Preview
FILED: ULSTER COUNTY CLERK 04/11/2024 01:59 PM INDEX NO. EF2024-971
NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 04/11/2024
EXHIBIT A
FILED: ULSTER COUNTY CLERK 04/11/2024 01:59 PM INDEX NO. EF2024-971
NYSCEF DOC. NO.ID:2D9B8DD60-9AC9-4A61-8FC2-87C917110101
DocuSign.Envelope RECEIVED NYSCEF: 04/11/2024
Approval Disclosure
12/12/2021 60
LOAN ID:
BORROWER: CREDITOR:
Cross River Bank
Lori DuBord
885 Teaneck Road
Teaneck, NJ, 07666
ANNUAL FINANCE Amount Financed Total of Payments
PERCENTAGE CHARGE The amount of credit The amount you will
The dollar amount the provided to you. have paid after you
RATE
credit will cost you. have made all
The cost of your
payments as
credit as a yearly rate,,
scheduled.
29.4% $10,656.51 $11,592 248.51
Your Pay e t Sch ul V-i I :
Number of Payments An unt of Pa nts hen Payments Are Due
_____ ____ _ _ ...------ .. .....- .- ---- _._ _.-----._____
Monthly Beginning
59 $370.84 Jan 13, 2022
1 $368.95 Dec 13, 2026
Late charge:
If a payment is I t , you a h ed 5 t e a vm r< o 1 h eva is greater.
Prepayment:
If you pay off early, ill n vefo'pa pe 1ty
You will not be entitled to a refund of part nance charge.
See your Promissory Note for additional information about nonpayment, default, any required
repayment in full before the scheduled date and prepayment refunds and penalties.
Itemization of $11,592 Amount Financed
Amount paid to you: $11,592
Prepaid Finance Charge (Origination Fee): $1,008
Principal Amount: $12,600
DocuSigned
by:
By: Date: 12/12/2021
Sig nically)
The original document is owned by Velocity Investments, LLC and this copy was created on Dec 22, 2022 09:14:28 AM.
FILED: ULSTER COUNTY CLERK 04/11/2024 01:59 PM INDEX NO. EF2024-971
NYSCEF DOC. NO.ID:2D9BSDD60-9ACD-4A61-8FC2-870917110101 by the eCore® NYSCEF:
Copy of the Electronic Original® document managed RECEIVED On Demand (EOD") Service,
04/11/2024
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Promissory Note ("Note")
Loan ID: 460
Upstart Borrower ID: 27
Lender:
Cross River Bank
885 Teaneck Road
Teaneck, NJ 07666
1. Promise to Pa
v lue received from Cross River Bank, a New Jersey state- ered bank
" ,"
located in Teaneck, Jerse
or "ym"), I promise to pay to the order of CR. ar subsequent
holder or assignee
f is Note, te $15h-600 9, gether res t leneon commencing
on the date that fun s are issued t at rµ of 2 . h4% // per si e it tc rest. I acknowledge
that I have read an ee to be a3 eem n to te all c1 in ion 7 below unless I
' ' by
have rejected the pro o t o 1 . y co eting and py (an application, I
am requesting a loan on the terms des ed in t is Note. I u erstand and agree that when you receive my
application and this signed Note you are not at Ig to 1 me money and you have the right not to make a
loan to me. I understand that I am not bound by the terms and conditions set forth in this Note until you have
funded a Loan. If you decide to make a Loan to me, I agree to be bound by the terms of this Note.
2, Payments. Note is payable in 60
This installments of $370. 84 each,
monthly
''
consisting of principal terest, comme 'ng on J an , 2022 , and tinuing on the
same day of each s ssive nth thereaf until the final p ment date of Dec 1 , 2026 , which
'
is the maturity dat this No e. I -nt d te4 11 29 h, 01 31st of the month,
hq
but a month does o have a 2 t , 3 , or 31: t y the he onth y pa an il duo on the last day of
w' '
the month in whic t e paym ue u kss o e no f led n wri it g. e i al Wayment will consist
inc'
of the then-remainin , un a ace ed i est-a d h4r c t r e q u s e. All payments
will be applied to any unpaid fees incurred
first a resu f failed automated payments or returned bank
drafts or checks,
as provided in Section 4 below; ny late charges then due; then to any interest then
due; and then to principal. Although the principal amount of my loan includes the origination fee, no unpaid
interest or other charges will be added to principal.
3. Interest. Periodic interest will be charged on unpaid principal until the full amount of principal has
been paid. Interest under this Note will
on a daily basis on the unpaid principal
accrue balance (including my
origination fee) set forth above. Because of the accrual of interest on any late payments and the effect of
rounding, my final payment may be more (or less) than my regular payment. I acknowledge that if I make my
payments after the scheduled due date, this Note will not amortize as originally scheduled, which may result in
a substantially higher final payment amount. The interest rate I will pay will be the rate I will pay both before
and after any default unless and until my loan is charged off.
The original document is owned by Velocity Investments, LLC and this copy was created on Dec 22, 2022 09:14:28 AM.
FILED: ULSTER COUNTY CLERK 04/11/2024 01:59 PM INDEX NO. EF2024-971
of the Copy Electronic Original® document managed by the eCore® On Demand (EODm) Service.
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4, Fees. I agree to pay the following fees to the extent permitted by applicable law:
Fee Frequency Description
Origination Fee 8.0% One time This is a one-time fee
of the Loan Amount and, except as provided
in Section 10, is non-
refundable. You will
deduct from the loan
proceeds before they are
delivered to me.
Late Payment Fee The greater of 5% of Per occurrence If I do not pay you the
past due amount or full amount of any
$15. mont ment within
10 c 13n days of its
due- h
tm you may
har y me a late fee.
y plyment received
afteJ 3:00 PM Pacific
time on a business day is
deemed received on the
next business day.
ACH Return or Check $15 Per occurrence If Automated Clearing
Refund Fee House "ACH") transfers
O O or c al s are rejected or
eturn x for any reason
fail die to insufficient
ds in my bank
C-
u it then you may
argtthis fee. Each
attempt to collect a
payment is considered a
separate transaction, so
an ACH return or check
refund fee will be
assessed for each failed
attempt.
I authorize you to collect these fees using ACH transfers initiated by you from my designated bank account if I
have chosen this method of payment (see Section 6). Any fees you assess are immediately due. I
acknowledge and agree that the origination fee is part of my loan principal.
Members of the Armed Forces: Federal law provides important protection to members of the Armed Forces
and their dependents relating to the extension of consumer
In general, the cost of consumer
credit. 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
The original document is owned by Velocity Investments, LLC and this copy was created on Dec 22, 2022 09:14:28 AM.
FILED: ULSTER COUNTY CLERK 04/11/2024 01:59 PM INDEX NO. EF2024-971
NYSCEF DOC. NO.ID:2D9B8DDBC-9AC9-4A81-8FC2-870917110101 Copy of the Electronic Original® document managed RECEIVED
by the eCore® NYSCEF:
On Demand (EOD") Service,
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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).
5. Proceeds. I agree that the proceeds
of my loan will be paid via an electronic fund transfer into the
deposit account in my loan application,
I have identified or in such other manner as you determine. I
acknowledgement that the timeliness of crediting proceeds to this account is dependent on the accuracy of the
information I provide, when I complete all origination activities, and prompt crediting by the financial
institution that holds my account. You are not responsible for the actions of the financial institution that holds
my account.
6. Method I agree to pay the principal,
of Payment. periodic interest and any fees on this Note when
due. You have given me the choice
of making my monthly payments by (i) an ACH or other electronic fund
transfer from my bank account that I have authorized to automatically recur, (ii) by an ACH transfer initiated
by me each month, or (ii) personal check by regular mail to Upstart Loan Operations, P.O. Box 1503, San
Carlos, CA 94070 or any subsequent creditor that I am notified of. If I have completed an ACH bank transfer
authorization, then you will automatically transfer my first payment in the amount specified in the
authorization from my b ac unt, unless I cancel or modify this payment at least 3 bus days before its
scheduled date by co ting , as described in Section 14, or your bank. If my ACH n ansfers are
rejected or returned f any reas n, sta 14 ee-t · t y ay try t a aunt two more
times. I also agree u may apply e A re u n/c e k f nd descri in e tio:1 4, subject to
applicable law, eac t e an ACH tr sfe i returne rej . I ackno edge t n ty financial institution
dd' '
may also charge a f t ur and o e not e ponsible fo h f e All written
*
communications concernmg disputed amounts c uding any heck or other payment instrument that (i) is
full"
postdated and accompanied by adequate notice ") indic that the payment constitutes "payment in of
the amount owed, (iii) is tendered with other conditions or limitations or (iv) is otherwise tendered as full
satisfaction of a disputed amount, must be marked for special handling and mailed or delivered to us at Upstart
Loan Operations, P.O. Box 1503, San Carlos, CA 94070.
7. Waiver of D Except aOtherwise pmvi@i in this Note or as requir#d by applicable law,
you are not respon 1 to me for the quality,
e or lia safety, le:ality or any other aspect of any property or
services pushase ith the pr c edl 1 c an. a ani: p c 41% y fror1 vhom I have
purchased such pr p rty or se vi es, ] agree to se t1 th ispt tt dir - tly wi h r3on. > otwithstanding the
sect' borrov'er"
foregoing, this shall pp.y if I a t "c u der t e y Le 8 ing Act, 10 U.S.C
§ 987 and this sectio aive'a-tight eg eco tha S h±v athbr other applicable
law.
8. Certification. Unless I have certified to you otherwise, I agree that the proceeds of my loan will not
be applied (i) in whole or in part to postsecondary educational expenses (i.e., tuition, fees, required equipment
or supplies, room and board, or other miscellaneous personal expenses incurred while I am studying) at a
expenses"
college/university/vocational school, as the term "postsecondary educational is defined in
Regulation Z, 12 C.F.R. § 1026.46 (b)(3), or (ii) for any home purchase or refinance.
9. Default and Remedies. Subject state law and any right to notice and
to the limitations of applicable
to cure under applicable state law, I will be deemed in default
(each, an "Event of Default") of my obligations
under this Note if I: (i) fail to pay timely any amount due under this Note; (ii) file or have instituted against me
any bankruptcy or insolvency proceedings or make any assignment for the benefit of creditors; (iii) die; (iv)
commit fraud or make any material misrepresentation in this Note or in my loan application; or (v) fail to abide
by the terms of this Note. Upon the occurrence of an Event of Default, you may exercise all mmedies
available to you under applicable law, including demand that I immediately pay all amounts due under this
Note. You reserve the right to report loan payment delinquencies of 30 days or longer to one or more
The original document is owned by Velocity Investments, LLC and this copy was created on Dec 22, 2022 09:14:28 AM,
FILED: ULSTER COUNTY CLERK 04/11/2024 01:59 PM INDEX NO. EF2024-971
Copy of the Electronic Original® document managed by the eCore® On Demand (EOD") Service.
NYSCEF DOC. NO.ID:2D9BSDD6C-9AC9-4A61-8FC2-87C917110101
DocuSign,Envelope RECEIVED NYSCEF: 04/11/2024
consumer reporting agencies in accordance with applicable law. I acknowledge these may be reflected in my
attorneys'
credit report. I agree to pay all costs of collecting any delinquent payments, including reasonable
fees, to the greatest extent not prohibited by applicable law.
10. Prepayments; Partial Payments; Forbearance. I may prepay this Note in full or in part at any time
without penalty. Any partial prepayment is to be applied against outstanding principal and does not postpone
the due date of any subsequent monthly installments, unless you otherwise agree in writing. If I prepay this
Note in part, I agree to continue to make regularly scheduled payments until all amounts due under this Note
are paid. A partial pre-payment will not result in the refund of any origination fee amount.
Further, I may request forbearance
I understand in accordance with your reasonable procedures and
requirements, and the decision to grant my request for forbearance shall be solely at your discretion. During
any period of forbearance, my regularly scheduled payments of principal and inte est on my loan may be
deferred to the extent permitted by applicable law. Except as described above, I understand that I will remain
responsible for all interest
accruing during any period of forbearance. I understand that any periods of
forbearance may increase my monthly payments during my loan term or, in limited cases, may extend my
repayment period unless prohibited by applicable law.
11. Waivers. en i , a time when I am in default, you do not require me to fiilh ediately in full,
' ingde'
you will still have t e ight to d so t ti Neither fail e-exercise any of
w'
your rights, nor yo r elay in enfo c ng o e c in a y f ou ights, wai e ho :ights. Furthermore,
'
if you waive any ri h under this o e on oc3asio that er will n t pera e s vaiver as to any other
' " ower"
occasion. Subject to ab aw ni I en ered o un he ilit lending Act, 10
U.S.C § 987, I waive presentment, notice of d s onor, prote and all other demands and notices in connection
with the delivery, acceptance, performance or n reeme t this Note.
12. Assignment. I am not allowed to assign any of my obligations under this Note without your written
permission. I understand that you do not have to give me permission. I agree that you may assign or transfer
this Note or any of your rights to another person or entity. You may take these actions without notice or
consent from me. A transfer of m ote does not a@ct my rights and duties us âer this Note.
·
13. Registra o . You d g:ta et ,de., ') t c a nor fiduciary agent.
Upstart will keep t i s offices a el c ronic re gis of transfer, a sigurlen : of tl is Note (the
"Register"). The n es and d res f any perso ed to p tyme ts on n of will >c recorded in the
Register. Any assign -tici n or n asf Nctem of it m h s%hãfl4e-registered in the
Register and only if Upstart receives a signed as 1 e r similar agreement in a reasonably acceptable. You
and I agree that beneficial ownership of all paymen nder my Note as reflected in the Register will be
conclusive. Upstart will give me notice of a change in ownership of my Note reflected in the Register if
required by law. Upstart will also give me notice if I pay by check and the transfer changes the address to
which I must make payments. The name of the owner in the Register shall be available to me upon written
request to Upstart. This Section is intended to result
being maintained in this Note
at all times in "registered
form"
as defined by U.S. Treasury Regulations Section 1.871-14(c) and Sections 163(f), 871(h) and 881(c) of
the Internal Revenue Code of 1986, as amended, and will be interpreted and applied in a way that is consistent
with these laws.
14. Electronic
Communications; Notices; Contacting You. When I applied for a loan from you, I
expressly agreed
to receive electronically all communications, agreements, documents, notices and disclosures
(collectively, "Communications") that you provide in connection with this Note and Upstart's servicing of my
payment obligations under this Note. All Communications given to me by email to my registered email
address or posted on www.upstart.com is deemed to have been duly given and effective upon transmission or
when they were posted. I agree that you (including any other owner or servicer of my loan) may contact me
The original document is owned by Velocity investments, LLC and this copy was created on Dec 22, 2022 09:14:28 AM.
FILED: ULSTER COUNTY CLERK 04/11/2024 01:59 PM INDEX NO. EF2024-971
by the eCore® On Demand (EOD") Service.
Copy of the Electronic Original® document managed RECEIVED
NYSCEF DOC.
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Envelope NYSCEF: 04/11/2024
for any lawful reason, including for the collection of amounts owed to you. No such contact will be deemed
unsolicited. You may contact me at such addresses or numbers (including cell phone numbers and landlines)
as I may p ovide to you from time to time and you may use any means of communication, including regular
mail, electronic mail, telephone, text message or othertechnology, to reach me. I agree that you may use
automatic dialing and announcing devices which may play recorded messages. I represent that I have the
authority to provide this consent because I am either the subscriber of the telephone number(s) or the
customary user of each of the telephone numbers that I have provided to you who has the authority to provide
consent. I also provide this consent to any agent, service provider, vendor, or collection agency acting on your
behalf. I may contact you at any time to ask that you not contact me using any one or more methods or
technologies. I acknowledge that communications from you may contain sensitive, confidential, and
collections-related communications. If my information changes, such as my email address, my mailing
address or my telephone number, I agree to notify you promptly of the change.
I can contact you by logging into www.upstart.com. I may contact you by emailing support@upstart.com, by
calling (650)-204-1000 during your operating hours 9:00 AM Pacific time to 5:00 PM Pacific time, each
Monday through Friday that are business days, or by writing via regular mail care of Upstart Loan Operations,
P.O. Box 1503, San Carlos, CA 94070.
'
15. Credit Ing 8, Lo Information; Inaccurate Information. I authorize y t to tain a credit
th' '
report on me for an 1 gal purp e i ec te, luding a ate x ension of c edit,
review, or collecti n f this loan. req e t, w 1 el e w ther an redi r ort was requested, and if
so, the name and a r ss of the cr t bur a f tr ishi the . If I be i ve th t ou hwe information
·
about me that is inac e o at h relio ·ted may ort inaccur nf atht about me to a credit
bureau, I will notify you o e specific mform it on that I bel ve is inaccurate
y writing to you care of
Upstart Loan Operations, P.O. Box 1503, Sana os, C 70. In doing so, I will identify the inaccurate
information and tell you why I believe it is incorrect. If I have a copy of the credit report that includes the
inaccurate information, I will send a copy of that report to you as well.
16. Governing Law; Misc. I understand and agree that CRB is an FDIC-insured institution located in
New Jersey. Conseq , provisions oOhis Note will be@overned by federal law an1(to the extent not
preempted by fede aw) th I ws of the State of New Jersey, without regard to conflict >f law rules, except
as noted above. H
ver, if I e o Co a I si a m te p o isions of this Note
will be governed ederal la ( o the a ten t p mp ei by den la 1 din;rvith respect to the
terms of this Note 1 ting to 'n re t) the la w of rate of 3101a o wit o to mnflict of law rules,
'· '
except as noted abov , ut li tim- -- e t f- Ps b ht6rest, as that term is
'
defined under applicable federal law, including u ot 'ted to origination fees, periodic interest, late fees
and returned check fees, shall be governed by 12 . . . § 1831d and the laws of the State of New Jersey.
Section 17 (Arbitration Agreement) is governed by the Federal Arbitration Act, and not by any state law
concerning arbitration. If any provision of this Note cannot be enforced, the rest of the provisions of this Note
will stay in effect. No amendment of this Note will be valid unless in writing and signed by both you and me.
This Note represents the entire agreement between you and me regarding my loan.
17. Complaints; Disputes; Arbitration.
NOTICE: AM ARE A COVERED
IF I BORROWER UNDER THE MILITARY LENDING ACT, 10
U.S.C. § 987, THE FOLLOWING ARBITRATION PROVISION DOES NOT APPLY TO ME.
A. Governing Law. I acknowledge agree that the Note involves interstate commerce and that this
arbitration clause will be construed, applied and governed by the Federal Arbitration Act, 9 U.S.C. § 1 et seq.,
("FAA"), as amended. The Arbitrator (defined below) shall apply applicable law and applicable statutes of
limitation consistent with the FAA and shall honor claims of privilege recognized at law.
The original document is owned by Velocity Investments. LLC and this copy was created on Dec 22, 2022 09:14:28 AM.
FILED: ULSTER COUNTY CLERK 04/11/2024 01:59 PM INDEX NO. EF2024-971
Copy of the Electronic Original® document managed by the eCore® On Demand (EODm) Service.
NYSCEF DOC.
DocuSign NO.ID:2D9B8DD6C-9AC9-4A61-8FC2-87C9171t0101
Envelope RECEIVED NYSCEF: 04/11/2024
"Dispute"
B. Dispute: means any action, dispute, claim, or controversy of any kind arising out
of, in connection with or in any way related, even indirectly, to the Note or the extension of credit set forth in
"Dispute"
the Note. For example, includes claims related to: any relationship resulting from, or activities
connected to this Note; my application; information I have provided to you; information and disclosures you
have provided to me; any prior agreements between you and me; extensions; renewals; refinancings; payment
"Dispute"
plans; underwriting; servicing; collections; privacy; and customer information. The term also
includes: claims under federal or state consumer protection laws; cla
Preview
FILED: ULSTER COUNTY CLERK 04/11/2024 01:59 PM INDEX NO. EF2024-971 NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 04/11/2024 EXHIBIT A FILED: ULSTER COUNTY CLERK 04/11/2024 01:59 PM INDEX NO. EF2024-971 NYSCEF DOC. NO.ID:2D9B8DD60-9AC9-4A61-8FC2-87C917110101 DocuSign.Envelope RECEIVED NYSCEF: 04/11/2024 Approval Disclosure 12/12/2021 60 LOAN ID: BORROWER: CREDITOR: Cross River Bank Lori DuBord 885 Teaneck Road Teaneck, NJ, 07666 ANNUAL FINANCE Amount Financed Total of Payments PERCENTAGE CHARGE The amount of credit The amount you will The dollar amount the provided to you. have paid after you RATE credit will cost you. have made all The cost of your payments as credit as a yearly rate,, scheduled. 29.4% $10,656.51 $11,592 248.51 Your Pay e t Sch ul V-i I : Number of Payments An unt of Pa nts hen Payments Are Due _____ ____ _ _ ...------ .. .....- .- ---- _._ _.-----._____ Monthly Beginning 59 $370.84 Jan 13, 2022 1 $368.95 Dec 13, 2026 Late charge: If a payment is I t , you a h ed 5 t e a vm r< o 1 h eva is greater. Prepayment: If you pay off early, ill n vefo'pa pe 1ty You will not be entitled to a refund of part nance charge. See your Promissory Note for additional information about nonpayment, default, any required repayment in full before the scheduled date and prepayment refunds and penalties. Itemization of $11,592 Amount Financed Amount paid to you: $11,592 Prepaid Finance Charge (Origination Fee): $1,008 Principal Amount: $12,600 DocuSigned by: By: Date: 12/12/2021 Sig nically) The original document is owned by Velocity Investments, LLC and this copy was created on Dec 22, 2022 09:14:28 AM. FILED: ULSTER COUNTY CLERK 04/11/2024 01:59 PM INDEX NO. EF2024-971 NYSCEF DOC. NO.ID:2D9BSDD60-9ACD-4A61-8FC2-870917110101 by the eCore® NYSCEF: Copy of the Electronic Original® document managed RECEIVED On Demand (EOD") Service, 04/11/2024 DocuSign ,Envelope Promissory Note ("Note") Loan ID: 460 Upstart Borrower ID: 27 Lender: Cross River Bank 885 Teaneck Road Teaneck, NJ 07666 1. Promise to Pa v lue received from Cross River Bank, a New Jersey state- ered bank " ," located in Teaneck, Jerse or "ym"), I promise to pay to the order of CR. ar subsequent holder or assignee f is Note, te $15h-600 9, gether res t leneon commencing on the date that fun s are issued t at rµ of 2 . h4% // per si e it tc rest. I acknowledge that I have read an ee to be a3 eem n to te all c1 in ion 7 below unless I ' ' by have rejected the pro o t o 1 . y co eting and py (an application, I am requesting a loan on the terms des ed in t is Note. I u erstand and agree that when you receive my application and this signed Note you are not at Ig to 1 me money and you have the right not to make a loan to me. I understand that I am not bound by the terms and conditions set forth in this Note until you have funded a Loan. If you decide to make a Loan to me, I agree to be bound by the terms of this Note. 2, Payments. Note is payable in 60 This installments of $370. 84 each, monthly '' consisting of principal terest, comme 'ng on J an , 2022 , and tinuing on the same day of each s ssive nth thereaf until the final p ment date of Dec 1 , 2026 , which ' is the maturity dat this No e. I -nt d te4 11 29 h, 01 31st of the month, hq but a month does o have a 2 t , 3 , or 31: t y the he onth y pa an il duo on the last day of w' ' the month in whic t e paym ue u kss o e no f led n wri it g. e i al Wayment will consist inc' of the then-remainin , un a ace ed i est-a d h4r c t r e q u s e. All payments will be applied to any unpaid fees incurred first a resu f failed automated payments or returned bank drafts or checks, as provided in Section 4 below; ny late charges then due; then to any interest then due; and then to principal. Although the principal amount of my loan includes the origination fee, no unpaid interest or other charges will be added to principal. 3. Interest. Periodic interest will be charged on unpaid principal until the full amount of principal has been paid. Interest under this Note will on a daily basis on the unpaid principal accrue balance (including my origination fee) set forth above. Because of the accrual of interest on any late payments and the effect of rounding, my final payment may be more (or less) than my regular payment. I acknowledge that if I make my payments after the scheduled due date, this Note will not amortize as originally scheduled, which may result in a substantially higher final payment amount. The interest rate I will pay will be the rate I will pay both before and after any default unless and until my loan is charged off. The original document is owned by Velocity Investments, LLC and this copy was created on Dec 22, 2022 09:14:28 AM. FILED: ULSTER COUNTY CLERK 04/11/2024 01:59 PM INDEX NO. EF2024-971 of the Copy Electronic Original® document managed by the eCore® On Demand (EODm) Service. NYSCEF DOC. DocuSign NO.ID:2D988DD6C-9AC9-4A61-8FC2-87C917110101 Envelope RECEIVED NYSCEF: 04/11/2024 4, Fees. I agree to pay the following fees to the extent permitted by applicable law: Fee Frequency Description Origination Fee 8.0% One time This is a one-time fee of the Loan Amount and, except as provided in Section 10, is non- refundable. You will deduct from the loan proceeds before they are delivered to me. Late Payment Fee The greater of 5% of Per occurrence If I do not pay you the past due amount or full amount of any $15. mont ment within 10 c 13n days of its due- h tm you may har y me a late fee. y plyment received afteJ 3:00 PM Pacific time on a business day is deemed received on the next business day. ACH Return or Check $15 Per occurrence If Automated Clearing Refund Fee House "ACH") transfers O O or c al s are rejected or eturn x for any reason fail die to insufficient ds in my bank C- u it then you may argtthis fee. Each attempt to collect a payment is considered a separate transaction, so an ACH return or check refund fee will be assessed for each failed attempt. I authorize you to collect these fees using ACH transfers initiated by you from my designated bank account if I have chosen this method of payment (see Section 6). Any fees you assess are immediately due. I acknowledge and agree that the origination fee is part of my loan principal. Members of the Armed Forces: Federal law provides important protection to members of the Armed Forces and their dependents relating to the extension of consumer In general, the cost of consumer credit. 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 The original document is owned by Velocity Investments, LLC and this copy was created on Dec 22, 2022 09:14:28 AM. FILED: ULSTER COUNTY CLERK 04/11/2024 01:59 PM INDEX NO. EF2024-971 NYSCEF DOC. NO.ID:2D9B8DDBC-9AC9-4A81-8FC2-870917110101 Copy of the Electronic Original® document managed RECEIVED by the eCore® NYSCEF: On Demand (EOD") Service, 04/11/2024 DocuSign Envelope 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). 5. Proceeds. I agree that the proceeds of my loan will be paid via an electronic fund transfer into the deposit account in my loan application, I have identified or in such other manner as you determine. I acknowledgement that the timeliness of crediting proceeds to this account is dependent on the accuracy of the information I provide, when I complete all origination activities, and prompt crediting by the financial institution that holds my account. You are not responsible for the actions of the financial institution that holds my account. 6. Method I agree to pay the principal, of Payment. periodic interest and any fees on this Note when due. You have given me the choice of making my monthly payments by (i) an ACH or other electronic fund transfer from my bank account that I have authorized to automatically recur, (ii) by an ACH transfer initiated by me each month, or (ii) personal check by regular mail to Upstart Loan Operations, P.O. Box 1503, San Carlos, CA 94070 or any subsequent creditor that I am notified of. If I have completed an ACH bank transfer authorization, then you will automatically transfer my first payment in the amount specified in the authorization from my b ac unt, unless I cancel or modify this payment at least 3 bus days before its scheduled date by co ting , as described in Section 14, or your bank. If my ACH n ansfers are rejected or returned f any reas n, sta 14 ee-t · t y ay try t a aunt two more times. I also agree u may apply e A re u n/c e k f nd descri in e tio:1 4, subject to applicable law, eac t e an ACH tr sfe i returne rej . I ackno edge t n ty financial institution dd' ' may also charge a f t ur and o e not e ponsible fo h f e All written * communications concernmg disputed amounts c uding any heck or other payment instrument that (i) is full" postdated and accompanied by adequate notice ") indic that the payment constitutes "payment in of the amount owed, (iii) is tendered with other conditions or limitations or (iv) is otherwise tendered as full satisfaction of a disputed amount, must be marked for special handling and mailed or delivered to us at Upstart Loan Operations, P.O. Box 1503, San Carlos, CA 94070. 7. Waiver of D Except aOtherwise pmvi@i in this Note or as requir#d by applicable law, you are not respon 1 to me for the quality, e or lia safety, le:ality or any other aspect of any property or services pushase ith the pr c edl 1 c an. a ani: p c 41% y fror1 vhom I have purchased such pr p rty or se vi es, ] agree to se t1 th ispt tt dir - tly wi h r3on. > otwithstanding the sect' borrov'er" foregoing, this shall pp.y if I a t "c u der t e y Le 8 ing Act, 10 U.S.C § 987 and this sectio aive'a-tight eg eco tha S h±v athbr other applicable law. 8. Certification. Unless I have certified to you otherwise, I agree that the proceeds of my loan will not be applied (i) in whole or in part to postsecondary educational expenses (i.e., tuition, fees, required equipment or supplies, room and board, or other miscellaneous personal expenses incurred while I am studying) at a expenses" college/university/vocational school, as the term "postsecondary educational is defined in Regulation Z, 12 C.F.R. § 1026.46 (b)(3), or (ii) for any home purchase or refinance. 9. Default and Remedies. Subject state law and any right to notice and to the limitations of applicable to cure under applicable state law, I will be deemed in default (each, an "Event of Default") of my obligations under this Note if I: (i) fail to pay timely any amount due under this Note; (ii) file or have instituted against me any bankruptcy or insolvency proceedings or make any assignment for the benefit of creditors; (iii) die; (iv) commit fraud or make any material misrepresentation in this Note or in my loan application; or (v) fail to abide by the terms of this Note. Upon the occurrence of an Event of Default, you may exercise all mmedies available to you under applicable law, including demand that I immediately pay all amounts due under this Note. You reserve the right to report loan payment delinquencies of 30 days or longer to one or more The original document is owned by Velocity Investments, LLC and this copy was created on Dec 22, 2022 09:14:28 AM, FILED: ULSTER COUNTY CLERK 04/11/2024 01:59 PM INDEX NO. EF2024-971 Copy of the Electronic Original® document managed by the eCore® On Demand (EOD") Service. NYSCEF DOC. NO.ID:2D9BSDD6C-9AC9-4A61-8FC2-87C917110101 DocuSign,Envelope RECEIVED NYSCEF: 04/11/2024 consumer reporting agencies in accordance with applicable law. I acknowledge these may be reflected in my attorneys' credit report. I agree to pay all costs of collecting any delinquent payments, including reasonable fees, to the greatest extent not prohibited by applicable law. 10. Prepayments; Partial Payments; Forbearance. I may prepay this Note in full or in part at any time without penalty. Any partial prepayment is to be applied against outstanding principal and does not postpone the due date of any subsequent monthly installments, unless you otherwise agree in writing. If I prepay this Note in part, I agree to continue to make regularly scheduled payments until all amounts due under this Note are paid. A partial pre-payment will not result in the refund of any origination fee amount. Further, I may request forbearance I understand in accordance with your reasonable procedures and requirements, and the decision to grant my request for forbearance shall be solely at your discretion. During any period of forbearance, my regularly scheduled payments of principal and inte est on my loan may be deferred to the extent permitted by applicable law. Except as described above, I understand that I will remain responsible for all interest accruing during any period of forbearance. I understand that any periods of forbearance may increase my monthly payments during my loan term or, in limited cases, may extend my repayment period unless prohibited by applicable law. 11. Waivers. en i , a time when I am in default, you do not require me to fiilh ediately in full, ' ingde' you will still have t e ight to d so t ti Neither fail e-exercise any of w' your rights, nor yo r elay in enfo c ng o e c in a y f ou ights, wai e ho :ights. Furthermore, ' if you waive any ri h under this o e on oc3asio that er will n t pera e s vaiver as to any other ' " ower" occasion. Subject to ab aw ni I en ered o un he ilit lending Act, 10 U.S.C § 987, I waive presentment, notice of d s onor, prote and all other demands and notices in connection with the delivery, acceptance, performance or n reeme t this Note. 12. Assignment. I am not allowed to assign any of my obligations under this Note without your written permission. I understand that you do not have to give me permission. I agree that you may assign or transfer this Note or any of your rights to another person or entity. You may take these actions without notice or consent from me. A transfer of m ote does not a@ct my rights and duties us âer this Note. · 13. Registra o . You d g:ta et ,de., ') t c a nor fiduciary agent. Upstart will keep t i s offices a el c ronic re gis of transfer, a sigurlen : of tl is Note (the "Register"). The n es and d res f any perso ed to p tyme ts on n of will >c recorded in the Register. Any assign -tici n or n asf Nctem of it m h s%hãfl4e-registered in the Register and only if Upstart receives a signed as 1 e r similar agreement in a reasonably acceptable. You and I agree that beneficial ownership of all paymen nder my Note as reflected in the Register will be conclusive. Upstart will give me notice of a change in ownership of my Note reflected in the Register if required by law. Upstart will also give me notice if I pay by check and the transfer changes the address to which I must make payments. The name of the owner in the Register shall be available to me upon written request to Upstart. This Section is intended to result being maintained in this Note at all times in "registered form" as defined by U.S. Treasury Regulations Section 1.871-14(c) and Sections 163(f), 871(h) and 881(c) of the Internal Revenue Code of 1986, as amended, and will be interpreted and applied in a way that is consistent with these laws. 14. Electronic Communications; Notices; Contacting You. When I applied for a loan from you, I expressly agreed to receive electronically all communications, agreements, documents, notices and disclosures (collectively, "Communications") that you provide in connection with this Note and Upstart's servicing of my payment obligations under this Note. All Communications given to me by email to my registered email address or posted on www.upstart.com is deemed to have been duly given and effective upon transmission or when they were posted. I agree that you (including any other owner or servicer of my loan) may contact me The original document is owned by Velocity investments, LLC and this copy was created on Dec 22, 2022 09:14:28 AM. FILED: ULSTER COUNTY CLERK 04/11/2024 01:59 PM INDEX NO. EF2024-971 by the eCore® On Demand (EOD") Service. Copy of the Electronic Original® document managed RECEIVED NYSCEF DOC. DocuSign NO.ID:2D9BBDD6C-9AC9-4A61-8FC2-870917110101 Envelope NYSCEF: 04/11/2024 for any lawful reason, including for the collection of amounts owed to you. No such contact will be deemed unsolicited. You may contact me at such addresses or numbers (including cell phone numbers and landlines) as I may p ovide to you from time to time and you may use any means of communication, including regular mail, electronic mail, telephone, text message or othertechnology, to reach me. I agree that you may use automatic dialing and announcing devices which may play recorded messages. I represent that I have the authority to provide this consent because I am either the subscriber of the telephone number(s) or the customary user of each of the telephone numbers that I have provided to you who has the authority to provide consent. I also provide this consent to any agent, service provider, vendor, or collection agency acting on your behalf. I may contact you at any time to ask that you not contact me using any one or more methods or technologies. I acknowledge that communications from you may contain sensitive, confidential, and collections-related communications. If my information changes, such as my email address, my mailing address or my telephone number, I agree to notify you promptly of the change. I can contact you by logging into www.upstart.com. I may contact you by emailing support@upstart.com, by calling (650)-204-1000 during your operating hours 9:00 AM Pacific time to 5:00 PM Pacific time, each Monday through Friday that are business days, or by writing via regular mail care of Upstart Loan Operations, P.O. Box 1503, San Carlos, CA 94070. ' 15. Credit Ing 8, Lo Information; Inaccurate Information. I authorize y t to tain a credit th' ' report on me for an 1 gal purp e i ec te, luding a ate x ension of c edit, review, or collecti n f this loan. req e t, w 1 el e w ther an redi r ort was requested, and if so, the name and a r ss of the cr t bur a f tr ishi the . If I be i ve th t ou hwe information · about me that is inac e o at h relio ·ted may ort inaccur nf atht about me to a credit bureau, I will notify you o e specific mform it on that I bel ve is inaccurate y writing to you care of Upstart Loan Operations, P.O. Box 1503, Sana os, C 70. In doing so, I will identify the inaccurate information and tell you why I believe it is incorrect. If I have a copy of the credit report that includes the inaccurate information, I will send a copy of that report to you as well. 16. Governing Law; Misc. I understand and agree that CRB is an FDIC-insured institution located in New Jersey. Conseq , provisions oOhis Note will be@overned by federal law an1(to the extent not preempted by fede aw) th I ws of the State of New Jersey, without regard to conflict >f law rules, except as noted above. H ver, if I e o Co a I si a m te p o isions of this Note will be governed ederal la ( o the a ten t p mp ei by den la 1 din;rvith respect to the terms of this Note 1 ting to 'n re t) the la w of rate of 3101a o wit o to mnflict of law rules, '· ' except as noted abov , ut li tim- -- e t f- Ps b ht6rest, as that term is ' defined under applicable federal law, including u ot 'ted to origination fees, periodic interest, late fees and returned check fees, shall be governed by 12 . . . § 1831d and the laws of the State of New Jersey. Section 17 (Arbitration Agreement) is governed by the Federal Arbitration Act, and not by any state law concerning arbitration. If any provision of this Note cannot be enforced, the rest of the provisions of this Note will stay in effect. No amendment of this Note will be valid unless in writing and signed by both you and me. This Note represents the entire agreement between you and me regarding my loan. 17. Complaints; Disputes; Arbitration. NOTICE: AM ARE A COVERED IF I BORROWER UNDER THE MILITARY LENDING ACT, 10 U.S.C. § 987, THE FOLLOWING ARBITRATION PROVISION DOES NOT APPLY TO ME. A. Governing Law. I acknowledge agree that the Note involves interstate commerce and that this arbitration clause will be construed, applied and governed by the Federal Arbitration Act, 9 U.S.C. § 1 et seq., ("FAA"), as amended. The Arbitrator (defined below) shall apply applicable law and applicable statutes of limitation consistent with the FAA and shall honor claims of privilege recognized at law. The original document is owned by Velocity Investments. LLC and this copy was created on Dec 22, 2022 09:14:28 AM. FILED: ULSTER COUNTY CLERK 04/11/2024 01:59 PM INDEX NO. EF2024-971 Copy of the Electronic Original® document managed by the eCore® On Demand (EODm) Service. NYSCEF DOC. DocuSign NO.ID:2D9B8DD6C-9AC9-4A61-8FC2-87C9171t0101 Envelope RECEIVED NYSCEF: 04/11/2024 "Dispute" B. Dispute: means any action, dispute, claim, or controversy of any kind arising out of, in connection with or in any way related, even indirectly, to the Note or the extension of credit set forth in "Dispute" the Note. For example, includes claims related to: any relationship resulting from, or activities connected to this Note; my application; information I have provided to you; information and disclosures you have provided to me; any prior agreements between you and me; extensions; renewals; refinancings; payment "Dispute" plans; underwriting; servicing; collections; privacy; and customer information. The term also includes: claims under federal or state consumer protection laws; cla