On June 10, 2021 a
Exhibit,Appendix
was filed
involving a dispute between
First New York Federal Credit Union,
and
Jason M. Mclaughlin,
for Commercial - Contract
in the District Court of Rensselaer County.
Preview
FILED: RENSSELAER COUNTY CLERK 06/10/2021 09:18 AM INDEX NO. EF2021-269044
NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 06/10/2021
First
g-gget
EsmNewYork
FEDERAL CREDIT UNION NOTE AND DISCLOSURE STATEMENT
BORROWER (street- City - State- ZipCode)
NAME(Last- First- MiddleInitia$ANDADDRESS DATE ACCOUNT
NUMBER NOTENUMBER
JASON M MCLAUGHLIN
11/22/2016 t
1511 8TH AVE cONTRACT
NUMBER REFERENCE
NUMBER MATURITY
DATE
WATERVLIET, NY 12189
11/23/2018
REFINANCE
"you" "your" union"
In this agreement and mean each person who signs this agreement. The "credit means the credit union whose name appears
above and anyone to whom the credit union transfers its rights under this agreement. The terms on the following pages are part of this agreement.
Boxes checked below apply to this agreement.
TRUTH IN LENDING DISCLOSURE
ANNUAL PERCENTAGE RATE FINANCE CHARGE Amount Financed Total of Payments Prepayment: If you pay off
The cost of your credit as a yearly rate. The dollar amount the credit The amount of credit The amount you will have early you will not have to pay
will cost you. provided to you or on your paid when you havemade all a penalty.
behalf. payments as scheduled.
17.700 % $ 392.63 e $ 2, 000. 00 $ e means an estimate
2, 456.02 e
Number of Payments Amount of Payments When Payments Are Due Property Insurance: You may obtain property
Your 12/23/2016 Insurance from anyone you want that is
23 $ 102.34
Pa m Monthly acceptable to the credit union. If you get the
nte $ 102.20 11/23/2018 insurance from the credit union you will pay
will be: $
Ïecurity: Coliateral securing other loans with the credit union will also secure this loan. You are giving a security interest in your shares
and/or deposits in the credit union; and the goods/property being purchased Other (Describe)
Late Charge:
If you are 10 days or more late in making any payment you will need to pay an additional late charge of S25.00.
Required Deposit: The Annual Percentage Rate does not take into account your required deposit, if Filing Fees Non-Filing Insurance
any. $ $
See your contract documents for any additional information about nonpayment, default, and any required repayment in full before the
scheduled date.
ITEMIZATION OF THE AMOUNT FINANCED
ITEMIZATION OF AMOUNT GIVEN AMOUNT PAID ON PREPAIDFINANCE
AMOUNT FINANCEDOF $ 2, 000 . 00 TO YOU DIRECTLY $ 2, 000.00 YOURACCOUNT $ 0. 00 CHARGE $
AMOUNT PAID TO OTHERS $ To $ To
ON YOUR BEHALF $ To $ To
$ To yo
NOTE AND SECURITY AGREEMENT
Promise to Pay: You promise to pay $ 2 , 000 . 00 to the credit union plus interest on the unpaid balance at17. 700% per year until what you owe
has been repaid.
eca e ay all costs of collecting the amount you owe under this Agreement including court costs and reasonable
attorney fees.
Vendors Single Interest Insurance: For all vehicle and recreational vehicle loans, you are required to obtain Vendors
Single Interest Insurance. You may obtain this insurance from anyone you want that is acceptable to the Credit Union.
If you obtain the insurance from the Credit Union, you will pay S45.00. The Insurer waives any right of subrogation.
SECURITY OFFERED: MODEL YEAR I.D. NUMBER TYPE - VALUE
$
$
$
OTHER(DESCRIBE) OFSHARES$
PLEDGE ACCOUNT
NO(S). KEYNO.
$
This Note is governed by the laws of
SIGNATURE: If you agree to make and be bound by the terms of this Note and Security Agreement sign below. If you are
not a borrower but an owner of the collateral for this loan, sign below and check the box for "Owner of Collateral". By
doing so you agree only to the terms of the Security Agreement. If you are a witness or guarantor only, check the
applicable box and sign below.
CAUTION: IT IS IMPORTANT THAT YOU THOROUGHLY READ THIS CONTRACT BEFORE YOU SIGN IT.
Borrower 1 Ow er of CoIlateral (other than a Borrower) Date Borrower 2 Owner of Collateral(other than a Borrower) Date
X s 11/22/20 K (se
Borrower Date .. Witness uarantor Date
X . > X
Document Filed Date
June 10, 2021
Case Filing Date
June 10, 2021
Category
Commercial - Contract
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FILED: RENSSELAER COUNTY CLERK 06/10/2021 09:18 AM INDEX NO. EF2021-269044 NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 06/10/2021 First g-gget EsmNewYork FEDERAL CREDIT UNION NOTE AND DISCLOSURE STATEMENT BORROWER (street- City - State- ZipCode) NAME(Last- First- MiddleInitia$ANDADDRESS DATE ACCOUNT NUMBER NOTENUMBER JASON M MCLAUGHLIN 11/22/2016 t 1511 8TH AVE cONTRACT NUMBER REFERENCE NUMBER MATURITY DATE WATERVLIET, NY 12189 11/23/2018 REFINANCE "you" "your" union" In this agreement and mean each person who signs this agreement. The "credit means the credit union whose name appears above and anyone to whom the credit union transfers its rights under this agreement. The terms on the following pages are part of this agreement. Boxes checked below apply to this agreement. TRUTH IN LENDING DISCLOSURE ANNUAL PERCENTAGE RATE FINANCE CHARGE Amount Financed Total of Payments Prepayment: If you pay off The cost of your credit as a yearly rate. The dollar amount the credit The amount of credit The amount you will have early you will not have to pay will cost you. provided to you or on your paid when you havemade all a penalty. behalf. payments as scheduled. 17.700 % $ 392.63 e $ 2, 000. 00 $ e means an estimate 2, 456.02 e Number of Payments Amount of Payments When Payments Are Due Property Insurance: You may obtain property Your 12/23/2016 Insurance from anyone you want that is 23 $ 102.34 Pa m Monthly acceptable to the credit union. If you get the nte $ 102.20 11/23/2018 insurance from the credit union you will pay will be: $ Ïecurity: Coliateral securing other loans with the credit union will also secure this loan. You are giving a security interest in your shares and/or deposits in the credit union; and the goods/property being purchased Other (Describe) Late Charge: If you are 10 days or more late in making any payment you will need to pay an additional late charge of S25.00. Required Deposit: The Annual Percentage Rate does not take into account your required deposit, if Filing Fees Non-Filing Insurance any. $ $ See your contract documents for any additional information about nonpayment, default, and any required repayment in full before the scheduled date. ITEMIZATION OF THE AMOUNT FINANCED ITEMIZATION OF AMOUNT GIVEN AMOUNT PAID ON PREPAIDFINANCE AMOUNT FINANCEDOF $ 2, 000 . 00 TO YOU DIRECTLY $ 2, 000.00 YOURACCOUNT $ 0. 00 CHARGE $ AMOUNT PAID TO OTHERS $ To $ To ON YOUR BEHALF $ To $ To $ To yo NOTE AND SECURITY AGREEMENT Promise to Pay: You promise to pay $ 2 , 000 . 00 to the credit union plus interest on the unpaid balance at17. 700% per year until what you owe has been repaid. eca e ay all costs of collecting the amount you owe under this Agreement including court costs and reasonable attorney fees. Vendors Single Interest Insurance: For all vehicle and recreational vehicle loans, you are required to obtain Vendors Single Interest Insurance. You may obtain this insurance from anyone you want that is acceptable to the Credit Union. If you obtain the insurance from the Credit Union, you will pay S45.00. The Insurer waives any right of subrogation. SECURITY OFFERED: MODEL YEAR I.D. NUMBER TYPE - VALUE $ $ $ OTHER(DESCRIBE) OFSHARES$ PLEDGE ACCOUNT NO(S). KEYNO. $ This Note is governed by the laws of SIGNATURE: If you agree to make and be bound by the terms of this Note and Security Agreement sign below. If you are not a borrower but an owner of the collateral for this loan, sign below and check the box for "Owner of Collateral". By doing so you agree only to the terms of the Security Agreement. If you are a witness or guarantor only, check the applicable box and sign below. CAUTION: IT IS IMPORTANT THAT YOU THOROUGHLY READ THIS CONTRACT BEFORE YOU SIGN IT. Borrower 1 Ow er of CoIlateral (other than a Borrower) Date Borrower 2 Owner of Collateral(other than a Borrower) Date X s 11/22/20 K (se Borrower Date .. Witness uarantor Date X . > X