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, 1 1 NOTE & DISCL4SURE STATEMENT (Including Arbitration Clausej Principal Amount of Loan: Date Note Sent to BoRower: Estimated Oate of Loan: Loan Number. $7,500.00 January 13,2016 January Z0,2016 2340199006 Name 8�Address of Lender: Name 8 Instaliation Address of BoRower(s): Judith A Hudson EnerBank USA John E Hudson 1245 Brickyard Road,Suite 600 4801 Afrport Rd 102 Salt Lake City, UT 84106 Zephyrhills,F�33542 In this Note&Disclosure Statement(this"Note"),the words"I","my", "me","we"and"debto�'refer to Borrower(s)identified above;and, the words"you"and"your"refer to Lender identified above or,upon assignment of this Note,Lender's assignee. 1. Loan. 1 have applied to you for the Eoan evidenced by this Note to purchase certain goods, equipment and/or services from US Air Conditioning,Heating(Refrigj ("Contractor"j. In order to induce you to make this loan, I represent and warcant that I will use the loan proceeds only for the purpose stated and only for the home improvement project at the address (the "Installation Address")set forth above. I further represent that 1 either own the pYoperty at the Installation Address or reside at the Installation Address which is owned by the co-Borrower under this Note. By signing the Payment Authorization Form bearing the same Loan Number referenced at the top of this Note, I am agreeing to the terms and conditions of this Note and I am acknowledging that the goods, equipment and/or services purchased from Contractor are acceptable and, if applicable, have been installed to my satisfaction. Furthermore, by signing the Payment Authorization Form, I am instructing you to disburse the proceeds,of the loan to Contractor. THE PAYMENT AUTHORIZATION FORM MUST BE SIGNED BY BORROWER(S)AND CONTRACTOR. IF THE SIGNED PAYMENT AUTHORIZATION FORM IS NOT RECEIVED BY LEIVDER ON OR BEFORE 05/11/'16 , THE PAYMENT AUTHORIZATION FORM WILL BE VOID AND THIS NOTE WlLL HAVE NO FORCE AND EFFECT. 2. Promise to Pav. By signing the Payment Authorization Form, I, Borrawer, promise to pay U.S. $ 7,500.00 (the "Principal"),plus interest,to your order according to the payment schedule below. 3. Interest. Beginning on the date the loan proceeds are disbursed by Lender to Contractor and conGnuing until the amount I owe you has been paid in full, I will pay interest at the simple interest rate of 2.99 % per annum. This interest rate is the rate I will pay both before and after any default described in paragraph 7 of this Note. Interest will accrue daily on that part of the Principal which has not been paid. Truth in Lending Disclosure Statement ANNUAL FINANCE Amount Financed Total of Payments PERCENTAGE CHARGE RATE The amount of credit provided The amount I will have paid after The dollar am�unt the credit to me or on my behalf. I have made all scheduled The cost of my credit as a `^'��cost me. payments. yearly rate. 2.99 % � 1.186.80 (e) $ 7.800.00 $ 8,686.80 (e) � Payment Schedule: My payment schedule will be: � Number of Pay,ments Amount of Payments When Payments are Due 120 $72.39 30 days after the loan proceeds are disbursed to Contractor and on the same day of each_month thereafter Prepayment: If I pay off this loan early, I will not have to pay a penalty. Late Charges: If a payment is not made within 10 days of the date it is due, I will be charged a late charge of$30 or in an amount equal to 5%of the unpaid amount of the payment,whichever is greater. Other Terms: I should read the remainder of this Note for additional information on nonpayment, default and your right to require repayment in full before the scheduled maturity date. e means an estimate Itemization of Amount Financed Amount paid to Contractor on my behalf: $ 7,500.00 Total Amount Financed: $ 7,500.00 4. Pavments. The payment schedule above assumes that I will pay all amounts when due. My first payment due date will be printed on my coupon book which you will mail to me. My monthly payments will be applied in the following order if I am not in default: interest, principal and other non-default fees and charges. If! have paid late or have been otherwise in default, my monthly payments may be applied in a different ord@r at your discretion. Because interest accrues daily on the unpaid principal balance,the amount of the last payment may decrease or increase if I pay earty or late. If, on the final scheduled payment date (the "Maturity Date"), I still owe amounts under this Note, I will pay those amounts in full on the Maturity Date. I will make my monthly payments to you at such location as you shall designate. 1-2000-1 Rev 316115