Advances: You will make loan advances to me. You have informed me of how I may obtain loan advances under this Open-end Credit Plan. I understand that all advances must be made for good purpose. You reserve the right to refuse to make any advance without affecting the liability of any co-maker.

Credit Limits: Advances against my open-end credit plan will at no time, in total, exceed the limit as set forth in the loan policy of the credit union. Advances on secured loans will depend on the value of security offered at the time of each advance.

Payments: The minimum monthly payment and due date will be set and disclosed to me at the time each advance is made. My minimum payment will be based upon the amount of my outstanding balances immediately after my most recent advance. My minimum payment will not change unless I request additional advances or fail to keep my agreement. I may pay the credit balance in full or in part at any time without penalty. However, minimum periodic payments are required on each loan account as long as any balance exists.

Allocation of Payments and Additional Payments: Payments and credits shall be applied in the following order: any amounts past due; any fees or charges owing, including any insurance premiums; accrued interest or finance charges; outstanding principal. Payments made in addition to regularly scheduled payments shall be applied in the same order.

Late Charges: If I make a late payment, I agree to pay a late charge if one is disclosed on page 1 of this document.
Loans by Mail: If this loan is being made by mail, interest on this loan begins when the loan proceeds are mailed. If this loan refinances an earlier loan, said loan will be cancelled and refinanced as of the date on page 1.

Credit Insurance: If I choose voluntary credit life and/or disability insurance, the premiums for such coverage will be added to my outstanding balance. If I do not make any payment when due, you may, at your option, cancel such coverage. You also have the option of paying the insurance premiums and adding them to my outstanding balance where they will be subject to the Annual Percentage Rate disclosed.

Default: I shall be considered in default if any of the following occur: (1) If I break any promise made under this Credit Agreement or under the Security Agreement; or (2) if I do not use the money you advanced me for the purpose stated in my application; or (3) if you should, in good faith, believe that prospect of payment, performance or realization of the collateral, if any, is impaired; or (4) if I die; or (5) if I file a petition in bankruptcy, insolvency, or receivership or am put involuntarily into such proceedings; or (6) if the collateral, if any, given as security for this account is lost, damaged or destroyed, or if it is levied against, attached or garnished; or (7) if I do not pay on time any of my other or future debts to you. If I default, you may, at your option, declare this account immediately due and payable, and I must immediately pay to you at that time the total unpaid balance, as well as the Finance Charge to date, any late charges and costs of collection permitted under law, including reasonable attorney's fees. Costs of collection include, but are not limited to, repossession fees, appraisals, environmental site assessments, casualty damage insurance coverage, and attorney's fees for any action taken by an attorney in order to collect this loan or preserve or protect the credit union's rights and remedies, including, without limitation, pre-suit demands for payment, pre-suit mediation or settlement negotiations, investigation and assessment of the credit unions' rights, participation in bankruptcy cases, matters, and proceedings (including, without limitation, filing proofs of claim, pursuing reaffirmation agreements, attending meetings of creditors, and pursuing complaints, motions, and objections that relate in any way to the credit union's collateral or right to payment), collateral disposition, non-bankruptcy suits and/or administrative actions, and appeals. The principal balance in default shall bear interest at the contract rate.

Statutory Lien: If I am in default, federal law gives you the right to apply the balance of shares and/or dividends in my account(s) at the time of default to satisfy this loan. Once I am in default, you may exercise this right without further notice to me.

Co-Maker's Liability: At times, you may advance sums under this agreement to more then one person, each of whom has signed this agreement. All persons called Co-Makers, agree to the following: 1) That the terms "I," "me," "my" and "mine" apply to all of them. 2) That each is equally liable under this agreement to fulfill all of its terms and conditions. 3) That each of them is named the agent of the other for the purpose of applying for and receiving loan advances under the agreement now and in the future. 4) That any notice mailed to one shall be considered notice mailed to all.

I understand that I may remove myself from responsibility as Co-maker at any time by notifying you in writing. However, that does not release me from any liabilities already incurred.

Termination: I understand that you may terminate this credit and security agreement under the following conditions: 1. Upon adverse re-evaluation of my creditworthiness. 2. If I should fail to meet the terms of the agreements. 3. At my option, or your option, with good cause and upon written notice. I understand that termination will not affect my obligation to pay the balance outstanding incurred prior to notice.

Additional Provisions:
1. I agree to provide you with a current financial statement if so requested and that no advance will be made until you have reviewed the financial statement.
2. In case any provision of this agreement is held invalid for any reason such determination shall not affect the remaining provisions of the agreement. But the agreement shall be enforced as if such provision was never included. 3. I admit that I have received a copy of this agreement, and that I have fully read and understand all of its terms and conditions. 4. My signing and endorsing any checks or drafts issued under this agreement shows my acceptance of its terms and conditions.

Change of Terms: You may change the terms of this agreement at any time. But you will give me written notice of any change at least 15 days before the change takes effect.

Savings insured to at least $100,000 by NCUA