On October 31, 2017 a
Exhibit,Appendix
was filed
involving a dispute between
Keybank, National Association Successor By Merger With First Niagara Bank, N.A.,
and
Allison M. Futch As Possible Heir And Distributee Of The Estate Of Janet M. Warner A K A Janet Marilyn Warner,
Amy L. Morrison As Executrix Of The Estate Of Janet M. Warner A K A Janet Marilyn Warner,
Bruce W. Barker As Possible Heir And Distributee Of The Estate Of Janet M. Warner A K A Janet Marilyn Warner,
Chrysler Financial Services Americas Llc F K A Daimler Chrysler Financial Services Americas Llc,
Elizabeth A. Barker As Possible Heir And Distributee Of The Estate Of Janet M. Warner A K A Janet Marilyn Warner,
John Doe #1 Through John Doe #20, The Last Twenty Names Being Fictitious And Unknown To Plaintiff, The Persons Or Parties Intended Being The Tenants, Occupants, Persons Or Corporations, If Any, Having Or Claiming An Interest In Or Lien Upon The Premises,
Marine Midland Bank, N.A.,
Molly J. Mathis As Possible Heir And Distributee Of The Estate Of Janet M. Warner A K A Janet Marilyn Warner,
People Of The State Of New York,
Robert A. Lyon As Possible Heir And Distributee Of The Estate Of Janet M. Warner A K A Janet Marilyn Warner,
Southern Chautauqua Federal Credit Union,
United States Of America,
for Real Property - Mortgage Foreclosure - Residential
in the District Court of Chautauqua County.
Preview
FILED: CHAUTAUQUA COUNTY CLERK 04/23/2018 12:59 PM INDEX NO. EK12017001406
NYSCEF DOC. NO. 30 RECEIVED NYSCEF: 04/23/2018
ihsibegins variable periodwtgbellg
FILED: CHAUTAUQUA COUNTY CLERK 04/23/2018 12:59 PM INDEX NO. EK12017001406
INDEX NO. EKl2017001406
13CHAUTAUQUA
E.T.LED: DOC. COUNTY CLERK 10/31/2017 04:17 PM
NYSCEF NO. 30 RECEIVED NYSCEF: 04/23/2018
NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 10/31/2017
7
iI EQUTTY™
ULTRAFLEX HOMEEQUITY '" LINE OFCREDITACCOUNTAGREEMENT
FirstNiagaraBank,N.A.
I
Date 11/20/2012
I AccountNumber45 6047 2666
,I Borrower
Usname
andaddresn RobertNarnez'
Wnruez'
anter 604 Big Tree SugarGroveRd; Jamestown.,NY14781
(, Borrower
2's andaddress:.Janet warner684 Big Tree SugarGroveRd, Jamestown,NY14701
name
andaddress:
Barrower3's
Borrower
4'sunme
andaddress:
Address security:604 Big Tree Sugar Grove Rd, Jamestowri,NY 14701
ofrealestate
. .
Ilmli
credit $52 , 000.00
pp variable
rateportfoa
margin 0 . 740
% Maximum
Rate 15 . 9
% Minimum
Rate 3 . 74
%
Initialvariable
rateportion
corresponding
ANNUAL RATE
PERCENTAGE 3 99 % Initialvariable
rateportion
dailyperiodic
rote 0. 010932 %
Non-discounted
initialvariable
rateportion
corresponding PERCENTAGE
ANN1JAL RATE 3_9
99 %
initialvariable
Non-discounted rateportion
dailyperiodic
rate 0. 010932 % Lastdiscounted
ratebilling
cycle
month N/A
12-12.0 fixedrotehenmargin
month 4 . 50 %·
% 12U180
month
fixedrateloanmargin
4 . 50 %
month
12-120
Firstbillingcyclefixedrateleancorresponding
PERCENTAGERATE
ANNLIAL margin 7. 75 °/o
Firstbillingcycle
12:120
month
fixedrateloandailyperiodic
rate 0. 021233 */8
121.180
Firstbillingcycle
month
fixedrateloancorresponding
ANNDALPERCENTAGE
RATE
margin 7 , 75 o/o
121-180
month
Firstbillingcycle fixedrateloandeityperiodic
rate 0. 021233%o
/o
X Nointerest-only
period period
Interest-only Appealsal
Fee $200 pp
$2pp
Fee
Survey5 0. 00 Search
Fee $3S. 00 Mortgagee
Titleinsurance
Premium
S 0. 0O
Mortgage fee
recording Mortgage
tax $495.00 Certifiestion
Flood fee $11. 00
Estimated
Mortgage
discharge feeS
recording SO. 50 Llenprotector
8 0 . 00
L ofsome
Menning wonl
s.Inthisagreement onthedayafter
begins ourlastbusiness
dayinanycalendar
month
and onour
ends
lastbusiness calendar
dayofthenextmonth.
a. "You"and
"your"
mean
anyone thisagreemeal
asaborrower
signing
Afinance
charge forthcuse
isacharge ofcredit.
A corresponding
annual
b. "Wc,"
"We""us' "our"and"ours"
mean
First
NiagaraN.A,6950
Bank, South percentage
steisacost
oferedit
expressed
asonannual
rate.
TransitP.O.
Road. BoxS14, NY 1409541514;
Lockport,
2. prewperiod. foryouraccountis
11edrewperiod theperiod
daring
c. account"
"Your means
theUltra F!quitysia
FlexHome lineofcredit which
wewillextend
creditunder whether
youraccount, rate
asavariable
account
thatweopen
under
thisagecoment; orfixedrateloan.Thedrawperiod
advance willbe329
billingcycles
or
teayears
approximately therealestate
(unless islocated
inConnecticut,
hi
d. "Thevariable
rate ofyouraccount"means
postion theportion
ofyour case
which thedrawperiod
willbe118billingcyclesnine
orapproximately
account
under
which
finance aretobecharged
charges oncredit
extended years
andtenmonths).
inourdiscretion,
inletstherealestatois
located
in
byus wemay
extend
Connecticut. thedraw
periodin
one
ormote aslonger
increments
under
youraccount percentage
atacorresponding
annual rate
thatmayvary:
thedraw
period notexceed234
asextended
does eycles
billing 19
orapproximately
e. check"
chock"
"Advance years
andsixenonths.
Ifweextend
thedrawperiod,
wewillsend
youanotice
of
anyadvance
means check
thatwchave
supplied
or theextension.
supply w.iththevariable
foruse rate
portion
ofyottr
account;
advance" . 3. rateadvances.
variable
Obtaining totheprovisions
Subject ofthis
C rate
"Variable anyadvance
means made thevadable
under rate avariable
rate
advancebeobtained andusing
un
portion
ofyouraccount: agreerneat, may bysigning
advance
check
asanordinary
check
would
besigned
and andwewillmake
used,
. tilevariable
rate
advance ot'
intheamount
oftheadvance
check 'the
I.
advance" bypaying
g. valiable
"Outstandingrate anyamount
means obtained
aspart cheek.
advance Voumust
notwritetheadvance than$50S.
checkfor
less Also,
ofavariable
advance
rate and
posted under
toandpayable rate
thevariable subject
totheprovisions
agreement.a
of1his rate maybeobtained
advance
variable
portion
ofyouraccotmt: inanyother
w e
way allow(forexample,thevariable
byrequesting rate
advance
by
loan"means telephone
orcomputer).
Finally,subject
toprovisions wemay
ofthisagreement.
h. rate
"Fixed anycreditbyusunder
extended youraccount
for make rate
avariable
advance
bypaying {such
cost
anyclosing asamortgage
tax) .
which
thecorresponding
annual
percentage
rateisafixedrate; inconnection
withthisagreement
thatwecan1cgally
require
youtopayand
that
donotpaybefore
wemake
thevariable
rate Wewillnothave
advance. to
I. "Fixed
rateloan principal"
anyamount
means as
obtained make
ou1standing anyvariable
rate
advance
ofter
theend
ofthedraw
period.for
your
account.
partofafixedrateloan
andnotyetrepaid
asdetermined
agenerally
using
accepted
actuarial
method; 4. fixedrateloans.
Obtaining Subject
totheprovisions
ofthisagreement,
youinnyobtain ofalloutstanding
afixedrateloantopayalteranyportion
J. "Thebalance role
ofthevariable
portion account"
ofyour means
all variable
rateadvances our
procedures
byfollowing for afixedrate
requesting
variable
outstandingrateadvances.
finance
charges
andother
charges
posted
to loan.
Thenmount beatleast
S5,000.
ofthefixedrateloanmust Byobtaining
andpayablethevariable
under ofyour
rateportion
account; thefixed
rateyouwillineffect
loan, convert annual
percentage
thecorresponding
rate ontheoutstanding
youarepaying variable
rateadvances
paidbythefixed
rate
k.. ofyouraccount"
"Thebalance thetotalofthebalance
means ofthe loan
fromonethat
mayvarytoonethatisfixed.Wedonot
haveto
necessarily
variable
rateportion
ofyouraccount
andallamounts
payable
tousin thefixed
make rate
leanon
thedate
weteceive
yourrequest
forthefixed
rateloan
connection
withfixedrate
loans
and
remaining
unpaid; although
tlicconesponding
percentegerate
annual forthefixedrateloan
willbe
fixed
asofthatdate.
Youmayrequest
thenumberef in
payments
monthly
l. "Therealestate"
therealproperty
means described
commonly bythe thefixedratcloan
which istoberepaid.
Thenumberef payments
monthly
address
ofrealestate
shown
security ofthisagreement:
atthebeginning yourequest cumber
seawhole
must 12and180.Youmost
between payusa
feeof350forthefixedrateloan,
lack-in which
isafinance
charge
inaddihon
rn. lien"rneans
"Themortgage themortgage
lienonthereal
estate tof nance described
charges I8.Youmay
inSection notatanytunehave
being more
given
tousassecurity
forthepayment
ofamounts
payable
under
this thanthree
fixedrateloans
forwhich anyIIxedrateloan
thereis
agreement; principal
outstandingatthattime.Wewillnotmake
anyfixedrateloan
after
theendofthedrewperiod
foryeardecount.
n. "Themortgage"
thedocument
means usthemostgage
giving lies;and 5. Prohibition
ofcertain .
notbeobtained
transactions.
Credit
may tinder
your
eycle" account
foranypurpure
then
other orhousehold
apersonal,
family purpose.
Credit
0. means
'Billing either thatbegins
theperiod onthedaywemake not
beobtained
your
under a for
ccount prohibited
orunenforceable
theErstvariable
advahce
rate youraccount
under andends stay
onourlastbusiness any
(forexample,
transaction anyillegal but,ifit is,yougiveup
transaction),
gambling
dayinthecalendar
month thatdayfallsoranysubsequent
inwhich that
period
Page ). of8
vnriablc
FILED: CHAUTAUQUA COUNTY CLERK 04/23/2018 12:59 PM INDEX NO. EK12017001406
INDEX NO. EKl2017001406
ELLED:
NYSCEF DOC.nÇHAUTAUQUA
HAUTAU
NO. 30 UA COUNTY CLERK 10 /31/2 017 04 : 17 PM RECEIVED NYSCEF: 04/23/2018
NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 10/31/2017
I thatyoudonothave
anyclaim torepay
thecredit
ontheground
thatthe 10, Creditlimitforvariable
rateportion Thecredit
ofaccount limilforthe
tansaction
was
prohibited
orunenforceable.
and
youmust us
indemnify variable
rateportion
ofyour anycalendar
atanytimeduring
account week
willbe
against
each loss.and
cost
liability, expense of
costs
(forexample, determined from limitshown
theinitial
bysubttacting credit atthebeginning
of
investigation if wehireanattorney
anddefense
and, foradvice,
litigation
or allfixed
thisagrecmont
rateloan principal
outstandingattheend
ofourlast
anyother reasonable
purpose, atiomey's
fees
and
other
legal thatis
expenses) business
dayoftheprecedingortheendofthemost
week
calendar ended
recently
incuned
by.imposed
onorasserted
usasaresult
against ofthetransaction. whichever
cycle,
billing islater,
6. Obligation
tomake
variable
rateadvances.
asprovided
Except inthe 11. Corresponding
annualpercentage
rateforvariable of
rateportion
), sent wewillbeobligated
ence,
following tomakevariable
any rateadvance: account
forbillingcycle.
Theinitial
vadable
rate
portion annual
corresponding
rateshown
percentage ofthisagreement
atthebeginning willbethecorresponding
a. Thatissought
bytheuse
ofanadvance
check
asdescribed
inScotion
3 annual rateforthevariable
percentege rateportion
ofyouraccount
fortheperiod
aslongastheadvance
check
ispresented
tousforpayment
intimeforusto onthedate
beginning ofthisaglecment
andcoding
onthelastdayofthebilling
postthevariable
rateadvance
tothevariable
ratepostion
ofyouraccount
in cycle inthelastdiscounted
beginning ratebilling
cycle
month
shown
atthe
course
theordinary
ofourbusiness
notlaterthan
theend
ofthedraw
period ofthisagreement.
beginning The annual
percentage
corresponding rate
forthe .
foryouraccount;
or variable
rateportion
ofyour
account
foranybilling
cycle after
thatbegins
the
period tointhepreceding
referred sentence
willbethetotal,
rounded
tothenearest
if'
b. Thatissought
inanyother
waydescribed3aslongaswe
inSection (or,if thetotalisanequal
1/8% distance
fromthenext
Jower
1/8% thenext
and
allrequired
receive information forthevariable
therequest
concoming rate higher rounded
1/S%, tothenext
higher
1/8%), marginthe
and
oftheapplicable
intintsforustopost
advance thevariable
rate tothevanable
advance rate highest
rateidentified
asthepnme
ratebyTheWanStrect
Journd
initstabic
ofyoursecount
intheordinary
course
ofourbusiness entitled Rates"
"Money onourlastbusiness
dayit ispublished
inthecalendst
portion hotlater
than
theendofthedraw
foryour
period account. month thecalendar
preceding monthin thebilling
which cycle
begins.
The
willbethevariable
applicable
margin rateponion
margin
shown
atthebeginning
Wewillnotbeobligated
tomake
thevariable
rate
advance
if: ofthisagreement
unless
atthebeginning cycleanyminimum
ofthebliling
forthevariabic
payment rate
ponion
ofyouraccount
oranypayment
foranyfixed
a. Attheüme
wedecide
whether
tomake
thevariable
rateadvance
the rate
loanhadnotbeen
within
paid 40days thedate
after itbecamewhich
duo,in
ofthevariable
balance rate
ponion
ofyouraccoulit
ormaking
exceeds, the case willbetwopercentage
theapplicable
margin higher
pointsthan
thevariable
rateadvance
variable thebalance
would'cause ofthevariable
rateportion
of ralePortion
margin
shown
atthebeginning
ofthisagrcoment.
Butthe
youraccount
toexceed,
thecredit
limitfortheva1ieble
portion
rare ofyour percentage
annual
corresponding rate
willnotbcmore
themaximum
then mte
youarcprohibited
accoum, withSection
inaccordance 39or41from atthebeginning
shown ofthisagreement
cries(than
theminimum
vate
Preview
FILED: CHAUTAUQUA COUNTY CLERK 04/23/2018 12:59 PM INDEX NO. EK12017001406 NYSCEF DOC. NO. 30 RECEIVED NYSCEF: 04/23/2018 ihsibegins variable periodwtgbellg FILED: CHAUTAUQUA COUNTY CLERK 04/23/2018 12:59 PM INDEX NO. EK12017001406 INDEX NO. EKl2017001406 13CHAUTAUQUA E.T.LED: DOC. COUNTY CLERK 10/31/2017 04:17 PM NYSCEF NO. 30 RECEIVED NYSCEF: 04/23/2018 NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 10/31/2017 7 iI EQUTTY™ ULTRAFLEX HOMEEQUITY '" LINE OFCREDITACCOUNTAGREEMENT FirstNiagaraBank,N.A. I Date 11/20/2012 I AccountNumber45 6047 2666 ,I Borrower Usname andaddresn RobertNarnez' Wnruez' anter 604 Big Tree SugarGroveRd; Jamestown.,NY14781 (, Borrower 2's andaddress:.Janet warner684 Big Tree SugarGroveRd, Jamestown,NY14701 name andaddress: Barrower3's Borrower 4'sunme andaddress: Address security:604 Big Tree Sugar Grove Rd, Jamestowri,NY 14701 ofrealestate . . Ilmli credit $52 , 000.00 pp variable rateportfoa margin 0 . 740 % Maximum Rate 15 . 9 % Minimum Rate 3 . 74 % Initialvariable rateportion corresponding ANNUAL RATE PERCENTAGE 3 99 % Initialvariable rateportion dailyperiodic rote 0. 010932 % Non-discounted initialvariable rateportion corresponding PERCENTAGE ANN1JAL RATE 3_9 99 % initialvariable Non-discounted rateportion dailyperiodic rate 0. 010932 % Lastdiscounted ratebilling cycle month N/A 12-12.0 fixedrotehenmargin month 4 . 50 %· % 12U180 month fixedrateloanmargin 4 . 50 % month 12-120 Firstbillingcyclefixedrateleancorresponding PERCENTAGERATE ANNLIAL margin 7. 75 °/o Firstbillingcycle 12:120 month fixedrateloandailyperiodic rate 0. 021233 */8 121.180 Firstbillingcycle month fixedrateloancorresponding ANNDALPERCENTAGE RATE margin 7 , 75 o/o 121-180 month Firstbillingcycle fixedrateloandeityperiodic rate 0. 021233%o /o X Nointerest-only period period Interest-only Appealsal Fee $200 pp $2pp Fee Survey5 0. 00 Search Fee $3S. 00 Mortgagee Titleinsurance Premium S 0. 0O Mortgage fee recording Mortgage tax $495.00 Certifiestion Flood fee $11. 00 Estimated Mortgage discharge feeS recording SO. 50 Llenprotector 8 0 . 00 L ofsome Menning wonl s.Inthisagreement onthedayafter begins ourlastbusiness dayinanycalendar month and onour ends lastbusiness calendar dayofthenextmonth. a. "You"and "your" mean anyone thisagreemeal asaborrower signing Afinance charge forthcuse isacharge ofcredit. A corresponding annual b. "Wc," "We""us' "our"and"ours" mean First NiagaraN.A,6950 Bank, South percentage steisacost oferedit expressed asonannual rate. TransitP.O. Road. BoxS14, NY 1409541514; Lockport, 2. prewperiod. foryouraccountis 11edrewperiod theperiod daring c. account" "Your means theUltra F!quitysia FlexHome lineofcredit which wewillextend creditunder whether youraccount, rate asavariable account thatweopen under thisagecoment; orfixedrateloan.Thedrawperiod advance willbe329 billingcycles or teayears approximately therealestate (unless islocated inConnecticut, hi d. "Thevariable rate ofyouraccount"means postion theportion ofyour case which thedrawperiod willbe118billingcyclesnine orapproximately account under which finance aretobecharged charges oncredit extended years andtenmonths). inourdiscretion, inletstherealestatois located in byus wemay extend Connecticut. thedraw periodin one ormote aslonger increments under youraccount percentage atacorresponding annual rate thatmayvary: thedraw period notexceed234 asextended does eycles billing 19 orapproximately e. check" chock" "Advance years andsixenonths. Ifweextend thedrawperiod, wewillsend youanotice of anyadvance means check thatwchave supplied or theextension. supply w.iththevariable foruse rate portion ofyottr account; advance" . 3. rateadvances. variable Obtaining totheprovisions Subject ofthis C rate "Variable anyadvance means made thevadable under rate avariable rate advancebeobtained andusing un portion ofyouraccount: agreerneat, may bysigning advance check asanordinary check would besigned and andwewillmake used, . tilevariable rate advance ot' intheamount oftheadvance check 'the I. advance" bypaying g. valiable "Outstandingrate anyamount means obtained aspart cheek. advance Voumust notwritetheadvance than$50S. checkfor less Also, ofavariable advance rate and posted under toandpayable rate thevariable subject totheprovisions agreement.a of1his rate maybeobtained advance variable portion ofyouraccotmt: inanyother w e way allow(forexample,thevariable byrequesting rate advance by loan"means telephone orcomputer). Finally,subject toprovisions wemay ofthisagreement. h. rate "Fixed anycreditbyusunder extended youraccount for make rate avariable advance bypaying {such cost anyclosing asamortgage tax) . which thecorresponding annual percentage rateisafixedrate; inconnection withthisagreement thatwecan1cgally require youtopayand that donotpaybefore wemake thevariable rate Wewillnothave advance. to I. "Fixed rateloan principal" anyamount means as obtained make ou1standing anyvariable rate advance ofter theend ofthedraw period.for your account. partofafixedrateloan andnotyetrepaid asdetermined agenerally using accepted actuarial method; 4. fixedrateloans. Obtaining Subject totheprovisions ofthisagreement, youinnyobtain ofalloutstanding afixedrateloantopayalteranyportion J. "Thebalance role ofthevariable portion account" ofyour means all variable rateadvances our procedures byfollowing for afixedrate requesting variable outstandingrateadvances. finance charges andother charges posted to loan. Thenmount beatleast S5,000. ofthefixedrateloanmust Byobtaining andpayablethevariable under ofyour rateportion account; thefixed rateyouwillineffect loan, convert annual percentage thecorresponding rate ontheoutstanding youarepaying variable rateadvances paidbythefixed rate k.. ofyouraccount" "Thebalance thetotalofthebalance means ofthe loan fromonethat mayvarytoonethatisfixed.Wedonot haveto necessarily variable rateportion ofyouraccount andallamounts payable tousin thefixed make rate leanon thedate weteceive yourrequest forthefixed rateloan connection withfixedrate loans and remaining unpaid; although tlicconesponding percentegerate annual forthefixedrateloan willbe fixed asofthatdate. Youmayrequest thenumberef in payments monthly l. "Therealestate" therealproperty means described commonly bythe thefixedratcloan which istoberepaid. Thenumberef payments monthly address ofrealestate shown security ofthisagreement: atthebeginning yourequest cumber seawhole must 12and180.Youmost between payusa feeof350forthefixedrateloan, lack-in which isafinance charge inaddihon rn. lien"rneans "Themortgage themortgage lienonthereal estate tof nance described charges I8.Youmay inSection notatanytunehave being more given tousassecurity forthepayment ofamounts payable under this thanthree fixedrateloans forwhich anyIIxedrateloan thereis agreement; principal outstandingatthattime.Wewillnotmake anyfixedrateloan after theendofthedrewperiod foryeardecount. n. "Themortgage" thedocument means usthemostgage giving lies;and 5. Prohibition ofcertain . notbeobtained transactions. Credit may tinder your eycle" account foranypurpure then other orhousehold apersonal, family purpose. Credit 0. means 'Billing either thatbegins theperiod onthedaywemake not beobtained your under a for ccount prohibited orunenforceable theErstvariable advahce rate youraccount under andends stay onourlastbusiness any (forexample, transaction anyillegal but,ifit is,yougiveup transaction), gambling dayinthecalendar month thatdayfallsoranysubsequent inwhich that period Page ). of8 vnriablc FILED: CHAUTAUQUA COUNTY CLERK 04/23/2018 12:59 PM INDEX NO. EK12017001406 INDEX NO. EKl2017001406 ELLED: NYSCEF DOC.nÇHAUTAUQUA HAUTAU NO. 30 UA COUNTY CLERK 10 /31/2 017 04 : 17 PM RECEIVED NYSCEF: 04/23/2018 NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 10/31/2017 I thatyoudonothave anyclaim torepay thecredit ontheground thatthe 10, Creditlimitforvariable rateportion Thecredit ofaccount limilforthe tansaction was prohibited orunenforceable. and youmust us indemnify variable rateportion ofyour anycalendar atanytimeduring account week willbe against each loss.and cost liability, expense of costs (forexample, determined from limitshown theinitial bysubttacting credit atthebeginning of investigation if wehireanattorney anddefense and, foradvice, litigation or allfixed thisagrecmont rateloan principal outstandingattheend ofourlast anyother reasonable purpose, atiomey's fees and other legal thatis expenses) business dayoftheprecedingortheendofthemost week calendar ended recently incuned by.imposed onorasserted usasaresult against ofthetransaction. whichever cycle, billing islater, 6. Obligation tomake variable rateadvances. asprovided Except inthe 11. Corresponding annualpercentage rateforvariable of rateportion ), sent wewillbeobligated ence, following tomakevariable any rateadvance: account forbillingcycle. Theinitial vadable rate portion annual corresponding rateshown percentage ofthisagreement atthebeginning willbethecorresponding a. Thatissought bytheuse ofanadvance check asdescribed inScotion 3 annual rateforthevariable percentege rateportion ofyouraccount fortheperiod aslongastheadvance check ispresented tousforpayment intimeforusto onthedate beginning ofthisaglecment andcoding onthelastdayofthebilling postthevariable rateadvance tothevariable ratepostion ofyouraccount in cycle inthelastdiscounted beginning ratebilling cycle month shown atthe course theordinary ofourbusiness notlaterthan theend ofthedraw period ofthisagreement. beginning The annual percentage corresponding rate forthe . foryouraccount; or variable rateportion ofyour account foranybilling cycle after thatbegins the period tointhepreceding referred sentence willbethetotal, rounded tothenearest if' b. Thatissought inanyother waydescribed3aslongaswe inSection (or,if thetotalisanequal 1/8% distance fromthenext Jower 1/8% thenext and allrequired receive information forthevariable therequest concoming rate higher rounded 1/S%, tothenext higher 1/8%), marginthe and oftheapplicable intintsforustopost advance thevariable rate tothevanable advance rate highest rateidentified asthepnme ratebyTheWanStrect Journd initstabic ofyoursecount intheordinary course ofourbusiness entitled Rates" "Money onourlastbusiness dayit ispublished inthecalendst portion hotlater than theendofthedraw foryour period account. month thecalendar preceding monthin thebilling which cycle begins. The willbethevariable applicable margin rateponion margin shown atthebeginning Wewillnotbeobligated tomake thevariable rate advance if: ofthisagreement unless atthebeginning cycleanyminimum ofthebliling forthevariabic payment rate ponion ofyouraccount oranypayment foranyfixed a. Attheüme wedecide whether tomake thevariable rateadvance the rate loanhadnotbeen within paid 40days thedate after itbecamewhich duo,in ofthevariable balance rate ponion ofyouraccoulit ormaking exceeds, the case willbetwopercentage theapplicable margin higher pointsthan thevariable rateadvance variable thebalance would'cause ofthevariable rateportion of ralePortion margin shown atthebeginning ofthisagrcoment. Butthe youraccount toexceed, thecredit limitfortheva1ieble portion rare ofyour percentage annual corresponding rate willnotbcmore themaximum then mte youarcprohibited accoum, withSection inaccordance 39or41from atthebeginning shown ofthisagreement cries(than theminimum vate