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4317 061.9 5200 J766
<br />FIRST FEDERAL LINCOLN 7-105411
<br />SMART EQUITY VISA ACCOUNT
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<br />NOTiCE TO CARDHOLDERS: THIS NOTE CONTAINS A PROVISION ALLOWING FOR CHAhl IN TNp INTIERFRT RATE
<br />CREDIT CARD AQRRKMKNT
<br />TRUTH-IN- LENDING 0114CLOGURK STATEMENT
<br />(Important: Igo Not Destroy Your Credit Cords)
<br />Ham s) of CardholdortN: Sam Gil in, ger and Kay Cri itT�or
<br />Card and Check Dauer: First Federal Savings a Loan Association, Lincoln, Nebraska, (" Foct Federal Lincoln') _...
<br />Primary Purpose of Account is Prat Personal of MMGs Use
<br />Number of VISA Cards to be Issued:. 2
<br />Account is to tied to a Reed of Trust on the Real Property Security hsled below whu,h ;s owned , nd occupied by the Card Molder.
<br />Legal f?eacrtri4ton-
<br />See Attached Exhibit "A"
<br />dhrs document is the contract which contains the rights and duties of First Federal l_inr,o!n and n1 the Cardhr7,1denSi named above
<br />(collectively retorted to as " Cardholder' ansing put of the issuanet by First Feder a e,!woln to Cardholder of a First Federal Lincoln Smart
<br />Equily VISA Account. This document also constitutes the Truth -m- Lending Disclosure `statPms§na required t,y the Truth, in- i_ending Act and
<br />Regulation Z issued by the Board of Governors of the Federal Reserve System This document beromer4 binding on First Federal Lincoln and
<br />Cwdho #der when Signed by the Cardholder and by an authorized officer of First Federal I.incoln The team "you`, whenu5nd iii this document,
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<br />refers to C.araholdet.
<br />I Establishment of Account. First Federal Lmc..oln agrees to establish a Smart Equily vISA account . Act in:nr i in Cardholder's name,
<br />and lo issue toCardho lderaSmartEquityViSACatdI Card) which inay Vie usedin the manner specd redrnSe(tr n2be:ow in addition. Smart
<br />equAy VISA Checks (" Checks') will beissuodto Cardholder whrch may beusedir ,the +wanrwtspec.fieeru �,ectror a ,ek�w. TheAccounlwdlt>e
<br />estattaashed pursuant to the rutea and regulations of VISA U S A, Inc. of which First Federal Lincoln is a member
<br />Transactions with Card
<br />A Cardholder is the only persools) julmorized to use the Card Cardholder may us the Gird 10 purrhaso goods or serliwas from
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<br />merchants authorized to accept the Card, to obtain "'Cash Advances' from financial mshtulions, nu:lud,ncg F ir5t Federal Lincoln, that are
<br />aautnotizedto accept the Card, andioobtainotheriery ;CeSauthorizedby VISA U 5 A Inc andby First Fede,at l_mcoin {gurh purchases. cash
<br />advances, and other services are hereafter called ° Transactions I The Danbac rein, ; fc,r which Ine Pistil may be used may be added to or
<br />ed+aCed by First Federal Lincoln from lime to time in its drscreton or in acCordance with the rules and regulations of VISA U SA . Inc.
<br />@ When Cardholder uses the Card to purchase goods or services from a merChaltt, the Cardholder will sign a "Sales Draft" or the
<br />&i! ivalenl First Federal Lincoln promises to pay such Sales Drafts to accordance with the rules of VISA U S .. Inc
<br />C When Caardhokte, uses the Card to obtain a Cash Advance from a tinanciai institution including First Federal Lincoln, the Cardholder
<br />wiz, sun a "Cash Advance Ticket' or the equivalent First Federal Lincoln promises to pay such Cash Advance Tickets in accordance with the
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<br />rules of VISA U. S.A ". tie.
<br />D 'the*, parties agree that the payment by First Federal Lincoln of Sales Dt,,)ItG and Cash Advance Tickets under Subsections 28 end 2C
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<br />abrive are - rbi:galoiy advances under the Dead of Trust which secures Cardholders obligations under ttie Agreement, whether or not they
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<br />exceed Carurloldef,5 Credit L,mit
<br />E. The amovnt of all :Sdies Dralls .and Ca-4h Advance Ttckats paid by First Fedora! I -w(,'n will Le added to the outstanding balance of
<br />Cardholders account
<br />3 Transactions with Checks
<br />A. Cardholder is the only persrntsf authorized to use Ghecks Cardholder may use Cheeks to purchase goods or services from any
<br />merchant cash from zany financial m5mution other than Ftr,l Federal Lincoln The Card must be used to obtain 'Cash Advances' from First
<br />Federal Lmi -oln
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<br />B. When Cardholder usesC!aescks, the acceptance t;y F,rsl Fr•(Inw! Lncuin of ;urh Check, ,s t,ublect to a•✓adable funds within the Credd
<br />Line estatsitslted by this Agreement. Any Check not accepted will be r ®turned to Inc presenting party with the stamp "Refer to Maker'.
<br />C. The amount of each Check paid by First Federal Lincoln, will tine added to the outstanding balance of Cardholder's account.
<br />4. Purpose of Account. Cardholder certilies rl,a1 the pnm.ary purpose of the account i5 stated above
<br />5. Terms of Account. The terms of the account 5na!i be, as agl+ows
<br />A Credit Late- The Cretin Line s as Stated ir. the Tat) le 0 Ll,scinsurer; The Credd L tin it may be decreased apon written notice by First
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<br />Federal Lincoln to Cardholder at any time I I I he tonal amount owed or, the A,. (.oust, including unpaid Finance Charges, exceeds the Credit
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<br />Limit at any little (such excess is referred to as Oven, m,l 1. the A(,::(sunl hall be it default
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<br />S Account Term.
<br />ii ) General. "Account Term" means the period of lime fr.)rn tt:e date of ih,5 Agreement until the Cardholder's right to use the Caret is
<br />terminated.
<br />(2) Early Termination: First Federal Lincom may lenrnmate ;nit; Agteevner:l upon the sale or furl her encumbering of the Property, upon
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<br />CardhotdeYS default, or at any other time, witn or without CdU!se Tenninan n of the Account by First Federal Lincoln shall be effective
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<br />immediately upon the mailing of wntlen notice of temlmal,on by F irsl Federal Lincoln to the Ca,dholder at the address shown below, if: (i) the
<br />Account is in default in any respect. or I tit the Account has been ,n detauit. m any respect, wdhm the 90 -day period im medlately preceding such
<br />I ermination: or (iii) First Federal nas evidence or reasonable be ;gel that Cardholder is unable or unwilling to repay amounts owing under this
<br />Agreement, or im First Federal Lincoln has evidence ,.;r teas .3h!e t,ehef that an unauthorized use of the card may be made: or (v) such
<br />termination has been reque Sted by the Cardholder Or he rw, se. iuc rt turn in;a t,on shall not take effect until thirty 130) days after First Federal
<br />Lincoln malls written notice of such termination to the Cardhotde, tit the address Shown below.
<br />(3) Cancellation of Card The Card itseit may be cancelled grid re•,SSUett fr(;m time to time during the Account Terri without terminating
<br />the Account.
<br />C. Repayment. Each month in which the Account t•.a$ an unf)a,d balance. Girdholdef will pay an arnount equal to the Minimum Monthly
<br />Payment. shown on the accompanying Table. unless First Federal Lincoln ,equ,res earlier repayment in accordance with the Agreement
<br />D. Charges to Open Account. Cardholder shall pay the fr,!; owing charge, as appeats in the Table of Disriesures, at the time the Account is
<br />ot:ierted
<br />E. The established credit line is the maximum that can bit i SSu °d pry this account A hig^ar �,redit line can only be aSlabii ,he,d fry renewing
<br />the account and the charges for this are al, they appear in the 14Ue 'if Di!icfusures of tit„ Agreement.
<br />F. Periodic Charges. Cardholder shall pay the following charges which may accrue from time to time
<br />Or FINANCE CHARGES:
<br />jai The FINANCE CHARGE is detemimed by mule p-ymq w the °Average Daily Balance' for purchases, Checks and Cash Advances
<br />oulStan4mg during the monthly billing cycle days in the b:llrng c:yc,te by .,,f the niCtnlhiy Peric,d,r; Rale
<br />Ttse "Ayeratge Daily Balance is computed by adding together the ifa.ly , utsl,anUinq balances of your arc'"ount (that is, the lotal of all
<br />posted Purchases, Checks and Cash Advances, less any Credits and Payments p(isted) for each day of Itie moot hly billing cycle . and divtOnq
<br />, . ..., „_.......
<br />that sutra by the• number of days rn the billing cycle.
<br />The "Petrodic Rate" isa varisote rate based on an index. Tne ,ndex ,s the monthly average yield on U.S. Treasury Socurd!es adjusted
<br />to a constant maturity of one year. This index is made avadatic by the Federal Reserve Fioaid 5 Statslu „ai Release G 1:3 (41!i). The mast
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<br />nfC*nl Index figure available as of the date 15 days betwo each Rate Change Date and 455 days betnre each Payment Change Date is called
<br />tine "Current Index.' it the Index is no longer available. a new Index wi(I be used which is based upon comparabfe information Ncctf,cahon tit
<br />c 0M. eft sent to Cardholder Before each Rate (J Auger the new interest rate will Lie rateatitled by addt rig 400 basis punts
<br />£ _. IMWgsnt to the Current Index. The rasoits of this addlt;ov will be my new interest rate to 14 the next Rate C hearigee Date The
<br />rye is subject to charge m nthiy� ern the first day. The ,enr�.d r ate tc,r tt F lust r onih iS •A. iro which equivalent In an
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<br />AlriAli„tAL PEA ;EliT�,iE RAIf OF . t,0 18 - At ngnroodunnq the e,istenct: of t ,s Aglrc amens will the ANNUAL f"Fai4CfdTAG1- HA II tie
<br />era titan 1' gs_
<br />The FINANCE. CHAFuE begins to acctue on the Date the Pwc.T,ase- Check w Cast, Advance ,s pcstrio to your ,i:, oml
<br />The FMANCS CHARGE is r- ompuled as of the r_(rse of business on the Fjolmq C;ycie I,:los,nq !) are
<br />Aftat the %ra Cy. Ctosirxg Irate, a FINANCE (;hiAACvL tiOSahnwes faaec:rue^ vn tini Aver aqo Daily k>aia , f,
<br />w;ea nl rgpo�.u,lin fends.Arm .resvrtl,evenrl!entire itta�+q�Ebatanr>e ,s pall Un cN tier ;Ira ^, tho V6,t.unrt!:�;ve hone 6a fi llAANC:t. C'rlAPIitl ,,i o .;rue
<br />f -om fh�'rg,b kng Gyc*Cfofri ,nq Dolt" to the dale fin mvhx,h tf'. Pitt ont 3a ,', f@'xd,f e/1, i 111ta.tll ”, yr`.ilr (a, r .�lirel 'iii^ 1- lNAra� "t. : "i, A,-,it
<br />4k t"Vilts I&rl,iff the orrvig Cy'c'le to lr4wg Date and Laed! >re yokir Payment flay appinm, I— y(Jli e+xr
<br />x1taymeeni are ifary am l St 1fi l:ifiad FlNAN(.f ". (,faAHOV, ",-rt to , .td ['.;k it• aitiv.a" .he =, i, ;q
<br />dd`�k`tA',i�Y�3�i,:&�af4ri (rffi$"d': Ft,'�' a€?!'l,ri�r•i tU \1hl:blle: ,.f j�iiff, tY�be@L talk Eill o, Fr:,l,.t ,l -..I. is �fyt.:.w,7 !, r, ii't•, I,i,i f r',Y'i a e .. .
<br />a ?asst 0 .s (?sire Ar"t
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