CONSUMER LOAN AGREEMENT I, ______________________ the undersigned (Borrower), agree to pay to ________________________ (Lender) the sum of _________________dollars ($ ) plus interest at a rate of ____ percent ( %) per year plus other charges as set out below. Breakdown of Loan: This is what Borrower will pay: 1. Amount of Loan: $__________ 2. Other (Describe) $__________ 3. Amount financed: $__________ (Add 1 and 2) 4. Finance charge: $__________ 5. Total of payments: $__________ (Add 3 and 4) ANNUAL PERCENTAGE RATE________________% Borrower will repay the amount of this note in _____equal uninterrupted monthly installments of ______ dollars ($ ) on the _____ day of each month beginning on the _____day of ___________, 20____, and ending on the _____day of ____________, 20____. Borrower has the right to prepay the whole outstanding amount at any time. In the event that this loan is pre-paid or refinanced, Lender will refund any unearned finance charge to Borrower. Any installment not paid within ten (10) days of its due date shall be subject to a late charge of ___ percent ( %) of the payment, not to exceed $_____for any such late installment. As security for the loan, Borrower gives to lender as a security interest in the following described property: If for any reason Borrower fails to make any payment on time, Borrower shall be in default. In the event of a default, Lender can then demand immediate payment of the entire remaining unpaid balance of this loan, without giving any further notice. If Borrower has not paid the full amount of the loan when the final payment is due, interest will accrue on the unpaid balance at ______ percent ( %) per year. If this loan becomes past due, Lender will have the right to pay this loan from any deposit or security Borrower has with Lender without notice to Borrower. If it necessary to place this note with an attorney for collection, Borrower agrees to pay attorney's fees, which shall be added to the unpaid balance of the loan. Date: ______________________________ Borrower