Preview
FILED: WARREN COUNTY CLERK 06/15/2021 11:12 AM INDEX NO. EF2021-69142
f* thankYouForBorrowing
At YourCreditUnion .
NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 06/15/2021
92 DixAve Loan and Security Agreements
--r,- GiensFaiis,uY
12so1 and Disclosure Statement
LoanNurnber Account
Number
11/30/16
1NameandAddress
Borrower Borrower ifdifferent
2 Name(andaddress fromBorrower
1)
PATRICK J BURCH
4 CHARLOTTE ST , APT A
GLENS FALLS, NY 12801
TRUTH IN LENDING DISCLOSURE 'e' meansan estimate
INUALPERCENTAGERATE FINANCE
CHARGE AmountFinanced TotalofPayments TotalSalePrice
rate.Thedolaramount
thecredit
wilcost ofcreditprovided
Theamount
you.oronyour toyou Theamount paidafteryouThetotalcostofyourpachase
onwillhave oncredit
is
i costofyourcredit
asayearly behair. madeI payments
have asscheduled.
6 . 95 % $ 76 . 00 2 , 000. 00 $ 2 , 076. 00 s
FilingFees Non-FilingInsurance which yourdownpayment
includes of .
PrepaymentIf you pay off earlyyouwill nothaveto paya penalty.RequiredDeposit:TheAnnualPercentage
Ratedoesnottakeintoaccountyourrequired
deposit,if any.
PropertyInsurance:You may obtainpropertyinsurance to theCreditUnion.If you gettheinsuritncefromus,youwill pay
from anyoneyou wantthat is acceptable
LateCharge: If your paymentis not returnedby theduedate,you will bechargeda latepayment
feeof thelesserof $50.00or 10%of thepayment
due.
YourPayment NumberofPayments Amountof Payments WhenPayments
AreDue
Schedulewill be:
12 $ 1 73. 00 MONTHLY STARTING
1 2 /31/ 16
Security:CollateralsecuringotherloanswiththeCreditUnionmayalsosecurethisloan.Youaregivinga securityinterestin yoursharesanddividends
and,if any,your
below-
depositsandinterestin the CreditUnion;andthepropertydescribed
Collateral Property/Model/Make Year I.D.Number Type/Lien
Amount Value KeyNumber
HOLIDAY LOAN
Other(Describe):
Pledge_of
Shares $ inAccountNumber . $ inAccountNumber
SEEYOUR DOCUMENTS
CONTRACT FORANYADDITIONAL
INFORMATION
ABOUTNONPAYMENT, ANDANYREQUIRED
DEFAULT, REPAYMENT
INFULLBEFORE
THE
SCHEDULED
DATE
ITEMIZATION OF THE AMOUNT FINANCED IFANAMOUNTISMARKEDWrrHANASTERISK
(*),WEWILLBERETAINING
APORTIONOFTHEAMOUNT.
Financed
ofAmount
Itemization of Amount
Given
toYouDirectly Amount onYour
Paid Account Prepaid
Finance
Charge
$ 2 , 000. 00 $ 2 , 000.00 $ $
Paid
Amount toOthers $ To $ To
°"°"' 8°
$ To $ To
LOAN AGREEMENT continuedon reverseside CONSUMERS' ANDDEFENSES
Cl.AIMS -
NOTICE SEEREVERSE
IFCHECKED, SIDEFORNOTICE
Union,""we,""our,"
nthisLoanAgreement allreferences
("Agreement"), to"Credit or "us," meantheCreditUnionwhosenameappears
onthisdocument
andanyone
towhon
"you" "your"
heCreditUnionassignsor transfersthisAgreement
AIIreferences
to or meaneachpersonwhosigns,orotherwise thisAgreement
authenticates, asaborrower
1. Promiseto Pay: Youpromiseto pay$
2 , 000. 00 to theCreditUnionplusinterestontheunpaidbalance
untilwhatyouowehasbeenrepaid.Forfixedrateloans
theinterestrateis
6 . 95 % peryear. 2. TheseAgreements
aregovemedby the lawsof
NFW Yr)py
Costs: Youagreeto payall costsof collectingtheamountyouoweunderthis Agreement,
3. Collection courtcostsandreasonable
Including attomirffees.
-
4. PAYMENTS You promiseto makepaymentsof theamountandat the time
Wecanenforcea statutorylienagainstyoursharesanddividends,
andif any,interest
shownin the Truthin LendingDisclosure.You mayprepayany arnountwithout
and deposits,in all individualandjoint accountsyou havewithus to satisfyany
penalty.If you prepayany partof whatyou owe,youarestill requiredto makethe
financial
outstanding obligationthatis dueandpayableto us.Wemayexercise
our
regularlyscheduledpayments,unlesswe haveagreedto a changein the payment
rightto enforcethislienwithoutfurthernoticeto you,to theextentpermittedbylaw.
this is asimpleinterestloan,if youdonotmakepaymentsexactly
Because
schedule. Forall borrowers:
Youpledgeas securityfor thisloanallsharesanddividends
and,
yourfinal paymentmaybe moreor lessthanthe amountof the final
as scheduled, if any,all deposits
andinterestin alljointandindividualaccounts
youhavewiththe
paymentthat is disclosed.If you electcreditinsurance, CreditUnionnowandin thefuture.Thestatutorylien and/oryourpledgewill allow
we will eitherincludethe
premiumin yourpaymentsor extendthetermofyourloan.If thetermis extended,
us to applythefundsin youraccount(s)to whatyou owewhenyouareIn default.
ofthescheduled
youwillberequiredto makeadditionalpayments Thestatutorylienandyourpledgedo notapplyto any Individual
amount,untilwhat Retirement
Account
youowehasbeenpaid.Youpromiseto makeall payments or anyotheraccountthatwouldlosespecialtaxtreatmentunderstateorfederallaw
to the placewechoose.
anotherloanwehavewithyou,theotherloanwill becanceled
If thisloanrefinances if givenassecurity.
asofthedateofthisloan.Unlessotherwise
andrefinanced requiredbylaw,payments -
7. DEFAULT Youwill bein defaultunderthisAgreement
if youdo not makea
will beappliedto amountsowedin themannerwechoose. paymentoftheamountrequiredonor beforethedateit is due.Youwillbein default
5. LOANPROCEEDSBY MAIL- If the proceedsof this loanare mailedto you,
if you breakanypromiseyou madein connectionwith this loanor if anyoneis in
interestonthis loanbeginsonthedatetheloanproceeds
aremailedto you- defaultunderanysecurityagreement
madein connectionwiththisAgreement.
You
FORLOAN-
6. SECURITY ThisAgreementis securedby all propertydescribed
will bein defaultif youdie,file for bankruptcy,
becomeinsolvent(thatis, unableto
"Security"
sectionof theTruthin LendingDisclosure.
in the payyourbillsandloansastheybecomedue),or if youmadeanyfalseor misleading
Propertysecuringother
loansyou havewith us alsosecuresthis loan,unlessthe propertyis a dwelling.In
statements
inyourloanapplication.
Youwill alsobein defaultif something
happens
additionto yourpledgeof shares,we mayalsohavewhatis knownasa statutorylien
that webelievemayseriouslyaffectyour abilityto repaywhatyouoweunderthis
onallindividualandjoint accountsyouhavewithus.A statutorylienmeanswe have
orif youarein defaultunderanyotherloanagreement
Agreement youhavewithus.
thelightunderfederallawandmanystatelawsto claimaninterestin youraccounts.
SIGNATURES FOR LOAN AND SECURITY AGREEMENTS
VERMONTNOTICETO CD-SIGNER:YOURSIGNATURE ONTHISNOTEMEANSTHATYOUAREEQUALLY LIABLEFORREPAYMENT OFTHISLOAN.IF THE
BORROWER DOESNOT PAY,THELENDERHASA LEGALRIGHTTO COLLECTFROMYOU.
NOTICE
TOUTAH BORROWERS: Thiswrittenagreement
is a final expressionof the agreementbetween
youandthe CreditUnion.Thiswrittenagreement
maynot be
by evidenceof anyoralagreement.
contradicted
"Security"sectionoftheTruthin
ootherwise
r
Bysigning, as
authenticating, youagree
Borrower, to
thetermsof
theLoan
Agreement.
lf is i
n
described
property the Lending
youalsoagreeto thetermsof theSecurityAgreement
Disclosure, as"0wnerof Property"youagreeonlyto the
onthereverseside.If you sign,orotherwiseauthenticate,
termsof theSecurityAgreement.
CAUTION:
ITISIMPORTANT
THATYOUTHOROUGHLYREADTHEAGREEMENTBEFOREYOUSIGNIT.
Borrow 1 - -. . .Date 2
Borrower . .. Date
Ä (sea0 11 fan /1, X (sean
OtherBorrowerO Ownerof Property
Witness Date r Ownerf Prer Witness Date
I (Seal) X . (seai)13 /30
/ , 6
MENT UN n
ExhMt
Preview
FILED: WARREN COUNTY CLERK 06/15/2021 11:12 AM INDEX NO. EF2021-69142 f* thankYouForBorrowing At YourCreditUnion . NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 06/15/2021 92 DixAve Loan and Security Agreements --r,- GiensFaiis,uY 12so1 and Disclosure Statement LoanNurnber Account Number 11/30/16 1NameandAddress Borrower Borrower ifdifferent 2 Name(andaddress fromBorrower 1) PATRICK J BURCH 4 CHARLOTTE ST , APT A GLENS FALLS, NY 12801 TRUTH IN LENDING DISCLOSURE 'e' meansan estimate INUALPERCENTAGERATE FINANCE CHARGE AmountFinanced TotalofPayments TotalSalePrice rate.Thedolaramount thecredit wilcost ofcreditprovided Theamount you.oronyour toyou Theamount paidafteryouThetotalcostofyourpachase onwillhave oncredit is i costofyourcredit asayearly behair. madeI payments have asscheduled. 6 . 95 % $ 76 . 00 2 , 000. 00 $ 2 , 076. 00 s FilingFees Non-FilingInsurance which yourdownpayment includes of . PrepaymentIf you pay off earlyyouwill nothaveto paya penalty.RequiredDeposit:TheAnnualPercentage Ratedoesnottakeintoaccountyourrequired deposit,if any. PropertyInsurance:You may obtainpropertyinsurance to theCreditUnion.If you gettheinsuritncefromus,youwill pay from anyoneyou wantthat is acceptable LateCharge: If your paymentis not returnedby theduedate,you will bechargeda latepayment feeof thelesserof $50.00or 10%of thepayment due. YourPayment NumberofPayments Amountof Payments WhenPayments AreDue Schedulewill be: 12 $ 1 73. 00 MONTHLY STARTING 1 2 /31/ 16 Security:CollateralsecuringotherloanswiththeCreditUnionmayalsosecurethisloan.Youaregivinga securityinterestin yoursharesanddividends and,if any,your below- depositsandinterestin the CreditUnion;andthepropertydescribed Collateral Property/Model/Make Year I.D.Number Type/Lien Amount Value KeyNumber HOLIDAY LOAN Other(Describe): Pledge_of Shares $ inAccountNumber . $ inAccountNumber SEEYOUR DOCUMENTS CONTRACT FORANYADDITIONAL INFORMATION ABOUTNONPAYMENT, ANDANYREQUIRED DEFAULT, REPAYMENT INFULLBEFORE THE SCHEDULED DATE ITEMIZATION OF THE AMOUNT FINANCED IFANAMOUNTISMARKEDWrrHANASTERISK (*),WEWILLBERETAINING APORTIONOFTHEAMOUNT. Financed ofAmount Itemization of Amount Given toYouDirectly Amount onYour Paid Account Prepaid Finance Charge $ 2 , 000. 00 $ 2 , 000.00 $ $ Paid Amount toOthers $ To $ To °"°"' 8° $ To $ To LOAN AGREEMENT continuedon reverseside CONSUMERS' ANDDEFENSES Cl.AIMS - NOTICE SEEREVERSE IFCHECKED, SIDEFORNOTICE Union,""we,""our," nthisLoanAgreement allreferences ("Agreement"), to"Credit or "us," meantheCreditUnionwhosenameappears onthisdocument andanyone towhon "you" "your" heCreditUnionassignsor transfersthisAgreement AIIreferences to or meaneachpersonwhosigns,orotherwise thisAgreement authenticates, asaborrower 1. Promiseto Pay: Youpromiseto pay$ 2 , 000. 00 to theCreditUnionplusinterestontheunpaidbalance untilwhatyouowehasbeenrepaid.Forfixedrateloans theinterestrateis 6 . 95 % peryear. 2. TheseAgreements aregovemedby the lawsof NFW Yr)py Costs: Youagreeto payall costsof collectingtheamountyouoweunderthis Agreement, 3. Collection courtcostsandreasonable Including attomirffees. - 4. PAYMENTS You promiseto makepaymentsof theamountandat the time Wecanenforcea statutorylienagainstyoursharesanddividends, andif any,interest shownin the Truthin LendingDisclosure.You mayprepayany arnountwithout and deposits,in all individualandjoint accountsyou havewithus to satisfyany penalty.If you prepayany partof whatyou owe,youarestill requiredto makethe financial outstanding obligationthatis dueandpayableto us.Wemayexercise our regularlyscheduledpayments,unlesswe haveagreedto a changein the payment rightto enforcethislienwithoutfurthernoticeto you,to theextentpermittedbylaw. this is asimpleinterestloan,if youdonotmakepaymentsexactly Because schedule. Forall borrowers: Youpledgeas securityfor thisloanallsharesanddividends and, yourfinal paymentmaybe moreor lessthanthe amountof the final as scheduled, if any,all deposits andinterestin alljointandindividualaccounts youhavewiththe paymentthat is disclosed.If you electcreditinsurance, CreditUnionnowandin thefuture.Thestatutorylien and/oryourpledgewill allow we will eitherincludethe premiumin yourpaymentsor extendthetermofyourloan.If thetermis extended, us to applythefundsin youraccount(s)to whatyou owewhenyouareIn default. ofthescheduled youwillberequiredto makeadditionalpayments Thestatutorylienandyourpledgedo notapplyto any Individual amount,untilwhat Retirement Account youowehasbeenpaid.Youpromiseto makeall payments or anyotheraccountthatwouldlosespecialtaxtreatmentunderstateorfederallaw to the placewechoose. anotherloanwehavewithyou,theotherloanwill becanceled If thisloanrefinances if givenassecurity. asofthedateofthisloan.Unlessotherwise andrefinanced requiredbylaw,payments - 7. DEFAULT Youwill bein defaultunderthisAgreement if youdo not makea will beappliedto amountsowedin themannerwechoose. paymentoftheamountrequiredonor beforethedateit is due.Youwillbein default 5. LOANPROCEEDSBY MAIL- If the proceedsof this loanare mailedto you, if you breakanypromiseyou madein connectionwith this loanor if anyoneis in interestonthis loanbeginsonthedatetheloanproceeds aremailedto you- defaultunderanysecurityagreement madein connectionwiththisAgreement. You FORLOAN- 6. SECURITY ThisAgreementis securedby all propertydescribed will bein defaultif youdie,file for bankruptcy, becomeinsolvent(thatis, unableto "Security" sectionof theTruthin LendingDisclosure. in the payyourbillsandloansastheybecomedue),or if youmadeanyfalseor misleading Propertysecuringother loansyou havewith us alsosecuresthis loan,unlessthe propertyis a dwelling.In statements inyourloanapplication. Youwill alsobein defaultif something happens additionto yourpledgeof shares,we mayalsohavewhatis knownasa statutorylien that webelievemayseriouslyaffectyour abilityto repaywhatyouoweunderthis onallindividualandjoint accountsyouhavewithus.A statutorylienmeanswe have orif youarein defaultunderanyotherloanagreement Agreement youhavewithus. thelightunderfederallawandmanystatelawsto claimaninterestin youraccounts. SIGNATURES FOR LOAN AND SECURITY AGREEMENTS VERMONTNOTICETO CD-SIGNER:YOURSIGNATURE ONTHISNOTEMEANSTHATYOUAREEQUALLY LIABLEFORREPAYMENT OFTHISLOAN.IF THE BORROWER DOESNOT PAY,THELENDERHASA LEGALRIGHTTO COLLECTFROMYOU. NOTICE TOUTAH BORROWERS: Thiswrittenagreement is a final expressionof the agreementbetween youandthe CreditUnion.Thiswrittenagreement maynot be by evidenceof anyoralagreement. contradicted "Security"sectionoftheTruthin ootherwise r Bysigning, as authenticating, youagree Borrower, to thetermsof theLoan Agreement. lf is i n described property the Lending youalsoagreeto thetermsof theSecurityAgreement Disclosure, as"0wnerof Property"youagreeonlyto the onthereverseside.If you sign,orotherwiseauthenticate, termsof theSecurityAgreement. CAUTION: ITISIMPORTANT THATYOUTHOROUGHLYREADTHEAGREEMENTBEFOREYOUSIGNIT. Borrow 1 - -. . .Date 2 Borrower . .. Date Ä (sea0 11 fan /1, X (sean OtherBorrowerO Ownerof Property Witness Date r Ownerf Prer Witness Date I (Seal) X . (seai)13 /30 / , 6 MENT UN n ExhMt