Preview
FILED: ONONDAGA COUNTY CLERK 03/18/2024 08:35 AM INDEX NO. 002838/2024
NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 03/18/2024
!
DocuSign Envelope ID: 60E3588D-5035-4CCE-91C9-6BD7AFDE7820
4727 West Seneca Turnpike
Federal Credit Union Syracuse NY 13215
(315)469·5599 Loan and Security Agreements
and Disclosure Statement
Covered Borrower Under Military Lending Act
FIXEDRATE ¡ STEPRATE LOANDATE ACCOuNTNuMBER LOANNuMBER MATuRITYDATE
VARIABLERATE 07/17/2019 0004 1 07/16/2024
BORROWER 1 (Name.& Address) BORROWER 2 (Name & Address)
JASON CECILE
4807 LAWNDALE DR
SYRACUSE, NY 13215
. . £1BORRO)NER 3 (NaiIei &¼ddre½s) BORROWER 4 ame a Address)
.
.RC ,! ARUTH IN%ENDJNG DISCUO4URE$7 eans so estimate
ANNUAL PERCENTAGE RATE FINANCE CHARGE Amount Financed Total of Payments Total Sale Price
Thecostof Yourcreditas a yearly rate. The dollaramountthecredit Theamountof credit TheamountYou will have The totalcostof Yourpurchaseon creditis
will cost You. providedto You or on paid afterYou havemade $0.00
Yourbehalf. all paymentsas scheduled. which includesYourdownpaymentof
8.000% $2.167.46 $10,000.00 $12,167.46 50.00
Your Payment Schedule Will Be: Prepayment: If You pay off early You will not have to
Number of Payments Amount of Payments When Payments Are Due pay a penalty.
Required Deposit: The Annual Percentage Rate does
59 $202.80 MONTHLY BEGINNING 08/16/2019 not take into account Your required deposit, if any.
$ $ Demand: ¡ This obligation has a demand feature.
1 $202.26 07/16/2024 ¡ All disclosures are based on an assumed
maturity of one year.
Property Insurance: You may obtain property insurance from an one You want Insurance
that Is acceptable to the Credit Union. If You get the insurance rom the Credit Filing Fees Non-Filing
Union You will pay $ $0.00 $0.00
Late Charge:
If a payment due on a loan is 15 days late. you will be charged a late fee of 5% of the payment amount.lf a payment due on a loan is 15 days late, you will be
charged a late fee of 5% of the payment amount.
Security: Collateral securing other loans With the Credit Union may also secure this Loan. You are giving a security interest in
Your shares and dividends and, if any, Your deposits and interest in the Credit Union; and the Property described below:
Collateral Property/Model/Make Year I.D. Number Type Value Key Number
$
S
$
Other (Describe)
Pledge of Shares $ in Account No. $ in Account No.
Variable Rate:
Share Secured: The Annual Percentage Rate (APR) for Share secured advances will be the dividend rate being paid on the Shares (Index) on the date of the
advance plus 3%. The rates are subject to change on the day the dividend rate being paid on Shares changes. The APR will never be less than 3%. The
APR will never be greater than 18%. Any increase in the APR will result in more payments of the same amount. For example, if Your loan were for $4000.00
at 4.50% for 48 months and the rate increase.to 4.75% after 1 year, You would have to make 1 additional monthly payment.Certificate Secured: The Annual
Percentage Rate (APR) for Certificate secured advances will be the dividend rate being paid on the Certificate (Index) offered as security plus 3%. The
Certificate must be renewed until the advance is completely paid. When the Certificate is renewed, the APR will change to reflect the new dividend rate. The
APR will never be tess than 3%. The APR will never be greater than 18%. Any increasein the APR will result in more payments of the same amount. For
example, if Your loan were for S4000.00 at 4.50% for 48 months and the rate increased to 4.75% after 1 year, You would have to make 1 additional monthly
. e obr contract documents for any additional information about nonpayment, default, and any required repayment in full before
the scheduled date.
CANUNFA
©CUNA MutualGroup1999.2000. 2016.18
01.02.03.04.06.08.
AllRigNs
Reservee Page 1 of 5 NZXOn-E
FILED: ONONDAGA COUNTY CLERK 03/18/2024 08:35 AM INDEX NO. 002838/2024
NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 03/18/2024
DocuSign Envelope ID: 60E35880-5035-4CCE-91C9-6BD7AFDE7B20
CreditUnionSECNY Federal Credit Union AcetNo. 0004 LoanNo. 1
T. ITEMIZAT N HE$NIþnNUINAh!CED!(WhfesÃs un¼ttiwete) WEMan
Itemization of Amount Financed of Amount Given to You Directly Amount Pald on Your Account Prepaid Finance Charge
$ 10,000.00 $ 10,000.00 $ S
Amounts Paid to Others on Your Behalf: (If an amount is marked with an asterisk (*) We will be retaining a portion of the amount.)
$ To S To
$ To S To
$ To S To
$ To S To
$ To S To
$ To S To
$
Federal
&
law provides
To
important protections
MILITARY
to members
S
EENDIN4As®DISCLOSURES
of the Armed
To
.
Forces and their dependents relating to extensions of
consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not
exceed an annual percentage rate of 36 percent. This rate must include, as applicable to the credit transaction or account: The
costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any
application fee charged (other than certain application fees for specified credit transactions or accounts); and any participation
fee charged (other than certain participation fees for a credit card account).
Borrower"
A "Covered for purposes of this loan means a consumer who, at the time the consumer becomes obligated on this
loan, is a covered member or a dependent of a covered member as defined by the Military Lending Act. A Covered Borrower
does not mean a consumer who (though a Covered Borrower at the time he or she became obligated on this transaction) no
longer is a covered member or a dependent of a covered member as defined by the Military Lending Act.
LOAN AGREEMENT
"Our" "Us"
In this Loan Agreement ("Agreement") all references to "Credit Union", "We", or mean the Credit Union whose name
"You" "Your"
appears above and anyone to whom the Credit Union assigns or transfers this Agreement. AII references to or mean
each person who signs, or otherwise authenticates, this Agreement as a borrower.
1. PROMISE TO PAY - You promise to pay $10,000.00 to the Credit Union plus interest on the unpaid balance until what You
owe has been repaid.
For fixed rate loans, the interest rate is 8.000% per year.
For step-rate loans, the initial interest rate will be % until and then the interest rate will be %
until the balance is repaid in full.
For variable rate loans, the initial interest rate is % per year and will vary as follows:
Share Secured: The Annual Percentage Rate (APR) for Share secured advances will be the dividend rate being paid on the Shares (Index) on the date of the
advance plus 3%. The rates are subject to change on the day the dividend rate being paid on Shares changes. The APR will never be less than 3%. The APR
will never be greater than 18%. Any increase in the APR will result in more payments of the same amount. For example. if Your loan were for S4000.00 at 4.50%
for 48 months and the rate increase.to 4.75% after 1 year, You would have to make 1 additional monthly payment.Certificate Secured: The Annual Percentage
Rate (APR) for Certificate secured advances will be the dividend rate being paid on the Certificate (Indox) offered as security plus 3%. The Certificate must be
renewed until the advance is completely paid. When the Certificate is renewed, the APR will change to reflect the new dividend rate. The APR will never be less
than 3%. The APR will never be greater than 18%. Any increasein the APR will result in more payments of the same amount. For example, if Your loan were for
S4000.00 at 4.50% for 48 months and the rate increased to 4.75% after 1 year, You would have to make 1 additional monthly payment.
Collection Costs:
You agree to pay all costs of collecting the amount you owe under this Agreement, including court costs and reasonable attomey fees.You agree to pay all costs
of collecting the amount you owe under this Agreement, including court costs and reasonable attomey fees. ,
2. PAYMENTS - You promise to make payments of the amount and at the time shown in the Truth in Lending Disclosure. If this is
a variable rate loan, the Promise to Pay section tells You whether, if the interest rate increases, You will have to make more
payments, higher payments, or if the final payment will be a balloon payment. You may prepay any amount without penalty. If
You prepay any part of what You owe, You are still required to make the regularly scheduled payments, unless We have agreed
to a change in the payment schedule. Because this is a simple interest loan, if You do not make payments exactly as scheduled,
Your final payment may be more or less than the amount of the final payment that is disclosed. If You elect voluntary payment
protection, We will either include the premium or program fee(s) in Your payments or extend the term of Your loan. If the term is
extended, You will be required to make additional payments of the scheduled amount, until what You owe has been paid. You
promise to make all payments to the place We choose. If this loan refinances another loan You have with Us, the other loan will
be canceled and refinanced as of the date of this loan. Unless otherwise required by law, payments will be applied to amounts
owed in the manner We choose.
3. LOAN PROCEEDS BY MAIL - If the proceeds of this loan are mailed to You, interest on this loan begins on the date the loan
proceeds are mailed to You.
"Security"
4. SECURITY FOR LOAN - This Agreement is secured by all property described in the section of the Truth in Lending
Disclosure. Property securing other loans You have with Us also secures this loan, unless the property is a dwelling or otherwise
Page 2 of 5 NZXOU-E
FILED: ONONDAGA COUNTY CLERK 03/18/2024 08:35 AM INDEX NO. 002838/2024
NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 03/18/2024
DocuSign Envelope ID: 60E3588D-5035-4CCE-91C9-6BD7AFDE7820
credit UnionSECNY Federal Credit Union AcetNo. '.0004 LoanNo.1
prohibited by federal and/or state law. In addition to Your pledge of shares, We may also have what is known as a statutory lien
on all individual and joint accounts You have with Us. A statutory lien means We have the right under federal and/or state law to
claim an interest in Your accounts. Unless otherwise prohibited by federal and/or state law, We can enforce a statutory lien
against Your shares and dividends and, if any, interest and deposits, in all individual and joint accounts You have with Us to
satisfy any outstanding financial obligation that is due and payable to Us. We may exercise Our right to enforce this lien without
further notice to You, to the extent permitted by law. For all borrowers: You pledge as security for this loan all shares and
dividends and, if any, all deposits and interest in all joint and individual accounts You have with the Credit Union now and in the
future. The statutory lien and/or Your pledge will allow Us to apply the funds In Your account(s) to what You owe when
You are in default. "Security"
If a dollar amount and account number are listed in the section of the Truth in Lending Disclosure,
You may not withdraw the amount that has been specifically pledged to secure this loan until the Credit Union agrees to release
all or part of the pledged amount. The statutory lien and Your pledge do not apply to any Individual Retirement Account or any
other account that would lose special tax treatment under state or federal law if given as security.
5. DEFAULT - You will be in default under this Agreement if You do not make a payment of the amount required on or before the
date it is due. You will be in default if You break any promise You made in connection with this loan or if anyone is in default
under any security agreement made in connection with this Agreement. You will be in default if You die, file for bankruptcy,
become insolvent (that is, unable to pay Your bills and foans as they become due), or if You inade any false or misleading
statements in Your loan application. You will also be in default If something happens that We believe may seriously affect Your
ability to repay what You owe under this Agreement or if You are in default under any other loan agreement You have with Us.
6. ACTIONS AFTER DEFAULT - When You are in default, We immediate payment of the entire unpaid balance
may demand
under this Agreement. If We demand immediate payment, You will continue to pay interest at the rate provided for In this
Agreement, until what You owe has been repaid. We will also apply against what You owe any shares and/or deposits
given as security under this Agreement. We may also exercise any other rights given by law when You are in default. Unless
You are a Covered Borrower under the Military Lending Act, You waive any right You have to receive demand for
payment, notice of intent to demand immediate payment and notice of demand for immediate payment.
7. EACH PERSON RESPONSIBLE - Each person who signs, or otherwise authenticates, this Agreement will be individually and
jointly responsible for paying the entire amount owed under this Agreement. This means We can enforce Our rights against any
one of You individually or against all of You together.
8. LATE CHARGE - If You are late in You promise to pay the late charge shown in the Truth in Lending
making a payment,
Disclosure. If no late charge is shown, You will not be charged one.
9. DELAY IN ENFORCING RIGHTS - We can any of Our rights under this Agreement any number of times
delay enforcing
without losing the ability to exercise Our rights later. We can enforce this Agreement against Your heirs or legaf representatives.
- If the rest will
10. CONTINUED EFFECTIVENESS any part of this Agreement is determined by a court to be unenforceable,
remaIn in effect.
11. NOTICES - Notices will be sent to You at the most recent address You have given Us in writing. Notice to any one of You will
be notice to all.
12. USE OF ACCOUNT - You promise to use Your account for consumer (personal, family or household) purposes, unless the
Credit Union gives You written permission to use the account also for agricultural or commercial purposes, or to purchase real
estate.
AGREEMENT"
13. NO ORAL AGREEMENTS -- THIS NOTE CONSTITUTES A "WRITTEN LOAN PURSUANT TO
SECTION 26.02 OF THE TEXAS BUSINESS AND COMMERCE CODE, IF SUCH SECTION APPLIES. THIS
WRITTEN LOAN AGREEMENT REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY
NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL
AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE
PARTIES.
14. The following is required by Vermont law: NOTICE TO COSIGNER: YOUR SIGNATURE ON THIS NOTE MEANS THAT
YOU ARE EQUALLY LIABLE FOR REPAYMENT OF THIS LOAN. IF THE BORROWER DOES NOT PAY, THE LENDER HAS
A LEGAL RIGHT TO COLLECT FROM YOU.
15. NOTICE TO UTAH BORROWERS: This written Agreement is the final expression of the Agreement between You and the
Credit Union. This written Agreement may not be contradicted by evidence of any oral agreement.
16. OTHER PROVISIONS -
"Our" "Us"
In this Security Agreement ("Agreement") all references to "Credit Union", "We", or mean the Credit Union whose
name appears on this document and anyone to whom the Credit Union assigns or transfers this Agreement. All references to the
"Loan" "You" "Your"
mean the loan described in the Loan Agreement that is part of this document. AII references to or mean any
person who signs, or otherwise authenticates, this Agreement.
"Security"
1. THE SECURITY FOR THE LOAN - You give Us what is known as a security interest in the Property described in the
section of the Truth in Lending Disclosure that is part of this document ("the Property"). The security interest You give Includes all
accessions. Accessions are things which are attached to or installed in the Property now or in the future. The security interest
also includes any replacements for the Property which You buy within 10 days of the Loan and any extensions, renewals or
refinancings of the Loan. It also Includes any money You receive from selling the Property or from Insurance You have on the
Property. If the value of the Property declines, You promise to give Us more property as security if asked to do so.
2. WHAT THE SECURITY - The
INTEREST COVERS/CROSS COLLATERAL PROVISIONS security interest secures the Loan
and any extensions, renewals or refinancings of the Loan. Unless prohibited by applicable law, the security interest also
secures anyfther loans, including any credit card loan, You have now or receive in the future from Us and any other
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FILED: ONONDAGA COUNTY CLERK 03/18/2024 08:35 AM INDEX NO. 002838/2024
NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 03/18/2024
DocuSign Envelope ID: 60ES588D-5036-4CCE-91C9-6BD7AFDE7B20
credit union sECNY Federal Credit Union AcetNo. 0004 LoanNo.1
amounts You owe Us for any reason now or in the future, except any loan secured by Your principal dwelling. If the
Property is household goods as defined by the Federal Trade Commission Credit Practices Rule or Your principal dwelring, the
Propefty will secure only this Loan and not other loans or amounts You owe Us.
3. OWNERSHIP OF THE PROPERTY - You promise that You own the Property or, if this Loan is to buy the Property, You
promise You will use the Loan proceeds for that purpose. You promise that no one else has any interest in or claim against the
Property that You have not already told Us about. You promise not to sell or lease the Property or to use it as security for a loan
with another creditor until the Loan is repaid. You promise You will allow no other security interest or lien to attach to the Property
either by Your actions or by operation of law.
4. PROTECTING THE SECURITY INTEREST - If Your state issues a title for the Property, You promise to have Our security
interest shown on the title. We may have to file what is called a financing statement to protect Our security interest from the
claims of others. You irrevocably authorize Us to execute (on Your behalf), if applicable, and file one or more financing,
continuation or amendment statements pursuant to the Uniform Commercial Code (UCC) in a form satisfactory to Us. You
promise to do whatever else We think is necessary to protect Our security interest in the Property. You also promise to pay all
costs, including but not limited to any attomey fees, We incur in protecting Our security interest and rights in the Property, to the
extent permitted by applicable law.
- Until the Loan has been paid off, You promise You will: carefully and keep it in
5. USE OF PROPERTY (1) Use the Prope
. good repair. (2) Obtain Our written permission before making major chan es to the Property or chan the address where the
Property is kept Inform Us in writing before changing Your address. Allow Us to inspect the roperty. (5) Promptly notify
Us if the Prop damaged, stolen or abused. (6) Not use the Prope any unlawful purpose. (7) Not retitle the Property in
another state out telling Us.
6. PROPERTY INSURANCE, TAXES AND FEES - You promise to y all taxes and fees (like registration fees) due on the
Pro and to keep the Property insured against loss and damage. e amount and coverage of the property insurance must
be acc table to Us. You may provide the property insurance through a policy You already have, or through a policy You get and
pay for. u promise to make the insurance policy payable to Us and to deliver the policy or proof of coverage to Us if asked to
do so.
If You cancel Your insurance and get a refund, We have a right to the refund. If the PNperty is lost or damaged, We can use the
insurance settlement to repair the Property or apply it towards what You owe. You authonze Us to endorse any draft or check
. which may be payable to You in order for Us to collect any refund or benefits due under Your Insurance policy.
If You do not pay the taxes or fees on the Property when due or keep it Insured, We may pay these obligations, but We are not
required to do so. Any money We spend for taxes, fees or insurance will be added to the unpaid balance of the Loan and You will
at the same rate You agreed to pay on the Loan. We may receive payments in connection with the
pay Interest on those amounts
insurance from a company which provides the insurance. We may monitor Our loans for the purpose of determining whether You
and other borrowers have complied with the insurance requirements of Our loan agreements or may engage others to do so. The
insurance charge added to the Loan may include (1) the Insurance company's payments to Us and (2) the cost of determining
compliance with the insurance requirements. If We add amounts for taxes, fees or msurance to the unpaid balance of the Loan,
We may increase Your payments to pay the amount added within the term of the insurance or term of the Loan.
7. INSURANCE NOTICE - If You do not purchase the required property insurance, the insurance We may purchase and charge
You for will cover only Our interest in the Property. The premium for this insurance may be higher because the insurance
insurance after uninsured collateral is lost or damaged. The insurance will
company may have given Us the right to purchase
. not be liability Insurance and will not satisfy any state financial responsibility or no fault laws.
8. DEFAULT - You will be in default if You break any promise You make or fail to perform any obligation You have under this
Agreement. You will also be in default under this Agreement if the Loan is in default. You will be in default if any Property You
have given.Us as security is repossessed by someone else, seized under a forfeiture or similar law, or if anything else happens
that significántly affects the value of the Property or Our security interest in it.
9. WHAT HAPPENS IF YOU ARE IN DEFAULT - When You are in default, We may demand immediate payment of the
outstanding balance of the Loan without giving You advance notice and take ssession of the Property. You agree the Credit
Union has the right to take possession of the Property without judicial process f this can be done without breach of the peace. If
We ask, You promise to deliver the Property at a time and place We choose. If the Property is a motor vehicle or boat, You agree
that We may obtain a key or other device necessary to unlock and operate it, when You are In default. We will not be responsible
for any other property not covered by this Agreement that You leave inside the Property or that is attached to the Property. We
will try to retum that property to You or make it available for You to claim.
After We have possession of the Property, We can sell it and apply the money to any amounts You owe Us. We will give You
notice of any public dis osition or the date after which a private disposition will be held. Our expenses for taking possession of
and selling the Prope will be deducted from the money received from the sale. Those costs may include the cost of storing the
Property, preparing it r sale and attomey's fees to the extent permitted under state law or awarded under the Bankruptcy Code.
If You have agreed to pay the Loan, You must pay any amount that remains unpaid after the sale money has been applied to the
unpaid balance of the Loan and to what You owe under this Agreement, You agree to pay interest on that amount at the same
rate as the Loan until that amount has been paid.
10. DELAY IN ENFORCING RIGHTS AND CHANGES IN THE LOAN - We can delay enforcing any of Our rights under this
losing the ability to exercise Our rights later. We can enforce this Agreement against
Agreement any number of times without
Your heirs or legal representatives. If We change the terms of the Loan, You agree that this Agreement will remain in effect
- If is determined by a court to be unenforceable, the rest will
11. CONTINUED EFFECTIVENESS any part of this Agreement
remain In effect.
12. NOTICE FOR ARIZONA OWNERS OF PROPERTY - It is unlawful for You to fall to retum a motor vehicle that is subject to a
security interest, within thirty days after You have received notice of default. The notice will be malled to the address You gave
Us. It is Your responsibility to notify Us if Your address changes. The maximum penalty for unlawful .failure to retum a motor
vehicle is one year in prison and/or a Sne of $150.000.00.
Page 4 of 5 NZX011-E
FILED: ONONDAGA COUNTY CLERK 03/18/2024 08:35 AM INDEX NO. 002838/2024
NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 03/18/2024
DocuSign Envelope ID: 60E3588D-5035-4CCE-91C9-6BD7AFDE7B20
credit union SECNY Federal Credit Union Acct No- 0004 LoanNo.1
& The following notice applies ONLY when the box at left Is marked.
13. N.OTICE: ANY HOLDER OF THIS CONSUMER CREDIT CONTRACT IS SUBJECT TO ALLCLAIMS AND
DEFENSES WHICH THE DEBTOR COULD ASSERT AGAINST THE SELLER OF GOODS OR
SERVICES
OBTAINED PURSUANT HERETO OR WITH THE PROCEEDS HEREOF. RECOVERY HEREUNDER BY THE
DEBTOR SHALL NOT EXCEED AMOUNTS PAID BY THE DEBTOR HEREUNDER.
14. OTHER PROVISIONS -
By signing, or otherwise authenticating, as Borrower, You agree to the terms of the Loan Agreement. If Property is described in
Security"
the section of the Truth in Lending Disclosure, You also agree to the terms of the Security Agreement. If You sign, or
Property"
otherwise authenticate, as "Owner of You agree only to the terms of the Security Agreement.
CAUTION: IT IS IMPORTANT THAT YOU THOROUGHLY READ THE AGREEMENT BEFORE YOU SIGN IT
Bonomer Date Borrower2 Signature Date
JASON CECILE
Signature Date Signature Date
X ..
(sm
X (s.,n
¤ Barrower3: ¡ Borrower4:
Ownerof Property ¤ Witness ¤ Ownerof Property Witness
Page 5 of 5 NZXOn-E
Preview
FILED: ONONDAGA COUNTY CLERK 03/18/2024 08:35 AM INDEX NO. 002838/2024 NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 03/18/2024 ! DocuSign Envelope ID: 60E3588D-5035-4CCE-91C9-6BD7AFDE7820 4727 West Seneca Turnpike Federal Credit Union Syracuse NY 13215 (315)469·5599 Loan and Security Agreements and Disclosure Statement Covered Borrower Under Military Lending Act FIXEDRATE ¡ STEPRATE LOANDATE ACCOuNTNuMBER LOANNuMBER MATuRITYDATE VARIABLERATE 07/17/2019 0004 1 07/16/2024 BORROWER 1 (Name.& Address) BORROWER 2 (Name & Address) JASON CECILE 4807 LAWNDALE DR SYRACUSE, NY 13215 . . £1BORRO)NER 3 (NaiIei &¼ddre½s) BORROWER 4 ame a Address) . .RC ,! ARUTH IN%ENDJNG DISCUO4URE$7 eans so estimate ANNUAL PERCENTAGE RATE FINANCE CHARGE Amount Financed Total of Payments Total Sale Price Thecostof Yourcreditas a yearly rate. The dollaramountthecredit Theamountof credit TheamountYou will have The totalcostof Yourpurchaseon creditis will cost You. providedto You or on paid afterYou havemade $0.00 Yourbehalf. all paymentsas scheduled. which includesYourdownpaymentof 8.000% $2.167.46 $10,000.00 $12,167.46 50.00 Your Payment Schedule Will Be: Prepayment: If You pay off early You will not have to Number of Payments Amount of Payments When Payments Are Due pay a penalty. Required Deposit: The Annual Percentage Rate does 59 $202.80 MONTHLY BEGINNING 08/16/2019 not take into account Your required deposit, if any. $ $ Demand: ¡ This obligation has a demand feature. 1 $202.26 07/16/2024 ¡ All disclosures are based on an assumed maturity of one year. Property Insurance: You may obtain property insurance from an one You want Insurance that Is acceptable to the Credit Union. If You get the insurance rom the Credit Filing Fees Non-Filing Union You will pay $ $0.00 $0.00 Late Charge: If a payment due on a loan is 15 days late. you will be charged a late fee of 5% of the payment amount.lf a payment due on a loan is 15 days late, you will be charged a late fee of 5% of the payment amount. Security: Collateral securing other loans With the Credit Union may also secure this Loan. You are giving a security interest in Your shares and dividends and, if any, Your deposits and interest in the Credit Union; and the Property described below: Collateral Property/Model/Make Year I.D. Number Type Value Key Number $ S $ Other (Describe) Pledge of Shares $ in Account No. $ in Account No. Variable Rate: Share Secured: The Annual Percentage Rate (APR) for Share secured advances will be the dividend rate being paid on the Shares (Index) on the date of the advance plus 3%. The rates are subject to change on the day the dividend rate being paid on Shares changes. The APR will never be less than 3%. The APR will never be greater than 18%. Any increase in the APR will result in more payments of the same amount. For example, if Your loan were for $4000.00 at 4.50% for 48 months and the rate increase.to 4.75% after 1 year, You would have to make 1 additional monthly payment.Certificate Secured: The Annual Percentage Rate (APR) for Certificate secured advances will be the dividend rate being paid on the Certificate (Index) offered as security plus 3%. The Certificate must be renewed until the advance is completely paid. When the Certificate is renewed, the APR will change to reflect the new dividend rate. The APR will never be tess than 3%. The APR will never be greater than 18%. Any increasein the APR will result in more payments of the same amount. For example, if Your loan were for S4000.00 at 4.50% for 48 months and the rate increased to 4.75% after 1 year, You would have to make 1 additional monthly . e obr contract documents for any additional information about nonpayment, default, and any required repayment in full before the scheduled date. CANUNFA ©CUNA MutualGroup1999.2000. 2016.18 01.02.03.04.06.08. AllRigNs Reservee Page 1 of 5 NZXOn-E FILED: ONONDAGA COUNTY CLERK 03/18/2024 08:35 AM INDEX NO. 002838/2024 NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 03/18/2024 DocuSign Envelope ID: 60E35880-5035-4CCE-91C9-6BD7AFDE7B20 CreditUnionSECNY Federal Credit Union AcetNo. 0004 LoanNo. 1 T. ITEMIZAT N HE$NIþnNUINAh!CED!(WhfesÃs un¼ttiwete) WEMan Itemization of Amount Financed of Amount Given to You Directly Amount Pald on Your Account Prepaid Finance Charge $ 10,000.00 $ 10,000.00 $ S Amounts Paid to Others on Your Behalf: (If an amount is marked with an asterisk (*) We will be retaining a portion of the amount.) $ To S To $ To S To $ To S To $ To S To $ To S To $ To S To $ Federal & law provides To important protections MILITARY to members S EENDIN4As®DISCLOSURES of the Armed To . Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36 percent. This rate must include, as applicable to the credit transaction or account: The costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for specified credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account). Borrower" A "Covered for purposes of this loan means a consumer who, at the time the consumer becomes obligated on this loan, is a covered member or a dependent of a covered member as defined by the Military Lending Act. A Covered Borrower does not mean a consumer who (though a Covered Borrower at the time he or she became obligated on this transaction) no longer is a covered member or a dependent of a covered member as defined by the Military Lending Act. LOAN AGREEMENT "Our" "Us" In this Loan Agreement ("Agreement") all references to "Credit Union", "We", or mean the Credit Union whose name "You" "Your" appears above and anyone to whom the Credit Union assigns or transfers this Agreement. AII references to or mean each person who signs, or otherwise authenticates, this Agreement as a borrower. 1. PROMISE TO PAY - You promise to pay $10,000.00 to the Credit Union plus interest on the unpaid balance until what You owe has been repaid. For fixed rate loans, the interest rate is 8.000% per year. For step-rate loans, the initial interest rate will be % until and then the interest rate will be % until the balance is repaid in full. For variable rate loans, the initial interest rate is % per year and will vary as follows: Share Secured: The Annual Percentage Rate (APR) for Share secured advances will be the dividend rate being paid on the Shares (Index) on the date of the advance plus 3%. The rates are subject to change on the day the dividend rate being paid on Shares changes. The APR will never be less than 3%. The APR will never be greater than 18%. Any increase in the APR will result in more payments of the same amount. For example. if Your loan were for S4000.00 at 4.50% for 48 months and the rate increase.to 4.75% after 1 year, You would have to make 1 additional monthly payment.Certificate Secured: The Annual Percentage Rate (APR) for Certificate secured advances will be the dividend rate being paid on the Certificate (Indox) offered as security plus 3%. The Certificate must be renewed until the advance is completely paid. When the Certificate is renewed, the APR will change to reflect the new dividend rate. The APR will never be less than 3%. The APR will never be greater than 18%. Any increasein the APR will result in more payments of the same amount. For example, if Your loan were for S4000.00 at 4.50% for 48 months and the rate increased to 4.75% after 1 year, You would have to make 1 additional monthly payment. Collection Costs: You agree to pay all costs of collecting the amount you owe under this Agreement, including court costs and reasonable attomey fees.You agree to pay all costs of collecting the amount you owe under this Agreement, including court costs and reasonable attomey fees. , 2. PAYMENTS - You promise to make payments of the amount and at the time shown in the Truth in Lending Disclosure. If this is a variable rate loan, the Promise to Pay section tells You whether, if the interest rate increases, You will have to make more payments, higher payments, or if the final payment will be a balloon payment. You may prepay any amount without penalty. If You prepay any part of what You owe, You are still required to make the regularly scheduled payments, unless We have agreed to a change in the payment schedule. Because this is a simple interest loan, if You do not make payments exactly as scheduled, Your final payment may be more or less than the amount of the final payment that is disclosed. If You elect voluntary payment protection, We will either include the premium or program fee(s) in Your payments or extend the term of Your loan. If the term is extended, You will be required to make additional payments of the scheduled amount, until what You owe has been paid. You promise to make all payments to the place We choose. If this loan refinances another loan You have with Us, the other loan will be canceled and refinanced as of the date of this loan. Unless otherwise required by law, payments will be applied to amounts owed in the manner We choose. 3. LOAN PROCEEDS BY MAIL - If the proceeds of this loan are mailed to You, interest on this loan begins on the date the loan proceeds are mailed to You. "Security" 4. SECURITY FOR LOAN - This Agreement is secured by all property described in the section of the Truth in Lending Disclosure. Property securing other loans You have with Us also secures this loan, unless the property is a dwelling or otherwise Page 2 of 5 NZXOU-E FILED: ONONDAGA COUNTY CLERK 03/18/2024 08:35 AM INDEX NO. 002838/2024 NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 03/18/2024 DocuSign Envelope ID: 60E3588D-5035-4CCE-91C9-6BD7AFDE7820 credit UnionSECNY Federal Credit Union AcetNo. '.0004 LoanNo.1 prohibited by federal and/or state law. In addition to Your pledge of shares, We may also have what is known as a statutory lien on all individual and joint accounts You have with Us. A statutory lien means We have the right under federal and/or state law to claim an interest in Your accounts. Unless otherwise prohibited by federal and/or state law, We can enforce a statutory lien against Your shares and dividends and, if any, interest and deposits, in all individual and joint accounts You have with Us to satisfy any outstanding financial obligation that is due and payable to Us. We may exercise Our right to enforce this lien without further notice to You, to the extent permitted by law. For all borrowers: You pledge as security for this loan all shares and dividends and, if any, all deposits and interest in all joint and individual accounts You have with the Credit Union now and in the future. The statutory lien and/or Your pledge will allow Us to apply the funds In Your account(s) to what You owe when You are in default. "Security" If a dollar amount and account number are listed in the section of the Truth in Lending Disclosure, You may not withdraw the amount that has been specifically pledged to secure this loan until the Credit Union agrees to release all or part of the pledged amount. The statutory lien and Your pledge do not apply to any Individual Retirement Account or any other account that would lose special tax treatment under state or federal law if given as security. 5. DEFAULT - You will be in default under this Agreement if You do not make a payment of the amount required on or before the date it is due. You will be in default if You break any promise You made in connection with this loan or if anyone is in default under any security agreement made in connection with this Agreement. You will be in default if You die, file for bankruptcy, become insolvent (that is, unable to pay Your bills and foans as they become due), or if You inade any false or misleading statements in Your loan application. You will also be in default If something happens that We believe may seriously affect Your ability to repay what You owe under this Agreement or if You are in default under any other loan agreement You have with Us. 6. ACTIONS AFTER DEFAULT - When You are in default, We immediate payment of the entire unpaid balance may demand under this Agreement. If We demand immediate payment, You will continue to pay interest at the rate provided for In this Agreement, until what You owe has been repaid. We will also apply against what You owe any shares and/or deposits given as security under this Agreement. We may also exercise any other rights given by law when You are in default. Unless You are a Covered Borrower under the Military Lending Act, You waive any right You have to receive demand for payment, notice of intent to demand immediate payment and notice of demand for immediate payment. 7. EACH PERSON RESPONSIBLE - Each person who signs, or otherwise authenticates, this Agreement will be individually and jointly responsible for paying the entire amount owed under this Agreement. This means We can enforce Our rights against any one of You individually or against all of You together. 8. LATE CHARGE - If You are late in You promise to pay the late charge shown in the Truth in Lending making a payment, Disclosure. If no late charge is shown, You will not be charged one. 9. DELAY IN ENFORCING RIGHTS - We can any of Our rights under this Agreement any number of times delay enforcing without losing the ability to exercise Our rights later. We can enforce this Agreement against Your heirs or legaf representatives. - If the rest will 10. CONTINUED EFFECTIVENESS any part of this Agreement is determined by a court to be unenforceable, remaIn in effect. 11. NOTICES - Notices will be sent to You at the most recent address You have given Us in writing. Notice to any one of You will be notice to all. 12. USE OF ACCOUNT - You promise to use Your account for consumer (personal, family or household) purposes, unless the Credit Union gives You written permission to use the account also for agricultural or commercial purposes, or to purchase real estate. AGREEMENT" 13. NO ORAL AGREEMENTS -- THIS NOTE CONSTITUTES A "WRITTEN LOAN PURSUANT TO SECTION 26.02 OF THE TEXAS BUSINESS AND COMMERCE CODE, IF SUCH SECTION APPLIES. THIS WRITTEN LOAN AGREEMENT REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. 14. The following is required by Vermont law: NOTICE TO COSIGNER: YOUR SIGNATURE ON THIS NOTE MEANS THAT YOU ARE EQUALLY LIABLE FOR REPAYMENT OF THIS LOAN. IF THE BORROWER DOES NOT PAY, THE LENDER HAS A LEGAL RIGHT TO COLLECT FROM YOU. 15. NOTICE TO UTAH BORROWERS: This written Agreement is the final expression of the Agreement between You and the Credit Union. This written Agreement may not be contradicted by evidence of any oral agreement. 16. OTHER PROVISIONS - "Our" "Us" In this Security Agreement ("Agreement") all references to "Credit Union", "We", or mean the Credit Union whose name appears on this document and anyone to whom the Credit Union assigns or transfers this Agreement. All references to the "Loan" "You" "Your" mean the loan described in the Loan Agreement that is part of this document. AII references to or mean any person who signs, or otherwise authenticates, this Agreement. "Security" 1. THE SECURITY FOR THE LOAN - You give Us what is known as a security interest in the Property described in the section of the Truth in Lending Disclosure that is part of this document ("the Property"). The security interest You give Includes all accessions. Accessions are things which are attached to or installed in the Property now or in the future. The security interest also includes any replacements for the Property which You buy within 10 days of the Loan and any extensions, renewals or refinancings of the Loan. It also Includes any money You receive from selling the Property or from Insurance You have on the Property. If the value of the Property declines, You promise to give Us more property as security if asked to do so. 2. WHAT THE SECURITY - The INTEREST COVERS/CROSS COLLATERAL PROVISIONS security interest secures the Loan and any extensions, renewals or refinancings of the Loan. Unless prohibited by applicable law, the security interest also secures anyfther loans, including any credit card loan, You have now or receive in the future from Us and any other Page 3 of 5 NZX011-E FILED: ONONDAGA COUNTY CLERK 03/18/2024 08:35 AM INDEX NO. 002838/2024 NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 03/18/2024 DocuSign Envelope ID: 60ES588D-5036-4CCE-91C9-6BD7AFDE7B20 credit union sECNY Federal Credit Union AcetNo. 0004 LoanNo.1 amounts You owe Us for any reason now or in the future, except any loan secured by Your principal dwelling. If the Property is household goods as defined by the Federal Trade Commission Credit Practices Rule or Your principal dwelring, the Propefty will secure only this Loan and not other loans or amounts You owe Us. 3. OWNERSHIP OF THE PROPERTY - You promise that You own the Property or, if this Loan is to buy the Property, You promise You will use the Loan proceeds for that purpose. You promise that no one else has any interest in or claim against the Property that You have not already told Us about. You promise not to sell or lease the Property or to use it as security for a loan with another creditor until the Loan is repaid. You promise You will allow no other security interest or lien to attach to the Property either by Your actions or by operation of law. 4. PROTECTING THE SECURITY INTEREST - If Your state issues a title for the Property, You promise to have Our security interest shown on the title. We may have to file what is called a financing statement to protect Our security interest from the claims of others. You irrevocably authorize Us to execute (on Your behalf), if applicable, and file one or more financing, continuation or amendment statements pursuant to the Uniform Commercial Code (UCC) in a form satisfactory to Us. You promise to do whatever else We think is necessary to protect Our security interest in the Property. You also promise to pay all costs, including but not limited to any attomey fees, We incur in protecting Our security interest and rights in the Property, to the extent permitted by applicable law. - Until the Loan has been paid off, You promise You will: carefully and keep it in 5. USE OF PROPERTY (1) Use the Prope . good repair. (2) Obtain Our written permission before making major chan es to the Property or chan the address where the Property is kept Inform Us in writing before changing Your address. Allow Us to inspect the roperty. (5) Promptly notify Us if the Prop damaged, stolen or abused. (6) Not use the Prope any unlawful purpose. (7) Not retitle the Property in another state out telling Us. 6. PROPERTY INSURANCE, TAXES AND FEES - You promise to y all taxes and fees (like registration fees) due on the Pro and to keep the Property insured against loss and damage. e amount and coverage of the property insurance must be acc table to Us. You may provide the property insurance through a policy You already have, or through a policy You get and pay for. u promise to make the insurance policy payable to Us and to deliver the policy or proof of coverage to Us if asked to do so. If You cancel Your insurance and get a refund, We have a right to the refund. If the PNperty is lost or damaged, We can use the insurance settlement to repair the Property or apply it towards what You owe. You authonze Us to endorse any draft or check . which may be payable to You in order for Us to collect any refund or benefits due under Your Insurance policy. If You do not pay the taxes or fees on the Property when due or keep it Insured, We may pay these obligations, but We are not required to do so. Any money We spend for taxes, fees or insurance will be added to the unpaid balance of the Loan and You will at the same rate You agreed to pay on the Loan. We may receive payments in connection with the pay Interest on those amounts insurance from a company which provides the insurance. We may monitor Our loans for the purpose of determining whether You and other borrowers have complied with the insurance requirements of Our loan agreements or may engage others to do so. The insurance charge added to the Loan may include (1) the Insurance company's payments to Us and (2) the cost of determining compliance with the insurance requirements. If We add amounts for taxes, fees or msurance to the unpaid balance of the Loan, We may increase Your payments to pay the amount added within the term of the insurance or term of the Loan. 7. INSURANCE NOTICE - If You do not purchase the required property insurance, the insurance We may purchase and charge You for will cover only Our interest in the Property. The premium for this insurance may be higher because the insurance insurance after uninsured collateral is lost or damaged. The insurance will company may have given Us the right to purchase . not be liability Insurance and will not satisfy any state financial responsibility or no fault laws. 8. DEFAULT - You will be in default if You break any promise You make or fail to perform any obligation You have under this Agreement. You will also be in default under this Agreement if the Loan is in default. You will be in default if any Property You have given.Us as security is repossessed by someone else, seized under a forfeiture or similar law, or if anything else happens that significántly affects the value of the Property or Our security interest in it. 9. WHAT HAPPENS IF YOU ARE IN DEFAULT - When You are in default, We may demand immediate payment of the outstanding balance of the Loan without giving You advance notice and take ssession of the Property. You agree the Credit Union has the right to take possession of the Property without judicial process f this can be done without breach of the peace. If We ask, You promise to deliver the Property at a time and place We choose. If the Property is a motor vehicle or boat, You agree that We may obtain a key or other device necessary to unlock and operate it, when You are In default. We will not be responsible for any other property not covered by this Agreement that You leave inside the Property or that is attached to the Property. We will try to retum that property to You or make it available for You to claim. After We have possession of the Property, We can sell it and apply the money to any amounts You owe Us. We will give You notice of any public dis osition or the date after which a private disposition will be held. Our expenses for taking possession of and selling the Prope will be deducted from the money received from the sale. Those costs may include the cost of storing the Property, preparing it r sale and attomey's fees to the extent permitted under state law or awarded under the Bankruptcy Code. If You have agreed to pay the Loan, You must pay any amount that remains unpaid after the sale money has been applied to the unpaid balance of the Loan and to what You owe under this Agreement, You agree to pay interest on that amount at the same rate as the Loan until that amount has been paid. 10. DELAY IN ENFORCING RIGHTS AND CHANGES IN THE LOAN - We can delay enforcing any of Our rights under this losing the ability to exercise Our rights later. We can enforce this Agreement against Agreement any number of times without Your heirs or legal representatives. If We change the terms of the Loan, You agree that this Agreement will remain in effect - If is determined by a court to be unenforceable, the rest will 11. CONTINUED EFFECTIVENESS any part of this Agreement remain In effect. 12. NOTICE FOR ARIZONA OWNERS OF PROPERTY - It is unlawful for You to fall to retum a motor vehicle that is subject to a security interest, within thirty days after You have received notice of default. The notice will be malled to the address You gave Us. It is Your responsibility to notify Us if Your address changes. The maximum penalty for unlawful .failure to retum a motor vehicle is one year in prison and/or a Sne of $150.000.00. Page 4 of 5 NZX011-E FILED: ONONDAGA COUNTY CLERK 03/18/2024 08:35 AM INDEX NO. 002838/2024 NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 03/18/2024 DocuSign Envelope ID: 60E3588D-5035-4CCE-91C9-6BD7AFDE7B20 credit union SECNY Federal Credit Union Acct No- 0004 LoanNo.1 & The following notice applies ONLY when the box at left Is marked. 13. N.OTICE: ANY HOLDER OF THIS CONSUMER CREDIT CONTRACT IS SUBJECT TO ALLCLAIMS AND DEFENSES WHICH THE DEBTOR COULD ASSERT AGAINST THE SELLER OF GOODS OR SERVICES OBTAINED PURSUANT HERETO OR WITH THE PROCEEDS HEREOF. RECOVERY HEREUNDER BY THE DEBTOR SHALL NOT EXCEED AMOUNTS PAID BY THE DEBTOR HEREUNDER. 14. OTHER PROVISIONS - By signing, or otherwise authenticating, as Borrower, You agree to the terms of the Loan Agreement. If Property is described in Security" the section of the Truth in Lending Disclosure, You also agree to the terms of the Security Agreement. If You sign, or Property" otherwise authenticate, as "Owner of You agree only to the terms of the Security Agreement. CAUTION: IT IS IMPORTANT THAT YOU THOROUGHLY READ THE AGREEMENT BEFORE YOU SIGN IT Bonomer Date Borrower2 Signature Date JASON CECILE Signature Date Signature Date X .. (sm X (s.,n ¤ Barrower3: ¡ Borrower4: Ownerof Property ¤ Witness ¤ Ownerof Property Witness Page 5 of 5 NZXOn-E