Professional Documents
Culture Documents
l-oons
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* 9nljtte ""*J'.i"'lu*r.a-@d;1";1lll#il,=ff;"ffilfu, TheStudent
LoanCorporation
LastName BANSAL
U.S.Permanent
Address
Fi19t
NgqgAMBRLSH
APT 8 8 COUNTRY CLUB ROAD
M.t. Sqffry DateofBirth
city tTHAcA
Q1,!)
StateNY
12 /
fro
16 / 1979
dav
ZIP14656
ciTibanK
Howrygnyygarsthqre?l- lf_le_ss
thanoneyearat permanen_t_address,
listpreviousaddress
Social
Securrty#916 - .01 . . .11 5 0 Driler'sLicense
# 174 State
Horne (turmqlqq! 607 ) 280 - 7556
Terephone thmlTelephmetlempaary){ ) SchoolCertification
Areyou-aU'S.ctizen?!IesFrq|!!qareyoUapemanentrs,de,'t1!YFDlllo19r4rag41aqqof,od.|mmiF|,5 To be complaed by the FinancialAid Offce.
NqMqCORNELI=JQIJNSQNGfiADUATESCHOOLQF MANAqEM cis/]IHAcA
PqIOOI S]aleNY I]? 14859.1485
C!ec!lhg.boxn€xtlolllgEqr
l!sghmlforwhichthisloanwill
beused UnQglradqqlepl-'t? t3 t4 !l 5(6lr) Graduate
Ei lz n: n+ lstoiii EDSchmlCode0027.11 Campus
Code63
MaiorBusiness/Marketing E-mq!l{!qg AMBB_|SH.BANSAL@GMA|L.COM LoanPeriod
forUseof Funds
f t o m /m/qf[ om 6/ llv
@Laan Infonnation Perind for Use of Payment E lvlakeno payments
whilein school.
Loan amount requested $ 20,000 oq 1 zg -1?oa7 qd
9eein mo 08 / 27 1.zooe D
i-{911 Makepayments whilein school.
Undergraduate
Yearin SchoolZl a2 ! 3 ! 4 ! 5
day yr mo. Oay yt_
Youmayboffowup to the fullcostof edu€tionlessany lf the loanyouare requesting
is for a pastperiod,the lf youdo notchms an opiion,yourprincipal Graduate Y e a r i n S c h oaol l a2 tr3 !4 tr5
financialaidyouare receiving.
Yourschoolwillbe requested lcn penodmusthale endedlessthan 12 monthsin and interestpaymentswill be defutredwhile
to certrt thisamounlandthe finalappro\€dloanamount the past. youarein school.
Student's
Enrollment
Status
couldbe lessthanthe amountreques'ted.
n FullTime ! HatfTime ! LessthanHalfTime
@ ApplicantReference Anticipated
Completion
Date
Pleaseprwide at adult re{erence.Referencemust rcdde at a US. ad<lressdifferent frorn your onrn.lf applyhg with a corigner, rc{estce must be a diffurent persd.
NameDEEPAM AGARWAL Certified
LoanAmount$
_ lorlqpr E ParentE Rdatiretr Oter
-B9la,!q:'Sfr!p-to
StTcet4O1OHANDEL COMMON City F,BEMONT StnteCA zrP94536 Recommended
Disbursement
Dates
Hqmeleleplsne(
819 ) 3E8 . _,1648 (
W_g(I-eleph,oqe ) lst/lZnd/
@ *a-signer!*formatia*
(Step
H!R!
m0
$
aay
H!RN
Se-instructions on reEm side 3) to dctemine it you shilH appv with a Gigner. 0nly om co+igner may be indicaed.
llotice:cHigner mustb€ a U.S.citizenor p€manef cide' at least18 yean of agL,mustfroide a [rmrnt U.S.addrss, andmusthavea verifablcin6m of at leastSl8,frO per year
SocialSecurity# 0L4 --,. -- -80 . , ,
3rd 4th
3351 Cosignerrelationshiptostudent
ll%rent lRelative EOrer
LASINAMCARUNACHALAM FirstNameSURESH lV.l. Suffix(Jr.,Sr.,Etc.) qaeol8irt! 09 1 07 1'tsz'l HtrR! $ H!RD
stlqel-3,5403MoNTEBBA CTRCLE
-" r
cttvUNIQNCtJy srare
cA t;tps+sli Weherebycertifothatthe studentnamedin thisapplication
HowManyYearsThqlql is/wasattending duringthe Loanperiodthis
this institution
,4yrs0months. StO t 441| - lSZg
HomeTetephone!
Loanis beingrequested. Wefurthercertih/that,basedupon
ff l9s9 th?4 on9 !_'eal_4_p9!!tran9!tt-ad-qre99,
!!st pryt4grts address: records available at this institution,
the applicant
is not in
defuulton anystudentloanandthattheinformation provided
Drler's license# 87144323 StateCA AreyqqqU,S
citizen? qgopyofyqqllmmigrationFormf55l.)
!Yes ENo (lfqorqltqglr aboveis trueandaccurate to the bestof ourknowledee
and
@ *redit/ErT:Flsyment
E*€+rmati** belief.Wecertify thatthesumof all loansandtinanci-al aid,
jncluding thisLoan,doesnolexceed thecostof education
at
this institution.
Thecredit information
below isfor E Cosigner! Undergraduateonowncreditworhiness
(Refer
b Sbp4 for instructions.)
l\4ortthlyHousingPrymgllg !,500 E0w1 trRent fllirewrthparent Sisnature
of SchoolOfficial
Emplopr/Company NqrlqeRACLECORpORATf ON CityREDWeODSHOfES StateCA ZIP94065
Yeafs wthemployer 9 yfs-o.months Current
PositionDIRECTOR Telgphone[ 650 I 506 - 7000
lf lessthantwoyears,
listprevious
employer position Date
lelepnonet l -
Gro99MOI!TI|!YttrpgqeFr-oqEmptqy4enr. $ ZO00 l.l Y-e9
Selfemployed? , E Nq Retired?EYes ENo PrintName
()tIelUOnTHly ltqgng (Spo!rs?|,. qrc.)l' $
*Gross individual monthly income
rcJr!a_|, 9!Er ttcclte $qurce(9ee_S!ep 4l
must be at least 91,500. Income verificaiion may be required. Tifle
"Alimony, child support, or separale maintenance income need not be revealed il tou do not wish ro have it considercd as a basis for repaying ihis loan.
Telephone
Number
@ €ignatures Sig::and*ate Below}
{Please ' P|,re rctsto Step 5for irbualrc
For knder UseOnlv
Pla* read lnur encb*d PromissoryNote in its entircty bcfm signingthb *ction. lf youdo nothavea promismrynote,pteasemll i€0O967-2400,andre'll prompflysendyouone.
SourceCode:rHowFAtD
App lD: 2180s447
Slvenln g0o0raltn. lt my promissorfnotqrs a Ma,styplupa(Loan Promrssory
Note,I understand
that multipleLoansmay be disbursedunderthe termsof the Note.
SimatureofBorrower I M.A"T Date 6X / 2-3/ O?,
Vers.gsz Code:peoos
Sponsor
Pti* m surewu r9r pur nire exacuy as nWfta,s m Srcftn A , od y.
ignatuIe of Cosignef Borrower
Alien#
. Date / /
PMe F \ue pu srgn lour Bm erettyas I arers In Sed@ D co 04 t.
Warning: Any person who knowingly makes a false statement or misrepresentation on this form is subject to penalties which may include fines or imprisonrent. CGSignerAlien#
sinjl 116 ol rt.ro
f\
YA v,ta-,ry1fhrr-oro<,r., gRr(H
4- KAIL,SA (_
t)
,4!?1D : zlgo .l qq )
ITIONS
"Loan Fee(s)"meansa guarantyfee that you may chargeme to compensateyou againstthe riskof
default.The terms of my Loan,as set forlh in a ConditionalApprovalLetter,will specifywhetherthe Loan
Fee is to be chargedto me or my Loan balanceupon:approvalof a Loan,upon disbursement of an
advancemadeunderany Loan,at the commencement of the repaymentphase,or at someothertime.
Thisfee may be addedto the principal amountof any Loan(s).
PROMISETO PAY
LOAN AMOUNTDISCLOSURE
STATEMENT
You havethe rightnot to make a Loanor to lend me an amountlessthan the amountthat I requested.I
agreethatthe numberof disbursements Loanwillbe limitedto one per term
withrespectto an individual
and fourper AcademicYear.You willsendme a disclosure statementtellingme the amountof any
disbursement(s) and otherinformationincludingany separatenoticesto co-signerrequiredby applicable
law. I will reviewthe disclosurestatementand otherdocumentsupon receivingthem and will contactyou
if I haveany questions.
BORROWER'SRIGHTTO CANCEL
lf I am not satisfiedwith the termsof my Loanas approved,I may cancelany Loan and any
disbursements. To cancelany disbursement underthis Note,I mustcontactyou in writingwithin15 days
of receivingthe disclosurestatementor co-signernolice,notifymy School,not endorseany Loancheck,
and ensurethat any Loandisbursements are returnedto you.Cancellationof a disbursement doesnot
altermy obligationto repayamountsadvancedto me or to my Schoolon my behalfor to terminatethis
Notewith respectto priorLoans.I understandthat I may also cancelor reducethe size of any
disbursement by informing you in writingwithin15 daysof receiving the approvalletter,disclosure
statementor any subsequent disbursement. I may alsocancelany Loanby informing you in writingwithin
15 daysof receiving the Conditional ApprovalLetter,disclosure statement or any subsequent
disbursement and by arranging for all disbursements to be returnedto you.
lf all or any portionof any Loanfundsdisbursedare returnedto you by the Schoolor me within30 days of
the Disbursement Date,you will chargeno interestor chargeson the funds returned.I understandthat if
a Loan is canceled,I will haveto reapplyto obtaina new Loan.
INTEREST
Intereston each Loan underthe Notewill be calculatedat the VariableRate (as definedbelow)beginning
on the first Disbursement Dateon the principalbalanceadvancedand on any unpaidinterestaddedto
principal accordingto the Termsof Repayment belowuntiltheNoteis paidin full.Interestwillbe
calculatedbasedon the actualcalendardays in any year and uponthe actualnumberof calendardays
fromthe Disbursement DateuntiltheNoteis oaidin full.
The "Variable Rate"for eachLoanmadeunderthe Noteis the sum of the PrimeRatepublishedin lhe
Wall StreetJournalunderthe "MoneyRates"sectionfor the day which is 30 days priorto the f irstday of
, April,Julyand Octoberof eachyear(the"lndex")plusor minusthe percentage, as identified
on
applicableConditionalApprovalLetterthat I receivedin connectionwith the Loan,whichis hereby
intothis Note,per annum(the"Margin"), roundedto the nearesthundredth(.01%),but in no
t greaterthan the maximumallowedby law.The VariableRatewill changequarterlyon the firstday
of January,April,July,and Octoberof each year (eacha "ChangeDate").For example,the VariableRate
for any JanuaryChangeDatewill be determinedby usingthe Indexpublishedin The WallStreetJournal
for the precedingDecember2nd, lf The WallStreetJournalisnot publishedor the Indexis not given,
thenthe Indexwillbe determined by usingthe immediately preceding publishedIndex.In the eventthat
morethanone PrimeRateis published, the Indexwillbe the highestratepublished.
lf the Indexceases
to be available,you will choosea comparableIndex.
TERMSOF REPAYMENT
You willadd all unpaidinterestto the principalbalanceof eachLoanat the end of the InterimPeriod.
Duringthe InterimPeriod,you will send accountstatementson my Loan(s)at leastquarterlyto me.
Duringmy RepaymentPeriod,I willmakeconsecutive monthlypaymentsbasedon the amountsand on
the due datesshownon my monthlystatements.I understandlhat as the VariableRateon my Loan(s)
adjusts,the monthlypaymentamountmay increaseor decreaseor the numberof scheduledpayments
may increaseor decreaseto be sufficientto fully repayall of the principal,interest,and othercharges
whichare owedon this Notewithinthe remaining repayment term.I understand that I willreceiveone
billingstatement whichwillseparately identifyand includeall Loansmadeto me underthe Note.
( Su,nLsrr ffRttrvne,Hnu-n4)
C o 5 ' 1 6 1 t 64
9 c , r rq l ( ol t(fo
AP?ru 2,go ?q tr ?
Arq g(r (H €A,\rs/+L
lf any portionof a monthlypaymentremainsunpaidfor a periodof morethan 1Odaysafterthe due date,
you may chargeand I will pay a late paymentchargeof up to $15 per delinquentpayment,but never
morethanthe maximumamountallowedby law.I willpay onlyone latepaymentchargeper monthly
paymentregardlessof the numberof days it is late.
lf I am unableto repaymy Loan(s)accordingto the termsof the Note,I may requestthat you modifythe
termsof repayment.I understandthat such modification will be at your discretionand that if such
modification resultsin a postponementor forbearanceof paymentsfor any period,interestwill continueto
accumulateduringthat period.Any unpaidinterestat the end of the forbearanceperiodwill be addedto
the principal balanceof my Loan(s).My obligation
to repayall Loansmadeunderthis Notewill remainin
force even if I becometotallyand permanentlydisabledor die.
ACY
DEFAULT
To the extentpermittedby law, I will be in defaultand you will havethe rightto give me noticethat the
wholeoutstandingprincipalbalance,accruedinterestand all otheramountsdue to you underthe terms of
the Noteare due and payableat once,subjectto any law whichmay give me the rightto cure my default,
if (1) | failto makemy monthlypaymentto you whendue,(2) | failto notifyyou of a changein my name,
address,or schoolenrollmentstatuswithin30 days aftera changeoccurs,(3) | breakany of my other
promisesin this Note,(4) any bankruptcy proceeding is begunby or againstme, (5) if I assignany of my
assetsfor the benefitof my creditors,(6) | make any falsewrittenstatementin applyingfor this loan or in
any communication concerningthisloan,(7) | failto remitto you any refundof loanproceeds, or (8) |
defaultunderthe termsof any otherloan made by you to me.
Co sr qN €K
<<^{ 1tA D( tt So
A?ptD Z4Zoqc{cr>
lf I defaultunderany Loan subjectto this Note,I will be requiredto pay interestat lhe contractrate(s)
providedfor said Loan(s)whichaccumulatesafterdefaultaccordingto the termsof this Note.The interest
rateafterdefaultor afternoticeof demandfor paymentin full will be subjectto adjustmentin the same
manneras priorto the default.lf I default,I will also be responsible
to pay reasonablecollectioncosts,
includingreasonableattorney'scharges,courtcostsand collectionchargesto the extentallowedby law.
Notice: The following"Notice"is providedto you underfederallaw to warn you of the negativeimpact
that your defaultingon your obligationsunderthis Note may have on your creditrating.
I N S U R A N C EA:S S I G N M E NO
TF NOTE
ARBITRATION
OF DISPUTES
crd'
PLEASEREADTHISARBITRATION
I CAN REQUIRETHATANY CONTROVERSY
ARBITRATION
PROVISION CAREFULLY. IT PROVIDESTHAT EITHERYOU OR
OR DISPUTEBE RESOLVEDBY BINDING
(EXCEPTFOR MATTERSTHATARE EXCLUDEDFROMARBITRATION AS
SPECIFIED B E L O W )A. R B T T R A T I ORNE P L A C E S
T H E R T G H T O G O T O C O U R T t, N C L U D t N T
GH E
RIGHTTO A JURYAND THE RIGHTTO PARTICIPATE IN A CLASSACTIONOR SIMILAR
PROCEEDING. IN ARBITRATION, A DISPUTEIS RESOLVEDBY A NEUTRALARBITRATOR
INSTEAD O F A J U D G EO R J U R Y .A R B I T R A T I OPNR O C E D U R EASR E S I M P L E R
A N D M O R EL I M I T E D
THAN RULESAPPLICABLE IN COURT.
provision,
Definitions.As usedin thisarbitration the followingdefinitions
willapply:
Agreementto arbitrate:
A l"4&Rtsq QANSAL
lnitiation of Arbitration:
$u
nee rr ARttN^ c s A (. A,L4)
(oey., xt€\
ssru: A4+t+r 4t6 ot 0 s-.-o
At( tD | 2 _ 1 2 6q q q \
At 4BRt<4 eA ^-1sA\_
Costs:
Withinf ifteendays afteran awardby the singlearbitrator,any partymay appealthe awardby requesting
in writinga new arbitrationbeforea panelof threeneutralarbitratorsdesignatedby the same Arbitration
Administrator. The panelwillconsiderallfactualand legalissuesanew,followthe samerulesthatapply
to a proceedingusinga singlearbitrator,and make decisionsbasedon the vote of the majority.Costswill
be allocatedin the same way they are allocatedfor arbitrationbeforea singlearbitralor.An awardby a
panel,or an awardby a singlearbitratorafterfifteendays has passed,shallbe linal and bindingon the
parties,subjectto judicialreviewthat may be permittedunderthe FAA.An awardin arbitrationwill be
enforceableas providedby the FAA or otherapplicablelaw by any courthavingjurisdiction. Judgment
Severability,su rvival:
ADDITIONALAGREEMENTS
My responsibility for repayingthis Note is unaffectedby the liabilityof any otherpersonto me or by your
tpilureto not notifyme that a requiredpaymenthas not been made.Withoutlosingany of your rights
underthis Noteyou may acceptlate paymentsand/orpartialpayments,even if marked"paidin f ull".
Unlessyou and I enterinto an expresswrittenagreement,no restrictiveendorsementon any paymentwill
be an accordand satisfaction of the balancedue underthe Note.You may delay,fail to exercise,or
waiveany of your rightson any occasionwithoutlosingyour entitlementto exercisesuch rightsat any
futuretime or on any f utureoccasion. You willnot be obligatedto makeany demanduponme, sendme
any notice,presentthis Noteto me for paymentor makeprotestof nonpaymentto me beforesuingto
collectthisNoteif I am in default,and to the extentpermitted by applicable law,I herebywaiveany rightI
mightotherwisehaveto requiresuch actions.
This Notewill be deemedto have been made in the Stateof Nevadaand your decisionon whetherto
lendme moneywillbe madein Nevada.Consequently, the provisions
of this Notewillbe governedby
federallawsand the lawsof the Stateof Nevada,withoutregardto conflictof laws rules.
lf any provision
of this Noteis heldinvalidor unenforceable, that provision
willbe considered
omittedfrom
the Notewithoutaffectingthe validityor enforceability
of the remainderof the Note.
SECURITYINTEREST
I understandthat the proceedsof this loan are to be usedfor specific educationalexpenses.I grantyou a
securityinterestin any refundsof the proceedsof the loan givento me by my educationalinstitutionor
any otherpafiy.Collateral securityfor otherloans,otherthanthoseloanssecuredby my principal
dwelling,whichI may havewithyou willalsosecurethis loan.
NOTICES
Any noticeyou are requiredto give me will be consideredeffectivewhen mailedby f irstclass mailto the
most recentaddressyou havefor me or deliveredelectronically if I have requestedelectronicdelivery.
ENTIREAGREEMENT
ARIZONA:I agreeto pay an effectiverateof interestequalto the rateof interestapplicableto this Note,
as set forth in "interest"above,plus any additionalrateof interestresultingf rom any otherfees or charges
paidor payableby me in connection withthis Notethat may be deemedto be interestunderapplicable
taw.
C cotl ct t"t.)
Ss^,' . nI6 ot tr * s o
Aftr rD 2 t 9 L o4 e t r \
4\4E8rst1 6AL/-s4t_
OKLAHOMA:lf I am in defaultand the totalamountdisbursedunderthis Noteis greaterthan$3,400(or
any higherdollaramountestablishedby lawfor the paymentof suchfees),I agreeto pay the Lender's
courtcosts.
'1
TEXAS RESIDENTS:To contactthe Lenderaboutthis accountcall -BO0-538-8492. This contractis
subjectin wholeor in pafi to Texas law which is enforcedby the ConsumerCreditCommissioner,2601
NorthLamarBoulevard Austin,IX78705-4207,phone1-512-479-1285 or 1-800-538-1579.
Contactthe
Commissioner relativeto any inquiriesor complaints.
NEW YORK:By signingas a CosignerI am actingas a "guarantor" and if thereis a defaulton any of the
Borrower'sobligationsunderthe terms of the Note,I agreeto pay all sums due as set forth in the Note.
Thissum couldincludethe principal amountowed,plusinterestand otherfees/charges, plusreasonable
attorneyfees and collectionscostsas providedunderthe termsof the Notewhich I acknowledge
receivinga copypriorto signingas a guarantor I alsoagreethatyou can collectthisdebt
or co-signer.
from me withoutfirsttryingto collectfrom the Borrower.
CALIFORNIA
Noticeto Co-signer(Spanishtranslation)
AvSArsr/ €n r(s4L
AVISOPARAEL FIADOR(SpanishTranslation
RequiredBy Law)
FEDERALNOTICETO CO-SIGNER
The co-signer is being asked to guaranteethis debt. Think carefully before agreeingto do this. lf
the Borrower doesn't pay this debt, the co-signer will have to. Be sure the co-signer can afford to
pay if necessary,and that the co-signer wants to accept this responsibility.The co-signer may
\ Thaveto pay up to the full amount of the debt if the Borrower does not pay. The co-signer may also
,/{ have to pay late charges or collection costs, which increasethis amount. The lender or holder of
\ this loan can collect this debt from the co-signer without first trying to collect from the Borrower.
n I /
\N / The lender or holder of this loan can use the same collection methods against the co-signer that
\y can be used against the Borrower,such as suing the co-signer,garnishing wages, etc. lf this debt
is ever in default,that fact may become part of the co-signer'scredit record.
This notice is not the contract that makes the co-signer liable for the debt.
Version332 - Borrower'sCopy
10/01/2006
MasterStudentLoanPromissoryNote/ Co-Signer's
Copy
The words"1","me", "my", "us" and "mine" meanthe Borrower(thestudent-applicant)
and co-signer
(theguarantor), The words"you", "your", and "yours" mean
exceptwhereotherwiseindicated.
Citibank,N.A.,its successors,
and assignsincluding
any insurancecompanyacquiring thisMaster
StudentLoan PromissoryNote ("Note")by paymentof an insuranceclaim.
DEFINITIONS
The "lnterim Period" is a time periodwhich beginson the first Disbursement Dateand ends six months
after I graduateor ceaseto be enrolledat leastparttime at an approvedschool.The InterimPeriodwill
neverexceedten (10)yearsplussix (6) monthsfor undergraduate studyand four (4) yearsplus six (6)
monthsfor graduatestudy.
PROMISETO PAY
Qu ees,-r c rt nc*r,l)
ftRu^,lte
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Ssr.Jl(16 or lrso
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AraBSLslf pAr,ls,L_
STATEMENT
LOAN AMOUNTDISCLOSURE
You havethe rightnot to make a Loanor to lend me an amountlessthan the amountthat I requested.I
agreethat the numberof disbursements with respectto an individualLoan will be limitedto one per term
and four per AcademicYear.You willsendme a disclosure statement tellingme the amountof any
disbursement(s) and otherinformationincludingany separatenoticesto co-signerrequiredby applicable
law. I will reviewthe disclosurestatementand otherdocumentsupon receivingthem and will contactyou
if I haveany questions.
OWER'SRIGHTTO CANCEL
lf I am not satisfiedwith the terms of my Loan as approved,I may cancelany Loan and any
'15
disbursements, To cancelany disbursement underthis Note,I mustcontactyou in writingwithin days
of receivingthe disclosurestatementor co-signernotice,notifymy School,not endorseany Loancheck,
and ensurethat any Loan disbursements are returnedto you. Cancellation
of a disbursement does not
altermy obligationto repayamountsadvancedto me or to my Schoolon my behalfor to terminatethis
Notewith respectto priorLoans.I understandthat I may also cancelor reducethe size of any
disbursement by informing you in writingwithin'15daysof receiving the approvalletter,disclosure
statement or any subsequent disbursement. I may alsocancelany Loanby informing you in writingwithin
15 days of receivingthe ConditionalApprovalLetter,disclosurestatementor any subsequent
disbursement and by arranging for all disbursements to be returnedto you.
lf all or any portionof any Loanf undsdisbursedare returnedto you by the Schoolor me within30 days of
the Disbursement Date,you willchargeno interestor chargeson the funds returned.I understandthat if
a Loan is canceled,I will haveto reapplyto obtaina new Loan.
INTEREST
The "VariableRate"for each Loan made underthe Note is the sum of the PrimeRateoublishedin Ihe
WallStreetJournalunderthe "MoneyRates"sectionfor the day which is 30 days priorto the firstday of
January,April,Julyand Octoberof eachyear(the"lndex")plusor minusthe percentage, as identifiedon
the applicableConditionalApprovalLetterthat I receivedin connectionwith the Loan,whichis hereby
incorporatedintothis Note,per annum(the"Margin"), roundedto the nearesthundredth(.01"/"),but in no
eventgreaterthan the maximumallowedby law.The VariableRatewill changequarterlyon the f irstday
of January,April,July,and Octoberof each year (eacha "ChangeDate").For example,the VariableRate
for any JanuaryChangeDatewill be determinedby usingthe Indexpublishedin The WallStreetJournal
I understandthat the total interestdue on the Notewill be the aggregateamountof the interestdue on
each Loan made underthe Note.
TERMSOF REPAYMENT
You will add all unpaidinterestto the principalbalanceof each Loanat the end of the InterimPeriod.
Duringthe InterimPeriod,you will send accountstatementson my Loan(s)at leastquarterlyto me.
ing my RepaymentPeriod,I will make consecutivemonthlypaymentsbasedon the amountsand on
due datesshownon my monthlystatements.I understandthat as the VariableRateon my Loan(s)
adjusts,the monthlypaymentamountmay increaseor decreaseor the numberof scheduled payments
may increaseor decreaseto be sufficientto fully repayall of the principal,interest,and othercharges
whichare owedon this Notewithinthe remaining repayment term.I understandthat I will receiveone
billingstatement whichwillseparately identifyand includeall Loansmadeto me underthe Note.
lf I am unableto repaymy Loan(s)accordingto the termsof the Note,I may requestthat you modifythe
termsof repayment.I understandthat such modification will be at your discretionand that if such
modificationresultsin a postponementor forbearanceof paymentsfor any period,interestwill continueto
accumulate duringthat period.Any unpaidinterestat the end of the forbearance periodwillbe addedto
the principalbalanceof my Loan(s).My obligation
to repayall Loansmadeunderthis Notewill remainin
forceeven if I becometotallyand permanentlydisabledor die.
PRIVACY
DEFAULT
To the extentpermittedby law, I will be in defaultand you will havethe rightto give me noticethat the
outstandingprincipalbalance,accruedinterestand all otheramountsdue to you underthe termsof
the Noteare due and payableat once,subjectto any law whichmay giveme the rightto curemy default,
if (1) | failto makemy monthlypaymentto you whendue,(2) | failto notifyyou of a changein my name,
address,or schoolenrollmentstatuswithin30 days aftera changeoccurs,(3) | breakany of my other
promisesin this Note,(4) any bankruptcy proceeding is begunby or againstme, (5) if I assignany of my
assetsfor the benefitof my creditors,(6) | make any falsewrittenstatementin applyingfor this loan or in
any communication concerning thisloan,(7) I failto remitto you any refundof loanproceeds, or (8) |
defaultunderthe termsof any otherloan made by you to me.
lf I defaultunderany Loan subjectto this Note,I will be requiredto pay interestat the contractrate(s)
providedfor said Loan(s)whichaccumulatesafterdefaultaccordingto the terms of this Note.The interest
rateafterdefaultor afternoticeof demandfor paymentin full will be subjectto adjustmentin the same
manneras priorto the default.lf I default,I will also be responsible
to pay reasonablecollectioncosts,
includingreasonableattorney'scharges,courtcostsand collectionchargesto the extentallowedby law.
Notice: The following"Notice"is providedto you underfederallaw to warn you of the negativeimpact
thatyourdefaultingon yourobligations underthis Notemay haveon yourcreditrating.
I N S U R A N C EA:S S I G N M E NO
TF NOTE
I understandthat you may obtaininsuranceto insurepaymentof any Loan made underthis Note upon
default.lf any insurance
company,its subsidiaries, or assignees are requiredunderany insurance
agreementto repayany and all Loanssubjectto this Note,such companywill becomethe holderof this
Noteand will haveall the rightsof the originallenderto enforcethis Note.
provision,
Definitions.As usedin thisarbitration the followingdefinitions
willapply:
A r-a&Rts>l €,apsn L
Initiationof Arbitration:
Costs:
Severability,survival:
ADDITIONALAGREEMENTS
My responsibility for repayingthis Note is unaffectedby the liabilityof any otherpersonto me or by your
failureto not notifyme that a requiredpaymenthas not been made.Withoutlosingany of your rights
underthis Noteyou may acceptlate paymentsand/orpartialpayments,even if marked"paidin f ull".
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A M AAGq &nrh4L_
Unlessyou and I enterinto an expresswrittenagreement,no restrictiveendorsementon any paymentwill
be an accordand satisfaction of the balancedue underthe Note.You may delay,fail to exercise,or
waiveany of your rightson any occasionwithoutlosingyour entitlementto exercisesuch rightsat any
f uturetimeor on any f utureoccasion. You willnot be obligatedto makeany demanduponme, sendme
any notice,presentthis Noteto me for paymentor make protestof nonpaymentto me beforesuingto
collectthis Note if I am in default,and to the extentpermittedby applicablelaw, I herebywaiveany rightI
mightotherwisehaveto requiresuch actions.
This Notewill be deemedto have been made in the Stateof Nevadaand your decisionon whetherto
lend me moneywill be made in Nevada.Consequently, the provisionsof this Notewill be governedby
federallawsand the lawsof the Stateof Nevada,withoutregardto conflictof laws rules.
SECURITYINTEREST
NOTICES
Any noticeyou are requiredto give me will be consideredeffectivewhen mailedby firstclassmailto the
most recentaddressyou havefor me or deliveredelectronically if I have requestedelectronicdelivery.
ENTIREAGREEMENT
ARIZONA:I agreeto pay an effectiverateof interestequalto the rateof interestapplicableto this Note,
as set forth in "interest"above,plus any additionalrateof interestresultingf rom any otherfees or charges
paidor payableby me in connectionwith this Notethat may be deemedto be interestunderapplicable
law.
as providedin
GEORGIA:I waiveany rightto requirethe Lenderto take actionagainstthe principals
o.c.G.A. s 1o-7-24
NEW YORK:By signingas a CosignerI am actingas a "guarantor" and if thereis a defaulton any of the
Borrower'sobligationsunderthe terms of the Note,I agreeto pay all sums due as set forth in the Note.
Thissum couldincludethe principal amountowed,plusinterestand otherfees/charges, plusreasonable
attorneyfees and collectionscostsas providedunderthe termsof the Notewhich I acknowledge
receivinga copy priorto signingas a guarantoror co-signer.I also agreethat you can collectthis debt
from me withoutfirsttryingto collectfrom the Borrower.
Noticeto Co-signer(Spanishtranslation)
CALIFORNIA
AVISOPARAEL FIADOR(SpanishTranslation
RequiredBy Law)
FEDERALNOTICETO CO.SIGNER
The co-signer is being asked to guaranteethis debt. Think carefully before agreeing to do this. lf
the Borrower doesn't pay this debt, the co-signer will have to. Be sure the co-signer can afford to
pay if necessary,and that the co-signer wants to accept this responsibility.The co-signer may
have to pay up to the full amount of the debt if the Borrower does not pay. The co-signer may also
have to pay late charges or collection costs, which increasethis amount. The lender or holder of
this loan can collect this debt from the co-signer without first trying to collect from the Borrower.
The lender or holder of this loan can use the same collection methods against the co-signer that
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can be used againstthe Borrower,such as suing the co-signer,garnishingwages,etc. lf this debt
is ever in default,that fact may becomepart of the co-signer'scredit record.
Version332- Co-Signer's
Copy
1010112006
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