Fillable 2020-01 ODP-Complete-Business-Application-and-Disclosure ME

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2020-01 ODP-Complete-Business-Application-and-Disclosure ME

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BUSINESS COMPLETE OVERDRAFT PROTECTION LOAN APPLICATION
&
AGREEMENT
BUSINESS INFORMATION (Please complete all areas of this section)
Legal Name of Business Applicant(s)
Business Phone
( )
Federal Tax ID#
When two or more individuals are applying for joint credit, read the statement and initial in the
boxes to the right: We intend to apply for joint credit.
Applicant
Co-Applicant(s)
Company Address (No P.O. Boxes)
State
Zip
Mailing Address (if different)
State
Zip
Type of
Organization:
☐ Sole Proprietorship ☐ Partnership ☐ Limited Liability Company ☐ S. Corp. ☐ C. Corp. ☐ Non-Profit
Description of Business:
Email:
Existing Customer with Bangor Savings Bank?
Yes
☐
No
☐
Last Full Year-End (MM/YY)
Gross Annual Sales
$
Annual Net Income
$
Interest Expense
$
Depreciation Expense
$
Total Business Assets
$
Total Business Liabilities
$
Organized In Which State
Date Business Established
Date Business Purchased
Checking Account Balance
$
Bank Where Account is Held
Savings Account Balance
$
Bank Where Account is Held
No. of Employees
OUTSTANDING BUSINESS WITH ALL CREDITORS: (Complete below and/or use the attached Business Debt Schedule)
Lender Type of Loan Current Balance Monthly Payment
Loan Secured By
$
$
$
$
$
$
CREDIT REQUEST
Business Complete Overdraft Protection ($2,500 - $10,000)
$
Business Complete Checking Account Number to Attach ODP
DDA #
DECLARATIONS
Are you or is your business a party to, or threatened with any claim or lawsuit? Yes
☐
No
☐
Have you or has any business that you owned or operated ever declared bankruptcy? Yes
☐
No
☐
Do you or does your business owe any taxes for years prior to the current year? Yes
☐
No
☐
Has the business incurred a loss in any of the last 3 years? Yes
☐
No
☐
Is the business under any agreement that would change the ownership of the business? Yes ☐
No ☐
PERSONAL FINANCIAL INFORMATION – Company Owners 20% or More and Other Guarantors (Use Additional Sheets if Needed)
1
Name
Title
% of Business
Owned
Home Phone
( )
Social Security Number
Date of Birth
Physical Street Address (No P.O. Boxes)
City
State
Zip
U.S. Citizen
State:
Occupation:
Date Issued:
Expiration Date:
Employer
Years With Employer
Will You Continue With This Employment? Yes ☐ No ☐
Total Annual
Income*
$
Cash and
Investments
$
If Homeowner:
Market Value
$
Current Mortgage
Balance
$
Mortgage or Rent
Payment
$
Other Personal
Assets
$
Personal
Liabilities
$
2
Name
Title
% of Business
Owned
Home Phone
( )
Social Security Number
Date of Birth
Physical Street Address (No P.O. Boxes)
City
State
Zip
U.S. Citizen
State:
Occupation:
Date Issued:
Expiration Date:
Employer
Years With Employer
Will You Continue With This Employment? Yes ☐ No ☐
Total Annual
Income*
$
Cash and
Investments
$
If Homeowner:
Market Value
$
Current Mortgage
Balance
$
Mortgage or Rent
Payment
$
Other Personal
Assets
$
Personal
Liabilities
$
*Note: Alimony, child support, or separate maintenance income need not be revealed if you do not wish to have it considered as a basis for repaying this obligation.
2
Agreement and
Signatures
By signing below, each pr
incipal, owner, guarantor, or co-borrower that will be personally liable for the debt (“You” or “I”) hereby
authorizes Bangor Savings Bank (the “Bank”) to make or have made on each and any of them any credit, employment or investigative
inquiry that the Bank determines appropriate for the extension of credit or the collection of amounts owed to the Bank. The Bank
can furnish information concerning your account to consumer reporting agencies and others who may properl
y receive that information.
Upon
request, you will be informed whether or not a consumer report was requested, and if a report was requested, you will be informed
of the name and address of the consumer-reporting agency that furnished the report. You further certify that the credit being applied for
will be used for business purposes.
If you apply for and are appro
ved for an overdraft protection line of credit, you may be approved up to the maximum amount which is
available and for which you qualify. If the line of credit is approved, you will receive from the Bank a welcome letter and a credit
agreement which will set forth the terms and conditions governing the credit line. Your credit limit, finance charges, monthly
payment, and other terms pertaining to the credit line will be set forth in the credit agreement. The
se terms give the Bank certa
in
rights upon default, including a right of setoff against accounts you may hold with the Bank, the right impose late fees and interest rate
increases, the right to seek collection costs, and the right to terminate the credit line, this Agreement, and the credit agreement. You
should carefully review the terms of the credit agreement before making draws on the credit line.
By making a draw on the credit l
ine, you will be representing and agreeing that you have reviewed and will be bound by
the terms of this application and agreement, the credit agreement, the welcome letter and any other supplemental agreement
provided to you. You agree that no further signatures will be necessary to bind you to the credit agreement and/or any
supplemental agreement.
BY SIGNING THIS AGREEMENT, YOU HEREBY EXPRESSLY AND VOLUNTARILY WAIVE THE RIGHT TO ANY JURY
TRIAL IN ANY ACTION, PROCEEDING, OR COUNTERCLAIM INVOLVING THE BANK AS TO ANY MATTER,
CLAIM OR CAUSE OF ACTION ARISING OUT OF OR IN ANY WAY RELATED TO THIS AGREEMENT OR THE
CREDIT AGREEMENT.
IMPORTANT INFORMATION ABOUT PROCEDU
RES FOR OPENING A NEW ACCOUNT: To help the government fight
the funding of terrorism and money laundering activities, Federal law requires all financial institution to obtain, verify, and record
information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for
your name, address, date of birth, business documents, and other information that will allow us to identify you. We may also ask to
see your driver’s license or other
identifying documents. A
dditional regulatory disclosure is attached as the final page of this document.
I represent and warrant
that I am duly authorized to execute and enter into this application for the Applicant. Everything that I have
stated and all financial information provided as part of this application is correct to the best of my knowledge. By signing below, I
agree to be bound by this application and agreement, including, if requested and approved, all obligations hereunder, including the
obligation to agree to review and be bound by the terms of the credit agreement before making draws on a line
of credit.
COMPANY AND GUARANTOR SIGNATURES - (Please sign both places)
Company Authorized Signer
X
Title
Date
Guarantor #1
X
Company Authorized Signer
X
Title
Date
Guarantor #2
X
Guarantor #3
X
Guarantor #4
X
Guarantor #5
X
BANK USE ONLY
Officer #
Branch #
Lender Name (Print):
Date Application Received:
Lender’s Phone Extension:
BSB Form No. ODP4-1.2020
Business Name: Date:
Lender Type of Loan Current Balance
Monthly
Payment
Loan Secured By
Totals:
BUSINESS DEBT SCHEDULE
Please furnish the following information on all business-related installment debts, contracts, credit cards, notes and mortgages payable.
$ 0
$ 0
1
Rev 11.7.19
BUSINESS OVERDRAFT
CR
ED
I
T
LINE A
GR
EEM
EN
T
I
nt
r
odu
c
t
i
on
.
The
C
r
e
d
i
t
L
i
n
e
Agreement (
“
A
g
r
ee
m
e
n
t
”
)
governs B
o
rr
o
w
e
r
’
s
li
n
e
of
c
r
e
d
i
t (the
“
C
r
e
d
i
t
L
i
n
e
”
or the
“
C
r
e
d
i
t
L
i
n
e
A
cc
oun
t
”
)
i
ss
u
e
d
through Bangor Savings Bank.
Borrower agrees
to the following
terms and
c
ond
i
t
i
on
s
:
Promise
to
Pay.
Borrower promises to pay Bangor Savings Bank, or order, the t
o
t
a
l
of
a
ll
c
r
e
d
i
t
advances
and FINANCE
CHARGES,
together w
i
t
h
a
ll
costs
and expenses
for w
h
i
c
h
Borrow
i
s
r
e
s
pon
s
i
b
l
e
under this
Agreement.
Borrower will
p
a
y B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
L
i
n
e
a
cc
o
r
d
i
ng
to the
payment terms set
f
o
rt
h
b
e
l
o
w
.
If
there i
s
more than one Borrower, each i
s
jointly
a
nd
severally liable
on this
Agreement. This means Lender can require
any Borrower
to pay all
amounts due under th
i
s
Agreement, including credit advances
made
to any Borrower
. Each Borrower
a
utho
r
i
z
e
s
any other
Borrower,
on
h
i
s
or
h
e
r
s
i
gn
a
tu
r
e
alone,
to
ca
n
ce
l the Credit
Line, to
request and receive credit advances, and
to do all
other th
i
ng
s
necessary
to carry
out the terms
of
th
i
s
Agreement. Lender can
r
e
l
ea
s
e
any Borrower
from responsibility
under th
i
s
Agreement, and th
e others
will
remain r
e
s
pon
s
i
b
l
e
.
Term.
The term
of B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
L
i
n
e
will
b
e
g
i
n
as
of
the date of
t
h
i
s
Agreement (
“
Op
e
n
i
ng
D
a
t
e
”
) and will
c
on
t
i
nu
e
un
t
il
t
e
r
m
i
n
a
t
i
on
of B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
L
i
n
e
Account.
All
i
nd
e
b
t
e
dn
e
ss
under this
Agreement,
if
not
a
l
r
ea
d
y
p
a
i
d
pursuant
to the
p
a
y
m
e
n
t
p
r
o
v
i
s
i
on
s
b
e
l
o
w
,
will
be due and
p
a
y
a
b
l
e
upon termination
.
The draw
p
e
r
i
od
of B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
L
i
n
e
will
b
e
g
i
n
on a
date,
a
f
t
e
r
the
Op
e
n
i
ng
Date, when
the
Agreement
i
s
accepted
by Lender and you have met
a
ll
of
L
e
nd
e
r
’
s
c
ond
i
t
i
on
s
for
the
C
r
e
d
i
t
L
i
n
e
a
nd
will
c
on
t
i
nu
e
as
f
o
ll
o
w
s
: T
h
i
s
C
r
e
d
i
t
L
i
n
e
i
s
p
a
y
a
b
l
e
on
Demand.
If
no
Demand
i
s
made,
Borrower will
pay t
h
i
s
l
o
a
n
as
d
e
s
c
r
i
b
e
d b
e
l
o
w
.
Borrower may
ob
t
a
i
n
c
r
e
d
i
t
advances
du
r
i
ng
t
h
i
s
p
e
r
i
od
(
“
Dr
a
w
P
e
r
i
od
”
)
.
Minimum Payment. B
o
rr
o
w
e
r
’
s
“
R
e
gu
l
a
r
P
a
y
m
e
n
t
”
will
be
based
on a
percentage
of B
o
rr
o
w
e
r
’
s
ou
t
s
t
a
nd
i
ng
b
a
l
a
n
c
e
,
i
n
c
l
ud
i
ng p
r
i
n
c
i
p
a
l
and unpaid
i
n
t
e
r
e
s
t
,
as shown
b
e
l
o
w or
$50.00, wh
i
c
h
e
v
e
r
i
s
greater. B
o
rr
o
w
e
r
’
s
payments
will
be due
m
on
t
h
l
y
.
Range
of
B
a
l
a
n
ces
Regular Payment Calculation
All
B
a
l
a
n
ce
s
3.000
% of Borrower’s outstanding balance
B
o
rr
o
w
e
r
’
s
“
M
i
n
i
m
u
m
P
a
y
m
e
n
t
”
will
be the
R
e
gu
l
a
r
Payment,
p
l
u
s
any
amount past
due and all other
c
h
a
r
g
e
s
.
A
change
i
n
the INTEREST
RATE can cause
the
b
a
l
a
n
c
e
to be r
e
p
a
i
d
more quickly or more slowly
.
When rates
decrease,
l
e
ss
i
n
t
e
r
e
s
t
i
s
due
so
more
of
the
payment repays
the
p
r
i
n
c
i
p
a
l
b
a
l
a
n
c
e
.
When
rates
i
n
c
r
ea
s
e
,
more interest
i
s
due, so
l
e
ss
of
the
payment repays
the
p
r
i
n
c
i
p
a
l
b
a
l
a
n
c
e
.
If t
h
i
s
happens,
Lender may
a
d
j
u
s
t B
o
rr
o
w
e
r
’
s
payment as
f
o
ll
o
w
s
: B
o
rr
o
w
e
r
’
s
f
i
n
a
l
payment
may be
i
n
c
r
ea
s
e
d.
In
any
event,
if B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
L
i
n
e
b
a
l
a
n
c
e
f
a
ll
s
b
e
l
o
w
$50.00,
Borrower agrees
to pay B
o
rr
o
w
e
r
’
s
b
a
l
a
n
c
e
i
n
full. B
o
rr
o
w
e
r
agrees
to
pay not
l
e
ss
than the
M
i
n
i
m
u
m
Payment
on or
b
e
f
o
r
e
the due date indicated on B
o
rr
o
w
e
r
’
s
p
e
r
i
od
i
c
b
illi
ng
s
t
a
t
e
m
e
n
t
.
How
B
o
rr
o
w
e
r
’
s
Payments
Are
Applied. U
n
l
e
ss
o
t
h
e
rw
i
s
e
agreed
or r
e
qu
i
r
e
d
by
a
pp
li
c
a
b
l
e
l
a
w
,
payments
and other
c
r
e
d
i
t
s
w
ill
be
a
pp
li
e
d
to
accrued
F
i
n
a
n
c
e
Charges;
then to
b
ill
e
d
and unpaid
p
r
i
n
c
i
p
a
l
; then to Late
Charges;
then to
Escrow;
then to
O
t
h
e
r
Ch
a
r
g
e
s
.
Receipt
of
Payments.
All
payments must
be
made
i
n
U.S.
do
ll
a
r
s
and
must
be r
e
c
e
i
v
e
d
by Lender consistent w
i
t
h
any
p
a
y
m
e
n
t
i
n
s
tr
u
c
t
i
on
s
p
r
o
v
i
d
e
d
on or w
i
t
h
B
o
rr
o
w
e
r
’
s
p
e
r
i
od
i
c
b
illi
ng
statement.
If
a
payment
i
s
made
c
on
s
i
s
t
e
n
t w
i
t
h
L
e
nd
e
r
’
s
p
a
y
m
e
n
t
i
n
s
tr
u
c
t
i
on
s
but r
e
c
e
i
v
e
d
a
f
t
e
r 2:00 PM EST
weekdays
on a
bu
s
i
n
e
ss
day, Lender will
a
pp
l
y B
o
rr
o
w
e
r
’
s
payment
to B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
L
i
n
e
on the
next
bu
s
i
n
e
ss
d
a
y
.
Credit
Limit. T
h
i
s
Agreement covers
a r
e
v
o
l
v
i
ng
li
n
e
of
c
r
e
d
i
t
for
the
p
r
i
n
c
i
p
a
l
amount, as
d
e
t
a
il
e
d
i
n
your w
e
l
c
o
m
e
l
e
tt
e
r
,
w
h
i
c
h
w
ill
be
B
o
rr
o
w
e
r
’
s
“
C
r
e
d
i
t
L
i
m
i
t
”
under this
Agreement.
Borrower may borrow
a
g
a
i
n
s
t the
C
r
e
d
i
t
L
i
n
e
,
repay any
po
rt
i
on
of
the
a
m
oun
t
borrowed,
and re-borrow up to the
amount
of
the
C
r
e
d
i
t
Limit. B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
Limit
i
s
the
m
a
x
i
m
u
m
amount
Borrower may
h
a
v
e
ou
t
s
t
a
nd
i
ng
at
any one time
.
Borrower agrees
not to
attempt, request,
or
ob
t
a
i
n
a
c
r
e
d
i
t
advance
that
will
make Borrower’s
C
r
e
d
i
t
L
i
n
e
Account balance
exceed B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
Limit. B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
Limit will
not be
i
n
c
r
ea
s
e
d
s
hou
l
d
Borrower overdraw B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
L
i
n
e
Account.
If
Borrower exceeds
B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
Limit,
Borrower agrees
to repay immediately the
amount b
y w
h
i
c
h
B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
L
i
n
e
Account
exceeds
B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
Limit,
even if
Lender has
not yet
b
ill
e
d
B
o
rr
o
w
e
r
.
Charges
to
B
o
rr
o
w
e
r
’
s
Credit
Line. Lender may
charge B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
L
i
n
e
to pay other
f
ee
s
and
costs
that Borrower is
ob
li
g
a
t
e
d
to pay under this
Agreement
or any other document
r
e
l
a
t
e
d
to B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
L
i
n
e
.
Any
amount so charged t
o
B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
L
i
n
e
will
be a
c
r
e
d
i
t
advance
and
will
decrease
the
f
und
s
a
v
a
il
a
b
l
e
,
if
any, under the
C
r
e
d
i
t
L
i
n
e
.
However,
L
e
nd
e
r
has
no
ob
li
g
a
t
i
on
to
p
r
o
v
i
d
e
any
of
the
c
r
e
d
i
t
advances r
e
f
e
rr
e
d
to
i
n
t
h
i
s
p
a
r
a
g
r
a
ph.
Effective Disbursement Date.
The
words
“
E
ff
e
c
t
i
v
e
D
i
s
bu
r
s
e
m
e
n
t D
a
t
e
”
as used
i
n
t
h
i
s
Agreement mean
a
date,
a
f
t
e
r t
h
e
Op
e
n
i
ng
Date, when the
Agreement
i
s
accepted
by Lender in the
State
of
M
a
i
n
e
and Borrower has
met
a
ll
of
L
e
nd
e
r
’
s
c
ond
i
t
i
on
s
f
o
r the
C
r
e
d
i
t
L
i
n
e
.
Borrower agrees
and understands
that Borrower may not r
e
c
e
i
v
e
any
c
r
e
d
i
t
advance
under Borrower’s
C
r
e
d
i
t
L
i
n
e
un
t
il
a
f
t
e
r the
E
ff
e
c
t
i
v
e
D
i
s
bu
r
s
e
m
e
n
t Date of
t
h
i
s
Agreement.
Credit Advances.
A
f
t
e
r the
E
ff
e
c
t
i
v
e
D
i
s
bu
r
s
e
m
e
n
t Date of
t
h
i
s
Agreement,
Borrower may
ob
t
a
i
n
c
r
e
d
i
t
advances
und
e
r B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
L
i
n
e
as
f
o
ll
o
w
s
:
2
Rev 11.7.19
Overdrafts. Wr
i
t
i
ng
a check on B
o
rr
o
w
e
r
’
s
d
e
s
i
gn
a
t
e
d
c
h
e
c
k
i
ng
account w
i
t
h
Lender in
excess
of
the
a
v
a
il
a
b
l
e
c
o
ll
e
c
t
e
d
b
a
l
a
n
c
e
i
n
the
a
cc
oun
t
.
If
there
i
s
more than one
person
a
u
t
ho
r
i
z
e
d
to
use t
h
i
s
C
r
e
d
i
t
L
i
n
e
Account, Borrower
agrees
not to
g
i
v
e
Lender
c
on
f
li
c
t
i
ng
i
n
s
tr
u
c
t
i
on
s
,
such as
one Borrower t
e
lli
ng
Lender not to
g
i
v
e
advances
to the
o
t
h
e
r
.
Transaction Requirements.
The
f
o
ll
o
w
i
ng
tr
a
n
s
a
c
t
i
on
li
m
i
t
a
t
i
on
s
will
a
pp
l
y to the
use
of B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
L
i
n
e
:
Overdraft Limitations.
There are no tr
a
n
s
a
c
t
i
on
li
m
i
t
a
t
i
on
s
for wr
i
t
i
ng
a check in
excess
of B
o
rr
o
w
e
r
’
s
c
h
e
c
k
i
ng
a
cc
oun
t
b
a
l
a
n
c
e
.
Limitation
on All A
cce
ss
Devices.
You may not
use
any
access
d
e
v
i
c
e
,
whether d
e
s
c
r
i
b
e
d
above
or
added
i
n
the
f
u
t
u
r
e
,
for
a
n
y
ill
e
g
a
l
or
un
l
a
w
f
u
l
tr
a
n
s
a
c
t
i
on,
and we may
d
e
c
li
n
e
to
a
u
t
ho
r
i
z
e
any tr
a
n
s
a
c
t
i
on
that we
b
e
li
e
v
e
poses
an
undue r
i
s
k
of
ill
e
g
a
li
ty
o
r
un
l
a
w
f
u
l
n
e
ss
.
N
o
tw
i
t
h
s
t
a
nd
i
ng
the
f
o
r
e
go
i
ng,
we may
c
o
ll
e
c
t on any debt arising out
of
any
ill
e
g
a
l
or
un
l
a
w
f
u
l
tr
a
n
s
a
c
t
i
on.
Future Credit
Line
Services. B
o
rr
o
w
e
r
’
s
a
pp
li
c
a
t
i
on
for t
h
i
s
C
r
e
d
i
t
L
i
n
e
a
l
s
o
serves as
a
request
to r
e
c
e
i
v
e
any new
s
e
rv
i
c
e
s
(
s
u
c
h
as
access
d
e
v
i
c
e
s
) w
h
i
c
h
may be
a
v
a
il
a
b
l
e
at
some
f
u
t
u
r
e
t
i
m
e
as
one of
L
e
nd
e
r
’
s
s
e
rv
i
c
e
s
i
n
c
onn
e
c
t
i
on
w
i
t
h
t
h
i
s
C
r
e
d
i
t
L
i
n
e
.
Borrower
understands
that t
h
i
s
request
i
s
v
o
l
un
t
a
ry and that Borrower may r
e
f
u
s
e
any
of
these
new
s
e
rv
i
c
e
s
at the t
i
m
e
they
a
r
e
o
ff
e
r
e
d.
Borrower
further
understands
that the
terms
and
c
ond
i
t
i
on
s
of t
h
i
s
Agreement, together w
i
t
h
any
s
p
e
c
i
f
i
c
terms c
o
v
e
r
i
ng
t
h
e
new
s
e
rv
i
c
e
,
will
govern
any tr
a
n
s
a
c
t
i
on
s
made pursuant
to any
of
these
new
s
e
rv
i
c
e
s
.
Right
of
Setoff.
To the extent permitted by
a
pp
li
c
a
b
l
e
l
a
w
,
Lender reserves
a r
i
gh
t
of
s
e
t
o
ff
i
n
a
ll
B
o
rr
o
w
e
r
’
s
accounts w
i
t
h
L
e
nd
e
r
(whether
c
h
e
c
k
i
ng,
s
a
v
i
ng
s
,
or
some
other account
),
i
n
c
l
ud
i
ng
w
i
t
hou
t
li
m
i
t
a
t
i
on,
a
ll
accounts
Borrower may open in the
f
u
t
u
r
e
.
However,
t
h
i
s
does
not
i
n
c
l
ud
e
any
IRA
or Keogh
accounts,
or any
trust accounts
for w
h
i
c
h
s
e
t
o
ff
w
ou
l
d
be
p
r
oh
i
b
i
t
e
d
by
l
a
w
.
Borrower authorizes
L
e
nd
e
r
,
to the extent permitted by
a
pp
li
c
a
b
l
e
l
a
w
,
to
charge
or
s
e
t
o
ff
a
ll
sums
o
w
i
ng
on t
h
i
s
Agreement
a
g
a
i
n
s
t any and all
such
a
cc
oun
t
s
.
When
F
I
NAN
CE
CHARGES Begin
to
Accrue.
P
e
r
i
od
i
c
F
I
NAN
CE
CHARGES
for
c
r
e
d
i
t
advances
under Borrower’s
C
r
e
d
i
t
L
i
n
e
will
b
e
g
i
n
to
accrue
on the date credit
advances
are posted
to B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
L
i
n
e
.
There is no
“
f
r
ee
r
i
d
e
p
e
r
i
od
”
w
h
i
c
h
w
ou
l
d
a
ll
o
w Borrower
to
a
v
o
i
d
a
F
I
NAN
CE
CHARGE on B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
L
i
n
e
c
r
e
d
i
t
a
d
v
a
n
c
e
s
.
The
Interest
Rate on B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
L
i
n
e
is
s
ub
j
e
c
t to
change
f
r
o
m
t
i
m
e
to t
i
m
e
based
on
changes
i
n
an
i
nd
e
p
e
nd
e
n
t
Index
w
h
i
c
h
i
s
the
h
i
gh
e
s
t
do
m
e
s
t
i
c
P
r
i
m
e
Rate published
i
n
the
“
M
on
e
y
R
a
t
e
s
”
s
e
c
t
i
on
of
the W
a
ll
Street
J
ou
r
n
a
l
(the
“
I
nd
e
x
”
)
.
T
h
e
I
nd
e
x
i
s
not
n
e
c
e
ss
a
r
il
y the
l
o
w
e
s
t rate
charged
by Lender on
L
e
nd
e
r
’
s
l
o
a
n
s
.
If
the
I
nd
e
x
becomes
un
a
v
a
il
a
b
l
e
du
r
i
ng
the term
o
f
t
h
i
s
C
r
e
d
i
t
L
i
n
e
Account, Lender may
d
e
s
i
gn
a
t
e
a
s
ub
s
t
i
t
u
t
e
i
nd
e
x
a
f
t
e
r
no
t
i
c
e
to Borrower. The INTEREST
RATE
on
B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
L
i
n
e
i
s
based
upon the
I
nd
e
x and the
m
a
r
g
i
n
d
e
s
c
r
i
b
e
d
b
e
l
o
w (
“
M
a
r
g
i
n
”
)
.
The
INTEREST
RATE on B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
L
i
n
e
will
i
n
c
r
ea
s
e
or
decrease
a
s
the
I
nd
e
x
i
n
c
r
ea
s
e
s
or
decreases
f
r
o
m
t
i
m
e
to t
i
m
e
.
Lender will
d
e
t
e
r
m
i
n
e
the
INTEREST
Rate
as
f
o
ll
o
w
s
: Lender starts
w
i
t
h
the current Index and then adds
a
c
e
rt
a
i
n
M
a
r
g
i
n
as
d
i
s
c
l
o
s
e
d
b
e
l
o
w
.
In
no event will
the
INTEREST
Rate
e
x
c
ee
d
the
m
a
x
i
m
u
m
rate allowed by
l
a
w
.
A
d
j
u
s
t
m
e
n
t
s
to the
INTEREST
Rate r
e
s
u
l
t
i
ng
f
r
o
m
changes
i
n
the
I
nd
e
x
will
take effect
d
a
il
y
.
The
maximum amount
by
which
the INTEREST
R
AT
E
may
i
n
c
r
ea
s
e
at any one t
i
m
e
i
s
un
li
m
i
t
e
d,
s
ub
j
e
c
t to the
m
a
x
i
m
u
m
rate allowable by
l
a
w or any
c
e
ili
ng
rate as
i
nd
i
c
a
t
e
d
a
bo
v
e
.
Today the
I
nd
e
x
i
s
4.75%
per
annum,
and t
h
e
r
e
f
o
r
e
the
i
n
i
t
i
a
l
INTEREST
RATE on B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
L
i
n
e
are as
stated
b
e
l
o
w:
Current Rates
for the First
Payment
St
r
ea
m
Range
of
B
a
l
a
n
ce or Conditions
Margin Added to Index
INTEREST
RATE
All
B
a
l
a
n
ce
s
5.000
%
9.75
%
Notwithstanding
any other
provision
of
th
i
s
Agreement, Lender
will not charge
int
e
r
e
s
t
on any undisbursed
loan p
r
o
cee
d
s
.
Conditions Under Which Other Charges
May Be
I
m
po
s
e
d
.
Borrower agrees
to pay
a
ll
the other
f
ee
s
and
charges r
e
l
a
t
e
d
t
o
B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
L
i
n
e
as set
f
o
rt
h
b
e
l
o
w:
Late Charge
.
In
a
dd
i
t
i
on
to
L
e
nd
e
r
’
s
r
i
gh
t
s
upon
d
e
f
a
u
l
t
,
B
o
rr
o
w
e
r
’
s
payment
will
be
l
a
t
e
if it
i
s
not r
e
c
e
i
v
e
d
by
L
e
nd
e
r w
i
t
h
i
n
10
days after
the “
Payment
Due Date
” shown
on
B
o
rr
o
w
e
r
’
s
periodic statement.
If B
o
rr
o
w
e
r
’
s
payment
i
s
l
a
t
e
Lender may
charge
Borrower 5.000
%
of
the
p
a
y
m
e
n
t
.
Right
to
Credit Advances.
A
f
t
e
r the
E
ff
e
c
t
i
v
e
D
i
s
bu
r
s
e
m
e
n
t Date, Lender will
honor Borrower’s
requests
for
c
r
e
d
i
t
advances
up t
o
B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
Limit
so
l
ong
as:
(A) Borrower is not
i
n
d
e
f
a
u
l
t under the
terms
of t
h
i
s
Agreement;
(B) t
h
i
s
Agreement has no
t
b
ee
n
t
e
r
m
i
n
a
t
e
d
or
suspended;
and (C) B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
L
i
n
e
has
not
been
c
a
n
c
e
ll
e
d
as
p
r
o
v
i
d
e
d
above
i
n
the
s
e
c
t
i
on
of t
h
i
s
Agreement t
i
t
l
e
d
“
T
e
r
m
.
”
Default.
Lender may
d
e
c
l
a
r
e
Borrower to be
i
n
d
e
f
a
u
l
t
if
any one or more
of
the
f
o
ll
o
w
i
ng
events
occur: (A) Borrower
f
a
il
s
to pay
a
M
i
n
i
m
u
m
Payment
when due; (B) Borrower
d
i
e
s
; (C) Borrower
makes
any
f
a
l
s
e
or
m
i
s
l
ea
d
i
ng
statements
on B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
L
i
n
e
a
pp
li
c
a
t
i
on
; (D) Borrower v
i
o
l
a
t
e
s
any
p
r
o
v
i
s
i
on
of t
h
i
s
Agreement
or any other
agreement w
i
t
h
Lender; (E) any
g
a
r
n
i
s
h
m
e
n
t
,
attachment,
or
e
x
e
c
u
t
i
on
i
s
i
ss
u
e
d
a
g
a
i
n
s
t any
m
a
t
e
r
i
a
l
a
ss
e
t owned by Borrower; (F) Borrower
exceeds B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
Limit; (
G
) Borrower
f
il
e
s
for
bankruptcy
or other
i
n
s
o
l
v
e
n
c
y r
e
li
e
f
,
or an
i
n
v
o
l
un
t
a
ry
p
e
t
i
t
i
on
under the
p
r
o
v
i
s
i
on
s
of
the
Bankruptcy
Code
i
s
f
il
e
d
a
g
a
i
n
s
t Borrower;
(H) Lender
i
n
good
f
a
i
t
h
b
e
li
e
v
e
s
i
t
s
e
l
f
i
n
s
e
c
u
r
e
.
3
Rev 11.7.19
L
e
nd
e
r
’
s
Rights.
If
Borrower is
i
n
d
e
f
a
u
l
t
,
Lender may t
e
r
m
i
n
a
t
e
or
suspend B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
L
i
n
e
Account without
p
r
i
o
r
no
t
i
c
e
.
However,
Lender will
no
t
i
f
y Borrower in wr
i
t
i
ng
of
L
e
nd
e
r
’
s
a
c
t
i
on
as soon as
p
r
a
c
t
i
c
a
b
l
e
.
Su
s
p
e
n
s
i
on
.
If
Lender suspends
B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
L
i
n
e
,
Borrower will
l
o
s
e
the r
i
gh
t to
ob
t
a
i
n
f
u
rt
h
e
r
c
r
e
d
i
t
a
d
v
a
n
c
e
s
.
However,
a
ll
other
terms
of t
h
i
s
Agreement
will r
e
m
a
i
n
i
n
e
ff
e
c
t and be
b
i
nd
i
ng
upon Borrower,
i
n
c
l
ud
i
ng
B
o
rr
o
w
e
r
’
s
li
a
b
ili
ty
for
any
f
u
rt
h
e
r
un
a
u
t
ho
r
i
z
e
d
use
of
any
C
r
e
d
i
t
L
i
n
e
access
d
e
v
i
c
e
s
.
Termination.
If
Lender terminates B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
L
i
n
e
,
B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
L
i
n
e
will
be
suspended
and the
e
n
t
i
r
e
unp
a
i
d
b
a
l
a
n
c
e
of B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
L
i
n
e
Account
will
be
i
mm
e
d
i
a
t
e
l
y due and payable
,
w
i
t
hou
t
p
r
i
o
r
no
t
i
c
e
except as
may
b
e
r
e
qu
i
r
e
d
by
l
a
w
,
and Borrower agrees
to pay that
amount p
l
u
s
a
ll
F
I
NAN
CE
CHARGES
and other amounts
due under this
Agreement.
Collection Costs.
Lender may
h
i
r
e
or pay
someone
e
l
s
e
to
h
e
l
p
c
o
ll
e
c
t t
h
i
s
Agreement
if
Borrower does
not
p
a
y
.
Borrower will
pay Lender that
amount. Th
i
s
i
n
c
l
ud
e
s
,
s
ub
j
e
c
t to any
li
m
i
t
s
under
a
pp
li
c
a
b
l
e
l
a
w
,
L
e
nd
e
r
’
s
a
tt
o
r
n
e
y
s
’
f
ee
s
and
L
e
nd
e
r
’
s
l
e
g
a
l
expenses, whether
or not there
i
s
a
l
a
w
s
u
i
t
,
i
n
c
l
ud
i
ng
a
tt
o
r
n
e
y
s
’
f
ee
s
and
l
e
g
a
l
expenses
f
o
r
bankruptcy p
r
o
c
ee
d
i
ng
s
(
i
n
c
l
ud
i
ng
e
ff
o
rt
s
to
m
od
i
f
y or
vacate
any
a
u
t
o
m
a
t
i
c
stay
or
i
n
j
un
c
t
i
on
)
,
and
a
pp
ea
l
s
.
If
no
t
p
r
oh
i
b
i
t
e
d
by
a
pp
li
c
a
b
l
e
l
a
w
,
Borrower also
will
pay any court
costs,
i
n
a
dd
i
t
i
on
to
a
ll
other
sums
p
r
o
v
i
d
e
d
by
l
a
w
.
Rate
I
n
c
r
ea
s
e
.
In
a
dd
i
t
i
on
to
L
e
nd
e
r
’
s
other r
i
gh
t
s
on
d
e
f
a
u
l
t
,
Lender may
i
n
c
r
ea
s
e
the v
a
r
i
a
b
l
e
i
n
t
e
r
e
s
t rate under t
h
i
s
Agreement
to 4.000
percentage
po
i
n
t
s
over the then
a
pp
li
c
a
b
l
e
INTEREST
RATE. The
i
n
t
e
r
e
s
t rate will
not
exceed
the
m
a
x
i
m
u
m
rate permitted by
a
pp
li
c
a
b
l
e
l
a
w
.
If
Lender does
not
i
n
c
r
ea
s
e
the
i
n
t
e
r
e
s
t rate on
d
e
f
a
u
l
t
,
it w
ill
c
on
t
i
nu
e
at the v
a
r
i
a
b
l
e
rate
i
n
e
ff
e
c
t
as
of
the date Lender declares a
d
e
f
a
u
l
t
.
Delay in
Enforcement.
Lender may
d
e
l
a
y or w
a
i
v
e
the
e
n
f
o
r
c
e
m
e
n
t
of
any
of
L
e
nd
e
r
’
s
r
i
gh
t
s
under this
Agreement w
i
t
hou
t
l
o
s
i
ng
that
r
i
gh
t or any other right
.
If
Lender delays or w
a
i
v
e
s
any
of
L
e
nd
e
r
’
s
r
i
gh
t
s
,
Lender may
e
n
f
o
r
c
e
that r
i
gh
t at any t
i
m
e
i
n
the
f
u
t
u
r
e
w
i
t
hou
t
advance
no
t
i
c
e
.
For
e
x
a
m
p
l
e
,
not t
e
r
m
i
n
a
t
i
ng
B
o
rr
o
w
e
r
’
s
account
for
non-payment
will
not be a w
a
i
v
e
r
of
L
e
nd
e
r
’
s
r
i
gh
t t
o
t
e
r
m
i
n
a
t
e
B
o
rr
o
w
e
r
’
s
account
i
n
the
f
u
t
u
r
e
if
Borrower has
not
p
a
i
d.
Termination
by
Borrower.
If
Borrower terminates t
h
i
s
Agreement,
Borrower must
no
t
i
f
y Lender in wr
i
t
i
ng
at the
address shown
on
B
o
rr
o
w
e
r
’
s
p
e
r
i
od
i
c
b
illi
ng
statement
or other
d
e
s
i
gn
a
t
e
d
address. D
e
s
p
i
t
e
t
e
r
m
i
n
a
t
i
on,
B
o
rr
o
w
e
r
’
s
ob
li
g
a
t
i
on
s
under this
A
g
r
ee
m
e
n
t
will
r
e
m
a
i
n
i
n
full
f
o
r
c
e
and effect
un
t
il
Borrower has
p
a
i
d
Lender all
amounts
due under this
Agreement.
Prepayment.
Borrower may
prepay
a
ll
or any
amount o
w
i
ng
under this
C
r
e
d
i
t
L
i
n
e
at any t
i
m
e
w
i
t
hou
t
p
e
n
a
l
ty
,
except
Lender will
b
e
e
n
t
i
t
l
e
d
to r
e
c
e
i
v
e
a
ll
accrued
F
I
NAN
CE
CHARGES,
and other
charges,
if
any.
Payments
i
n
excess
of B
o
rr
o
w
e
r
’
s
M
i
n
i
m
u
m
Payment
will
not r
e
li
e
v
e
Borrower of
B
o
rr
o
w
e
r
’
s
ob
li
g
a
t
i
on
to
c
on
t
i
nu
e
to make Borrower’s
M
i
n
i
m
u
m
Payments.
I
n
s
t
ea
d,
they w
ill
reduce
the
p
r
i
n
c
i
p
a
l
b
a
l
a
n
c
e
owed on the
C
r
e
d
i
t
L
i
n
e
.
Borrower agrees
not to
send
Lender payments
marked
“
p
a
i
d
i
n
full”,
“
w
i
t
hou
t r
e
c
ou
r
s
e
”
,
or
s
i
m
il
a
r
l
a
ngu
a
g
e
.
If
Borrower sends
such
a
payment,
Lender may
accept
it w
i
t
hou
t
l
o
s
i
ng
any
of
L
e
nd
e
r
’
s
r
i
gh
t
s
und
e
r t
h
i
s
Agreement,
and Borrower
will
r
e
m
a
i
n
ob
li
g
a
t
e
d
to pay any
f
u
rt
h
e
r
amount
owed to
L
e
nd
e
r
.
All wr
i
tt
e
n
c
o
mm
un
i
c
a
t
i
on
s
c
on
c
e
r
n
i
ng
d
i
s
pu
t
e
d
amounts,
i
n
c
l
ud
i
ng
any
check or other payment
i
n
s
tr
u
m
e
n
t that
i
nd
i
c
a
t
e
s
that the
payment
c
on
s
t
i
t
u
t
e
s
“
p
a
y
m
e
n
t
i
n
f
u
ll
”
of
the
amount
owed or that
i
s
tendered w
i
t
h
other conditions or
li
m
i
t
a
t
i
on
s
or
as
full
s
a
t
i
s
f
a
c
t
i
on
of
a
d
i
s
pu
t
e
d
a
m
oun
t
must
be
m
a
il
e
d
or
d
e
li
v
e
r
e
d
to: Bangor Savings Bank,
Payment
P
r
o
c
e
ss
i
ng,
Attn: Loan
S
e
rv
i
c
e
s
S
up
e
rv
i
s
o
r
,
P.O. Box
930, Bangor,
ME.
04402
-
0930.
Notices.
All
no
t
i
c
e
s
will
be
sent
to B
o
rr
o
w
e
r
’
s
address as shown
i
n
B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
L
i
n
e
a
pp
li
c
a
t
i
on.
N
o
t
i
c
e
s
will
be
m
a
il
e
d
t
o
Borrower
at a
d
i
ff
e
r
e
n
t
address
if
Borrower gives Lender written
no
t
i
c
e
of
a
d
i
ff
e
r
e
n
t
address.
Borrower agrees
to
a
d
v
i
s
e
L
e
nd
e
r
p
r
o
m
p
t
l
y
if
Borrower
changes
B
o
rr
o
w
e
r
’
s
m
a
ili
ng
a
dd
r
e
ss
.
Credit
I
n
f
o
r
m
a
t
i
on
and Related
M
a
tt
e
r
s
.
Borrower authorizes Lender to r
e
l
ea
s
e
i
n
f
o
r
m
a
t
i
on
about Borrower to t
h
i
r
d
p
a
rt
i
e
s
a
s
d
e
s
c
r
i
b
e
d
i
n
L
e
nd
e
r
’
s
p
r
i
v
a
c
y
po
li
c
y and Lender’s
F
a
i
r
C
r
e
d
i
t
R
e
po
rt
i
ng
Act
no
t
i
c
e
,
p
r
o
v
i
d
e
d
Borrower did not opt out
of t
h
e a
pp
li
c
a
b
l
e
po
li
c
y
,
or
as
p
e
r
m
i
tt
e
d
by
l
a
w
.
Borrower agrees
that, upon Lender’s
request,
Borrower will
p
r
o
v
i
d
e
Lender with a
c
u
rr
e
n
t
f
i
n
a
n
c
i
a
l
statement,
a new
c
r
e
d
i
t
a
pp
li
c
a
t
i
on,
or both, on
f
o
r
m
s
p
r
o
v
i
d
e
d
by
L
e
nd
e
r
.
Borrower also
agrees
Lender may
ob
t
a
i
n
c
r
e
d
i
t
reports
on Borrower at any t
i
m
e
,
at
L
e
nd
e
r
’
s
s
o
l
e
op
t
i
on
and expense
,
for
any
reason,
i
n
c
l
ud
i
ng
but not
li
m
i
t
e
d
to
d
e
t
e
r
m
i
n
i
ng whether
there has
been
an
adverse change
i
n
B
o
rr
o
w
e
r
’
s
f
i
n
a
n
c
i
a
l
c
ond
i
t
i
on.
Based
upon a
m
a
t
e
r
i
a
l
adverse change
i
n
B
o
rr
o
w
e
r
’
s
f
i
n
a
n
c
i
a
l
c
ond
i
t
i
on
(such as t
e
r
m
i
n
a
t
i
on
of
e
m
p
l
o
y
m
e
n
t or
l
o
ss
of
i
n
c
o
m
e
)
,
Lender may
suspend B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
L
i
n
e
.
Transfer
or
Assignment. W
i
t
hou
t
p
r
i
o
r
no
t
i
c
e
or
a
pp
r
o
v
a
l
f
r
o
m
Borrower, Lender reserves
the r
i
gh
t to
s
e
ll
or tr
a
n
s
f
e
r B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
L
i
n
e
Account and Lender’s r
i
gh
t
s
and
ob
li
g
a
t
i
on
s
under this
Agreement
to
another
l
e
nd
e
r
,
e
n
t
i
ty
,
or
person. B
o
rr
o
w
e
r
’
s
r
i
gh
t
s
under this
Agreement b
e
l
ong
to Borrower only and may not be tr
a
n
s
f
e
rr
e
d
or
a
ss
i
gn
e
d.
B
o
rr
o
w
e
r
’
s
ob
li
g
a
t
i
on
s
,
however,
a
r
e
b
i
nd
i
ng
on B
o
rr
o
w
e
r
’
s
h
e
i
r
s
and legal r
e
p
r
e
s
e
n
t
a
t
i
v
e
s
.
Upon any
such
s
a
l
e
or tr
a
n
s
f
e
r
,
l
e
nd
e
r
will
have no
f
u
rt
h
e
r
ob
li
g
a
t
i
on
t
o p
r
o
v
i
d
e
Borrower with
c
r
e
d
i
t
advances
or to
p
e
r
f
o
r
m
any other obligation under this
A
g
r
ee
m
e
n
t
.
Waive Jury
. Borrower hereby
e
x
p
r
e
ss
l
y
and voluntarily waives
any
and
all
r
i
ght
s
,
whether arising under
the
M
a
i
n
e
constitution,
and
any
Rules
of Civil
Procedure, common
law or
otherwise,
to
demand
a trial by jury in any
action,
s
u
i
t
,
p
r
o
cee
d
i
ng
or
counterclaim involving Lender as
to any
matter, claim
or
cause
of
action whatsoever arising
out of or in
a
n
y
way
related
to any
agreement
or
loan
with
Lender
or any of the
t
r
a
n
s
ac
t
i
on
s
contemplated between
the
p
a
r
t
i
e
s
.
Unconditional Guaranty.
For v
a
l
u
a
b
l
e
c
on
s
i
d
e
r
a
t
i
on
and
i
n
order to
i
ndu
c
e
the Lender to make a
l
o
a
n
to the Borrower, the
Guarantor
a
b
s
o
l
u
t
e
l
y and unconditionally
guarantees
to the Lender the
pun
c
t
u
a
l
payment
of
the
C
r
e
d
i
t
Agreement,
the
S
e
c
u
r
i
ty
Agreement,
or any
other
agreement
g
i
v
e
n
as s
e
c
u
r
i
ty
,
i
n
c
l
ud
i
ng,
but not
li
m
i
t
e
d
to,
p
r
i
n
c
i
p
a
l
,
i
n
t
e
r
e
s
t
,
l
a
t
e
charges,
f
u
t
u
r
e
a
d
v
a
n
c
e
s
,
costs
of
c
o
ll
e
c
t
i
on,
and
costs
of
p
r
e
s
e
rv
i
ng
s
e
c
u
r
i
ty
,
i
n
accordance w
i
t
h
the
terms t
h
e
r
e
o
f
.
Additional Event
of
Default.
In
a
dd
i
t
i
on
to the
events
li
s
t
e
d
i
n
the
paragraph
e
n
t
i
t
l
e
d
“
D
e
f
a
u
l
t
”
,
Lender may
d
e
c
l
a
r
e
Borrower to
b
e
i
n
d
e
f
a
u
l
t
if
Borrower ceases
or
suspends tr
a
n
s
a
c
t
i
on
of
bu
s
i
n
e
ss
.
4
Rev 11.7.19
Payable
on Demand
.
Borrower will
pay t
h
i
s
l
o
a
n
i
n
full
i
mm
e
d
i
a
t
e
l
y upon Lender’s
demand.
If
no
demand
i
s
made,
Borrower will
pay t
h
i
s
l
o
a
n
as
d
e
s
c
r
i
b
e
d
i
n
the
m
i
n
i
m
u
m
payment
s
e
c
t
i
on.
Governing
Law.
This Agreement
will be governed
by
federal
law
applicable
to
Lender and,
to the extent
not preempted
b
y
federal
law, the laws
of the State
of Maine without
regard
to i
t
s
conflicts
of law
provisions. This Agreement has b
ee
n
accepted
by
Lender
in the State
of
M
a
i
n
e
.
Caption Headings.
C
a
p
t
i
on
h
ea
d
i
ng
s
i
n
t
h
i
s
Agreement
are for
c
on
v
e
n
i
e
n
c
e
purposes
on
l
y and are not to be
used
to
i
n
t
e
r
p
r
e
t
o
r
d
e
f
i
n
e
the
p
r
o
v
i
s
i
on
s
of t
h
i
s
A
g
r
ee
m
e
n
t
.
I
nt
e
r
p
r
e
t
a
t
i
on
.
Borrower agrees
that t
h
i
s
Agreement
i
s
the
best
e
v
i
d
e
n
c
e
of B
o
rr
o
w
e
r
’
s
agreements w
i
t
h
L
e
nd
e
r
.
If
a court
f
i
nd
s
t
h
a
t any
p
r
o
v
i
s
i
on
of t
h
i
s
Agreement
i
s
not v
a
li
d
or
s
hou
l
d
not be
e
n
f
o
r
c
e
d,
that
f
a
c
t by
i
t
s
e
l
f
will
not
mean
that the
rest
of t
h
i
s
Agreement
will
not
be v
a
li
d
or
e
n
f
o
r
c
e
d.
T
h
e
r
e
f
o
r
e
,
a court may
e
n
f
o
r
c
e
the
rest
of
the
p
r
o
v
i
s
i
on
s
of t
h
i
s
Agreement
even if
a
p
r
o
v
i
s
i
on
of t
h
i
s
Agreement
may be
f
ound
to be
i
n
v
a
li
d
or
un
e
n
f
o
r
c
ea
b
l
e
.
If
Lender
goes
to court
for
any
reason,
Lender can
use a
copy,
f
il
m
e
d
or
e
l
e
c
tr
on
i
c
,
of
any
p
e
r
i
od
i
c
statement, t
h
i
s
Agreement,
or any other
document
to prove what Borrower
owes
Lender
o
r that a tr
a
n
s
a
c
t
i
on
has
taken
p
l
a
c
e
.
The copy,
m
i
c
r
o
f
il
m
,
m
i
c
r
o
f
i
c
h
e
,
or
op
t
i
c
a
l
i
m
a
g
e
will
have the
same v
a
li
d
i
ty
as
the
o
r
i
g
i
n
a
l
.
Borrower agrees
that,
except
to the extent
Borrower can show
there is a
b
illi
ng
error; B
o
rr
o
w
e
r
’
s
most
current periodic
statement
i
s
the best
e
v
i
d
e
n
c
e
of B
o
rr
o
w
e
r
’
s
ob
li
g
a
t
i
on
to
p
a
y
.
Severability.
If
a court
of
competent
j
u
r
i
s
d
i
c
t
i
on
f
i
nd
s
any
p
r
o
v
i
s
i
on
of t
h
i
s
Agreement
to be
ill
e
g
a
l
,
i
n
v
a
li
d,
or
un
e
n
f
o
r
c
ea
b
l
e
as t
o
any
c
i
r
c
u
m
s
t
a
n
c
e
,
that
f
i
nd
i
ng
s
h
a
ll
not make the
o
ff
e
nd
i
ng
p
r
o
v
i
s
i
on
ill
e
g
a
l
,
i
n
v
a
li
d,
or
un
e
n
f
o
r
c
ea
b
l
e
as
to any other
c
i
r
c
u
m
s
t
a
n
c
e
.
If
f
ea
s
i
b
l
e
,
the
o
ff
e
nd
i
ng
p
r
o
v
i
s
i
on
s
h
a
ll
be
c
on
s
i
d
e
r
e
d
m
od
i
f
i
e
d
so
that
it
becomes
l
e
g
a
l
,
v
a
li
d
and
e
n
f
o
r
c
ea
b
l
e
.
If
the
o
ff
e
nd
i
ng p
r
o
v
i
s
i
on
cannot
be
so
m
od
i
f
i
e
d,
it
s
h
a
ll
be
c
on
s
i
d
e
r
e
d
d
e
l
e
t
e
d
f
r
o
m
t
h
i
s
Agreement. Un
l
e
ss
o
t
h
e
rw
i
s
e
r
e
qu
i
r
e
d
by
l
a
w
,
the
ill
e
g
a
li
ty
,
i
n
v
a
li
d
i
ty
,
or
un
e
n
f
o
r
c
ea
b
ili
ty
of
any
p
r
o
v
i
s
i
on
of t
h
i
s
Agreement
s
h
a
ll
not
a
ff
e
c
t the
l
e
g
a
li
ty
,
v
a
li
d
i
ty or
e
n
f
o
r
c
ea
b
ili
ty
of
any
o
t
h
e
r
p
r
o
v
i
s
i
on
of t
h
i
s
A
g
r
ee
m
e
n
t
.
Acknowledgement and Amendments.
Borrower understands
and agrees
to the
terms
and
c
ond
i
t
i
on
s
i
n
t
h
i
s
Agreement.
B
o
rr
o
w
e
r
a
c
k
no
w
l
e
dg
e
s
that,
s
ub
j
e
c
t to
a
pp
li
c
a
b
l
e
l
a
w
s
,
Lender has
the r
i
gh
t to
change
the
terms
and
c
ond
i
t
i
on
s
of
the
C
r
e
d
i
t
L
i
n
e
p
r
og
r
a
m
.
Lender
will
not
change
the
m
a
x
i
m
u
m
rate of
i
n
t
e
r
e
s
t that may
a
pp
l
y under any v
a
r
i
a
b
l
e
rate
p
r
o
v
i
s
i
on
or
L
e
nd
e
r
’
s
p
r
o
m
i
s
e
to
m
a
k
e
c
r
e
d
i
t
advances.
Borrower also
understands
and agrees
that Borrower may be
s
ub
j
e
c
t to other agreements
w
i
t
h
Lender regarding tr
a
n
s
f
e
r
i
n
s
tr
u
m
e
n
t
s
or
access
d
e
v
i
c
e
s
w
h
i
c
h
may
access B
o
rr
o
w
e
r
’
s
C
r
e
d
i
t
L
i
n
e
.
By
m
a
k
i
ng
a draw on the
c
r
e
d
i
t
li
n
e
,
B
o
rr
o
w
e
r
a
c
k
no
w
l
e
dg
e
s
that Borrower
has
read and accepts
t
h
i
s
agreement.
Any
person
m
a
k
i
ng
a draw on the
c
r
e
d
i
t
li
n
e
may
request
a
m
od
i
f
i
c
a
t
i
on
to t
h
i
s
Agreement,
and, if
granted,
the
m
od
i
f
i
c
a
t
i
on
will
be
b
i
nd
i
ng
on
a
ll
B
o
rr
o
w
e
r
s
.
REGULATORY NOTICE
Thank you for choosing Bangor Savings Bank for your commercial banking needs. Upon receipt of the
fully completed application form, your application is in process. We are required to provide the
Authorizations and Notifications below. Please feel free to contact your Lender with any questions.
The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the
basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to
enter into a binding contract); because all or part of the applicant's income derives from any public assistance
program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection
Act. The Federal agency that administers compliance with this law concerning this creditor is FDIC Consumer
Response Center, 1100 Walnut Street, Box #11, Kansas City, MO 64106.
If property is used as collateral, it must be insured on the day of closing. The amount of insurance coverage must
be equal to the lesser of the insurable value or the loan amount. You have the right of free choice in the selection
of the agent and insurer through or by which the insurance is to be placed.
If the loan is secured by a first lien on a residential property, we will order an appraisal to determine the property’s
value and charge you for this appraisal. We will, promptly after our review, provide you a copy of any appraisal,
even if your loan does not close. You can pay for an additional appraisal for your own use at your own cost.
Regulation B requires delivery of the residential appraisal three days prior to closing. You may waive this three
day requirement by completing a waiver form at least three days prior to closing.
You have the right to a copy of the commercial appraisal report used in connection with your application for
credit. If you wish a copy, please write to us at the mailing address we have provided below. We must hear from
you no later than 90 days after we notify you about the action taken on your credit application.
If your loan is denied, you have the right to a statement of specific reasons if requested within 60 days of our
notification of adverse action. We will send you the written notice within 30 days of your request. Please contact
your Lender for more information.
This notification is provided to you in conjunction with the current loan request(s) and is applicable to any and
all requests or subsequent agreements hereafter arising, including, without limitation, to any amendments,
renewals, or extensions of the note or other documents associated with the transaction.
Bangor Savings Bank
Attn: Commercial Banking
PO Box 930
Bangor, ME 04402-0930
{EP - 02939281 - v1 }Effective Date: 01/02/2019
COMMERCIAL LOAN
CERTIFICATION OF BENEFICIAL OWNER(S)
All persons applying for a commercial loan on behalf of a legal entity or informing the Bank of a change in beneficial
ownership of a legal entity Borrower for an existing commercial loan must provide the following information:
Full Name and Title (person completing form)
Borrower Name
Legal Entity Type (corporate structure)
Borrower Address
INSTRUCTIONS: If there are no Legal Entities involved in this commercial loan transaction, please complete ONLY Section
III. Otherwise, complete all sections of this form. Please see General Instructions page for further information.
SECTION I – BENEFICIAL OWNERS
Please provide the following information for each individual or entity, if any, who directly or indirectly, through any contract
arrangement, understanding, relationship, or otherwise owns 25% or more of the equity interests of the Borrower listed
above. Check here
☐ if no individual or entity meets this definition and complete Sections II and III.
Full Name
Ownership %
If any owner identified above is a legal entity, a Certification of Entity Beneficial Owner form must be completed for each
legal entity identified.
SECTION II - CONTROL
Please name an individual with significant responsibility for managing or directing the Borrower, for example, an executive
officer or senior manager (e.g. Chief Executive Officer, Chief Financial officer, Chief Operating Officer, Managing Member,
General Partner, President, Vice President, Treasurer); or any other individual who regularly performs similar functions.
Full Name
Title
I, ___________________________________ (authorized representative of Borrower), hereby certify that the information
provided above is complete and correct. I further certify that the Borrower will provide the Bank with updated
information if any of the above reported information changes.
Signature: Date:
Title:
SECTION III – PAYMENT METHOD (NEW LOANS ONLY)
Please indicate the payment method anticipated for the new loan:
☐
AFT
☐
EFT
☐
CASH
☐
CHECK
☐
WIRE
☐
ONLINE PAYMENT
{EP - 02939281 - v1 }Effective Date: 01/02/2019
GENERAL INSTRUCTIONS
What is this form?
To help the government fight financial crime, Federal regulation requires certain financial institutions to obtain, verify, and
record information about the beneficial owners of legal entity customers. Legal entities can be abused to disguise
involvement in terrorist financing, money laundering, tax evasion, corruption, fraud and other financial crimes. Requiring
the disclosure of key individuals who own or control a legal entity (i.e., the beneficial owners) helps law enforcement
investigate and prosecute these crimes.
Who has to complete this form?
This form must be completed by any person applying for a commercial loan on behalf of a legal entity. Additionally, Section
III of this form must be completed for all new loans, regardless of legal structure. Finally, for those loans that are renewed
after May 1, 2018, this form must be completed at the time of the first renewal.
For the purposes of this form, a legal entity includes a corporation, limited liability company, or other entity that is created
by a filing of a public document with a Secretary of State or similar office, a general partnership, and any similar business
entity formed in the United States or a foreign country. Legal entity does not include sole proprietorships, unincorporated
associations, most trusts, or natural persons applying for loans on their own behalf.
What information do I have to provide?
When you apply for a commercial loan on behalf of a legal entity, we will ask for information about the legal entity’s
beneficial owner(s). Beneficial owners will be required to complete a Customer Identification Policy (CIP) Form prior to
loan closing.
Beneficial owners are:
1. Each individual, if any, who owns, directly or indirectly, 25% or more of the equity interests of the legal entity
Borrower (e.g., each natural person that owns 25% or more of the shares of a corporation); and
2. An individual with significant responsibility for managing the legal entity Borrower (e.g. Chief Executive Officer,
Chief Financial officer, Chief Operating Officer, Managing Member, General Partner, President, Vice President,
Treasurer)
The number of individuals that satisfy this definition of “beneficial owner” may vary. A legal entity Borrower may have
multiple beneficial owners. This form requires you to list only those that own 25% or more. If appropriate, the same
individuals may be listed under both Section I and Section II.
Legal Entity Owners:
As noted above, in addition to individuals who maintain direct ownership of the legal entity Borrower, you must identify the
beneficial owners of any legal entity that is an owner of 25% or more of the equity interest of the legal entity Borrower.
Specifically, you must identify those individuals who indirectly own 25% or more of the equity interest of the legal entity
Borrower by virtue of their ownership interest in a separate legal entity. When a legal entity is identified in Section I of the
Certification of Beneficial Owner(s) form as owning 25% or more of the legal entity Borrower, a Certification of Entity
Beneficial Owner form will be required for each identified entity to allow for proper identification of beneficial owners.
Borrowers are also required to indicate the anticipated method of payment in Section III.
V06.04.19
AUTHORIZED SIGNER AUTHENTICATION
(Does not require borrower’s signature)
I certify that the above information has been verified with the borrower.
______________________________
Date
_______________________________
Signature of Loan Officer
☐ YES ☐ NO
☐ YES ☐ NO
☐ YES ☐ NO
☐ YES ☐ NO
MEMBERS/MANAGERS/OFFICERS AS LISTED
IN ANNUAL REPORT
PART 2 (Only complete if guarantor is a business entity)
NAME OF CORPORATE GUARANTOR:
☐ YES ☐ NO
☐ YES ☐ NO
☐ YES ☐ NO
☐ YES ☐ NO
M
EM
BERS/MANAGERS/OFFICERS A
S LISTED
IN ANNUAL REPORT
NAME OF CORPORATE BORROWER:
PURPOSE: This internal form ensures loan documents have accurate names, titles, and authorized signers.
INSTRUCTIONS: The names listed below must match the Borrower’s annual report filed with the Secretary
of State. Please verify the accuracy of names, titles, and person(s) authorized to sign loan documents.
__________________________________________________________________
__________________________________________________________________
Name: ___________________________________________ Title: _____
____________________________
Name: ___________________________________________ Title: _________________________________
Name: ___________________________________________ Title: _________________________________
Name: ___________________________________________ Title: _________________________________
Name: ___________________________________________ Title: _________________________________
Na
me
: ___________________________________________ Title: _________________________________
Name
: ___________________________________________ Title: _________________________________
Name
: ___________________________________________ Title: _________________________________
PART 1
To be verified by loan officer.
Are the individuals listed below authorized to sign? Please check Yes or No
To be verified by loan officer.
Are the individuals listed below authorized to sign? Please check Yes or No
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