Account cheLk; ~ A documentation or research charge for locatmg, copy~ng an~ (umishing at your request, Account checks, sta;ements or other evidence of Loan Advances or credits to your Account ~n an amount not to exceed the iellowing: $5.00 per check copy. $2 00 per slatement copy. and 512.00 Qer hour ot research 1;me. ~ A premwm for credlt Ideid+sabdity msurance if you have purchased the optional credit insurance. ~ R s~5 PAGEzo4s aoc~ ~y_ ~ .