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INTEREST MINIMIZER Enroll #: 10043602 Biweekly Program Agreement and Electronic Debit Authorization Nationwide Biweekly Administration, Inc.

INTEREST MINIMIZER

Enroll #:

10043602

Biweekly Program Agreement and Electronic Debit Authorization

Nationwide Biweekly Administration, Inc. (“NBA”) and the individual(s) identified below (individually and collectively, the “Client”) agree to the

terms and conditions contained in this Interest Minimizer Program Agreement (this “Agreement”). As used in this Agreement, the terms “I” and

“my” refer to the Client; and the term “Program” refers to NBA’s Interest Minimizer Program that is the subject of this Agreeme nt.

  • 1. CLIENT INFORMATION.

 

Last Name:

CLEMENT

Property Address:

4614 NE 44TH ST

 

First Name:

VIRGINIA

Property City:

VANCOUVER

 

Middle Initial:

L

Property State:

WA

Zip:

98661

Date of Birth:

11/8/1954

Mailing Address:

4614 NE 44TH ST

 

SS#:

539-58-4070

Mailing City:

VANCOUVER

 

Email:

VIRGINIA.CLEMENT@GMAIL.COM

Mailing State:

WA

Zip:

98661

Co-Borrower:

Day Phone #:

360-737-3731

Date of Birth:

SS#:

Evening Phone #:

360-737-3731

 
  • 2. CLIENT LOAN INFORMATION.

 

Loan Account #:

0075306555

Amount Borrowed: $

101,445.00

 

Lender Name:

METLIFE HOME LOANS

 

Term:

30

years

0

month(s)

 

Payment Address:

PO BOX 71093

Interest Rate:

3.75

%

City:

PO BOX

Monthly Payment: $

941.37

 

State:

NC

Zip:

28272

Extra to principal: $ 25.81

 

(bi-weekly)

Lender Phone #:

800-369-2219

Payment Due Date:

1/1/2012

 
 

Purpose of Loan:

PRIMARY MTG

 
 

3. CLIENT’S AUTHORIZATION FOR PERIODIC ELECTRONIC TRANSFERS FROM DESIGNATED ACCOUNT. In order to enable NBA to

collect from Client and to pay on Client’s behalf, in the manner provided for in this Agreement, loan payments on the loan identified in Section

2 above (the “Loan”), Client hereby authorizes and directs NBA to collect from the checking or savings account that is identified below (such

account, the “Designated Account”), to which Client hereby warrants that Client has the unilateral authority to authorize collection from the

Designated Account, the following amounts which include a $3.50 per debit fee by electronic debit.

Financial Institution Name:

COLUMBIA C.U.

_

City:

VANCOUVER

___

WA

State: _________

Routing #:

323383349

(must start with 0, 1, 2, or 3)

Account #:

109484

Account Type:

Checking

Savings

First Debit Date:

First Debit Amount:

 

Bi-weekly Debit Date:

Bi-weekly Debit Amount:

12/9/2011

$500.00

 

12/23/2011

$500.00

Last monthly payment borrower must pay to lender:

12/1/2011

If any Collection Date falls on a holiday, I authorize NBA to collect the amounts specified in this Section 3 on the first following business

day that is not a holiday.

  • 4. SETUP FEE.

By signing below, I acknowledge that I agree to a non-refundable deferred setup fee equivalent to one bi-weekly debit and that I currently owe

that amount to NBA; and I authorize NBA to collect such amount by deducting it from the amount it collects from my Designated Account. In addition, if I cancel

my enrollment in the Program for any reason before I have paid such amount in full, I authorize NBA to collect the unpaid balance by electronically debiting the Designated Account.

  • 5. ENTIRE AGREEMENT. By signing below, Client (i) acknowledges that he/she read and signed this Agreement on the date specified below,

and (ii) agrees to all of the terms of this Agreement, including those contained in Sections 6 through 16 on separate page. This agreement

shall be deemed effective after it has been signed by the Applicant and NBA has processed and approved this agreement.

Virginia Clement

Digitally certified by: Nationwide Biweekly Administration, Inc.

11/28/2011

Client Signature

Date

Fax Enrollment Form to:

971-223-3531

Mail Enrollment Form to:

Nationwide Biweekly Administration 855 Lower Bellbrook Rd Xenia, OH 45385

© 2009 Nationwide Biweekly Administration
© 2009 Nationwide Biweekly Administration
 
 
  • 6. APPOINTMENT. Client appoints NBA, and their respective successors and assigns, to administer this program, and authorizes them to make all the

necessary bank transactions to facilitate this program. NBA will handle all customer service issues pertaining to Client’s account. Client agrees that any changes to Client’s loan must be reported in writing to NBA and that Client is responsible for proof of delivery. Client also understands and agrees that Client will contact NBA’s Customer Service Department immediately, at (800) 564-5693, should any problems occur with regard to Client's account, so that NBA may take the steps necessary to correct the situation in a timely manner.

  • 7 ACCURACY OF INFORMATION/AVAILABILITY OF FUNDS. Client understands that NBA’s ability to collect funds from the Designated Account, as

contemplated by Section 3 hereof, and to make Loan payments on behalf of Client, as contemplated by Section 8 hereof, is dependent upon (i) the accuracy of the information contained in Sections 1 and 2 hereof, (ii) the accuracy of the information Client has provided with respect to the Designated Account, and (iii) Client maintaining sufficient funds in the Designated Account to cover the collections authorized in Section 3. In that regard, Client represents to NBA that Client has carefully reviewed and is comfortable with the accuracy of all such information. Client agrees to pay a fee of $20.00 each time NBA is unable to complete a collection authorized under Section 3 due to the fact that insufficient funds are contained in the Designated Account. In each such instance, Client authorizes NBA to collect the $20.00 fee by electronically debiting the Designated Account.

  • 8 COMMENCEMENT OF LOAN PAYMENTS. It will take several weeks for NBA put in place the electronic debit systems that are necessary to make

the collections from the Designated Account that are called for under Section 3 of this Agreement. For that reason, Client acknowledges that if for any reason NBA is unable to make the first collection from the Designated Account by the tentative First Collection Date specified in Section 3 of this Agreement, the actual

First Collection Date will be postponed until appropriate systems are in place.

All funds that are collected from the Designated Account pursuant to this Agreement - other than those which cover fees and charges

  • 9 LOAN PAYMENTS. All funds that are collected from the Designated Account pursuant to this Agreement -- other than those which cover fees and

charges that Client has agreed to pay under this Agreement -- will be used solely for the purpose of making payments on the Loan on Client’s behalf. FROM

that Client has agreed to pay under this Agreement - will be solely for the purpose of making payments on the Loan on Client's behalf. FROM THE FUNDS THAT NBA

THE FUNDS THAT NBA COLLECTS FROM THE DESIGNATED ACCOUNT, NBA SHALL REMIT A PAYMENT ON THE LOAN ONCE MONTHLY. NBA shall

COLLECTS FROM THE DESIGNATED ACCOUNT, NBA SHALL REMIT A PAYMENT ON THE LOAN ONCE MONTHLY. NBA shall continue to make such Loan

continue to make such Loan payments throughout the term of this Agreement until the Loan is paid in full. HOWEVER, IN NO EVENT SHALL NBA BE

payments throughout the term of this Agreement until the Loan is paid in full. HOWEVER, IN NO EVENT, SHALL NBA BE OBLIGATED TO MAKE ANY PAYMENT ON

OBLIGATED TO MAKE ANY PAYMENT ON THE LOAN AT ANY TIME IN WHICH THE AMOUNT OF “COLLECTED FUNDS,” WHICH IT HOLDS FROM

THE LOAN AT ANY TIME IN WHICH THE AMOUNT OF "COLLECTED FUNDS" WHICH IT HOLDS FROM FUNDS COLLECTED FROM THE DESIGNATED ACCOUNT,

FUNDS COLLECTED FROM THE DESIGNATED ACCOUNT, IS LESS THAN THE TOTAL MONTHLY LOAN PAYMENT REQUIRED ON THE LOAN. Except

IS LESS THAN THE TOTAL MONTHLY LOAN PAYMENT ON THE LOAN. Except as otherwise provided in the preceding sentence, all amounts that are collected from

as otherwise provided in the preceding sentence, all amounts that are collected from the Designated Account -- other than amounts which cover fees and

the Designated Account - other than amounts which cover fees and charges that Client has agreed to pay NBA under this agreement - will be paid to Client's bank/lender

charges that Client has agreed to pay NBA under this Agreement -- will be paid to Client’s bank/lender within thirty five (35) days after collection. If Client incurs

within thirty five (35) days after collection. If Client incurs a late charge on the Loan as a result of NBA's failure to perform as called for under this Agreement, NBA will pay

a late charge on the Loan as a result of NBA’s failure to perform as called for under this Agreement, NBA will pay (or reimburse Client for) the late charge and

(or reimburse Client for) the late charge and write a letter of explanation to Client's lender. Client funds may be invested at the discretion of NBA. Client will not be entitled

write a letter of explanation to Client’s lender. Client funds may be invested at the discretion of NBA. Client will not be entitled to receive, and NBA will have no

to receive, and NBA will have no obligation to pay to Client, any interest or earnings on the funds that are collected from the Designated Account and held prior to making

obligation to pay to Client, any interest or earnings on the funds that are collected from the Designated Account and held prior to making Loan payments on

Loan payments on Client's behalf.

Client’s behalf.

  • 10. CLIENT TO REPORT CHANGES IN REQUIRED LOAN PAYMENTS, DESIGNATED ACCOUNT, AND RELATED MATTERS. In order to enable NBA

to make, on Client’s behalf, the payments that are required on the Loan, Client must advise NBA in writing (or by another method approved by NBA) if, at any time (i) the amount that Client is required to pay on the Loan each month increases to an amount which exceeds the Total Monthl y Loan Payment specified in

Section 2 of this Agreement, or (ii) any of the other information contained in Section 2 of this Agreement becomes materially inaccurate. Upon receiving any such information from Client, NBA will proceed to implement appropriate changes. However, NBA CANNOT AND DOES NOT GUARANTY THAT THEY CAN IMPLEMENT ANY SUCH CHANGES ON LESS THAN 5 DAYS PRIOR WRITTEN NOTICE. If, as a result of any such Loan payment increases, Client wishes to have more collected from the Designated Account than is currently authorized under Section 3 of this Agreement, Client must authorize NBA to do so in writing; following its receipt of such written authorization, NBA will implement appropriate changes to begin collecting such larger amounts from the Designated Account. To enable NBA to perform services hereunder, Client also must advise NBA concerning any changes that occur with respect to the Designated Account and, to the extent required by law, provide NBA with appropriate written authorizations concerning future debits of the new Designated Account.

  • 11. COMMUNICATIONS WITH CLIENT’S BANK/LENDER. To facilitate NBA’s ability to perform services hereunder, Client hereby authorizes (i) NBA to

talk to Client’s bank/lender concerning any matters relating to the performance of such services and (ii) Client’s bank/lender to release and disclose to NBA any

information concerning the Loan that could reasonably be expected to facilitate NBA’s ability to perform its services under this Agreement.

  • 12. REVERSAL OR REVOCATION OF AUTHORIZED COLLECTIONS FROM DESIGNATED ACCOUNT. Client agrees that it will not at any time attempt

to reverse, revoke or otherwise cancel any electronic debit collection that NBA makes from the Designated Account in accordance with the authorization provided for in Section 3 or in other sections of this Agreement. In the event that Client at any time reverses, revokes or otherwise cancels any such electronic debit collection, Client shall be liable for, and agrees to pay NBA $200.00 for costs, expenses, and damages.

  • 13. SUBCONTRACTING/ASSIGNMENT.

NBA may subcontract the performance of its services hereunder to one or more third-party service providers,

provided that no such subcontracting arrangement shall relieve NBA from its performance obligations hereunder.

  • 14. TERMINATION. Client may terminate this Agreement and its participation in the Program at any time upon thirty (30) days prior written notice to NBA.

Upon termination by Client, NBA will (i) discontinue collections from the Designated Account and payments on the Loan and (ii) promptly refund to Client any funds which have previously been collected from the Designated Account under this Agreement -- other than those which cover fees and charges that Client has agreed to pay under this Agreement -- and not paid on the Loan. NBA may terminate this Agreement at any time for cause if Client fails to perform Client’s obligations under this Agreement, including without limitation, the obligation to maintain sufficient funds in the Designated Account to enable the collections called for under Section 3 of this Agreement.

  • 15. NOTICES. Any notices that are required to be delivered or are otherwise delivered hereunder shall be delivered (i) to Client at the mailing address

specified in Section 1 of this Agreement or to such other address as Client hereafter specifies by written notice to NBA, (ii) to NBA at 855 Lower Bellbrook Road,

Xenia, Ohio 45385 or to such other address as NBA hereafter specifies by written notice to Client. If funds are withdrawn from the Client’s account in error, Client is entitled to immediate reimbursement under U.S. Federal Reserve Regulation “E”. If Client believes a mistake has occurred, Client agrees to contact NBA’s Customer Service Department at (888) 234-1809, so that NBA may take the steps necessary to correct the situation in a timely manner.

  • 16. GOVERNING LAW. It is NBA’s company policy to always attempt to resolve any issues a Client may have internally. If for some reason, a client has

an issue that cannot be resolved by NBA, Client always has the option of contacting the State of Ohio Division of Financial Institutions 77 South High St., 21 st

Floor, Columbus, OH 43215. This Agreement shall be governed and construed in accordance with the local laws of the State of Ohio, without regard to conflict of laws principles.

© Copyright 2009 Nationwide Biweekly Administration, Inc.

form 11

Welcome!

Welcome and congratulations for choosing NBA’s bi-weekly interest savings payment option. Please keep this letter for future reference.

Your Bi-weekly Enrollment Number is:

10043602

Important Contact Information

If you have any questions, please contact our professional and courteous Customer Service Center at:

Customer Service Center 11am-7pm EST

Phone: 800-564-5693 Fax: 937-352-1371

You Can Reduce Your Debt and Save Even More!

With NBA’s industry leading Interest Minimizer program you can save even more money in unnecessary interest charges, cut years off your debt and dramatically build up equity.

Ask us how Interest Minimizer can save you tens of thousands of dollars on your Mortgages, Credit Cards, Auto Loans, Equity Lines of Credit, Student Loans and More!

888-824-2687 Press option 1

NOTICE OF CANCELLATION

YOU MAY CANCEL THIS TRANSACTION, WITHOUT ANY PENALTY OR OBLIGATION, WITHIN SEVEN BUSINESS DAYS AFTER THE DATE ON WHICH YOU SIGN THE NATIONWIDE BIWEEKLY INTEREST MINIMIZER PROGRAM AGREEMENT.

If you cancel, any property traded in, any payments made by you under the contract or sale, and any negotiable instrument executed by you will be returned within ten business days following receipt by the seller of your cancellation notice, and any security interest arising out of the transaction will be cancelled. If you cancel, you must make available to the seller at your residence, in substantially as good condition as when received, any goods delivered to you under this contract or sale; or you may if you wish, comply with the instructions of the seller regarding the return shipment of the goods at the seller’s expense and risk.

If you do make the goods available to the seller and the seller does not pick them up within twenty days of the date of your notice of cancellation, you may retain or dispose of the goods without any further obligation. If you fail to make the goods available to the seller, or if you agree to return the goods to the seller and fail to do so, then you remain liable for performance of all obligations under the contract.

To cancel this transaction, mail or deliver a signed and dated copy of this cancellation notice or any other written notice, or send a telegram, to Nationwide Biweekly Administration, Inc. at 855 Lower Bellbrook Road, Xenia, Ohio 45385 NOT LATER THAN MIDNIGHT OF THE SEVENTH BUSINESS DAY AFTER THE DATE ON WHICH YOU SIGNED THE NATIONWIDE BIWEEKLY ADMINISTRATION INTEREST MINIMIZER PROGRAM AGREEMENT.

I understand that by returning this form I am cancelling this transaction and my enrollment will not be processed.

Date

Buyer’s signature

Enrollment Number

Printed Name

NOTICE OF CANCELLATION

YOU MAY CANCEL THIS TRANSACTION, WITHOUT ANY PENALTY OR OBLIGATION, WITHIN SEVEN BUSINESS DAYS AFTER THE DATE ON WHICH YOU SIGN THE NATIONWIDE BIWEEKLY INTEREST MINIMIZER PROGRAM AGREEMENT.

If you cancel, any property traded in, any payments made by you under the contract or sale, and any negotiable instrument executed by you will be returned within ten business days following receipt by the seller of your cancellation notice, and any security interest arising out of the transaction will be cancelled. If you cancel, you must make available to the seller at your residence, in substantially as good condition as when received, any goods delivered to you under this contract or sale; or you may if you wish, comply with the instructions of the seller regarding the return shipment of the goods at the seller’s expense and risk.

If you do make the goods available to the seller and the seller does not pick them up within twenty days of the date of your notice of cancellation, you may retain or dispose of the goods without any further obligation. If you fail to make the goods available to the seller, or if you agree to return the goods to the seller and fail to do so, then you remain liable for performance of all obligations under the contract.

To cancel this transaction, mail or deliver a signed and dated copy of this cancellation notice or any other written notice, or send a telegram, to Nationwide Biweekly Administration, Inc. at 855 Lower Bellbrook Road, Xenia, Ohio 45385 NOT LATER THAN MIDNIGHT OF THE SEVENTH BUSINESS DAY AFTER THE DATE ON WHICH YOU SIGNED THE NATIONWIDE BIWEEKLY ADMINISTRATION INTEREST MINIMIZER PROGRAM AGREEMENT.

I understand that by returning this form I am cancelling this transaction and my enrollment will not be processed.

Date

Buyer’s signature

Enrollment Number

Printed Name

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