Promissory Note And Security Agreement

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U.S. BANK RECREATION FINANCE NATIONAL PROMISSORY NOTE AND SECURITY AGREEMENT
BORROWER(S):
LENDER:
mike abrinica
Name:
U.S. Bank N.A.
Name(s):
Address: 1850 Osborn Avenue, Oshkosh, WI 54902
Address:
3015 beaver ave
06/09/2015
DATE:
PROMISE TO PAY AND PAYMENT TERMS. This Promissory Note and Security Agreement ("Note") governs your loan with U.S. Bank N.A.
("LENDER"). By signing below, you agree to all terms and conditions of this Note and acknowledge receipt of these documents. BORROWER(S) means
everyone who signs below as a borrower, jointly and severally. "You" and "your" refer to BORROWER(S) while "we," "us," and "our" refer to LENDER.
THIS NOTE IS MADE AND ENTERED INTO IN OHIO, AND YOU AGREE THAT IT IS GOVERNED BY THE LAWS OF THE STATE OF
50,000.00
OHIO AND APPLICABLE FEDERAL LAW. You promise to pay us the principal amount of $______________, plus finance charges accruing on the
2.875
unpaid balance at the rate of ________% per year
from (CHECK ONLY ONE) either
today’s date OR
___/___/20___
until (CHECK ONLY ONE) either
paid in full. OR
___/___/20___, and thereafter finance charges accruing at the rate of ________%
per year until paid in full.
Finance charges accrue on a 365-day basis (366 days in a leap year). You agree to pay this Note according to the payment schedule and late charge provisions
shown in the TRUTH IN LENDING DISCLOSURES (below). You also agree to pay any additional amounts according to the terms and conditions of this
Note.
TRUTH IN LENDING DISCLOSURES
ANNUAL PERCENTAGE
Amount Financed. The amount of
Total of Payments. The amount you
FINANCE CHARGE. The
RATE. The cost of your credit
dollar amount the credit will
credit provided to you or on your
will have paid after you have made
as a yearly rate.
cost you.
behalf.
all payments as scheduled.
2.875
11,641.00
50,000.00
61,641.00
$_______________________
$___________________________
$___________________________
______________%
Your payment schedule will be:
Number of Payments
Amount of Payments
When Payments Are Due
180
342.45
Monthly beginning
07/15/2015
N/A
N/A
N/A
N/A
Security.
You are giving a security interest in the Collateral being purchased with the loan proceeds.
Prepayment.
You may pay off this Note early. If you pay off this Note within 36 months of the date of this Note, you will have to pay a
prepayment penalty equal to the greater of 1% of the principal balance at the time of prepayment or $75, but no more than $200.
Late Charge.
If all or any portion of any payment is not received within 10 days after its due date, a late charge will be assessed in the amount
of $25.
Note Document.
See the terms and conditions of this Note for any additional information about nonpayment, default, any required repayment in full
before the scheduled due date, and prepayment refunds and penalties.
ITEMIZATION OF AMOUNT FINANCED
50000.00
1. Amount given to you directly................................................................................................................... $
2. Amount paid on your account...................................................................................................................... $
N/A
3. Amounts paid to others on your behalf
(A) Amount paid to Public Officials................................................................................................ $
*
$
(B) Amount paid to
N/A
for
Purchase of Collateral
*
$
(C) Amount paid to
for
*
(D) Amount paid to
for
$
*
$
(E) Amount paid to
for
50,000.00
4. Amount Financed (Sum of Items 1 through 3) ....................................................................................... $
* Lender may retain a portion of these amounts.
NOTICE FOR FLORIDA ONLY. Florida documentary stamp tax required by law in the amount of $________________ has been paid or will be
paid directly to the Department of Revenue. Certificate of registration No. 310841368-004.
FOR WISCONSIN RESIDENTS ONLY:
MARITAL PURPOSE: If you are married the obligation evidenced by this Note is being incurred in the interest of your marriage or family.
X _____________________________________________________
X _____________________________________________________
MARITAL INFORMATION: You are
married
unmarried or
legally separated. If you are married and your spouse is not signing this
Note the name of your spouse is _______________________________________________ .
Your spouse resides at:
your address shown above;
NON-BORROWER SPOUSE: The undersigned is married to the Borrower signing this Note, actually knows of the credit extended under this Note,
and waives any notice of this extension of credit. X______________________________________ X______________________________________
NOTICE TO BORROWER: (a) DO NOT SIGN THESE LOAN DOCUMENTS BEFORE YOU READ THE WRITING ON ALL FOUR PAGES,
EVEN IF OTHERWISE ADVISED. (b) DO NOT SIGN THIS IF IT CONTAINS ANY BLANK SPACES. (c) YOU ARE ENTITLED TO AN EXACT
COPY OF ANY AGREEMENT YOU SIGN. (d) YOU HAVE THE RIGHT AT ANY TIME TO PAY IN ADVANCE THE UNPAID BALANCE DUE
UNDER THE LOAN DOCUMENTS.
EACH BORROWER ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THIS NOTE.
X _________________________________________
X _________________________________________
BORROWER
CO-BORROWER
NOTICE: SEE ALL FOUR PAGES FOR IMPORTANT INFORMATION
AND ADDITIONAL TERMS AND CONDITIONS WHICH ARE PART OF THIS NOTE.
U.S. Bank Recreation Finance
2-Party Contract RV/Marine Multi-State 30761 10/14
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