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<br /> 5. Riaht.To Prenav. I may make a full prepayment or a partial prepayment at any time without paying any penalty.
<br /> Notwithstanding the foregoing, I understand that if I prepay more than 3 monthly payments, but do not pay my loan in full, my next
<br /> payment due date will be moved forward a maximum of 3 months, and my regular monthly payments will recommence monthly
<br /> thereafter.
<br /> 6. Other Charaes. If you have not received the full amount of my monthly payment within 10 days of the date it is due, I will pay
<br /> you a late charge of$30 or in an amount equal to 5% of the unpaid amount of the payment, whichever is greater. I will pay this late
<br /> charge only once on any late payment. Additionally, I shall pay you a fee of$30 for any check or any other form of payment I give you
<br /> that is dishonored or retumed to you unpaid. Any overpayment in excess of$1.00 shall be refunded at final payoff of the loan.
<br /> 7. Default. I will be in default if any one or more of the following should occur:any payment or any other sum is not paid when due;
<br /> receivership or insolvency proceedings or any assignment for the benefit of creditors shall be instituted by or against me; I die;or, I fail
<br /> to keep any promise or meet any other obligation in this Note.
<br /> 8. Your Remedies Uaon Default. If this Note is in default,foflawing any notices required by law,you may require that my unpaid
<br /> balance, including interest and other charges and fees due under this Note (and not just amounts in defaultj, be paid immediately. If
<br /> this Note is in default and you are not immediately paid all amounts due under this Note, you may: set off my liability on this Note
<br /> against any of my deposits or property you hold;or pursue any other remedy you have under applicable law and following any notice to
<br /> me required by applicable law. I will pay all collection costs and expenses, including your actual and reasonable costs of enforcement
<br /> and collection of any amount due and payable under this Note, to the extent permitted by law. Such collection costs and expensss
<br /> shall also include reasonable attorneys'fees to the extent permitted by appllcable law, including any and all such fees arising due ta a
<br /> bankruptcy filing by or against me.
<br /> 9. Obliqations of Persons Under This Note. If more than one person signs the Payment Authorization Fonn as Borcower, each
<br /> such person shall be fully and personally obligated to keep all promises in this Note, including the promise to pay the full amount owed.
<br /> You may enforce your rights under this Note against each such person individually or against all Borrowers together. This means that
<br /> any one of the Borrowers may be required to pay all of the amounts owed under this Note. You may give one Borrower extensions to
<br /> pay or change or release his or her responsibility without releasing any co-Borrower in the same way.
<br /> 10. Time Is of the Essence. Time is of the essence. This means that all required payments must be made on the day due and all
<br /> other obligations must be performed on time. If I require additional time to make a payment or perform any other obligation, I
<br /> understand that I must obtain your approval in writing in advance far making a late payment or rendering any other late performance,
<br /> and that you are not required to give such approval.
<br /> 11. Invalid Provision. If any provision of this Note cannot be enforced,the rest of this Note will stay in effect.
<br /> 12. Waivers. You may delay enforcing any of your rights or elect not to enforce your rights without losing any of them. I and any
<br /> other person who has obligations under this Note waive the rights of presentment and notice of dishonor. "PresentmenY' means the
<br /> right to require you to demand payment of amounts due. "Notice of dishonor" means the right to require you to give notice that
<br /> amounts due have not been paid.
<br /> 13. Governinq Law. This Note, and any claim, dispute or controversy arising out of or relating to this Note or my loan, whether
<br /> based on contract, tort, fraud and other intentional torts, statute, regulation, constitution, common law and/or equity, are govemed by
<br /> and construed in accordance with the laws of the State of Utah (without regard to intemal principles of conflicts of law)and applicable
<br /> Federal law. The legality,enforceability and interpretation of this Note and the amounts contracted for,charged and received under this
<br /> Note will be govemed by such laws. This Note is entered into by Lender and Borrower in Utah. Lender makes decisions about
<br /> granting credit to Borrower and extending credit to Borrower under this Note from Utah. Lender and Borrower irrevocably and
<br /> unconditionally agree and consent that any arbitraGon, proceeding relating to or arising out of this Note(or,to the extent applicable,any
<br /> suit, action or other proceeding relating to or arising out of this Note}shall be brought exclusively in an arbitration tribunal (or state or
<br /> federal court or other tribunal), sitting in the State of Utah, Salt Lake County. Lender and Borrower hereby irrevocably waive, to the
<br /> fullest extent permitted by law,any objection to such venue and further waive any claim that such venue is in an inconvenient forum. In
<br /> the event of any conflict between the foregaing choice of goveming law and venue provisions and the rules of the National Arbitration
<br /> Forum,J.A.M,S./Endispute,or the American Arbitration Association,then these goveming law and venue provisions shall control.
<br /> 14. Neaative Credit Reports. As required by Utah law, I am hereby notified that a negative credit report may be submitted to a
<br /> credit reporting agency if I fail to fulfill any of the terms of my credit obligation.
<br /> 15. Entire Aqreement. This Note is the final expression of the agreement between Borrower and Lender and may not be
<br /> contradicted by evidence of any oral agreement or statement.
<br /> 16. Assianment. Lender may assign this Note and may do so without my permission. I may not assign my obligations under this
<br /> Note.
<br /> 17. Credit Report Authorization. Any person individually liable pursuant to this Note authorizes you or any of your affiliates fo
<br /> obtain credit bureau reports regarding such person's personal credit and make other credit inquiries that Lender determines are
<br /> necessary.
<br /> 18. Contractor Not an Aqent. I understand and acknowledge that Contractor is not an agent of Lender, that Contractor has no
<br /> authority to act on behalf of Lender,and that Lender is not bound by anything the Contractbr does or says with respect to this Note. If I
<br /> have authorized Lender to have Contractor deliver this Note to me, I acknowledge that Contractor is doing so only as a courier and for
<br /> my convenience. I also understand and acknowledge that Lencler, not Contractor, has prepared this Note and that any questions I
<br /> have regarding the Note or loan process should be directed to Lender.
<br /> Notice for California Residents; California law requires that Lender inform castomers that should they fail to fulfill the terms of
<br /> their credit obligation, a negative report reflecting on their credit record may be submitted to a credit reporting agency. If Borrower is
<br /> marcied, Borrower may apply for credit in Borrower's own name.
<br />, Notice for Florida Residents: Borrower agrees that, should Lender obtain a judgment against Borrower, a portion of
<br /> Borrower's disposable eamings may be attached or gamished (paid to Lender by Borrower's emp(oyer), as provided by Florida and
<br /> Federal law.
<br /> �-zooa� Rev.3/6/15
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