I/We hereby pledge as collateral for any credit/funds made available under this share draft line of credit agreement all property serving as collateral to secure other loans with the credit union, including any proceeds of sale, proceeds of insurance payable on such collateral property, but not including my/our principal residence. In the event any payment or any loan account hereunder is not made when due, or if an event of default occurs under any security agreement which may be executed in connection herewith, then the entire unpaid balance of all loan accounts under this agreement plus accrued interest shall become immediately due and payable, at the option of the credit union upon compliance with applicable law relating to notice. The undersigned further agree to pay the costs associated with enforcing the terms and conditions of this agreement including collection and reasonable attorney’s fees and court costs. I/We agree that the credit union has the option to declare the entire unpaid balance of all loans or other amounts due under this agreement, plus accrued interest, to be immediately due and payable in the event that: I/We fail to make a payment required under this share draft line of credit privileges agreement when due, or I/We fail to make the minimum payment as described in minimum payment paragraph of this agreement, or I/We default or otherwise fail to perform any obligation I/We seek bankruptcy or other insolvency protection or die. If any event occurs that would permit the credit union to declare the entire unpaid balance plus accrued interest immediately due and payable, the credit union shall have all of the rights and remedies available under applicable federal and/or state law and the Uniform Commercial Code and will provide any notices as required by applicable law. I/We agree to pay the costs associated with enforcing the terms and conditions of this agreement, including but no limited to, collection costs, reasonable attorney fees, court costs and costs of perfecting or enforcing security interest granted hereunder and further agree that all such costs shall be secured together with all other amounts owed under this agreement. The failure of the credit union to exercise any of its rights under this agreement shall not be deemed to be a waiver of such right or any other right available hereunder. The undersigned agrees that the credit union is authorized from time to time as deemed necessary to make inquiries pertaining to employment, credit standing and financial responsibility. The undersigned agrees that (a) the credit union may retain this agreement to comply with federal law and (b) in compliance with applicable law, regulation and this agreement, the credit union may change the terms of the plan from time to time upon prior notice mailed to the undersigned’s last known address as shown on the records of the credit union. SPECIAL NOTICE The credit union may close a Share Draft account when an account maintains a negative balance for 30 consecutive days with no deposit activity. All unused checks shall be surrendered within 48 hours of notification of our intent to close the account or a blanket hold will be placed on the account. Such notification will be sent by first class mail to the last known address of the principal account owner. Share Draft Revolving Line of Credit Application 594 Central Avenue Pawtucket, RI 02861 401-722-8236 Fax: 401-729-0027 Hours Monday – Friday 9:00 A.M. - 4:30 P.M. www.ABVFCU.com Overdraft Protection Disbursement Breakdown and Repayment Schedule Daily Periodic Rate: 1.00% Annual Percentage Rate: 12.0% Schedule Payment: $25.00 Payment Frequency: Monthly Collection Costs: Reasonable attorney fees and other cost of collection permitted by law. The schedule monthly payment of $25.00 is due on the 15th day of each month and will be automatically deducted from your share draft/checking account. All overdrafts must be paid within 45 days. If approved, applicant(s) agrree to be bound by the Agreement and Disclosure provided by the credit union. 594 Central Avenue Pawtucket, RI 02861 401-722-8236 Fax: 401-729-0027 www.ABVFCU.com Rev. 6/05 Date Co-Applicant Date Truth In Lending Disclosure for Overdraft Protection with Revolving Line of Credit Agreement Member/Applicant The schedule monthly payment of $25.00 is due on the 15th day of each month and will be automatically deducted from your share draft/ checking account. All overdrafts must be paid within 45 days. If approved, applicant(s) agree to be bound by the Agreement and Disclosure provided by the credit union. Overdraft Protection Disbursement Breakdown and Repayment Schedule: Daily Periodic Rate: 1.%, Annual Percentage Rate: 12.0%, Scheduled payment: $25.00, Payment Frequency: Monthly, Collection Costs: Reasonable attorney fees and other costs of collection permitted by law. AMOUNT REQUESTED ANNUAL INCOME CITY ADDRESS EMPLOYER STATE ZIP WORK PHONE EXT. HOME PHONE ZIP CITY ADDRESS STATE SOCIAL SECURITY NUMBER ACCOUNT NUMBER I/We agree that ABVFCU in accordance with Section 326 of the USA Patriot Act, may obtain any credit reference necessary, including but not limited to National Check Protection Service and verify and record information that identifies each person applicant and is binding upon any updates, renewals or extension you may extend to me. If I/We request, you will inform me/us whether any credit report was issued and, if so, the name and address of the consumer reporting agency that furnished the report. The undersigned by signing, agree to be bound by the terms and conditions of the agreement accompanying your notification of credit approval and any and all amendments. AMOUNT REQUESTED ANNUAL INCOME CITY ADDRESS EMPLOYER STATE ZIP WORK PHONE EXT. HOME PHONE ZIP CITY ADDRESS STATE SOCIAL SECURITY NUMBER ACCOUNT NUMBER APPLICANT APPLICANT DATE OF BIRTH PLEASE PRINT Share Draft Revolving Line of Credit Application DATE OF BIRTH Alliance Blackstone Valley Federal Credit Union The undersigned member(s) jointly and severally apply for a credit line loan to be used for personal, family or household purposes with the credit union and agree to the terms below. Upon approval, the credit union may from time to time make one or more advances to the undersigned member(s) who may pay the balance in full or in part at any time without penalty except that minimum periodic payments are required on each loan account hereunder regardless of any prepayments, as long as any balance exists hereunder. The credit union may change the periodic rate(s) or otherwise amend this agreement, or refuse any request for an advance at any time for any reason not prohibited by law. The credit union may terminate this agreement upon advance reevaluation of a maker’s credit worthiness, upon failure of a maker to satisfy terms of the agreement, or at the option of a maker or of the credit union with good cause. Action taken under this paragraph shall not affect the obligations of the undersigned or any other obligator. For value received and to be received the undersigned maker(s) jointly and severally (each shall be agent for the other and be responsible for the advances to the other, whether with the knowledge of same or not) promise to pay to the credit union all sums advanced from time to time under this share draft line of credit agreement plus interest, or the FINANCE CHARGE, as follows: Periodic Rate 1.0% Annual Percentage Rate 12.0% The FINANCE CHARGE begins to accrue on the date of each advance. The FINANCE CHARGE is computed when a payment is made by multiplying the unpaid balance by the periodic rate for the number of days the balance is outstanding. The balance used to compute the FINANCE CHARGE is the actual balance in the account each day after credits have been subtracted and new advances and other charges have been added. MINIMUM PAYMENTS on each account shall be: $25.00 per month. Minimum monthly payments shall not be reduced even though the principal balance declines as payments are made. Payments shall be due on the 15th day from the date of your first advance, except that: 1)when an advance is made on a loan account having a zero balance, the first payment shall be due on the applicable due date of the month following the advance. Each payment on a loan account will first be applied to reduce the FINANCE CHARGE then due and the remainder applied to the unpaid principal balance; any unpaid portion of the FINANCE CHARGE will be paid by subsequent payments and not added to principal. LATE CHARGE(S): An advance which is delinquent for a period of 10 days may be subject to a late charge of $20.00. OTHER CHARGES: The minimum increment for an overdraft is $100.00. Overdrafts will first be paid by a transfer from shares and applicable fee. Payments of $100.00 or more, up to your available limit, will generate an overdraft transfer loan and interest will be charged for the $100.00 or applicable balance due. The maximum line of credit at this credit union is $1000. The minimum line is $300.00. All overdrafts must be paid in full within 45 days. PLEDGE OF SHARES: I/We hereby pledge to the credit union and grant the credit union a security interest (lien) in all my/our shares which I/We now have or may have in the future in the credit union, except shares in individual retirement accounts, Keogh accounts, or other accounts the pledge of transfer of which would cause the loss of tax-exempt status of such account, for repayment of all indebtedness or other obligations under this share draft line of credit agreement, plus interest and any other costs explained in paragraph below. I/We also hereby grant the credit union a security interest (lien) in all merchandise or other goods purchased with credit/funds made available under this share draft line of credit agreement to secure the payment of all indebtedness or other obligations under this agreement, plus interest and any other costs explained below.