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HomeMy WebLinkAbout14-1619 COMMONWEALTH OF PENNSYLVANIA COURT OF COMMON PLEAS NOTICE OF APPEAL Judicial District, County Of CUMBERLAND FROM MAGISTERIAL DISTRICT JUDGE JUDGMENT COMMON PLEAS No. 14 - 11019 NOTICE OF APPEAL Notice is given that the appellant has filed in the above Court of Common Pleas an appeal from the judgment rendered by the Magisterial District Judge on the date and in the case referenced below. NAME OF APPELLANT MAG. DIST. NO. NAME OF MDJ NATIONAL COLLEGIATE STUDENT LOAN TRUST 09 -1 -03 HONORABLE RICHARD S DOUGHERTY ADDRESS OF APPELLANT CITY STATE ZIP CODE 7595 MONTEVIDEO RD JESSUP MD 20794 DATE OF JUDGMENT IN THE CASE OF (Plaintiff) (Defendant)' 3/4114 NATIOANL COLLEGIATE STUDENT DAVID BE IROVIC DOCKET No. SIGNATUR A7LIfOY 0 R CV-097 -13 This block will be signed ONLY when this notation is required under Pa. appellant a mant 1(se Pa. R.C. P.D.J. No. 1001(6) in action R.C.P.D.J. No. 1008B. This Notice of Appeal, when received by the Magisterial District Judge, will before a Magisterial Distric A COMPLAINT MUST BE FILED operate as a SUPERSEDEAS to the judgment for possession in this case. within twenty (20) days after filing the NO of APPEAL. Signature of Prothonotary or Deputy PRAECIPE TO ENTER RULE TO FILE COMPLAINT AND RULE TO FILE (This section of form to be used ONLY when appellant was DEFENDANT (see Pa.R.C.P.D.J. No. 1001(7) in action before Magisterial District Judge. IF NOT USED, detach from copy of notice of appeal to be served upon appellee. PRAECIPE: To Prothonotary Enter rule upon appellee(s), to file a complaint in this appeal Name of appellee(s) (Common Pleas No. ) within twenty (20) days after service of rule or suffer entry of judgment of non pros. Signature of appellant or attorney or agent RULE: To appellee(s) Name of appellee(s) (1) You are notified that a rule is hereby entered upon you to file a complaint in this appeal within twenty (20) days after the date of service of this rule upon you by personal service or by certified or registered mail. (2) If you do not file a complaint within this time, a JUDGMENT OF NON PROS MAYBE ENTERED AGAINST YOU. (3) The date of service of this rule if service was by mail is the �qt %%�Oeailing. Date: 20 �t` - J ,, � q� ,�lr C3 ; `§ l Signature of Prothonotary or Deputy .z e� f YOU MUST INCLUDE A COPY OF THE NOTICE OF �,UDPIVONTrr- "'NSCRIPT FORM WITH THIS NOTICE OF APPEAL. ► .. , - 4103.50 PQ ATq ef 81gQ AOPC312 -05 COMMONWEALTH OF PENNSYLVANIA Notice of Judgment/Transcript Civil `COUNTY OF CUMBERLAND Case Mag. Dist. No: MDJ- 09 -1 -03 National Collegiate Student Loan Trust 2006 -1 MDJ Name: Honorable Richard S. Dougherty V Address: 98 South Enola Drive, Suite 1 David Becirovic Enola, PA 17025 Telephone: 717-728-2805 National Collegiate Student Loan Trust 2006 -1 Docket No: MJ- 09103 -CV- 0000097 -2013 c/o NCO Financial Systems Inc Case Filed: 5/28/2013 7595 Montevideo Rd Jessup, MD 20794 Disposition Details Disposition Summary (cc -Cross Complaint) Docket No Plaintiff Defendant Disposition Disposition Date MJ- 09103 -CV- 0000097 -2013 National Collegiate Student Loan David Becirovic Judgment for Defendant 03/04/2014 Trust 2006 -1 ANY PARTY HAS THE RIGHT TO APPEAL WITHIN 30 DAYS AFTER THE ENTRY OF JUDGMENT BY FILING A NOTICE OF APPEAL WITH THE PROTHONOTARY /CLERK OF COURT OF COMMON PLEAS, CIVIL DIVISION. YOU MUST INCLUDE A COPY OF THIS NOTICE OF JUDGMENT /TRANSCRIPT FORM WITH YOUR NOTICE OF APPEAL. EXCEPT AS OTHERWISE PROVIDED IN THE RULES OF CIVIL PROCEDURE FOR MAGISTERIAL DISTRICT JUDGES, IF THE JUDGMENT HOLDER ELECTS TO ENTER THE JUDGMENT IN THE COURT OF COMMON PLEAS, ALL FURTHER PROCESS MUST COME FROM THE COURT OF COMMON PLEAS AND NO FURTHER PROCESS MAY BE ISSUED BY THE MAGISTERIAL DISTRICT JUDGE. UNLESS THE JUDGMENT IS ENTERED IN THE COURT OF COMMON PLEAS, ANYONE INTERESTED IN THE JUDGMENT MAY FILE A REQUEST FOR ENTRY OF SATISFACTION WITH THE MAGISTERIAL DISTRICT JUDGE IF THE JUDGMENT DEBTOR PAYS IN FULL, SETTLES, OR OTHERWISE COMPLIES WITH THE JUDGMENT. MAR 04 2014 Date Magisterial District Judge Richard S. Dougherty I certify that this is a true and correct copy of the record of the proceedings containing the judgment. Date Magisterial District Judge m MDJS 315 Page 1 of 2 Printed: 03/04/2014 1:07:31 PM National Collegiate Student Loan Trust 2006 -1 Docket No.: MJ- 09103 -CV- 0000097 -2013 v. David Becirovic Participant List Plaintiff(s) National Collegiate Student Loan Trust 2006 -1 c/o NCO Financial Systems Inc 7595 Montevideo Rd Jessup, MD 20794 Defendant(s) David Becirovic 214 Hummel Avenue Lemoyne, PA 17043 Complainant's Attorney(s) Jason Daniel Arnold, Esq. Pressler & Pressler 7 Entin Road Parsippany, NJ 07054 Attorney Michael F. Ratchford, Esq. Edwin A. Abrahamsen & Associates, PC 120 North Keyser Ave Scranton, PA 18504 MDJS 315 Page 2 of 2 Printed: 03/04/2014 1:07:31 PM 1 r. Supreme Cod 3 nnsylvania COU 1 C - 0M P IeaS For Prothonotary Use Only: C 'ii .0 r Shek * - o Docket No: LLB. y CU 85RLAND � } CUllll Niyae rlll l,lljj The information collected on this form is used solely for court administration purposes. This form does not supplement or replace the filing and service ofpleadings or other papers as required by low or rules of court. Commencement of Action: S ® Complaint [3 Writ of Summons ® Petition ® Transfer from Another Jurisdiction ® Declaration of Taking E C Lead Plaintiffs Name: Lead Defendant's Name: NATIONAL COLLEGIATE STUDENT LOAN TRUST DAVID BECIROVIC T Dollar Amount Requested: within arbitration limits I Are money damages requested? 0 Yes ® No (check one) ®outside arbitration limits O N Is this a Class Action Suit? ® Yes 1M No Is this an MDJAppeal? O Yes 17 No A Name of Plaintiff/Appellant's Attorney: MICHAEL RATCHFORD ® Check here if you have no attorney (are a Self - Represented (Pro Sel Litigant) Nature of the Case Place an "X" to the left of the ONE case category that most accurately describes your PRIMARY CASE. If you are making more than one type of claim, check the one that you consider most important. TORT (do not include Mass Tort) CONTRACT (do not include Judgments) CIVIL APPEALS D Intentional ® Buyer Plaintiff Administrative Agencies ® Malicious Prosecution ® Debt Collection: Credit Card 0 Board of Assessment ® Motor Vehicle ® Debt Collection: Other n Board of Elections ® Nuisance © Dept. of Transportation ® Premises Liability © Statutory Appeal: Other S ® Product Liability (does not include E mass tort) [3 Employment Dispute: Slander/Libel/ Discrimination ® El t C ® Other: ® Employment Dispute: Other ® Zoning Board �x Other: T MDJ APPEAL I ® Other: O MASS TORT ® Asbestos N ® Tobacco Toxic Tort -DES Q Toxic Tort -Implant REAL PROPERTY MISCELLANEOUS ® Toxic Waste ® Other: E3 Ejectment [3 Common Law /Statutory Arbitration B ® Eminent Domain /Condemnation i3 Declaratory Judgment rA Ground Rent [3 Mandamus ® Landlord/Tenant Dispute ® Non - Domestic Relations ® Mortgage Foreclosure: Residential Restraining Order PROFESSIONAL LIABLITY ® Mortgage Foreclosure: Commercial ® Quo Warranto ® Dental ® Partition ® Replevin Legal ® Quiet Title 13 Other: ® Medical ® Other: ® Other Professional: Updated 1/1/2011 1 IN THE COURT OF COMMON PLEAS OF ' a� . ;_ `� -' " ` t0 CUMBERLAND COUNTY, PENNSYLVANIA 2* 3 NATIONAL COLLEGIATE STUDENT LOAN TRUST 2006 -1 CIVIL ACTION CI AND c/o NCO Financial Systems Inc. ' t � 1Sv@ 5100 Peachtree Industrial Blvd Norcross, GA 30071 Plaintiff VS. tv' I TYM NO: 14 161 DAVID BECIROVIC 214 HUMMEL AVE LEMOYNE PA 17043 -2066 Defendant NOTICE TO DEFEND You have been sued in court. If you wish to defend against the claims set forth in the following pages, you must take action within twenty (20) days after this Complaint and Notice to Defend are served, by entering a written appearance personally or by an attorney and filing in writing with the court your defenses or objections to the claims set forth against you. You are warned that if you fail to do so the case may proceed without you and a judgment may be entered against you by the court without further notice for any money claimed in the Complaint or for any other claim or relief requested by the plaintiff. You may lose money or property or other rights important to you. YOU SHOULD TAKE THIS PAPER TO YOUR LAWYER AT ONCE. IF YOU DO NOT HAVE A LAWYER OR CANNOT AFFORD ONE, GO TO OR TELEPHONE THE OFFICE SET FORTH BELOW TO FIND OUT WHERE YOU CAN GET LEGAL HELP. IF YOU CANNOT AFFORD TO HIRE A LAWYER, THIS OFFICE MAY BE ABLE TO PROVIDE YOU WITH INFORMATION ON AGENCIES THAT MAY OFFER LEGAL SERVICES TO ELIGIBLE PERSONS AT REDUCED FEE OR NO FEE. MIDPENN LEGAL SERVICES 401 EAST LOUTHER STREET CARLISLE, PA 17013 717 - 243 -9400 N1300489 x IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA NATIONAL COLLEGIATE STUDENT LOAN TRUST 2006 -1 CIVIL ACTION c/o NCO Financial Systems Inc. 5100 Peachtree Industrial Blvd Norcross, GA 30071 Plaintiff VS. NO: DAVID BECIROVIC 214 HUMMEL AVE LEMOYNE PA 17043 -2066 Defendant COMPLAINT Plaintiff, NATIONAL COLLEGIATE STUDENT LOAN TRUST 2006 -1, by and through its attorneys, Edwin A. Abrahamsen & Associates, P.C., complains of the Defendant as follows: 1. The defendant DAVID BECIROVIC (hereinafter "Defendant ") is an adult individual residing at 214 HUMMEL AVE LEMOYNE PA 17043 -2066. 2.. The defendant executed the promissory note for the payment of tuition in which the defendant was required to make monthly payments. 3. The defendant's account was transferred and assigned by the original lender to the plaintiff. 4. The defendant was advanced the proceeds of the loan which were to be used for educational purposes. 5. The defendant failed to make the required payments when due. 6. The balance currently owed by defendant is $7,367.78. 7. Plaintiff has declared Defendant to be in default and demands payment of the balance due from the Note. WHEREFORE, Plaintiff requests judgment in its favor and against Defendant in the amount of $7,367.78 plus costs of suit and any other relief as the Court deems just and appropriate. Respec 11 su i ed ichael Ratchfor , Esquire Attorney I.D. Nos. 86285 120 N. Keyser Av Scranton, PA 18 4 mratchford @eaa aw.com Phone: 800 -503 -1665 Fax: 570 -558 -5511 VERIFICATION I, Michael F. Ratchford, attorney for Plaintiff, NATIONAL COLLEGIATE STUDENT LOAN TRUST 2006 -1, am fully familiar with the facts set forth in the within Complaint and am. authorized to make this Verification on behalf of Plaintiff. I Verify that the facts set forth in the within allegations are true and correct to the best of my knowledge, knowing that any false statements are punishable by law pursuant to 18 C.S.A. 4904. c ael Ratchfordrsquire NOTE DISCLOSURE STATEMENT 5 3,291.37 Borrower(s) BASIC SEAD 03078244 DAVID BECIROVIC Loan No. Student BASIC SEAD Date: Auyusl 26, 2005 BASIC SEAD Lender Name and Address; 4101 F BEECHWOGD LANE CITIZENS BANK OF RHODE ISLAND HARRISBURG, PA 17112 ONE CITIZENS PLAZA P ROVIDENCE, RI 02903 This disclosure statement relates to one or more advances on your Loan Note disbursed on August 26, 2005 Because your Loan is either being disbursed in whole or in part, or is entering repayment, or the repayment tons are being modified, she following information about your Loan is being given to you. ANNUAL PERCENTAGE RATE FINANCE CHARGE Amount Financed Total of Payments The cost of your credit as a The dollar amount the credit The amount of credit provided The amoum you will have paid after yearly rate. will cost you. to you or on your behalf you have made all payments scheduled. 6.121 % $ 2.808.40 $ 3.242.00 S _ 6.050.40 Your DoMent schedule will be: Number of Payments Amount of Payments* When Payments are due 240 S 25.21 On the lad day of each mouth beginning on 1212006 VARIABLE RATE: The Annual Percentage Rate, which is based on an index plus a margin, may increase during the term of the loan if the index rate increases. The index is (check one): 0 Prime Rate Index Adjusted Monthly - The highest US, bank prime rate published in the "Money Rates" section of The WitillStreet Journal on the last business day of each calendar month. Prime Rate Index Adjusted Quarterly. The highest U.S, bank prime rate published in the "Money Rates" section of The Wall Street Journal on the last business day of each calendar quarter (if The lender identified above is Citibank ( New York State ), the index will be the highest U.S. Bank prime rate published in the "Money Rates" section of The Wall Street Journal on the date which is 30 days prior to the first day of each quarter), Q LIBOR Index Adjusted Quarterly -The average of the one -month London Interbank Offered Rates published in the "Money Roles" section of The Wall aSlf;J jolm6j are the first business day of each of the three (3) calendar months immediately preceding the first day of each calendar quarter, Any increase in the index and the Annual Percentage Rate which occurs while principal payments are deferred will increase the amount of any current and all future payments. Any increase in the Index and the Annual Pencentage Rate which occurs while principal and interest payments are deferred will increase the amount of all future payments. Any increase in the index and the Annual Percentage Rate which occurs after you have begun to make principal and interest payments on your loan will increase the amount of your future principal and interest payments beginning with your next annual payment a4usimcnt date. For exempt-, assume you obtain a loan in your junior year, in the amount of $10,000 at an interest rate of 11 %. and you defer principal and interest payments until after your graduation, and the repayment term of the loan is 20 years. If the interest rate increased to 12% on January lat of your senior year, the interest which accrues while principal end interest payments are deferred will increase by $75.11, and your monthly principal and interest payments would increase by $9.05. SECURITY: You have given a security interest in all refunds or amounts owed to you at any lime by the student's educational institution. Collateral securing other loans with the Lender may also secure this loon. LATE CHARG ES: If a payment is more than 15 days late, you may be charged $5.00 or 5% of the payment, whichever is less. If you default, Lender (or subsequent holder of your Loan Note) may increase the margin used to compute the Annual Percentage Rate by two percentage points (2 %). PREPAYMENT: If you pay off early, you will not have to pay a penalty. See your contract documents for any additional information about non - payment, default, any required repayment in full before the scheduled date, any security interest, and prepayment refunds and penalties, J3gdmaless All numerical disclosures except the late payment disclosure are estimates. Principal Amount of Note (Amount Financed plus Prepaid Finance Charge) S 3.291.37 Itemization of Amount Financed Amount paid to ACADEMY OF MEDICAL ARTS & BUS and S Amount paid to BASIC SEAD S 3.242.00 Total Amount Financed $ 3.242.00 Itemization of Prepaid Finance Charge Origination or Guarantee Fee $ 49.37 Other Fccs Paid (see yours contract) S Total Prepaid Finance Charge(s) S 49,37 nryour Loan is disbursed in multiple advances, the niouthly payment amount disclosed in the paym cid schedule reflects only that monthly payment necessary to repay this advance. The actual total monthly paymenton your Lou will be based on the sum of all advances under your Loan Note and will be disclosed to you before your Loan enters repayment. Your minimum loud monthly payment will be at least $25.00 each month or the entire loan balance whichever is less. nuKMU r »r 10 CISCDP Teri Undergraduate Loan File Copy NOTE DISCLOSURE STATEMENT 5 3,291.37 Borrower(s) BASIC SEAR 03078244A DAV BECIROVIC Loan No. Student: _ BASIC SEA Date: December 2, 2005 BASIC SEAD Lender Name and Address: 4101 F BEECHWOOD LANE �IT IZCN$ BANK OF RHODE ISLAND HARRISBURG, PA 17112 ONE CITIZENS PLAZA PROVIDENCE, RI 02903 This disclosure statement relates to one or more advances on your Loan Note disbursed on December 2, 2005 Because your Loan is either being disbursed in whole or in part, or is entering repayment, or the repayment terms am being modified, the following information about your Loan is being given to you ANNUAL PERCENTAGE RATE FINANCECHARGE Amount Financed Total of Payments The cost of your credit os a Tle dollar amount the credit The amount of credit provided The amount you will havo paid after J yearly mtc. will cost you, to you or on your behalf. you have made all payments scheduled. 6.628 a /o $ 2.983.60 $ 3.242.00 $ 6.225.60 Your Payment schedule will be: Number of Payments Amount of Payments When Payments ate due 240 T 25.94 On the 1st day of each month beginning on 12/2006 VARIABLE RATE: The Annual Percentage Rate, which is bused on an index plus s margin, may increase during the term of the loan if the index rate increases. The index is (check one): E] Prime Rate Index Adjusted Monthly - The highest U.S. bank prime rate published in the "Money Rates" section of !b Wall Street J Q mat on the last business day of each calendar month. �] Prime Rate Index Adjusted Quarterly - The highest U.S. bank prime rate published in the "Money Rates" section or The Wall Street Joumal on the last business day of each calendar quarter (if the Lender identified above is Citibank ( New York State ), the index will be the highest U.S. Bank prime rate published in the "Money Rates" section of The Wall Stree Journal on the date which is 30 days prior to the first day of each quarter). LIBOR Index Adjusted Quarterly - The average of the one -month London Interbank Offered Rates published in the "Money Rates" section of The wall Street Journal on the first business day of each of the three (3) calendar months immediately preceding the first day of each calendar quarter, Any increase in the index and the Annual Percentage Rate which occurs while principal payments are deferred will increase the amount of any current and all future payments. Any increase in the Index and the Annual Percentage Rate which occurs while principal and interest payments arc deferred will increase the amount of all future payments. Any increase in the index and the Annual Percentage Rate which occurs after you have begun to make principal and interest payments on your loan will increase the amount of your future principal and interest payments beginning with your next annual payment adjustment date. For example, assume you obtain a loan in your junior year, in the amount of $10,000 at an interest rate of 11%, and you defer principal and interest payments until after your graduation, and the repayment term of the loan is 20 years. If the interest rate increased to 12 "h an January Ist of your senior year, the interest which accrues while principal and interest payments are deferred will increase by $75.11, and your monthly principal and interest payments would increase by $9,05. SECURITY: You have given a security interest in all refunds or amounts owed to you at any time by the students educational institution. Collateral securing other loans with the Lender may also secure this Loan, LATE CHARGES: If a payment is more than 15 days late, you may be charged 55,00 or 5% of the payment, whichever is less. If you default, Lender (or subsequent holder of your Loan Note) may increase the margin used to compute the Annual Percentage Rate by two percentage points (2%). i PREPAYMENT: If you pay off early, you will not have to pay a penalty. See your contract documents for any additional information about non - payment, default, any required repayment in full before the scheduled date, any security interest, and prepayment refunds and penalties. Estimates: All numerical disclosures exceptthe late payment disclosure are estimates. I Principal Amount of Note (Amount Financed plus Prepaid Finance Charge) S 3,291.37 Itemization of Amount Financed Amount paid to ACADEMY OF MEDICAL ARTS & BUS and S Amount paid to BASIC SEAD s 3.242.00 Total Amount Financed $ 3,242.00 Itemization of Prepaid Finance Charge Origination or Guarantee Fee $ 49.37 Other Fees Paid (sec yours contract) $ Total Prepaid Finance Charge(s) s 49.37 'If your Loam Is disbursed in multiple advances, the monthly payment amount disclosed In the payment schedule rellecu only that monthly Payment necessary to repay this advances The actual total monthly payment on your Loan will be based on the sum crust advances under your Lose Note and will be disclosed to you before your Loan mien repayment. Yourminlmum total monthly payment will be at Icul. $25.00each month or the entire loan balance %hlchcverisless. ' TMx Ma 9717 9a CISCDP Teri Undergraduate Loan File Copy 56205 0 91 714 Cosigned CEL " Loan Request/Credit A regiment -- Signature Page NONNEGOTIABLE CREDIT AGREEMENT — 7"S IS A CONSUMER CREDIT TRANSACTION LOAN PROGRAM INFORMATION _ TERI Continuing Education Loan I Lender. Citizens Bank of Rhode island School: ACADEMY OF MEDICAL ARTS & BUS Loan Amount Requested: $6485.00 Academic Period: 0700547/2008 Deferral Period Margin: 3.5 Repayment Period Margin: 3,5 Loan Odginedon Fee ST110ENT BORROWER IN0000ON (Must beet least 16 years of op) Borrower Name: Sead Basic Home Address: 4101 F Seechwood Lane Harrisburg. PA 17112 Social Security #:118- 815 4754 Date of Birth: 04/08/1958 Home Telephone: 7173795896 Studant Cltt metdp (check one box): A U.S. Cpizen 0 EDplble NaaCl2= (Adsch front & befit oopy of CIS a n4W visa cafe Note: Personal reference name and address cannot match that of the Cosigner. Personal Referenco Name: Rwaid Kirby _ Reference Horne Tel #: 171238.1770 Worts Tel Rererertce Street Addross,�u • " " Front ^((rest RCfn=a City /Stateizip: Hwy PA 17110 COSIGNER INFORMATION (Must be at,least 18 ye4(§,of 899) Cosigner Name: David BeclrWc Home Address: 1672 Duall Drive Carlisle, PA 17013 Social Security #:170 -78 -1524 Dale of Birth: 05111/1957 Home Telephone: 7172586735 Hm you Byer detauttW on a student loan or dederad ban)[ruptcy) tO No O Yes Ernptoyer Telephone., T;17105ti170 ; Current Employer. PA DEPT OF REVENUE Current Posnbn: Other Years There: 2 Years , Years at Previous Employment: i Alimony, cMM support, or separota cost, nonce Inaornas do nab have to be revealed it you do not want them considered for misaying this obtlgoogth, If you are relying on such additional Income, plesse pnsvlde detalls on a sepamto sheet of paper. i C009ner ClWanstdp (checit on box): 01 U.S. Citizen 0 E00ble Non -Men (AIMCh "M & bb* COPY o(.CIS) r % NOW: Penaonel reference name and address cannot match 00 Of the Studest Personal Reference Name: 3uun Hanniken - Reference Home Tel 0 work Tel # 't Relererwe Sine) Address: qQqtidlIAvaffl1ft Reffence By my signawm. I certify Ihat 1 have road, understand and agee to On terms of and urdcsuko the obligations tot forth on aq four (4) pages of this Loan RequeslfCndh Agrccmen C1.0546.CLCO.IOSC.0105 ("Credit AgreommVI. I urAOVA d that any person who knowingly makes o (alto Moment or miuepresensnbo on dtis.rorm is subject to punaltia, which may ineludo Ifaa w imprismtrncm. This Credit AVacmcm is signed under seal. I urAt mud dml I sm"required Ia fax my siptatare on nor to sign eieemical ly this Credit Allsvo l cad any related notices WI require signature. If I choose to fax my sigmrure on or to sip electronically ibis Credit Agmcmrnt and any mWed notices that require sig care, I Intmd: (i) any W or oketronte sigumtum b be ea eiEClttrrl at gtuluro under spplieabk federal tad sof Isw. (ii) any fix printout or printout of Lender's alectrunic record of this Credo Agn 11 and relard naives to be an erisiml document. (it) to condom tauineas wibb the Lender by elecuestic records and electronic signahrret, and ((v) that this Credit Agreement will not be governed by Anicle 3 of the Unlromt Comtrtewial Code, std my obligations under ibis Credit Agrmrmn% will not be subject to, but sny transfer *(my obligations will be subject to. Aniete 9 of the Uaiform CommoteW Code - FOR ALA 6 A RESIDENTS CAUTION —IT IS IMPORTANT THAT YOU THOROUGHLY READ THE CONTRACT BEFORE YOU SIGN IT. FOR WISCONSIN RESIDENTS NOTICE TO CUSTOMER: (q DO NOT SIGN THIS CREDIT AGREEMENT BEFORE YOU READ THE WRITING ON THE FOLLOWING PAGES, EVEN IF OTHERWISE ADVISED. (b) DO NOT SIGN THIS CREDIT AGREEMENT IF IT CQ, 4TAINS ANY BLANK SPACES. (c) YOU ARE ENTITLED TO AN EXA COPY OF ANY AGREEMENT YOU SIGN. (d) YOU HAVE THE RIGHT AT ANY TIME TO PAY IN ADVANCE THE UNPAID BALANCE UNDER THIS CREDIT AGREEMENT AND YOU MAY BE ENTITLED TO A PARTIAL REFUND OF E FINANCE CHARGE. i PLEASE SIGN BELOW— REUR FAX TO: 600- 704 -9406. Signature of Borrower ! Date BY SIGNING THIS CREDIT AGREE M BELOW, i CERTIFY THAT I INTEND TO (1) APPLY FOR JOINT CREDIT AND (i y Bq RTLY LIABLE WITH THE BORROWER FOR THIS LOAN. Signature of Cosigner Date C).05-06,CLCO.IOSC.0105 I of 5 PN01_ CI_ OS06 _C(CO,F_xBJ�91CJt101Q181 BORROWER COPY C=F �6. a NOTE DISCLOSURE STATEMENT S 3,291.37 Borrower(s) BASIC SEAD 03078244 DAVID BECIROVIC Loan No. - Student: UASICSEAD Date: August 26, 2005 BASIC SEAD Leader Name and Address: 4101 F BEECHWOOD LANE CITI2RNS BAN OF RHODE IaLAND HARRISBURG, PA 17112 ONE CITIZENS PLAZA P ROVIDENCE, RI 02903 This disclosure statement relates to one or more advances an your Loan Note disbursed on August 26, 2005 Because your Loan is either being disbursed in whole or in part, or is entering repayment, or the repayment torms arc being modified, the following information about your Loan Is being given to you. ANNUAL PERCENTAGE RATE FINANCE CHARGE Amount Financed Total of Payments The cost of your credit as a The dollar amouni the credit The umountoferediiprovided The amount you will Wepoida0er yearly rate. will cost you. to you or on your behalt you have made all payments scheduled. 6.121 % $ 2,808.40 $ _ 3.242,00 S _ 6,050.40 Your payment schedule will be: Number of Payments Amount of Payments* When Pa ems are due 240 S 25.21 On the let day of each month beginning on 12/2006 VARIABLE RATE: The Annual Percentage Rate, which is based on an index plus a margin, may increase during the term of the loan if the index rate increases. The index is (check one): Prime Rate Index Adjusted Monthly - The highest U.S. bank prime rate published in the "Money Rates" section of The WIll SIC; t Journal an the last business day of each calendar month. L] Prime Rate Index Adjusted Quarterly -The highest U,S. bank prime rate published in the "Money Rates" section or The Wall Street Journal on the last business day of each calendar quarter (if the Lender identified above is Citibank ( New York State ), the index will be the highest U.S. Bank prime rate published in the "Money Rates" section of The Wall Street Joumal on the date which is 30 days prior to the first day of each quarter), ® LIBOR Index Adjusted Quarterly - The average of the one -month London Imerbank Offered Rates published in the "Money Rates" seclion of The Wall Stregi Jornal on the first business day of each of the three (3) calendar months immediately preceding the first day of each calendar quarter, Any increase in the index and the Annual Percentage Rate which occurs while principal payments arc deferred will increase the amount of any current and all future payments, Any increase in the Index and the Annual Pereernaga Rate which occurs while principal and interest payments are deferred will increase the amount of all future payments. Any increase in the index and the Annual Percentage Rate which occurs after you have begun to make principal end interest payments on your loan will increase the amount of your future principal and interest payments beginning with your next annual payment ai justmcnt date. For example, assume you obtain a loan in your junior year, in the amount of 510.000 of an interest rate of I I %, and you defer principal and interest payments until after your graduation, and the repayment term of the loan is 20 years. If the interest rate increased to 12% on January lot of your senior year, the interest which accrues while principal and interest payments arc deferred will increase by $75.11, and your monthly principal and interest payments would increase by $9.05. SECURITY: You have given a security interest in all refunds or amounts owed to you at any lime by the student's educational institution. Collateral securing other loans with the Lender may also secure this loon. LATE CHARGES: If a payment is more than 15 days late, you may be charged $5.00 or 5% of the payment, whichever is less. If you default, Lender (or subsequent holder of your Loan Note) may increase the margin used to compute the Annual Percentage Rate by two percentage paints (2 %). PREPAYMENT: if you pay off early, you will not have to pay a penalty. See your contract documents for any additional information about non - payment, default, any required repayment in full before the scheduled date, any security interest, and prepayment refunds and penalties. Estimates: All numerical disclosures except the late payment disclosure are estimates. Principal Amount of Note (Amount Financed plus Prepaid Finance Charge) S 3,291.37 itemization of Amount Financed Amount paid to ACADEMY OF MEDICAL ARTS & BUS and S Amount paid to BASIC SEAp $ 3,242.00 Total Amount Financed S 3 ,242.00 Itemization of Prepaid Finance Charge Origination or Guarantee Fee $ 49.37 Other Fees Paid (see yours contract) S Total Prepaid Finance Charge(s) S 49.37 9f your Loan is disbursed in multiple advances, the noathly payment amount disclosed in the payment schedule reflects only that monthly payment necessary to repay this advance. *1 he actual total monthly payment an your Loan will be based on the sum of all advances under your Loan Note and will be disclosed to you before your Loan mtera repayment. Your minimum total monthly payment will be at least $25.00 each month or the entire loan Bala me whichever is less. TMKre] OW M CISCDP Teri Undergraduate Loan File Copy NOTE DISCLOSURE STATEMENT $ 3,291.37 Borrower(s) 13ASIC SEAD 03078244A DAV BECfROVIC Loan No. Student: BASIC SEAD Date: December 2, 2005 BASIC SEAD Lender Name and Address: 4101 F BEECH WOOD LANE �ITI7ENS BANK QF RHODE, ISLAND HARRISBURG, PA 17112 ONE CITIZENS PLAZA PROVIDENCE, RI 02903 This disclosure statameni relates to one or more advances on your Loan Note disbursed on December 2, 2005 Because your Loan is either being disbursed in whole or in part, or is entering repayment, or the repayment terms are being modified, the following information about your Loan is being given to you. ANNUAL PERCENTAGE RATE FINANCE CHARGE Amount Financed Total of Payments The cost of your credit as ■ The dollar amount the credit The amount of credit provtc -d The amount you will have paid after yearly rate. will cost you. to you or on your behalf. you have made all payments scheduled. 6.628 % $ 2.983.60 $ _ _ 3,242.00 $ 6.225.60 Your uayrnent schedule will be: Numbcr of Payments Amount of Payments* When Payments are due 240 $ 25.94 On the 1st day of each month beginning on 1212006 VARIABLE RATE: The Annual Percentage Rate, which is based on on index plus a margin, may increase during the term of the loan ifthe index rate increases. The index is (check one): [� Prime Rate Index Adjusted Monthly - The highest U.S. bank prime rate published in the "Money Rates" section of !h Watl Srreat J py[pgj on the lost business day of each calendar month. �] Prime Rate Index Adjusted Quarterly -The highest U.S. bank prime rate published in the "Money Rates" section of The Wall Street Journal on the last business day of each calendar quarter (if the Lender identified above is Citibank ( New York State ), the index will be the highest U.S. Bank prime rate published in the "Money Rates" section of The Wall Street Journal on the date which is 30 days prior to the first day of each quarter). L LIBOR Ind" Adjusted Quarterly - The average of the one-month London Interbank Offered Rates published in the "Money Rates" section of The WsHlKeet Journal on the first business day of each of the three (3) calendar months immediately preceding the first day of each calendar quarter. Any increase in the index and the Annual Percentage Rate which occurs while principal payments are deferred will increase f the amount of any current and all future payments. Any increase in the Index and the Annual Percentage Rate which occurs while i principal and interest payments ere deferred will increase the amount of all future payments. Any increase in the index and the Annual Percentage Rate which occurs after you have begun to make principal and interest payments on your loan will increase the amount of your future principal and interest payments beginning with your next annual payment adjustment dote. For example, assume you obtain a loan in your junior year, in the amount of $10,000 at an interest rate of 11%, and you defer principal and interest payments until after your graduation, and the repayment term of the loan is 20 years. If the interest rate increased to 12% on January 1st of your senior year, the interest which accrues while principal and interest payments are deferred will increase by $75.11, and your monthly principal and interest payments would increase by $9.05. SECURITY: You have given a security interest in all refunds or amounts owed to you at any time by the student's educational institution. Collateral securing other loans with the Lender may also secure this Loan. LATE CHARGES: If a payment is more than 15 days late, you may be charged 55.00 or 5% of the payment, whichever is less, If you default, Lender (or subsequent holder of your Loan Note) may increase the margin used to compote the Annual Percentage Rate by two percentage points (2 1 /6). i PREPAYMENT: If you pay off early, you will not have to pay a penalty. See your contract documents for any additional information about non - payment, default, any required repayment in full before the scheduled date, any security interest, and prepayment refunds and penalties. Estimates: All numerical disclosures except the Into payment disclosure are estimates. I Principal Amount of Note (Amount Financed plus Prepaid Finance Charge) S 3.291.37 Itemization of Amount Financed Amount paid to ACADEMY OF MEDICAL ARTS A BUS and _ S_ Amount paid to _BASIC SEAD S 3.242.00 Total Amount Financed $ 3,242.00 Itemization of Prepaid Finance Charge Origination or Guarantee Fee S 49.37 Other Fees Paid (see yours contract) S Tow Prepaid Finance Charges) S 49.37 $If your Lon Is disbursed in muhiple sdvanaa, the monthly payment amount disclosed in the payment schedule Mkcts only that monthly payment neccasary to repay this advance. The actual tool monthly payment on your Loan will be tw ed on the sum of alt advances under your [Aaa Note and will be disclosed to you bafore your Loon eaters rcpaymant. Your minimum total monthly payment will he at least $75.00 each month or the entire loan balance whichever is Ins. TanK Vol vr37 CISCDP Teri Undergraduate Loan Flit Copy 1 � • �620� 091114 ; t " Coa/ ned CEL " Loan Requesli/Credit A reement -- Signature Page NOWNEGOTIABLE CREDIT AGREEMENT THIS IS A CONSUMER CREDIT TRANSACTION LOAN PROGRAM INFORMATION TERI Continuing Education Loan Lender. Citizens Bank of Rhode island School: ACADEMY OF MEDICAL ARTS & BUS Loan Amount Requested: $8485.00 Academic Period: 0712005- D712006 Deferral Period Margin: 3.5 Repayment Period Margin: 3.5 Loan Origination Fee Percentage: B.5o STSIDENT BORROWER INikogMION (Must be at least 10 yem of pgey f Borrower Name: Seal Basic Home Address: 4101 F Beachwood lane Harrisburg. PA 17112 Social Security #: 118.864764 Date of Birth: 04/08/1958 Home Telephone: 7173795898 Sa+dent Cititenstdp (chart one box): 10 U.S. CKIM 13 Oglble NmtZNtzen ( ASach kont 9 beck copy of CIS or student visa car) Nola: Personal rsManoe name and address cannot match that of Ne Oos"r. Patio" Reference Name: R[nald NiAhv Releronce Honks Tel #: (717),279.177D Wort Tel fk Reference Street Address 3 f 1 Nnrth Frmt Sbaat Refc:ratee City /StstefZip: Harrisburg, PA 17110 _ _ — COSIGNER INFORMATION (Myst be at, least 18 ye4M9f agq) _ Cosigner Name: David Beoiro* Home Address: 1672 Ouall Drive Carlisle, PA 17013 Social Securlty #:170 -7 &1524 Date of Birth: 05/11/1957 Home Telephone: 7172586735 r He" you aver defaulted on a studetq Ioan or declared bankrupicyJ 0 No 13 Yes Current Employer. PA DEPT OF REVENUE Employer Tebptwns: 7070156110 ; Cement Position: Other Yom There: 2 Years , 1 Yom at Previmit Employment: Allmorty, child support, or saparsta matreena nco Incomes do not have to be revealed If you do not went them considered for rsvaying this obtigallon. If you are relying on such addltkml Income, plssne provide dstalis on a separate sheet of paper. Cosigner Citkori p (chart one box): Ill U.S. Cititert El ElVblo Nat•Gllten {Attach ft nt d bee: oepy of.CIS) I Note: Petsonel reference name address cannot end addre canna that match of the S1udeM. Personal Reference Name: givan Flannken Reference Home Tel N (j)j) 20Zj77. Work Tal it.- fit Reference Steel Address: 5e Stitill 18 ' L •• ' i Reference CltyfStal dZip: By my signature. I canny that 1 hove wad, wtdcratand and agree to the terms or and utdauka the obligations sot forth on all four (41 pelts of this Loath RequestlCrodN Agrccm % C1.05- 46.CLCO.I OSC.OiOS ("Cmdtt Agdcemcnf 1. t wdeswnd that any Person who knowingly makes *false swument or misrcpresartulm on dais.form is subject io penalties, which may inclade Ihies w imprisonmcm, This Credit Agreement is signed under ieaL I uhdcrahand rhos [ am sot tryuitod to fees ttry signtuue on nor to sign electronically this Credit Agreement and Any rdsted notices tiwt require signature. If I dwic to ran my signature on or to sign ebeaonicarty this credit Agsecmrnt and any related notices that require signaturc, l intend: (t) any W or eiccoonie sigtmun: to be an electronic signaturo underapplicable fodcrol and sate law, (ti) any faa printout or printout of l eoder's clectwnie record of dais CrodO A greemttu ad related notiacs to be an original doeamcnt. (d) to conduct bwiness with the Lender by ekcamic records and electronic signalwcs. and (iv) that this Credit Agreement will no be governed by Article 3 of the Unironn Commerc isl Codc, and my obligations under this Credit Agreement will dot be subjoct to, but any transfer of my obligations wilt he subject to. Anlele 9 of the Untform Commercial Code. FOR ALABAMA RESIDENTS CAUTION —11T IS IMPORTANT THAT YOU THOROUGHLY READ THE CONTRACT BEFORE YOU SiGN IT. FOR WISCONSIN RESIDENTS NOTICE TO CUSTOMER: {a) DO NOT SIGN THIS CREDIT AGREEMENT BEFORE YOU READ THE WRITING ON THE FOLLOWING PACES, EVEN IF OTHERWISE ADVISED. (b) DO NOT SiGN THIS CREDIT AGREEMENT IF IT CONTAINS ANY BLANK SPACES. (C) YOU ARE ENTITLED TO AN EXACT COPY OF ANY AGREEMENT YOU SIGN. (4) YOU HAVE THE RIGHT AT ANY TIME TO PAY IN ADVANCE THE UNPAID BALANCE UNDER THIS CREDIT AGREEMENT AND YOU MAYBE ENTITLED TO A PARTIAL REFUND Of E FINANCE CIiARGB. PLEASE SIGN BELOW — BIUWIIN This Page FAX TO: 000.7049409. i Signature of Borrower ! Date 02 1V 0 ,1 ' BY SIGNING THiS CREDIT AQREEM BELOW, I CERTIFY THAT I INTEND TO (1) APPLY FOR JOINT CREDIT AND (1) BF PJ TLY LIABLE WITH THE BORROWER FOR THIS LOAN, Signature of Cosigner � Oats CIA$- 0,CLCO.I0SC.0103 I ors PNM_ CI_ WM_CLCO.F_7(_6ASICJ1tMO78411.Pdf BORROWER COPY CISCUF �G i;CatiONC.) Arc, 014 APR --9 AN 5 CWIRERL AND COLIN T F'ENNS YLVA PROOF OF SERVICE OF NOTICE OF APPEAL AND RULE TO FILE COMPLAINT (This proof of service MUST BE FILED WITHIN TEN (10) DAYS AFTER filing of the notice of appeal. Check applicable boxes.) COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND ; ss AFFIDAVIT: I hereby (swear) (affirm) that I served Ea a copy of the Notice of Appeal, Common Pleas No 14-1619-CT, upon the Magisterial District Judge designated therein on (date of service) , 04/01, 2014, J by personal service j by (certified) (registered) mail, sender's receipt attached hereto, and upon the appellee, (name) DAVID BECIROVIC , on 04/01, 2014, J by personal service jJ by (certified) (registered) mail, sender's receipt attached hereto. SWORN (AFFIRMED) AND SUBSCRIBED BEFORE ME THIS 01 ST DAY OF April, 2014 Signature of oYliciaI before whom affidavit was made COMMONWEALTH OF PENNSYLVANIA Notarial Seai kisa Mattern, Notary Public City of Scranton, Lackawanna County My Commission Expires Sept, 19, 2017 MEMBER. A1SQ(.1/.4.TION OF NOTARIES Title of official My commission expires on AOPC 312A - 05 20 17 r1 7012 U.S. Postal ServiceTM CERTIFIED MAILTM RECEIPT (Domestic Mail Only; No Insurance Coverage Provided) For delivery information visit our website at www.usps.coma OFF;CAL Postage Certified Fee Return Receipt Fee (Endorsement Required) Restricted Delivery Fee (Endorsement Required) Total Postage & Fees Postmark Here U.S. Postal ServiceTM CERTIFIED MAILTM RECEIPT (Domestic Mail Only; No Insurance Coverage Provided) For delivery information visit our website at www.usps.comr Postage Certified Fee Return Receipt Fee (Endorsement Required) Restricted Delivery Fee (Endorsement Required) Total Postage & Fees Postmark Here Sent To Ca . C-6‘11C- Street, Apt. No.; , or PO Box No. 219 0- 1 a I 11161-13 0264C City, State, ZIPt4 Lttsgs. PS Form 3800, August 2006 See Reverse for Instructions (3 00(-119 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA NATIONAL COLLEGIATE STUDENT LOAN TRUST 2006 -1 vs. DAVID BECIROVIC : CIVIL ACTION Plaintiff : : NO: 14-1619-CT Defendant : CERTIFICATE OF SERVICE I, Michael F. Ratchford, Esquire, hereby certify that on April 8, 2014 the below named District Justice received and signed for the certified mail containing the Plaintiff's Notice of Appeal of the District Justice Judgment. District Court 09 -1 -03 Honorable Richard S. Dougherty District Justice 98 S. Enola Dr. Suite 1 Enola, PA 17025 Edwin A. Abrahamsen & Associates, P.C. BY M'' ael F. Ratch ord, Esquire Attorney I.D. No.: 86285 120 N Keyser Avenue Scranton, PA 18504 (570) 558 -5510 re SENDER: COMPLETE THIS SECTION • Complete iterris"1, 2, and 3. Also complete item 4 if Restricted Delivery Is desired. • Print your name and address on the reverse so that we can return the card to you. • Attach this card to the back of the mailpiece, or on the front if space permits. • Article Addressed to: tiO-S )Ii F4t04,f705 pi300,43q 2. Article Number (Transfer from service 1860 PS Form 3811, February 2004 COMPLETE THIS SECTION ON DELIVERY D. lsdli ery add different from item 1 Yes If YES, enter delivery address below: 0 No 3. Service Type EgiCertlfied Mall 0 Registered 0 Insured Mail 0 Express Mall CI Return Receipt for Merchandise 0 C.O.D. 4. Restricted Delivery? (Extra Fee) 0 Yes _ ?CIE 21,t1 00011 61130 i4?6 1 • Domestic Return Receipt 102595-02-M-1540 National Collegiate Student Loan Trust 2006 -1 c/o NCO Financial Systems Inc. 5100 Peachtree Industrial Blvd Norcross, GA 30071 Plaintiff v. David Becirovic 214 Hummel Ave Lemoyne, PA 17043 Defendant : IN THE COURT OF COMMON PLEAS OF : CUMBERLAND COUNTY, PENNSYLVANIA : CIVIL ACTION — LAW : NO. 2014-1619 CIVIL T t VP N -r, C, M sue •• (. PRELIMINARY OBJECTIONS OF DEFENDANT AND NOW, comes the Defendant David Becirovic, by and through his attorneys, Turo Robinson Attorneys at Law, and files Preliminary Objections. Demurrer 1. Plaintiff National Collegiate Student Loan Trust 2006 -lc /o NCO Financial Systems Inc. filed a Complaint in the Court of Common Pleas, Cumberland County on March 20, 2014, which was served on Defendant David Becirovic on April 8, 2014. 2. Plaintiffs' Complaint fails to state a claim upon which relief may be granted and Defendant demurs to Plaintiffs' complaint. 3. The Defendant as co- signer of the promissory note should not be responsible for the debt of the principal because under federal law student loan debt should be discharged when the principal dies. 4. Alternatively, the Defendant as co- signer of the promissory note should not be responsible for the debt of the principal because the Defendant is permanently disabled and is a public employee. Wherefore, for all the above reasons Plaintiffs' have failed to state a claim upon which relief may be granted and the Complaint should be dismissed with prejudice. Date Respectfully submitted, TURO ROBINSON Attorneys at Law Daniel L. Puskar, Esquire Supreme Ct. No. 311444 129 South Pitt Street Carlisle, PA 17013 (717) 245-9688 Attorney for Defendant National Collegiate Student Loan Trust : IN THE COURT OF COMMON PLEAS OF 2006-1 c/o NCO Financial Systems Inc. : CUMBERLAND COUNTY, PENNSYLVANIA 5100 Peachtree Industrial Blvd Norcross, GA 30071 Plaintiff • : CIVIL ACTION — LAW v. : NO. 2014-1619 CIVIL TERM David Becirovic 214 Hummel Ave Lemoyne, PA 17043 Defendant CERTIFICATE OF SERVICE I hereby certify that I served a true and correct copy of the foregoing Preliminary Objections on Michael F. Ratchford, Esquire, by depositing the same in the United States Mail, first class, from Carlisle, Pennsylvania, addressed as follows: 14 0 ill Michael F. Ratchford, Esquire 120 N. Keyser Ave Scranton, PA 18504 TURO ROBINSON Attorneys at Law Date Daniel L. Puskar, Esquire Supreme Ct. No. 311444 129 South Pitt Street Carlisle, PA 17013 Attorney for Defendant VERIFICATION I verify that the statements made in the foregoing Preliminary Objections are true and correct. I understand that false statements herein are made subject to the penalties of 18 Pa.C.S. §4904 relating to unsworn falsification to authorities. 04- / #1- Date David Betifovic National Collegiate Student Loan Trust : IN THE COURT OF COMMON PLEAS OF 2006 -1 c/o NCO Financial Systems Inc. : CUMBERLAND COUNTY, PENNSYLVANIA 5100 Peachtree Industrial Blvd Norcross, GA 30071 Plaintiff CIVIL ACTION — LAW v. : NO. 2014-1619 CIVIL TERM David Becirovic 214 Hummel Ave Lemoyne, PA 17043 Defendant NOTICE TO: National Collegiate Student Loan Trust 2006 -1 c/o NCO Financial Systems Inc. YOU ARE HEREBY NOTIFIED TO PLEAD TO THE ENCLOSED PRELIMINARY OBJECTIONS WITHIN TWENTY (20) DAYS FROM SERVICE HEREOF OR &DEFAULT JUDGMENT MAY BE ENTERED AGAINST YOU. Daniel L. Puskar, Esquire 11 A OS _-'_--~~~~ . Lim Bast .., Dall I Lower Paxton Community Gel . , White � two pedal efees el lie I& 1 RI 0011111,41 be* el ' 14 aeltuln lima Pox i 1 ' ate ore ...041 ft J ,:.j., direummtkupeam 17101 f: 4101 F Eeectmcd Di. Harrisburg, PA. Otoorg m. eft Permaylvania luiN 1,..ctut,„,0.34, bower Paxton up Olt Wog c Hoo pa stet moida fatomboollo Boo OW MOO I taw to tit . El NO Moo on. ioi ro' 0 Potosi* ow Mon dam 1::::1 laap.p.timunntragNarorl id Li Ilo thoo la ma mows aCt O. 0 le Wee Mein= elk :-: Rower? C., MOM rforlsCaottleo dealt 00o0 Ilittoololoop all *owe IN ttlkwooct)solooarno 'Md. 0 October 17, 2009 . 22) Varna S. SEP -11 -2012 TUE 01:37 PM I lq S(07 .y? �1 NOTE DISCLOSURE STATEMENT $ 3,291.37 Borrower(e) BASIC SEAD 03078244A Loan No, BASIC SEAD 4101 F BEaEC)IWOOD LANE HARRISBURG , PA 17112 FAX N0. P. 03 DAVID BECIROVIC Student: BASIC SEAD Date: December2, 2005 tinder Name and Address: CFFIZENS RANK OF RHODE. IS .hj_yjZ ONE CITIZENS PLAZA PROVIDENCE; 9I 02903 Thli disclosure statement relates to one or more advances on your Loan Nate disbursed on December 2, 2005 Because your Loon Is either being disbursed in whole or in pan, or Is entering repayment, or the repayment tents are being modified, the following inlbrmatian about yourLoan is bclrtg given w you. ANNUAL PERCENTACE RATE The cost ofyottr credit asa Yearly Me. 6.628 ,64 FINANCE CHARGE 11a dollar oxidant tttecredit will east you. $ 2,983.60 Amount Phtanced Th* amount a rem ditpmvitted to you or on your behalf. $ _. 3,242.00 Total of Payments The amount you wlllhaw, patdaltar you have mode all payments scheduled. $ ___41,225,60 Your nyment schedule will be: Number of Payments Amount of Payments" When Payments ate ctuc 240 $ 25.94 On the lst day preach month beginning on 1212006 VARIABLE RATE: The Annual Pareentage.Rate, which is based an an index plus a margin. may increase during the tens of the loan if the index rate increases. The'index is (check one): 0 Prime Rate Index Adjusted Monthly • The highest U.S. bank prime rate published in rift "Money Rates" section of TTba Wail Stmt loitrnat on the last business day of each calendar month. 0 Prime Rate Index Adjusted Quarterly -The highest U.S. bank prime rate published in the "Money Rates" section of The well Sired Jana' on the last busMas day of each calendar gunner (if the Lender identified above In Citibank ( New York State ), the index will be the highest U.S. Bmik prime rate published in the "Money Rates" section of The Well Street Journal on the date which is 30 days prior to the first'day of each quarter). Ag LIBOR Index Adjusted Quarterly - The average of the one -month London Interbank Offered Rata published in the °Money Rotes" section of The Well Street ,bp{�gl on the first business day of each of dhe three (3) calendar months immediately preceding the first day of each calendar quarter, Any increase in the index and the Annual Percentage Rate which occurs while principal payments are deferred will increase the amount of any current and all future payments. Any increase In the Index and the Annual Percentage Rate which occurs while principal and interest payments ore deferred will increase the Amount of all Mare paymeua, Any increase in the index and the Annual Percentage Rate which occurs alter you have begun to make principal and Interest payments on yaur loan will increase the Amount of your future principal and interest payments' beginning with your next annual payment adjustment date. Far example, assume you obtain a loan in your junior year, in the amount of 510,000 at an interest rate of 1195, and you defer principal and Interest payments until after your graduation, and lite repayment term of the loan is 20 years. lithe interest rare increased to 12% on January Ist of your senior year, the interest which accrues while principal and interest payments are deferred will increase by $75.11, and your monthly principal and interest payments would increase by $9.0$. SECURITY: You have given o security interest in all refunds or amounts owed to you of any time by the students educational institution. Collateral securing other loans with the Lender may niao secure this Loan, LATE CHARGES: If a payment Is more than 15 days late, you maybe charged 55.00 or S% of the payment, whichever is less. If you default, Lender (or aubsegamt holder of your Loan Nom) may increase the margin used to compute the Annual Percentage Rate by two percentage paints (2%). PREPAYMENT: If you pay off early, you will not have to pay a penalty. Sae your contract documents for any additional information about nonpayment, default, any required repayment in full before the scheduled date, any security interest. end prepayment refunds and penalties. Fatima(=; All numerical disclosures except thc late payment disclosure are estimates. Principal Amount of Note (Amount Financed plus Prepaid Finance Charge) $ 3,291.37 hemiaalien of Amount Financed Amount paid to ACADEMY OF MEDICAL ARTS & BUS and $ Amount paid to • BASIC SEAD S 3,242.00 Toil Amount Financed S 3242.00 Itemirntion of Prepaid Finance Charge Origination orGuermtce Pee $ 49.37 Other Fees Paid (see yews cannot) $ Total Prepaid Pinanee Chnrae(s) 5 49.37 "If your Loon Is disbursed in moldptc advancer, the mmuhly payment amount dlieloscd In thc payment schedWm reams anty that monthly puymcnt Imemory a repay advance. The aahlal local monthly payment on your teen will he hazed on the EOM of an advances under your Lean Note and wilt be disclosed to you beam year Loan mums repayment. Your minimum fatal monthly payment will he at least $25.0Omch month or the teem loan balance whichever 15 ten. TRAK mil am rt CISCbP Teri Undergraduate Loan File Copy SEP -11 -2012 TUE 01:38 PM FAX N0. P, 04 * Cosigned CEL * Loan RequestlCredlt Agreement Signature Page NQN.NEGOTIABLE CREDIT AGREEMENT — THIS IS A CONSUMER CREDIT TRANSACTION LOAN PROGRAM INFORMATION TERI Conti uing_(✓ducation Loan Lender Citizens Bank of Rhode Island School:ACADEMY OF MEDICAL ARTS & BUS Loan Amount Requested: $6485,00 Academic Period: 0712005- 07/2006 Deferral Period Margin: 3.5 Repayment Period Margin: 3.5 STUDENT BORROWER INFORMATION (Must ba at least 18 year of age) Borrower Name: Sad Basic Home Address: 4101 F Beechwood Lane Harrisburg. PA 17112 Social Security #:119- 86.4764 Loan Origination Fee Percentage: 6.50 Date of Birth: 04108/1958 Home Telephone: 7173795898 Student Citizenship (check one rem): XI U.S. Citizen Q Eligible Nen-Citizen (Attach front & back copy of CIS or student visa card) Nate: Personal reference name end address cannot match that of theme Home Tel #: (1171238 -1170 Work Tel # _ Personal Reference Name& 10 IQI� Reference Street Address' 371.•1 North Front Street Reference City/Statc/Zip: �lo'g, PA 1 T110 _ COSIGNER INFORMATION (Must be at least 18 years of age) Cosigner Name: David Beclrovic Home Address: 1672 Civall Drive Carlisle, PA 17013 Social Security #:170- 78-1524 Date of Birth: 05111/1957 Horne Telephone: 7172586735 Have you ever defaulted on a student loan or declared bankruptcy? I� No Q Yes Current Employer: PA DEPT OF REVENUE Employer Telephone: 71771156170 Omani Position: OWE Yeats There:2 Years Years at Previous Employment: Alimony. child support, or separate maintenance Incomes do not have to re revealed if you 00 not want them considered for mpaying this obligation. if you are relying on such additional Income, please provide details on a separate shoat of paper. Coedgner Citizenship (cheek one box): IN U.S. Citizen D Eligible Non-Citizen (Attach front & back copy of CIS) Note: FersOnal reference name and address cannot match that of the Student Personal Reference Name: Susan Flongi rnn Reference Homo Tel #: (711)7d9.7a7 _— Wont Tel #: Reference' Street Address:, 59 Sl:iltl avamrn_. Reference C iState/Zip: By my atgrwure. t certify that t have mad, understand end ogee to the terms of and undcrtnke the obligations set forth on all four (4) pages of this Loan RcqucstA icdit Agreement Ci.OSO6.CLC0.tOSC.0105 ("Credit Agreement"). 1 undersand that any paten who luawingly makes n false swument or misrepresentation on this fora is subject to penalties, which may include fines ar imprisonment. This Credit Agreement is signed under seal. 1 understand that i em not requited to fax my signature on nor to sign electronically this Credit Agreement and any.v`tated notices that require signature. If I choose to fax my signature on or to sign electronically this Credit Agreement and any related notices that require signature, I intend: Many fax or electronic signature to be an electronic signature under applteable federal and state law. (ii) any fax pintail or printout of Lender's clectronie motel of this Credit Agreement and related notices to be on original document. (iii) to conduct business with the Lender by electronic records and electronic aigoatures, and (iv) that this Credit Agreement will not be governed by Article 3 attic Unifomt Commercial Code, and my obligations under this Credit Agreement will not be subject to, but any transfer of my obligations will be subject to. Article 9 of the Uniform Commercial Code FOR ALABAMA RESIDENTS: CAUTION — 11' IS IMPORTANT THAT YOU THOROUGHLY READ THE CONTRACT' BEFORE YOU SIGN iT. FOR WISCONSIN RESIDENTS: NOTICE TO CUSTOMER: (a) DO NOT SIGN THiS CREDIT AGREEMENT BEFORE YOU READ THE WRITING ON THE FOLLOWING PAGES, EVEN tF OTHERWISE ADVISED. (b) DO NOT SIGN THiS CREDIT AGREEMENT IF IT CONTAINS ANY BLANK SPACES. (c) YOU ARE ENTITLED TO AN EXACT COPY OF ANY AGREEMENT YOU SIGN. (d) YOU HAVE THE RIGHT AT ANY TIME TO PAY IN ADVANCE THE UNPAID BALANCE UNDER THIS CREDIT AGREEMENT AND YOU MAY BE ENTITLED TO A PARTIAL REFUND OF THE FINANCE CHARGE. PLEASE SIGN BELOW — RN This Pane Wft t Pr 4Llncoin Enroltmant — FAX TO 800 - 704-9408. ' o Signature of Borrower l '1`�` Date 0 %/ /S r ar- » atu BY SIGNING THIS CREDIT AGREEMENT BELOW, 1 CERTIFY THAT 1 INTEND TO (1) APPLY FOR JOINT CREDIT AND (II BED Y LIABLE WITH THE BORROWER FOR THIS LOAN. Signature of Cosigner Date 1 + f7 CI.e5�e6CLCO.IOSC.OIOS 1 of 5 COSIGNER COPY CISCSF PNC9 CI OB_Ci.CD _FXBASICJ1101078244.pdf SEP -11 -2012 TUE 01 : 38 P FAX NO. P. 05 n Request/Credit Agreement — Signature Page NON-NEGOTIABLE CREDIT AGREEMENT — THIS IS A CONSUMER CREDIT TRANSACTION LOAN PROGRAM INFORMATION TERI Continuing Education Loan Lender Citizens Sank of Rhode Island School: ACADEMY OF MEDICAL ARTS & BUS Loan Amount Requested: $6485.00 Academic Period: 0712005. 07(2006 Deferral Period Margin: 3.5 Repayment Period Margin: 3,5 Loan Origination Fee Percentage:6.50 STUDENT BORROWER INFORMATION (Must be at least 18 years of age) Borrower Name: Sead Basic Home Address: 4101 F Beachwood Lane Harrisburg, PA 17112 Social Security #:119- 86-4764 Date of Birth: 04/08/1958 Home Telephone; 7173795898 Student Citizenship (check ate boat): m US. Citizen 0 Eligible Non-Citizen (Allah front & back copy of CIS or student visa card) Note: Personal reference panne and address cannot match that of the Cosigner. Personal Reference Name: Ronald Kirby Reference Hann Tel* (717) 238 -1770 Work 70I 0: Reference Street Addtetec 9211 Nnnh FmetSttagt Reference City /State/Zip: I tamsetq, PA 17110 COSIGNER INFORMATION (Must be at least 18 years of ego) Cosigner Name: Oavtd Bedrovic Home Address: 1872 Qua Drive Carflsle, PA 17013 Social Security #:170 -78 -1524 Date of Binh: 05/11/1957 Home Telephone: 7172586735 Have you ever defatmed an a student loan or declared banlauptcy? 171 No 0 Yes Currant Employer. PA DEPT OF REVENGE Employer Telephone: 7177058170 Current Poslgen: Other Years There: 2 Years Years at Prevlars Employment• AIImowy, ohlld suppatt, or separate maintenance Incomes do not have le be revealed 11 you do not want them cenelderod for mental; this obligation. If you am relying on such addltonei Income, please ptovldo dalaile en a imposers sheer of paper, Cosigner Cigensblp (cheek one boat): II U.S. Citizen 0 Eligible Nen-Citizen (Attachfront B back copy of CIS) Note: Personal reference name and address cannot match Mat of the Student. Personal Reference Name' Syei» Flanniime Reference Hume Told: (717) 74k77Tr Work Tel tr_ Reference Street Address: Se State Avenue Reference CitylSlatalZip-•_Sadi n By my signature, 1 certjfy flat I have lead, understand and agree to the terms of and undertake the obligetions sot fonh an all four (4) pops of this Luce Regoat/Cmdh Agreement C1A5-06.CLCO,IOSG0I05 ("Credit Agreement "), 1 =rimmed brat any person who knowingly naked a faire statement ar misrepresentmron on dtis farm u subject 10 penanica, which may include fines or imprisonment. This Credit Agreement is signed under seal. I understand butt 1 am oat required to fax my signature on nor to sign electronically this Credit ApLZment and any related notices that require signature. If 1 choose to far my sigrmauo on or to sign 1,s c mtically chit Credit Apoamcnt and any related notices that require signature, I intend: (i) any fax or electronic signature to bean dementia nia signature corder wheel federal and store law, (IL) any far printout or printout of Lenders electronic record of this Credit Agreement and related notices to bc an original daaumenl, (iii) a halter business with the Lender by electronic records and electronic signatures, ow (Iv) chi this Credit Agreement will not be governed by Article 3 of the Uniform Obmrrrereinl Code, and my obligations under this Cndt Aglccmcnt will not be subject to, but any transfer elm obligations well bc subject to, Article 9 oldie Uniform C fmmmcreial Code. FOR ALABAMA RESIDENTS: CAUTION — IT IS IMPORTANT THAT YOU THOROUGHLY READ THE CONT BEFORE YOU SIGN IT. FOR WISCONSIN RESIDENTS: NOTICE TO CUSTOMER: (a) DO NOT SIGN THIS CREDIT AGREEMENT BEFORE YOU READ THE WRITING ON THE FOLLOWING+ GES, EVEN IF OTHERWISE ADVISED. (b) et0 NOT SIGN THIS CREDIT AGREEMENT IF IT CONTAINS ANY BLANK SPACES. (e) YOU ARE ENTITLED TO AN EXACT COPY OF ANY AGREEMENT YOU SIGN. (d) YOU HAVE THE RIGHT AT ANY TIME TO PAY IN ADVANCE THE UNPAID BALANCE UNDER THIS CREDIT AGREEMENT AND YOU MAY BE ENTITLED TO A PARTIAL REFUND OF THE FINANCE CHARGE. PLEASE SIGN BELOW - Signature of Borrower mil. : , le • "a• With • • ut= •ot _kit U't FAX TO; 800- 7043408. Date BY SIGNING THIS CREDIT AGREEMENT BELOW, 1 CERTIFY THAT 1 INTEND TO (1) APPLY FOR JOINT CREDIT AND (I ttiE JOI Y LIABLE WITH THE BORROWER FOR THIS LOAN. Signature of Cosigner Date oi- 14" - 0 c 01.05- 06.CLCO.10SC.0105 LENDER COPY PN03_CI_05.06_CLCO F_X BASIC.A103078244,pdf CISCDF SEP -11 -2012 TUE 01:39 PM In this Credit Agreement the words 'I', me'. 7rryr, and biro' mean ft peheah(e) rate algrled Ode Creed Agreement ea Bonowe r end Dosignor. Pia wards you', Nate, 'pas', end lender mean Cacao Bank al Rtrode bbnd, Os successors and aulgrm, and any o !Odd ofgdsGOdOAgnianett idlod" means theOdteol named at the tap of to Nat page of tits Druid Agmemertt Te'smvlcor means Me tandems madly designates to smite my ban. A PROMISE TO PAY: 1 pulse 0apay to you mopit :Opalsomofthe Loan Amount Repealed ahmmon the Ord page dills Coca Agaw m", to the extent Itls advanced to me orgeld on my behalf, and any Lean thiglnatian Fee added to my lean (see Proemial F ) Minded Semi, Oast on such Pdndpal Sum, hdend en any untold Interest addedtothePiac ipalSmrtend latefees(seaParagraphE.6). B. IMPORTANT- READ THHIs cAREFULLY: 1. When you receive my sighed Ctdl Agreement, you are mat ogreohng b lead ore money. ((you deride to make a leen to me, you wR eltdranlwly transfer the faun funds to the Schaal fame, mall a loan died( to the 5dnd for ma, or mall a (oan check directly tome. YouhivetherighttonotmakeabanarlohardonOrhounitoss than the Loan Amount Requested. I agree to amp( m amount Ism than be Lean Amount Requested and ea repay Oat peace al the Lean Amount Requested that you =WI tend to me. Yau have t e rigid b fauna my loan trough en agom. At your ado, you may eft stake any leen check aopayable tome and the Cosigner of b me tad Om Schaal. 2. HOW I AGREE TOME TERMS OF THIS LOAN. ey Owing RJeciao Agreement aid submitting nil fe the tender, l am ragenctIng !halm make this loan b meta an mount equal to to Lean Mourn Requested Ors any teen Odgatation Fee described In Paragraph Fa(this Crud Agreement N you approve Mm request taus agree to make Mrd ban. you ad Miry msIn tang andprovidemo Oh aDbdosure Statement as requked by taw, et to time Me roan Moe am aloud 11re Dledosme Statement Isboarpamed here byr breaaeandmadeaparthemat. The DLvdaaum Statement die mime to mourn af the ban which you have ap Oro wreaNd dew Leen Origbad n Fee. and direr lmparmnt.Infomrd ten. I w i i tat you knew deal I epee to the Wmt3 01 the Wet en eat OM In MsCru l Aweamadt end In Me Oisdosum Statement by doing deer of the falledng alladng the proceeds depositing a the check thel by behe�Vef the Studds wdtout�aoon. Upon ee0efpl dale Oledosure 5iatement I nil review he Oisdosure Statement and oak you writing SI have any quoddone. 0 I am not at>asTad with to tams al my loan as disdasad N he Disclosure StNem t. I may anal my ban. To canmf my Ln,1 wW give yaoa replant cano'tgallai Isdlo dlen ten (10) days after I mmhee the Methane Statement, O loan preceeds hoe been dhbuuned ,I agree that )wUlimmediately Men the kiln p pomade to you, wnl not endorse any deck stitch disburses Oho loan proceeds end %C htsbuctte Schou to return a ryban pmrouds to you. 111 g)+'e Wee ofcanoeaalott MO nal comply legit Om requirements*? fhb Paragraph 82 this Colt Agreernael wiling he aaaxled mid t del be in delsell of this Coll Agreement (See Paragraph L) C. OEFOII'RONS; 1, 'Diebgrsament Date' mean to data et dates on Witch you fond money to me fn andlenalan tomyQedit Agreementstdanaltothedates )tdnownananyloan check you prepare or Die date(a) you Initem any efecbedc foes transfer. 2. The "Defame nt Period' wll bead an the Disbunament Darr and and m the Determent End Data. 3. 'Deferment End Date' has Iho beading meaning: (a) If to Student Is walled in a dames or certiodoo grendng pogrom at Ina &took Om amber al ho dahe which Is (q 180 days ante Oa Studentgreduaba ar rims to ceADeate, (3)1e0 days after the Student mesas to be enrolled at Um School, er (m") 2 years afterdate of the loan disbursement under tis Credit Agreement (b) 1(89 Student id soy Mended In a degree a ccra1ncam.granbng prevent at MO Sdwol, to artier a11he dabs which is 5) 1110 days earn are end.af Me Academic Period desabed co the o net page al this Oedit Agreement or PO too days after to Skated ceases to be enrolled at Me School. 9. The 'Repayment Fated' Peps Me day eller des Defamenl Period ends. fie Repayment Paled is 20 years unless monthly payment' equal to the mlydmum manly paged arrant (See Paragraph E.2) aria ropey oil amounts owed in Imo Con 20 years, in which case Me Repayment Period wla be to number of mender netme:an la pay in full Mo tarwunt 1 cwa at to minimum payment D. INTEREST: 1. Awval. Beginning on the Dbburaemont Data, Inmost we. be calculated el the Veflable Rate (Paragraph 0.24 and charged an to Rindpel San, and on any unpaid Inbred Mar added re to Principal Sum etem ding to Peragrea4r D,3. Owing to Repayment Petted, blared dB be Wadded et the Notable Rale are carped a the outstanding balance of aria Coedit Agreement until all amounts are pate In Wintered win be eetukiled Muddy inlets Inheesl hada, The daily intend sate wii be squat to the ennui" Mtam*I rate In dad on that day, (bolded by to number of days in that wtrndaryew. 2. Odom Rata - The 'V ableFeam• isequattoMeCumemlederplusaWeln. The Margins for tot Me Deferment Parted and rho Repayment Parted am shown en to fist pago at Mb Credit Agreearon.In no went will the Variable Rate exceed the ma mmmn interest rats emowod by be bee of the Sane of Rhode Island. The Votabla Role all dharge quarterly an to asst day eleach January, Apra, July and Ootaber (Ihe'Change Vate(q') 8 Me Gurm i index changes. The 'Current index' the any calendar quarter beginning on a Change Date (a fd any shorter pried beginning on CI.05-06,C1.00.10sC.0103 2 ors PN03_ CL05 -00-CtC0J.X8ASIC_t103O78244.pd1 BORROWER FAX NO, P, 07 the Disbursement Dale and ending on Om last day of talandarquener) Is bowl an OM enefieall lotion Warned Offered Rale (11501r as pub( he0 te the 'Matey Rates sedan of The Waa Shot Jaunt The Mau for each calendar quadat(Orfa any !Matter period begirding etaDlabursement Dale andendingtntebs1dayde calendar quarter) w10 oqud the evetagn of to UJBORretaepubishedtor to Ord hotness day of earn alMe three (3)immed [ably pre edingraledarIMAMS, rounded to te nearealmia'handredUi pamant(0,01 %).O The Wall Snot Jong b notpubaehed arIhe Current lodes to not Oven me Outdate, than do Ca o n Indexhdl be Minted tyusltg the anmediatelyp bgpu lishedCere lbalea.Ogre Curren) Indm b no tome you w0t cheese a camparebte indeu. 3, Capitelft: abort — I undesand Mel you WU add all mood end umiak) Interest le the principal before of my loin crapalm Interest") es of the test day of to Deferment Period end el the end of any lorbeaenae pedod. In all case& to arm is bareefbr considered the prirtopnl , and blared w0 acme en the new principal habitat E. TERMS OF REPAYMENT. t. I3olermeM Petted - Yoe itdU send ststements dieing the Deferment Period (oh bug the total outstanding prindpal balance rimy loan and the Interest that has awned an Icy loan). Tau msod the fight to send statements a no6om b either the 8annwer er the Cotgrler. Statements will he sent b rho address shorn on pad record. I any, but en) nal required to, meta payments daring the Datetmenl Period. Tan dB add any Interest itat I do nol pay durb1g the Defamed Period to Om prt eipar ban balance et be end taro Deferment Period, ar daubed In Paragraph 0.3. Tharsa8nr, the earned Interest w l ho broad as principal 2. Repayroenr Period —'the toad cif dry mamtdy payment Merely Payment Amount') wen be oamtillthed based on the tube In this Croat Agreement Indian my Repayment Peal begins. Owing One Repayment Period. you MI sod me way Ornaments than ehexh be Mealy Payment Amowd oral the payment due dates, and I ail pay the Mouthy Payment Amount sham on my mothlydatareent, whkh omoiad on In rte oventbo less tali 625 or the mrlpeid balance, wfdcbever is less. I ode/dud Met he Monthly Payment AmountIsdue oadt month.I may pay more man my Monthly PaymentMtatmm any dme witotd penally or drange. limy teen 131n pelth shoed 'btu: I may, butral not be required to nuke malty payment& Tau rearm to dgMta send montyWtemente 4 he Banowaand artaCaslgaer. Evan If do not ramble nsanthy galenite, I wal make cenaatve rroetry paymenb In amounts a loutegtml w Ore Malady Par OM Amsted by Ina pith paper:1due dates until I have paid ell el the Wfndpel and Internist and anyother Menlo l Tayrtleo under des Credit Ag eemaL 3. Repayment Terms - My Manly Payment Anoint wit be akedaTad as of to day to Repayment Period bogIne ('Repayment be re:atadated Monte old war prior to to aModury of bo Repayment Date, (b) Bate Vwbb tRale dhatges bet* ve r:M aeades of the Repayment Date to to aaeald teal Oe Matddy Payment knead would not goy b fiA Oa accord mantNy interest m my ban. (c) foaming any teasequoldderreent or forbearance puled or (d) framing wry request by OmBonesur Masendoorm Clove the Mcohy payment da data teach of Whio1 events is a naw'Repayment Date ". As of any Repayment Date, ny Monthly Payment /mot MI be rocalmbad, My mew Madly Pawned Amount am ba disclosed 10 mo by OW swear. The new Monty Payment Amount dl equal the amount necessary to pay in fall, aver to number or moths remedy In Me Repayment Primal, to amour 1 owe In equal monnNy inata Onanb of pdrdpaf and bluest at the vada4d RoIeIn effect at the time of the rareUbdmn. I understand that Orb meyresult in a reduction a increase In my monthly payment as calculated es of each Repaytrant Dane. I understand Mat during f Repayment Period the adder may change Me noddy payment due dam of future payments Ina later date forte convenience of Me write r In pracessmg peplums or In ceder es caerelnate to due dates of as of my tool processed by the ranter. 4. Amomts Ow9hg at to Land of to Repayment Period - Shoo Interest aaavee daily upon to unpaid principal balance of my near. In 1 make paymenb altar my payment an dates, I may owe addlroud interest if I have not paid my late foes, t wen also owe adddianal amounts ter those late fees. In such loos you wD increase Me amount of my last mouthy payment to duo wool necessary to repay my ban in felt 5. Payment, — Payments wl1 be applied first to lam fees. other fess end charges. accrued interest, and the reminder to principal. B. 0Mar Charges - Ii any pan oramonthly payment moths unpaid for period of mom 891 15 days alter depeymem due dam, I Mr pay o 1a'km naleoceedag 55,00 ar5 %of Ma overdo payment amount, wtdaheve Is fess. To the rodent permitted by law, 1 agree to pay you all emotmisyou inwr In enimdng the tarns of this DiedP Agreement. Ingiapng reasonable collection agency and attorneys' bee and mat male and ear canton cast,, F. IRAN ORI31NA110H FEE; If you charge me, )will pay you a loon Orlglnalon Fee et the rime my lean Isdewed, The dollar amount oftrey Loan Origin :denFea wda ee determined by irRIMP rrtg the Pdndpal Sum Woes to Loan tkigiation Fee Percentage sham on the ant page of thls Credit Agreement The percentage wood ho higher II computed wry an the mount ader mood nether than a be enure Principal Sum (Lou Ortgtnndon Fon pan Ma keen amount advanced). For eaared& o nandnet Leon Oliabmiwr Fee 018.5% an to entire prided amoral mad equal 65503% of the amount odvaned. The Ian tatmetiws Fee 1+1a pay, ll any. Ma he sham on my 0bdosure Statement and Included writ ere Prtndpal Sum. To the extent pemdtdd by law, and tmteas 1 buoy carol ills Credit agreemad (sea Paragraph 9.2). I VA not to entitled b e refund al any Loan 0dglrtaden Feo altar my roan tan been tecbumd_ COPY CISCOF 5EP -11 -2012 TUE 01 39 PM G. RIGHT TO PREPAY: lhave Me right la prepay etorany port army loan atany MrswlploutpenaiY N FCRBEARANCe R.I mm aaab.% to repay toy farm In accordance NtN the farm eshbtished under his DM Agrawner4 because of a hardship such OS financial ar medka► Okay, I may aquas' that you modify these tens. I understand that eruct tnadlintion would be al your option. I undatsla l Nat I wTi remain retponsible for all Interest acauhg tiring any period of faibamanoe and tl®I yhiurram add any incest OM I do rot pay during any (arbrewnw eroded fa tho principal betonoe, ea deserted M Parrett W. 1 . WHOLE LOAN DUE To the extent amidst, by applicable law,1 wi l be in default and you have !ha tight to Ova mn nn os than the whole Magda* pi ndppa�lh babntoa• aurae d Intered and all shier wmowmts payable to you under the terns oltb Credit Agtoamonl, am duo and payabteal aid (604octto any applicalde lea which may give me a tight toado my dsteu6) it (1)1 fat to make any madly payment to you tahpo duo, (2)1 c a , P) l lutakany of my °that promises in Oda Cre?tAgraemen; (4) any bathvptcyphuoeedbgb begun byoragainst m4 or l assign any el try meta for t)ho bend%of my mews, or (5)1 make any statement in applying for his loan or arty other O or gtarrytmedudngthoOofermantOr Rampant periods. III default f hie taerotated to pay interest an al%faan moving after default The htae1tram after default bo WOO to addend it Me acme maestri borate dafeu4LUpandead, you may rdsocsplblm any Wawa aro fan (Le,eddeetryted and ur 1d Interest end for to the txtndpal gennoa), end inaeasethe Main used to compute the VadablaRem by Moperoanege parts (2%). .1. NO1tCE3: 1. iwll said !eaten nateto you. any subsequent hoar of fills Cmdditgmmmn t, and the aerdoer Ohio Inn days der any damp fnrame , adorn, uremolmetit shrar3(faerra lie. RIM Bomar Mitcham frootha Scheel a transfers toanorhar school partidpatng In this ban program). 2. Any note muted babe given matte by you wit be oeactiva Won maaeil by first doss mall to the latest addreee you bare fmrnp. Wide regtmad by appitabm car, need nal give atenants notice to Um Codgnot. INPORMATTOIF 1. I must update the i d o maflon (provided t o you Wawa you ask nw m do sit 2. I audlatze you tam Ilene to erne to reamed and mote Pm sales credit retard Information abort ma (bard aboutmy =parse R I Two In a oommurtymamba( slam). 3. CREDIT BUREAU RI:PORING You may mart Infglmpon about my 4aha11ni to credit boom Lato want, missed prayntant% or other defects In my account any Ina reaedod fn my craft! report. I understand that Me reporting of Information about my comae to aedl bureaus they Monody Ohnemy atoll rating an ray ablhy to obtain other ere& You may atso report the status army laan end mypaymanlhistory. Wad%oVOmieton about alam payn rtndyadpapnantorot herdefault %totheSchodandognerslnaasrdarna with epplkahfd toe. AOifITLQNAL AGREEMENTS: I. !understand that you are located In Rhode Wand and shal his Crarit Agreement vol be entered intor Nit gam@ slats CONSEOUENTit DIE PROVISIONS OF THIS CREDIT AGREELENT WILL BE GOVERNED BY FEDERAL LAW AND THE IAWS OF THE STATE OF RHODE ISLAND, WITHOUT REGARD TO CONFLICT OF LAW RULES. 2, Thepromods of ado loan w d be used any fa myadacstiansl memos atMa School ThOCasignerail rotrealve any of the hart proceeds 3. Myrespohslolty far paying the loan eidenrdby Nis Cre011Agreamont1s uneteaed by the liability of any other parson fir me airy ywr failure to natly coo that a+oqubad payment has not been made, WIWI loshp any of your rights under this decd Agreement you may Brawl PO late payments, (bland payment or (c) payments wiled 'paid ln iu0P or vet titer resefrims. You may cosy, (alto eEardae. at waive any of your d01n an any xcasbn Wiwi losing your entmement to exorcise the right etary future lima, tan any futureoemsiwt. You sal not bo obligated to India anydemanduponme ,godmeanyHogue,presentthisCredit collect Agreement me k mat or make protest of nonitaytfmt to mo before awing lo Aaheemadif I am In default, and to am extentpermftad by eppiaV1e law, I hereby waive any i t1 I might athmwura have to require such avian. I WILL NOT SEND YOu PAYMENTS MARKED 'PAID IN FULL', WITHOUT RECOURSE' OR WITH OTHER SIMILAR LANGUAGE UNLESS THOSE PAYMENTS ARE MARKED FOR SPECIAL HANluNG AND SENT TV THE ADDRESS 106NTTFRED FOR SUCH PAYMENTS ON MY BIWNG STATEMENT, OR TO SUCH OTHER ADDRESS AS I MAY BE GIVEN IN THE FUTURE. 4, 1 may nog anion ads Credit Agreement or any of its baretds or obligations You may assign this CrsdtAg1aemam et any lima. 5. Tyre terms and millions set fora In Gals Comfit Agreement and LratrucSans end the motion SMtbmaMoormStute the anere egreement bemoan you end mo. 6. t any provision of eds Cmdil Agnomen, is hokf lmnlld or umanforoeaWo, rat praAstor shall to emWdered wind from this CreQit Agreement %thoutafad'ny Me vatdmy aa(arcetdemy of ale remainder af this Credit Agreement 7. A provision ofOM Credit Agreement may only bomo fladtlantyagreeduponin writing by you and ma. Any modification Meat affect ate validity a at forarab(My of the rented u of Chia CreditAgmemanL Ci.03-06.CLCO. it/SC.010s PN03_01O5-0fi CLOD FAAILSICJN03nnh7A4.pol sue P. 08 pendlltld by law, you have the doh' to apply money Pommy" of my s) idiiyoumpay eE or aMadan 01 any amount Wave, Under this Agreement I hereby eu0ladse you to obtain field ma Stool al amounts which may lie owed to me byfheSchad, hduding any rotund due In overpayment early tormbn den of enrollllmeN, of dheldtis 9, II lila Ctedlt Agreement axeadad by moo then one t3arrowar, each Borrower ogress gtat any cartmtut iMan between you and any of Qua Banowehs vein to binding an al of die Barroom 11001 m M berated as 0 principal of Nis Credl1Agreemen1 end mates 0 eurey. TOP! oxrmd l maybe heated as a aunty, I waive all nukes la which 1 might dot* beent7led as such bytaw, and at waoydep Qerenneathat Ta io• enval apnea attheSoitowra ith payee reabanyforbearancB and modreeQon of Ma repaynmudedmdide and that such agreement WE be binding an ma. Odell nalbenecessayfar you to retort toor admit yourmmediaagarrs!the borrower before aling'upm me to non repentant For penes of Wsparegraph any, T ad tar refer la foe Codgner any. 10. AB dollar maw* stated in this (barft Agreement are In United Storrs dntiare. 1 wli mats all payments In tinned States Dollars se no deduction far Currency 11. If Me Mere fah to tamable Ilse educadan program paid troth this loan. the Cosigner end 1 age not miaved of any daeQatimi Wain or pursuant to this Credit Agreement 12. I admawladp4 Ind tho requested loan fa eoblad to the UmlMlon$ o0 dbchargoahlllty In taraeunptayamdd red le Section 523 (a) (el of the United Slates Boabuptey Cods. Spac1Rcally, I codantond due you have praahased a guaranty of ddsroen, and that als man to goaded ty The Education Raiourcea Meads Inc. ('TER!"). anonprofit Institution. 13. I Watt any school Brat I may darn ba.release to you, and any ahorpersans designated by you, anyn uesa:1 infomraton poninentoo fats loan (e,g. enrollment Wes. doe loan Nan andadmntaddress). • 14.1 edictal* Lender my sidaequent lralderof tide Crean Agteament. and their agents to pit advise the Saud of the status ofmy application end my loan, (2) wall le 1°44illirg fmanpdo►or amoquent tenders or holders a respect la my Credit Agreamod and rotated documents, (3) alma kformatlmr and man Inquiries to due persons 1 navegtvan you as refrains, fur the pwp:masa(leaming my award address and belabour porker, (4) diet mycreditandamptoymentMsto and to answarquestions dead fuer aedd experience wigr me. and (5) disclose to are Darnmer, andbrdie Castanet either In conedton with Qris tos:ra n W anyfumre Iransarn n u bdwmaton Ondur8dg staffs information and nonpublic panne/ rfaritelen)of the anon grater ate Costner prodded immnnettianwldhdes CreditAgteainent. Intahaunt apply for e n dal Is gowned byTERI and tendedbyarrothertandar, I also abate Qua sharing ofapptear Otis loan (odre ( 11011ometdHe lender MOO) scanoil attar lender and TERIand die reuse of such lafddneden by such new kinder and TERIinmy new application. 15. % W a r by Lend* You waive ONO up) any right toad in a toady interest in any propcmy *send tMa Dad Ameament This does not dal any right to offset as a matter gnaw. 18. R I f a x myslgnalioe(s) an Me f a s t page of this C mat Agreemmant back to you and keap ma copy Signed, lunderstand that under federal mw Malt you mods at be an ahghal of ere fast page or this Cade nominated You end I agree Chetah copies of MI5 Grad Agn:iment (hdndbct No fax you retain/ and the copy I retah), taken togem n, shag amsdmte n ckgte Opal agreement. 17, Many BonoarercarCA9lgaercladsmendocbunicallyanetacbarno recordoftnls Credit Agroemant, even to allowing wnl apply as between Lander and such paean: (a) Lender w@ kaepa nadniodtfebre elec6oafc retard of Min den ment and panda a Assay to me upon repast (b) I can and hays downloaded andror prhtad a copy of OA waned for my rascals or naffed ire Lender b mail me a ropy of desdaxnmerm, and (c) to Londe ebstunfc tuwrd of ins document and any printout rrom that mood shag be an oriiginal for al purposes, lndudma shytawtuitto collect ennmts Thal I owns. III PhYshapy clan a copy of him dammed that has been electronically signed by any other Cosigner or Bomar. nstasvaanme and the Lender the copy l sign ( and any fait of Mat copy Imay send loLender )wdibeanadginaL Hoamar,the electronic slgnaIum of ardor lady in Nis Credit Agreement and the Lendar's uleriroriemom' of Nis document containing fuel signature wtl boas vald against me as an mipnaL phY5 i doarmaet that is physically signed by off partlas, M. DISCLOSURE NOTICES AU. APPLICANTS: IMPORTANT FEDERAL LAW NOTICE— Impaling fafarmafon about procedures fee opening a new account: To help the government fight the funding of terrorism end money laundering activities, Fersarol few requires all financial Institutions to obtain, verify, end record Information that Identifies each amnion who opens an account. 3 01'S BORROWER COPY CLSCOF SEP -11 -2012 TUE 01:40 PM Wtrenyau open an analInt, we w(II ask Ter your name, address, data of birth, and other Information that will allow us to Identify you We may also ask to lee your driver's aaarae or other Identifying documents. GAUP laNialrag2lit i have the right to prohibit pre use of information contain in my oath' file ineauredoewith cruet nat tatted by me. !may exerdce dghlbyno 1ngthem+wmctauditrepoNngagency. A married epp toed may aP for a separate account If you bake any adverse ootlan pa detixad by Sadist t1B53 the California CMiCade and the adverse ordersis based, In whore or In past on any Wonnaton oontn led In o consumer credit repast, I have die dght beobtekt within ea days afree copy of my oonamer credit report hum the consumerreportmg agency whoAunished you myoon ';umeraudi raped and from garotter consumer autfit mooting ¢gerwy wNdramplias and malntebts f1ea on Can1Wttere on a natiasddo basis. I have the right ea donated try Sad ice 1765.16 of dmCiefomia Gull Code m dispute the accuratyor comptatenees denytnfamation Ina cansumerdntrepod (umished byte consumer aeddrepotting agency. ¢ALIFORNIA AND UTAH RESIDENTS: As required by California end Utablaw, I am hereby noshed Mate negative radii report reTtrdulg on my aedtl bread maybe submitted to a credit Opting flalflblfdti, .i oraumosesc}ttiefo g rr MILIICILIN rd reset tam aatia Eostane_r. gth La+tderl: NOTICE TO CONSUMER, This baeo awmrWWIIbemaeVoe.1,DONOTSI N T$IS CRIB7tr AGREEMENT BEFORE YOU READ THE CREDIT AGREEMENT. 2. YOU ARE ENTTIIEP TO ACOPY OF THIS CREDIT AGREEMENT. 3. YOU MAY PREPAY TqE UNPAID OAt�1NCE AT ANY 1111EwrtR4t1T PENALTY AND MAY BE ENTTTLEDToAREFUND OF UNEARNW CHARGER IN ACCORDANCE WUH LAW. M�(�i[$ hn Paragraph L.1, Lender and thaw agreed dam Mb Credit Agreement is governed byfederal law and Me taws of Rhode Wand, without regard to mania of taws rudest t(tiny court should nevmtttetess datemtne that this Greet Agreementts eubladto Maryland fawe oenoembg ova, drengdyle M eWenttnat Maryland rawappt(es, Lender and t agree and dent dot this loan is nude under and premed by Subtitle 10, dela Grantor Closed End dear Provlafaw, CM 12 otthe Canmerda! Law Ankle of the Annotated Coda e( Maryland, except tin preempted by federal irk MISSOURI RESIDENTS: Oral agreements ar commitments to loan money, extend audit ar to forbear from enlarging repayment of a debt incirUding promises to extend ar renew such debt ere not enforceable. To protect me (bartawet(s)) and you (creditor) from misunderstandmg Or disappointment, any agreements we reach covering such matters are contained In this writing. Which is the complete and exciuefvo statement of the agreement between us, except as we may later agree In writing to modify it NEVADA RESIDFI1TS: lhts in a loan for study. (rEWJERSEYRESIDENTS : The sectim eranoofMdsCredaAgnamnrmt are a leas of contents and net contract wins. Penton! Off this Credit Agreement win references to action taken to the mint of applicable taw apply to Uttar practices that New Jdmeyluwpermht or requires, In this Crete Agreement. ante or maces (1) byyou which ere or may be permitted by 'applicable taw' are pemibed by New Jamey law, end (7 that may orwdl be taken by Yoe Was prohibited by'appdcable are permitted by Now Jamey law. IEiY01 C.RHODt IStANDA. ND_WRMDNTRESmENis:Amnotonerreport Were report) maybe obtained ism a consumer reporting agency (ctedll bureau) in correction with tide Ilan. If 1 re quest (1) I wal be infonfted whether or not *mourner reponswemabtained. and Mil ropmts were obtained, twill be Informed oldie names and eddnases of tiro cretin bureaus that funtSned the reps. ((you agree k make this ban to me, a censtener credit raped may be requeested a used in cohnadion whh renewals ar extanslone of arty credit for w dt I here applied, mvlewleg my ban, taking collection ocean on my lean, a legilkwte purposes associated with my ban. OHIO RESIpENTS: The Okla laws against discrimination require dial all creditors make era (Maur weenie to ell credit worthy customer% end that aeda reporting wades maintain separate credit histories on each Individual upon request The Ohio Gil Rights Canerdssion administers =paws vitlh this taw. WISCrONSWIIESIDEWM For martini Wisocnsinradiants,nryelgnataremrthis Credit Agreanant corsknts drat this roan Wigan, is being Incurred In ate interest of my mantes or fanny. No prevision of any mantel properly agreement (pm.rnaeiel aggreement), unilateral statement under Section 769.69 mooed decree underSettion 769.TD eleesery affects the Interest (I the Lender union the Lender, prior go rho time that the lean is approved. le fumbhed With a copyot the agreement, statement, or decree or hoe aural Imowtedgu el the advurae pmNalon when die otdfgation to the Lender b bncunad. II the loan for With tam applying Is granted, my spouse Will also receive notification !bataedit has been attended tame. N. BORROWER'S CERTIFICATION: Ldedareunder penaityofperjury under the laws at the United States of America that the following Is hue and =rect. I City that an infonndtan I provided m yea in tanmxtion with ids loan, iindud ng without CLOS.06.CLCO.I0SGA10S 4 of S PNIILCi OSOL CI.COJXBASiC,A1D307a244.pdr BORROWER COPY ed ids aY of FAX NO, P.09 limitation, the Warmationca ttained N dlle Credit Agreement, Is eve. omrtptete end coned 10 to tester mykltOvdedge nil made (n good (3tth.1 understand that I am responsible for mpayirg hmnedhately any f u n d s that I receive wtddi are not to be used or are natured for aduWde Tel expenses mW3d b atteittance at the Scheel for Ole academic period Mated. I aunty that Iam not nevi lndefadtseta Federal Perkfia Loan, a edarel Stafford Lean. a Fettered: hound Student Loan. a Fedora! Supplemental Loan for Student (SLS), a Federal PLUS Lean, an Initiate Cent13gent Loan, a Federal Consolidation Lean, it Federal Fad Meet Loan, or any other aduptlan roan received *agenda= at any school. . 0. STATEBPECIFTC COSIGNER NOME& For die purposes of the folrsdfrxg rotkes coty.Ihe wards 'you' and 'your refer to the Cosigner, whemappticebte, not to the lender. fOR OBLIGORS co,GNima IN IOWA. NEW YORK AND SOUTH CAROLINA; NOTICE: YOU agree to pay the debt identified below although you may not personatyreceive any property, goods, services, or money. You may be sued far payment although the person who receives the property, goods, services, or money is able to pay. You should know that the Total of Payments fisted below does not indude finance drarges resulting from delinquency, late charges, repossession or foreclosure costs, court costs or attomey's fees, or other charges that maybe slated lit this Crud Agreement or contract. You will afro have to pay some or all of these costs and charges N this Credit Agreement or contract, the payment of which you are guaranteeing requires the borrower to pay such costs and charges. `This nicks is liatithecmlit'Agratmentg contrecttiiat atiGggatee"sjautfpaithe) Cr dell -Res tliet redid ementorieontr ctlifflie harm of> yon oblI ion. IDENTIFICATION OF DEBT (S) YOU MAY HAVE TO PAY Name of Debtor. The Sanwa► and Cosigner identified on the first page of this Credit Agreement Name of creditor. Citizens Bank of Rhode Island, and its successors and assigns. Date: If the loan is disbursed by check, the date of the check if the Loan Is disbursed electronically, the date the creditor bansmits the funds to the Sdtoot. Ind of Debt Education loan. Total al Payments: The Loan Amount Requested sat forth on the first page of this Crettit Agreement (to the extent advanced), plus interest and the Loan Origination Fee set forth in this Credit Agreement FOR crampon COSIGNINGJN VERMONT: NOTICE TO COSIGNER YOUR SIGNATURE ON THIS CREDIT AGREEMENT MEANS THAT YOU ARE EQUALLY LIABLE FOR REPAYMENT OF THIS LOAN. iF THE BORROWER DOES NOT PAY, THE LENDER HAS A LEGAL RIGHT TO COLLECT FROM YOU. TOR OPLIGORS COSIGNING INVEST VIRGINIA: CISCOF SAP -11 -2012 TUE 01:40 PM NOTICE TO COSIGNER You are being asked lo guarantee this debt. Think carefully before you do: If the borrower doesn't pay the debt, you wiT) have to. Se sun: you an afford to pay it if you have to, and that you want to accept this rasponsiftty. You may have to pay up to the full amount of the debt if the borrower does not pay. You may also have to pay late tees or collection costs, which Increase this amount The creditor can collect this debt from you without first trying to collect from the borrower. The creditor can use the same collection methods against you that can be used against the borrower, such as suing you, garnishing your wages, otc. Ifittus •de #bt•istevereilifillutt;: tte;ici„Mlpeoomei&11 t iryourckilliA TomdIliiinVI a is ntithe coiitri that make`s yotlitiabla;ior ravk, de�tti',� Cr.aS-06.CLC0.10SC.0105 S of 5 PNOLC1. 054 1e_CI40 _FXBASICA103078244.pdt BORROWER COPY FAX N0, P. 10 CrSCOF • ''EP -11 -2012 TUE 01:40 PM FEDE FAX M0. RAI. AND CA ,I $ RNIA COSIGNE ` NOTICES For the purposes of these Notices, the words `you" and "your" refer to the Cosigner, not the Lander. P. 11 NOTICE TO CO9[C11TF:R (Fradaccion en tlnates Se 1(teauiere Por Le You are being asked to guarantee Ibis debt. Think carefully before you do. If the borrower doesn't pay the debt. you will have to. Be sure you can afford to pay if you have to, and that you want to accept this responsibility. You may have to pay up to the full amount of the debt if the borrower does not pay. You may also have to pay late fees or collecdon costs, which increase this amount. The holder of the loan can called this debt from you without first trying to collect from the borrower. The bolder of the loan can use the same collection methods against you that can be used against the borrower, such as suing you, garnishing your wages, etc. if this debt is ever in default, that fact may became part of your credit record. This notice is not the contract that makes you liable for the debt. AVISO PARA EL H4))QR Mannish Tra9sletlen Required py Lew): Se le esti pidiendo qua garandc a este dodo, Pidnselo con euidado antes de ponerse de acuerdo. Si In persona que ha pedido este prdstamo no page to deuda, usted tended que pagarla. Este segwo de que usted padre pager si sea obliged° a pager's y de que ustad desea aceptar In responsabilidad, Si In persona que he pedido el pregame no page le deuda, es posible que tested tense que pager Is suns total de le dcuda, mas los cargos por tardarse en el pogo o el costo de cobranza, lo coal aumenta el total de esta sumo. El acrecdor (fmanciero) pttede coblarle a usted sin, primeramentc, uatar de cobra& al deudor. Los mismos methods de cobranza que pueden usarse contra el deudor, podran usarve contra usted, tales como presenter una demanda en carte, guitar parte de su sueldo, etc. Si alpine viz no se eumpla con la obligaeien de pager rite deude, se puede incluir esa informaci6n en la historia de etedito de usted. Este aviso no es el contrato mismo an que se le ccha a usted la responsibilidad dela deuda. CLOS•06.CLCOJOSC.OIOSFD PNO3_CI 05-09_CLC©_F_(6ASIC A1O3Or82411,ps1 COSIGNER COPY CISCOF National Collegiate Student Loan Trust 2006-1 c/o NCO Financial Systems Inc. 5100 Peachtree Industrial Blvd Norcross, GA 30071 Plaintiff v. David Becirovic 214 Hummel Ave Lemoyne, PA 17043 Defendant : IN THE COURT OF COMMON PLEAS OF : CUMBERLAND COUNTY, PENNSYLVANIA CIVIL ACTION — LAW : NO. 2014-1619 ANSWER TO PLAINTIFF'S COMPLAINT CIVIL TERM (7:41 The Defendant, David Becirovic, by and through his attorneys, Turo Robinson at Law, hereby responds to Plaintiffs Complaint and states the following: 1 Admitted. 2. Admitted in part. By way of further answer, Defendant was a co-signer of the promissory note for the payment of tuition. 3 Defendant is without sufficient knowledge or information to form a belief about the truth of the allegation. 4. Defendant is without sufficient knowledge or information to form a belief about the truth of the allegation. 5. Defendant is without sufficient knowledge or information to form a belief about the truth of the allegation. 6. Defendant is without sufficient knowledge or information to form a belief about the truth of the allegation and demands strict proof at trial. 7. This allegation is a legal conclusion to which no response is required. If it is determined that an answer is required, it is denied. WHEREFORE, Defendant respectfully requests that this Court find in favor of Defendant and against Plaintiff and deny the relief requested. Respectfully submitted, TURO ROBINSON Attorneys at Law Date' Daniel L. Puskar, Esquire Supreme Ct. No. 311444 129 South Pitt Street Carlisle, PA 17013 (717) 245-9688 Attorney for Defendant National Collegiate Student Loan Trust 2006 -1 c/o NCO Financial Systems Inc. 5100 Peachtree Industrial Blvd Norcross, GA 30071 Plaintiff v. David Bicirovic 214 Hummel Ave Lemoyne, PA 17043 : IN THE COURT OF COMMON PLEAS OF : CUMBERLAND COUNTY, PENNSYLVANIA : CIVIL ACTION — LAW : NO. 2014 -1619 CIVIL TERM CERTIFICATE OF SERVICE I hereby certify that on this day I served a true and correct copy of the foregoing Answer on Plaintiff's Counsel, Michael F. Ratchford, Esquire, by depositing same in the United States Mail, first class, postage pre -paid, from Carlisle, Pennsylvania, addressed as follows: l((d //j Date Daniel L. Puskar, Esquire Supreme Ct. No. 311444 129 South Pitt Street Carlisle, PA 17013 (717) 245 -9688 Attorney for Defendant Michael F. Ratchford, Esquire 120 N. Keyser Ave Scranton, PA 18504 TURO ROBINSON Attorneys at Law VERIFICATION I verify that the statements made in the foregoing Answer are true and correct. I understand that false statements herein are made subject to the penalties of 18 Pa.C.S. §4904 relating to unworn falsification to authorities. 00C /41' Date David Beciro IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA NATIONAL COLLEGIATE STUDENT LOAN TRUST 2006 -1 c/o NCO Financial Systems Inc. 5100 Peachtree Industrial Blvd Norcross, GA 30071 vs. DAVID BECIROVIC 214 HUMMEL AVE LEMOYNE PA 17043 -2066 Plaintiff : Defendant CIVIL ACTION NO: 14 - 1 gi CD NOTICE TO DEFEND You have been sued in court. If you wish to defend against the claims set forth in the following pages, you must take action within twenty (20) days after this Complaint and Notice to Defend are served, by entering a written appearance p aJ T o by ai attorney and filing in Writing With the court your ctefenes.or objections to the claims set forth against you. You are warned that if you fail to do so the case _may -proceed - -without you and -a judgment. maybe Bate ed against you by the court without further notice for any money claimed in the Complaint or for any other claim or relief requestedby fhe plaintiff. You may Iose "money or property or other rights important to you. YOU SHOULD TAKE THIS PAPER TO YOUR LAWYER AT ONCE. IF YOU DO NOT HAVE A LAWYER OR CANNOT AFFORD ONE, GO TO OR TELEPHONE THE OFFICE SET FORTH BELOW TO FIND OUT WHERE YOU CAN GET LEGAL HELP. IF YOU CANNOT AFFORD TO HIRE A LAWYER, THIS OFFICE MAY BE ABLE TO PROVIDE YOU WITH INFORMATION ON AGENCIES THAT MAY OFFER LEGAL SERVICES TO ELIGIBLE PERSONS AT REDUCED FEE OR NO FEE. MIDPENN LEGAL SERVICES 401 EAST LOUTHER STREET CARLISLE, PA 17013 717- 243 -9400 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA NATIONAL COLLEGIATE STUDENT LOAN TRUST 2006-1 CIVIL ACTION c/o NCO Financial Systems Inc. 5100 Peachtree Industrial Blvd Norcross, GA 30071 vs. DAVID BECIROVIC 214 HUMMEL AVE LEMOYNE PA 17043-2066 Plaintiff : : N0: Defendant : N1300489 COMPLAINT Plaintiff, NATIONAL COLLEGIATE STUDENT LOAN TRUST 2006-1, by and through its attorneys, Edwin A. Abrahamsen & Associates, P.C., complains of the Defendant as follows: 1. The defendant DAVID BECIROVIC (hereinafter "Defendant") is an adult individual residing at 214 HUMMEL AVE LEMOYNE PA 17043-2066. 2. The defendant executed the promissory note for the payment of tuition in which the defendant was required to make monthly payments. 3. The defendant's account was transferred and assigned by the original lender to the plaintiff. 4. The defendant was advanced the proceeds of the loan which were to be used for educational purposes. 5. The defendant failed to make the required payments when due. 6. The balance currently owed by defendant is $7,36738. 7. Plaintiff has declared Defendant to be in default and demands payment of the balance due from the Note. WHEREFORE, Plaintiff requests judgment in its favor and against Defendant in the amount of $7,367.78 plus costs of suit and any other relief as the Court deems just and appropriate. Respecj ily su ed ichael . Ratchfor4, Esquire Attomey I.D. Nos. /86285 120 N. Keyser Av Scranton, PA 18514 mratchford@eaa aw.com Phone: 800-503-1665 Fax: 570-558-5511 VERIFICATION I, Michael F. Ratchford, attorney for Plaintiff, NATIONAL COLLEGIATE STUDENT LOAN TRUST 2006-1, am fully familiar with the facts set forth in the within Complaint and am authorized to make this Verification on behalf of Plaintiff. I Verify that the facts set forth in the within allegations are true and correct to the best of my knowledge, knowing that any false 'statements are punishable by law pursuant to 18 C.S.A. 4904. ithael Ratchford, squire $ 3,291.37 03078244 Loan No. NOTE DISCLOSURE STATEMENT Borrower(s) BASIC SP.AD BASIC SEAD 4101 F BEECHWOOD LANE HARRISBURG, PA 17112 DAVID BECIROVIC Student; BASIC SEAD . Date: Au.ust26,2005. Lender Name and Address; CITIZENS BANK OF RHODE ISLAND ONE CITIZENS PLAZA PROVIDENCE, RI 02903 This disclosure statement relates to one or more advances on your Loan Note disbursed on August 26, 20D5 Because your Loan is either being disbursed in whole or in part, or is entering repayment, or the repayment terns are being modified, the following information about yaur Loan is being given to you. ANNUAL PERCENTAGE RATE The cost of your credit as a yearly rate. 6.121 % FINANCE CHARGE The dollar amount the credit will cost you, S 2,808.40 Amount Financed The amount of credit provided to you or on your bebaif. $ 3.242.00 Total of Payments Thc atnouot you will have paid alter you hove mode oil paymenu scheduled 5 6,050.40 Your payment schedule will be: Number of Payments Amount of Payments° When Payments are due 240 5 25.21 On the 1st day of each month beginning on 12/2006 VARIABLE RATE: The Annual Percentage Rate, which is based on an index plus a margin, may increase during the term of the loan if the index rate increases. The index is (check one): 0 Prime Rate Index Adjusted Monthly • The highest 11.5. bank prime rate published in the "Money Rates" section of The Wail Street Journal on the last business day of each calendar month. Prime Rate Index Adjusted Quarterly - The highest U.S. bank prime rate published in the "Money Rates" section of The Well Street Journal on the last business day of each calendar quarter (if the Lender identified above is Citibank ( New York State ), the index will be the highest U.S. Bank prime rate published in the "Money Rates` section of The Wall Street!oumal on the date which is 30 days prior to the first day of each quarter), LIBOR Index Adjusted Quarterly - The average of the one -month London Interbank Offered Rates published in the "Money Rates" section of l'hg_Egilaggrajggagil on the first business day of each of the three (3) calendar months immediately preceding the first day of each calendar quarter, Any increase in the index and the Annual Percentage Rate which occurs while principal payments are deferred will increase the amount of any current and all future payments. Any increase in the Index and the Annual Percentage Rate which occurs while principal and interest payments are deferred will increase the amount of all Nture payments. Any increase in the index and the Annual Percentage Rate which occurs after you have begun to make principal and interest payments on your loan will increase the amount of your future principal and interest payments beginning with your next annual payment adjustment date. For example, assume you obtain a loan in your junior year, In the amount of $10,000 al an interest rate of 11 %, and you defer principal and interest payments until elder your graduation, and the repayment term of the loan is 20 years. If the interest rate increased to 12% on January 1e1 of your senior year, the interest which accrues while principal and interest payments arc deferred will increase by 575.11, and your monthly principal and interest payments would increase by 59.05. SECURITY: You have given a security interest in all refunds or amounts owed to you at any time by the student's educational instilotion, Collateral securing other loans with the Lender may also secure this Loan. LATE CHARGES: If a payment is more than 15 days lete, you may be charged 55.00 or 5% of the payment, whichever is less. If you default, Lender (or subsequent holder of your Loan Note) may increase the margin used to compute the Annual Percentage Rate by two percentage points (2 %), PREPAYMENT: If you pay off early, you will not have to pay a penalty, See your contract documents for any additional information about non - payment, default, any required repayment in full before the scheduled date, any security interest, and prepayment refunds and penalties, Entlmnlest All numerical disclosures except the late payment disclosure are estimates, Principal Amount or Note (Amount Financed plus Prepaid Finance Charge) Itemization of Amount Financed Amount paid to ACADEMY OF MEDICAL ARTS & BUS and Amount paid to BASIC SEAR Total Amount Financed Itemization of Prepaid Finance Charge Origination or Guarantee Fee S Ocher Fees Paid (see yours contract) S Total Prepaid Finance Charge(s) 3,242.00 49.37 5 3.291.37 3,242,00 5 49.37 If your Loan is disbuned in multiple advances, the ntonlhty payment amount disclosed in the payment schedule reflects only drat monthly payment necessary to repay this advance'Ihe actual total monthly payment on your Loan will be based on the sum of all advances under your Loan Note and will be disclosed to you before your Loan enters repayment. Your minimum local monthly payment will be at least 525.00 each month or the entire loan balance whichever is less. File Copy MAR d01arsr Jo CISCDP Teri Undergraduate Loan IN &t NOTE DISCLOSURE STATEMENT $ 3,291.37 Borrower(a) BASIC SEAD 030787,44A DAVID BECIROVIC Loan No. BASIC SEAD 4101 F BEECHWOOD LANE HARRISBURG , PA 17112 Student BASICSEAD Date: December 2, 2005 Lender Name sad Address: CITIZENS BANK OF RHODEISLAND ONE CITIZENS PLAZA PROVIDENCE, RI 02903 This disclosure statement relates to one or more advances on your Leen Note disbursed on December 2, 2005 Because your Loan is either being disbursed in whole or in part, or is entering repayment, or the repayment terns are being modified, the following Information about your Loon is being given to you ANNUAL PERCENTAGE RATE The cost of your credit as a yearly rom 6,625 % FINANCE CHARGE The dollar amount the credit will cost you, $ 2.983,60 Amount Financed The amount oferedit provided to you or on your behalf. $, 3,242,00 Total of Payments The amount you will have paid alter you have nude all payments scheduled. $ 6,225.60 Your payment schedule will be Number of Payments Amount of Payments' When Payments ate due 240 $ 25.94 On the 1st day of each month beginning on 1212006 VARIABLE RATE: The Annual Percentage Rate, which is bayed on an index plus a margin, may increase during the tern of Me loan if the index rate increases. The index is (check one): 0 Prime Rale Index Adjusted Monthly • The highest U.S. bank prime ram published in the "Money Rates" section of Ile Wall Street Jpumat on the last business day of each calendar month. 0 Prime Rate Index Adjusted Quarterly -The highest U.S. bunk prime reie published in the "Money Rates" section or The Wall Street Joumel on the last business day of each calendar quarter (if the Lender identified above is Citibank ( New York State ), the index will be the highest U.S. Bank prime ram published in the "Money Rates" section of The Wall Street Journal on the date which is 30 days prior to the first day of each quarter). al LIBOR Index Adjusted Quarterly • The average of the one -month London Interbank Offered Rates published in the "Money Rates" section of Tho Wall Street Journal on the first business day of each of the three (3) calendar months immediately preceding the first day of each calendar quarter. Any increase in the index and the Annual Percentage Rate which occurs while principal payments are deferred will increase the amount of any current and all future payments. Any increase in the Index and the Annual Percentage Rate which occurs while principal end interest payments are deferred will increase the amount of all future payments. Any increase in the index and the Annual Percentage Rate which occurs oiler you have begun to make principal and interest payments on your loan will increase the amount of your future principal and interest payments beginning with your next annual payment adjustment date. For example, assume you obtain a loan in your junior year, in tha amount of 510,000 al an interest rate of 1 I %, and you defer principal and interest payments until after your graduation, and the repayment term of the loan is 20 years. If the interest rate increased to 12% on January 1st of your senior year, the interest which accrues while principal and interest payments are deferred will increase by 575.11 , and your monthly principal and interest payments would increase by 59.05. SECURITY: You have given a security interest in all refunds or amounts owed to you at any time by the student's educational institution. Collateral securing other loan; with the Lender may also secure this Loan, LATE CHARGES: If a payment is more than 15 days late, you may be charged 55.00 or5% of the payment, whichever is less. If you default, Lender (or subsequent holder of your Loan Note) may increase the margin used to compute the Annual Percentage Rate by two percentage points (2%). PREPAYMENT: If you pay off early, you will not have to pay a penalty. See your contract documents for any additional information about non - payment, default, any required repayment in full before the scheduled date, any security interest, and prepayment refunds and penalties. Etlmates: All numerical disclosures except the late payment disclosure are estimates. Principal Amount of Note (Amount Financed plus Prepaid Finance Charge) 3.291.37 Itemization of Amount Financed Amount paid to ACADEMY OF MEDICAL ARTS & BUS and $ Amount paid to BASIC SHAD 3 242.00 Total Amount Financed $ 3,242.00 Itemization of Prepaid Finance Charge Origination or Guarantee Fee S 49.37 Other Fees Paid (see yours contract) 5 Total Prepaid Finance Charge(s) 5 49.37 cif your Loan is disbursed in multiple advances, the monthly payment amount disclosed In the payment schedule renews only that monthly payment necessary to repay this advance. The actual total monthly payment on your Loan will he based on the sum o(all advances under your Loan Note and will be disclosed to you before your Loan enters repayment. Your minimum total monthly payment will be at least 575.00 each month or the entire loan balance whichever is Ins. TMx her 2117 24 CFSCDP Teri Undergradunte Loan File Copy 56205 097714 ( ° Cosigned CELL * Loan Request/Credit Agree/mod — Signature Page NON-NEGOTIABLE CREW AGREER/1E14T –11418 IS A CONSUMER CREDIT TRANSACTION LQAN PROGlEAP INFO 9N , TERI Continuing Education Loan Lender. Citizens Bank of Rhode Island School: ACADEMY OF MEDICAL ARTS S BUS Loan Amount Requested: $8485.00 Academic Period: 07/2005- 07/2006 Deferral Period Margin: 3.5 Repayment Period Margin: 3.5 Loan Origination Fee.Parcentago:6.50 STUDENT BORROWER INPO13MATI ©N (Must beet least 18 year of age) Borrower Name: Seed Basic Home Address: 4101 F Bee tiwaod Lane Harrisburg, PA 17112 Social Security #:118-86-4764 Date of Birth: 04/08/1958 Home Telephone: 7173795898 SRidarrt Cit1zanotep (each one box). IO U.S. Citizen CI Etlelble Non - Clifton (Attach front B bark copy of CIS or student visa cart) Note: Petoonel reference name and address cannot match that of the Coetgner. Personal Reference Name: Ronald klrbe Reference Horne Tel a: (p 17)27 -1T7D Wont Tel # Reference Street Address. 3211 North Front Skeet Reference CityIStete Zip: Hurrbbu, PA 17110 COSIGNER INFORMATION (Must be of least 18 yeaj of ago) , _ Cosigner Name: David Becirwk Home Address: 1672 Ouo9 Drive Carlisle, PA 17013 Social Security #:170.78 -1524 Dale of Birth: 05/11/1957 Home Telephone: 7172586735 Have you ever defaulted on a student loan or deularad bankruptcy? W No 0 Yee Currant Empioyar: PA DEPT OF REVENUE Current Position: Other Years There: 2 Years . , r Years 01 Previous Employment: Employer Telephone: 7;177058170 Alimony, child Guppert, er separate maintenance Incomes do not have to be revealed tf you loud wont them considered for swaying this obligation. 11 you ore relying on ouch additional Income, plena provide details on a impend* sheet of paper. Cosigner Citizenship (cheek one box): al U.S. Citizen ❑ Eligible NarChhen (Attach Berea back copy of.CIS) Note: Personal reference name and address canna match that of the Student Personal Reference Name: Susan Flenniken . Reference Nome Tel a: (71T)9413.T7Tr . Worts Tel d: . e r t Reference Street Address: 59 Sta &Avenue • .. ',� •. ReferenceCltyIStal&Lp' Cgt�slePA 7ot3 By my rignnwrc. l certify that I lave road, understand and Ipca to the terms of and undertake in obligations lot fonh fie et( four(4) peace of this Will RcquesuCrsd1I Apcemcot CI.0S-06,CLCO.I0SCA10$ ("Credit Agreemen). I understand that ony person who knowingly nnda o (also suaemau or marepnsentotloa on dt(r.form la subject to penalties. which may include fines w imprisonment. This Credit Agreement is signed order seat I understand that lam sot requited to fan my signature on nor to sign electronically this Credit Agreement and shy related notices that requite signature. If I choose in fax my signature on or to sign electronically this Credit Agreement and any mimed mine that require signature, l Intend: (1) any Inn or electronic signor v to bean electronic sigrunue underapplicobk federal and stair low (ii) any fart printout or printout of Lender's electronic record of this Credit Agreement dud reined notices to be on original doemrc ot, (i1) to conduct business with the Lender by electtartie records and electronic tlgnsnues. and (iv) that this Credit Apeman wilt not be governed by Aniele 3 of the Uniform Commercial Cede. and my ob►lgotions under this Credit Agreement will not be subject to, but any oensfer of my obligatioas will be subject to. Article 9 of the Unifone Commei iel Code. FOR ALABAMA RESIDENTS: CAUTION —IT 15 IMPORTANT THAT YOU THOROUGHLY READ THE CONTRACT BEFORE YOU SIGN IT. FOR WISCONSIN$65IPENTS: NOTICE TO CUSTOMER: (a) DO NOT SIGN THIS CREDIT AGREEMENT BEFORE YOU READ THE WRITING ON THE FOLLOWING PAGES, EVEN IF OTHERWISE ADVISED. (b) DO NOT SIGN THIS CREDIT AGREEMENT IF IT CONTAINS ANY BLANK SPACES. (c) YOU ARE ENTITLED TO AN EXACT COPY OF ANY AGREEMENT YOU SIGN. (d) YOU HAVE THE RIGHT AT ANY TIME TO PAY IN ADVANCE THE UNPAID BALANCE UNDER THIS CREDIT AGREEMENT AND YOU MAY BE ENTITLED TO A PARTIAL REFUND OF T E FINANCE CIIARGE. PLEASE SIGN BELOW— URN This Palle tMih P t at I Enrollment — FAX TO: 000.7049408. Signature of Borrower � C Date 07— /SF— Or BY SIGNING THIS CREDIT AGREEM) BELOW, I CERTIFY THAT I INTEND TO (1) APPLY FOR JOINT CREDIT AND (I) B j►u'' LY LII:B-E „ WITH THE BORROWER FOR THIS LOAN, Signature of Cosigners '3'"”" Date Q ' i ' – 0 CI.OS -06.CLCO.10SC.0109 p7IOi_CI_OS{11_0.00_F_: _RASIC.A10701R'k4.pctl I of5 BORROWER COPY ciscoF $ 3,291.37 03078244 Loon No. NOTE DISCLOSURE STATEMENT Borrower(s) BASIC SEAD BASIC SEAD 4101 F BEECHWOOD LANE HARRISBURG , PA 17112 DAVID BECIROVIC Student: BASIC SEAD Date: August 26, 2005 Lender Name and Address: CITIZENS BANK OF RHODE ISLAND ONE CITIZENS PLAZA PROVIDENCE, RI 02903 This disclosure statement relates to one or mart advances an your Loan Note disbursed on AuguSt 26, 2005 Because your Loan is either being disbursed in whole or in part, or is entering repayment, or the repayment terns ore being modified, the following information about your Loan is being given to you. ANNUAL PERCENTAGE RATE The cost of your credit as o yearly rem 6.121 % FINANCE CHARGE The dollar amount the credit will cost you. $ 2.808.40 Amount Financed The amount of credit provided to you or on your behalf $ 3.242,00 Total of Payments The amount you will have puid eller you hove made all payments scheduled. S 6,050.40 Your payment schedule will be: Number of Payments Amount of Payments' When Payments are due 240 S 25.21 On the 151. day of each month beginning on 12/2006 VARIABLE RATE: The Annual Percentage Rale, which is based on an index plus a margin, may increase during the leml of the loan if the index rate increases. The index is (check one): Q Prime Rate Index AdJualed Monthly - The highest U.S. bank prime rate published in the "Money Rates' section of The Wall Street Journal on the last business day of each calendar month. 0 Prime Rate Index Adjusted Quarterly - The highest U.S. bank prime rate published in the "Money Rates" section of The Wall Street Journal on the last business day of each calendar quarter (if the Lender identified above is Citibank ( New York State ), the index will be the highest U.S. Bank prime rate published in the "Money Rates" section of The Wall Street Journal on the date which is 30 days prior to the first day of each quarter). LIBOR Index Adjusted Quarterly - The average of the one -month London Interbank Offered Rates published in the "Money Rates" section of The Wall Street Journal on the first business day of each of the three (3) calendar months immediately preceding the first day of each calendar quarter. Any increase in the index and the Annual Percentage Rate which occurs while principal payments are deferred will increase the amount of any current and all future payments. Any increase in the Index and the Annual Percentage Rate which occurs while principal and interest payments are deferred will increase the amount of all fltture payments. Any increase in the index and the Annual Percentage Rate which occurs after you have begun to make principal and interest payments on your loan will increase the amount of your future principal and interest payments beginning with your next annual payment adjustment date. For example, assume you obtain a loan in your junior year, in the amount of $10,000 at an interest rate of 11 %, and you defer principal and interest payments until alter your graduation, and the repayment term of the loan is 20 years. 11 the interest rate increased to 12% an January lal of your senior year, the interest which accrues while principal and interest payments are deferred will increase by 575.11, and your monthly principal and interest payments would increase by 59.05. SECURITY:. You have given a security interest in all refunds or amounts owed to you at any time by she student's educational institution. Collateral securing other loans with the Lender may also secure this Loan. LATE CHARGES: If a payment is more than 1I5 days late, you may be charged 55.00 or 5% of the payment, whichever is less. If you default, Lender (or subsequent holder of your Loan Note) may increase the margin used to compute the Annual Percentage Rote by two percentage paints (2 %). PREPAYMENT: If you pay off early, you will not have to pay a penalty, See your contract documents for any additional information about non - payment, default, any required repayment in full before the scheduled date, any security interest, and prepayment refunds and penalties. Estimates: All numerical disclosures except the late payment disclosure are estimates.. Principal Amount of Note (Amount Financed plus Prepaid Finance Charge) Itemization of Amount Financed Amount paid to ACADEMY OF MEDICAL ARTS A BUS and 3 Amount paid to BASIC SBA Total Amount Financed S 3,242.00 3,242.00 3,291.37 Itemization of Prepaid Finance Charge Origination or Guarantee Fee S Other Fees Paid (see yours contract) S Total Prepaid Pinunce Charge(s) 49.37 S 49.37 °!f your Loan is disbursed in tnuhlple advances, the monthly payment amount disclosed in the payment tcheduie reflects only that monthly payment necessary to repay this advance. The actual total monthly payment an your Loan will be based on the sum of all advances under your Lunn Note and will be disclosed to you before your Loan enters repayment. Your minimum total monthly payment will he at least 525.00 each month w the entire loon balance whichever is less. TP,oe dl MT ms CISCDP Teri Undergraduate Loan File Copy Ifo NOTE DISCLOSURE STATEMENT' $ 3,291.37 Borrower(a) BASIC SEAD 03078244A Loan No. Student: Date: BASIC SEAD 4101 F BEECH WOOD LANE HARRISBURG , PA 17112 DAVID BECIROVIC BASIC SEAD December 2, 2005 Lender Name and Address: CITIZENS BANK OF RHODEIISLAND ONE CITIZENS PLAZA PROVIDENCE, RI 02903 This disclosure statement relates to one or more advances on your Loan Note disbursed on December 2, 2005 Because your Loan is either being disbursed in whole or in part, or is entering repayment, or the repayment terms are being modified, the following information about your Loan is being given to you. ANNUAL PERCENTAGE RATE The cost of your credit as a yearly rate. 6.628 % FINANCE CHARGE The dollar amount the credit will cost you. $ 2,983.60 Amount Financed The amount of credit provided to you or on your behalf. $ 3,242.00 Total of Poymenta Tho amount you will have paid after you have made all payments scheduled. $ 6,225.60 Your payment schedule will be: Number of Payments Amount of Payments" When Payments are due 240 S 25.94 On the 1st day of each month beginning on 12/2006 VARIABLE RATE: The Annual Percentage Rate, which is based on an index plus a margin, may increase during the term of the loan if the index rate increases. The index is (check one): IN Prime Rate Index Adjusted Monthly - The highest U.S. bank prime rate published in the "Money Rates" section of Tie Wall Street Journal on the last business day of each calendar month. ❑ Prime Rate Index Adjusted Quarterly -The highest U.S. bank prime rate published in the "Money Rates° section of The Wall Street Journal on the last business day of each calendar quarter (if the Lender identified above is Citibank ( New York State ), the index will be the highest U.S. Bank prime ram published in the "Money Rates" section of The Wall Street Journal on the dale which is 30 days prior to the first day of each quarter). LIBOR Index Adjusted Quarterly - The average of the one -month London Interbank Offered Rates published in the "Money Rates" section of The Wall Street Journal on the first business day of each of the three (3) calendar months immediately preceding the first day of each calendar quarter. Any increase in the index and the Annual Percentage Rate which occurs while principal payments are deferred will increase the amount of any current and all future payments. Any increase in the Index and the Annual Percentage Rate which occurs while principal and interest payments are deferred will increase the amount of all future payments. Any increase in the index and the Annual Percentage Ram which occurs after you have begun to make principal and interest payments on your loan will increase the amount of your future principal and interest payments beginning with your next annual payment adjustment date. For example, assume you obtain a loan in your junior year, in the amount of $10,000 at an Interest rate of 11%, and you defer principal and interest payments until after your graduation, and the repayment term of the loan is 20 years. If the interest rate increased to 12% on January I st of' your senior year, the interest which accrues while principal and interest payments are deferred will increase by 575.11, and your monthly principal and Interest payments would increase by 59.05. SECURITY: You have given a security interest in all refunds or amounts owed to you at any time by the student's educational institution. Collateral securing other loans with the Lender may also secure this Loan. LATE CHARGES: If a payment is more than 15 days late, you may be charged 55.00 or 5% of the payment, whichever is less. If you default, Lender (or subsequent holder of your Loan Note) may increase the margin used to compute the Annual Percentage Rate by two percentage points (2 %). PREPAYMENT: If you pay off early, you will not have to pay a penalty. See your contract documents for any additional information about non - payment, default, any required repayment in full before the scheduled date, any security interest, and prepayment refunds and penalties. esttmates: All numerical disclosures except the late payment disclosure are estimates. Principal Amount of Note (Amount Financed plus Prepaid Finance Charge) $ 3,291.37 Itemization of Amount Financed Amount paid to ACADEMY OF MEDICAL ARTS & BUS and 5 Amount paid to BASIC SHAD S 3,242.00 Total Amount Financed $ 3,242.00 Itemization of Prepaid Finance Charge Origination or Guarantee Fee $ 49.37 Other Fees Paid (sec yours contract) S Total Prepaid Finance Charge(s) $ 49.37 'If yuur Loan Is disbursed in multiple advances, the monthly payment amount disclosed in she payment schedule reflects only that monthly paymem necessary to repay this advance. The actual total monthly payment on your Loan will be bated an the sum of all advances under your t.oaa Note and will be disclosed to you before your Loan enters repayment. Your minimum total monthly payment will beat least 523.00 each month or the cadre loan balance whichever is less. TMK 003 Vnr qd CISCDP Teri Undergraduate Loan File Copy 56206 091714 " Cosigned CEL " Loarl Request/Credit Agreement -- Signature Page NON-NEGOTIABLE CREDIT AGREEMENT — THIS IS A CONSUMER CREDIT TRANSACTION LOAN PROG69ARA INPORMATlO1d- TERI Continuing Education loan Lender: Citizens Bank of Rhode Island School: ACADEMY OF MEDICAL ARTS & BUS Loan Amount Requested: $8485.00 Academic Period: 07/2005- 0712008 Deferral Period Margin: 3.5 Repayment Period Margin: 3.5 Loan Origination Fee•Percentage:6.50 STUDENT BORROWER INFO,¢ MATT ©N (Must be aj least 18 ye@re of age) , Borrower Nemo: Sead Basic Home Address: 4101 F Beechwaod Lane Harrisburg, PA 17112 Social Security #: 119 - 864764 Date of Birth: 04/08/1958 Horne Telephone: 7173795898 Student Citizenship (Mock one box): 10 U.S. Olken 0 Eligible Nonr en (Attach front & bask oepy of CIS or mordent visa card) Nobs: Personal reference name and address Cannot match etal of the Cosigner. Personal Reference Name: Ronald tilrbv Reference Home Tel a: (7.171238-1770 Work Tel rk Reference Street Address: 3211 Math Front Sherd Reference City /State/Zip: Harrisburg. PA 17110 COSIGNER INFORMATION (Must be at,least 18 yees§,of age) . . Cosigner Name: David Becirovlc Home Address: 1672 Quail Drive Cari(sle, PA 17013 Social Security #:170 -78 -1524 Dale of Birth: 05/11/1957 Horne Telephone: 7172586735 Have you ever defaulted on e student loan to declared tenknrplo ? (4 No 0 Yea Current Employer, PA DEPT OF REVENUE Employer Telephone: 7r1770SS110 i Current Peottio t: Other Years There: 2 Years , Years at Prevbw Employment: Alimony, child support, or swarms maintenance Incomao do not hove to be reveabd H you cloned want thom conaldered for seasons Ras obligation. II you ors relying on such sddltlonal Income, plasse provide detsile one eeperoto greet *lanes?. Cosigner ClUatnshtp (Check ens box): O U.S. Citizen O English NorrGUZen (Attach noel 8 back Copy of,OS) Note: Personal reference name end address cannot meth Nat or the Student ,. Personal Refersrece Name: SpaanFlanniggin . Reference Home Tel 11: (117) f4P,77r7' Work Tel ft: ' n Reference Steel Address: 5litalaAvenua 6 „ . .L ..• 'a Reference CI 1Stat&Vp: By my tighatun:. I certify that I hero mad, understand and agree to the lcnte or and undertake the obligations tat Posh on all four (4) pages of this Loan RequesUCredlt Agra-mum C1.05.06,C1 c0.10SCAIOS ("Crcdlt Ageement"). 1 undcrgand dun any Pawn who hnvw41Y mama 0 (alto 11010 001 or mi$rcprerentstloa ON tbir.fose 13 subject be p:rtdnes, which may induct* Ono or imprisonment, This Credit Apemen' is signed under seal I ue dcrarand tut lam tat required to fora my signature on nor to sign electronically this Credit Apeman and any related notices that esquire signature. III choose to flu my signature on or to sign eknronically this Credit Apremrnt and any related notices that require sigsotua. I intend: (1) any l o or electronic signature ro bean electronic signature under appliwbk federal and skate low, (ii) any flu printout or printout of Lend:r's ciectrenic record or this Creak agreement and retard notices to be an original dsunmt. (iii) to conduct business with the Lender by clecowric mcords and electronic signatures. and (iv) tMt this Credit Agreement will not be governed by Article 3 of the Uniform Commercial Coda, and my obligations under this Credit Agreement will nobs subject to, but any imnsfrr of my obligations will be subJcet to. Ankle S of the Uniform Commercial Code. 1011 ALABAMA RESIDENTS: CAUTION — IT IS IMPORTANT THAT YOU THOROUGHLY READ THE CONTRACT BEFORE YOU SIGN IT. FOR WISCONSIN RESIDENTS; NOTICE TO CUSTOMER: (o) DO NOT SIGN THIS CREDIT AGREEMENT BEFORE YOU READ THE WRITING ON THE FOLLOWING PACES, EVEN IF OTHERWISE ADVISED. (b) DO NOT SIGN THIS CREDIT AGREEMENT 11 IT CONTAINS ANY BLANK SPACES. (e) YOU ARE ENTITLED TO AN ExACT COPY OF ANY AGREEMENT YOU SIGN. (d) YOU HAVE THE RIGHT AT ANY TIME TO PAY IN ADVANCE THE UNPAID BALANCE UNDER THIS CREDIT AGREEMENT AND YOU MAY BE ENTITLED TO A PARTIAL REFUND OFT E FINANCE CHARGE. PLEASE SIGN BELOW tttali jlds Page Wlth P . f of Irfcom; _ Enrollment — FAX TO: 600. 704.8408. �p Signature of Borrower _ Date 07- BY SIGNING THIS CREDIT AGREE ft>2:'" BELOW, I CERTIFY THAT I INTEND TO (I) APPLY FOR JOINT CREDIT AND (1) BI TLY LIABLE WITH THE BORROWER FOR THIS LOAN. Signature of Cosigner Date CI.0S06,CLCO.IOSC.0IOS I of 5 BORROWER COPY CtSWF PNO3_CI.0609_p.CO.F_X P SIC..M0 078244.pol - ©5" THOFPEN i!'1iL1JIL1 II ,.0 OF COMMON PLEAS Judicial District, County Of CUMBERLAND 0110E OF APPEAL FROM MAGBTEROAL ENSTRteT JUDGE JUDGMENT COMMON PLEAS No. I 62.1 0-• 1 NOT[CE OF APPEAL Notice is given that the appellant has filed in the above Court of Common Pleas an appeal from the judgment rendered by the Magisterial District Judge on the date and in the case referenced below. NAME OF APPELLANT NATIONAL COLLEGIATE STUDENT LOAN TRUST MAG. DIST. NO. 09-1-03 NAME OF MDJ HONORABLE RICHARD S DOUGHERTY ADDRESS OF APPELLANT 7595 MONTEVIDEO RD CITY JESSUP STATE MD ZIP CODE 20794 TE OF JOD MENT 3/4/14 IN THE CASE OF (Plaintiff) NATIOANL COLLEGIATE STUDENT CV-097-13 VS (Defend DAVID BECIROVIC SIGNATUR APPELLANT OR OR Y OR This block will be signed ONLY when this notation is required under Pa. R.C.P.D.J. No. 1008B. This Notice of Appeal, when received by the Magisterial District Judge, will operate as a SUPERSEDEAS to the judgment for possession in this case. Signature of Prothonotary or Deputy Tmant (se 1 Pa. R.C.P.D.J. No. 1001(6) in action before a Magisterial District li,udge, A COMPLAINT MUST BE FILED within twenty (20) days after filing the NO 4CE of APPEAL. (..) rn C-77 fin PRAECIPE TO ENTER RULE TO FILE COMPLAINT AND RULE TO FILE , (This section of form to be used ONLY when appellant was DEFENDANT (see Pa.R.C.P.D.J, No. 1001(7) in acti56,0fo rt*Magiirial District Judge. IF NOT USED, detach from copy of notice of appeal to be served upon appellee. > CI —< appellee(s), to file a complaint in this appeal PRAECIPE: To Prothonotary Enter rule upon Name of appellee(s) (Common Pleas No. ) within twenty (20) days after service of rule or suffer entry of judgment of non pros. Signature of appellant or attorney or agent RULE: To , appellee(s) Name of appettee(s) (1) You are notified that a rule is hereby entered upon you to file a complaint in this appeal within twenty (20) days after the date of service Df this rule upon you by personal service or by certified or registered mail. (2) If you do not file a complaint within this time, a JUDGMENT OF NON PROS MAY BE ENTERED AGAINST YOU. (3) The date of service of this rule if service was by mail is the date of the mailing. Date: 20 Signature of Prothonotary or Deputy YOU MUST INCLUDE A COPY OF THE NOTICE OF JUDGMENT/TRANSCRIPT FORM WITH THIS NOTICE OF APPEAL. COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND Mag. Dist. No: MDJ- 09 -1 -03 MDJ Name: Honorable Richard S. Dougherty Address: 98 South Enola Drive, Suite 1 Enola, PA 17025 Telephone: 717 -728 -2805 National Collegiate Student Loan Trust 2006 -1 c/o NCO Financial Systems Inc 7595 Montevideo Rd Jessup, MD 20794 Disposition Details Disposition Summary Docket No MJ- 09103 -CV- 0000097 -2013 (cc - Cross Complaint) Plaintiff Defendant National Collegiate Student Loan David Becirovic Trust 2006 -1 o c o udgmentiTranacdpt Chi Case National Collegiate Student Loan Trust 2006 -1 V. David Becirovic Docket No: MJ- 09103 -CV- 0000097 -2013 Case Filed: 5/28/2013 Disposition Judgment for Defendant ANY PARTY HAS THE RIGHT TO APPEAL WITHIN 30 DAYS AFTER THE ENTRY OF JUDGMENT BY FILING A NOTICE OF APPEAL WITH THE PROTHONOTARY /CLERK OF COURT OF COMMON PLEAS, CIVIL DIVISION. YOU MUST INCLUDE A COPY OF THIS NOTICE OF JUDGMENT/TRANSCRIPT FORM WITH YOUR NOTICE OF APPEAL. EXCEPT AS OTHERWISE PROVIDED IN THE RULES OF CIVIL PROCEDURE FOR MAGISTERIAL DISTRICT JUDGES, IF THE JUDGMENT HOLDER ELECTS TO ENTER THE JUDGMENT IN THE COURT OF COMMON PLEAS, ALL FURTHER PROCESS MUST COME FROM THE COURT OF COMMON PLEAS AND NO FURTHER PROCESS MAY BE ISSUED BY THE MAGISTERIAL DISTRICT JUDGE. UNLESS THE JUDGMENT IS ENTERED IN THE COURT OF COMMON PLEAS, ANYONE INTERESTED IN. THE JUDGMENT MAY FILE A REQUEST FOR ENTRY OF SATISFACTION WITH THE MAGISTERIAL DISTRICT JUDGE IF THE JUDGMENT DEBTOR PAYS IN FULL, SETTLES, OR OTHERWISE COMPLIES WITH THE JUDGMENT. :('RAR0;! 2 14 Date Magisterial District Judge Richard S. Dougherty I certify that this is a true and correct copy of the record of the proceedings containing the judgment. Date Magisterial District Judge n ` F Disposition Date 03/04/2014 \ • MDJS 315 Page 1 of 2 Printed: 03/04/2014 1:07:31PM National Collegiate Student Loan Trust 2006-1 v. David Becirovic Plaintiff(s) PaclicIpant Lt National Collegiate Student Loan Trust 2006-1 c/o NCO Financial Systems inc 7595 Montevideo Rd Jessup, MD 20794 Defendant(s) David Becirovic 214 Hummel Avenue Lemoyne, PA 17043 Corrnplainant's Attorney(s) Jason Daniel Arnold, Esq. Pressler & Pressler 7 Entin Road Parsippany, NJ 07054 Attorney Michael F. Ratchford, Esq. Edwin A. Abrahamsen & Associates, PC 120 North Keyser Ave Scranton, PA 18504 Docket No.: MJ-09103-CV-0000097-2013 MDJS 315 Page 2 of 2 Printed: 0 /04/20 4 1:07:31PM IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA NATIONAL COLLEGIATE : STUDENT LOAN TRUST 2006-1 : CIVIL ACTION c/o NCO Financial Systems Inc. : Plaintiff : vs. C// 1,0 AWS "' Coufiv tV4IV/A" DAVID BECIROVIC /tf— IG/9 (»z- '..-7?7/79 Defendant : NO: 2013-C-3431 CERTIFICATE OF SERVICE I, Scott J. Best, Esquire, hereby certify that I caused a true and correct copy of the Plaintiffs Amended Complaint was served via first class United States Mail, postage prepaid on the date set forth below upon the following attorney for Defendants: Daniel Puskar, Esquire 129 S. Pitt St. Carlise, PA 17013 Date: 5 (41 i y BY: Ed in A. •raham•:en & Associates, P.C. Michael F. Ratchford, Esquire Scott J. Best, Esquire Attorney I.D. Nos.: 86285, 93600 120 N Keyser Avenue Scranton, PA 18504 (570) 558-5510 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA NATIONAL COLLEGIATE STUDENT LOAN TRUST 2006-1 : CIVIL ACTION c/o NCO Financial Systems Inc. Plaintiff : vs. DAVID BECIROVIC. Defendant : NO: 14 -1619 -CT rty .. NOTICE TO DEFEND You have been sued in court. If you wish to defend against the claims set forth in the following pages, you must take action within twenty (20) days after this Complaint and Notice to Defend are served, by entering a written appearance personally or by an attorney and filing in writing with the court your defenses or objections to the claims set forth against you. You are warned that if you fail to do so the case may proceed without you and a judgment may be entered against you by the court without further notice for any money claimed in the Complaint or for any other claim or relief requested by the plaintiff. You may lose money or property or other rights important to you. YOU SHOULD TAKE THIS PAPER TO YOUR LAWYER AT ONCE. IF YOU DO NOT HAVE A LAWYER OR CANNOT AFFORD ONE, GO TO OR TELEPHONE THE OFFICE SET FORTH BELOW TO FIND OUT WHERE YOU CAN GET LEGAL HELP. IF YOU CANNOT AFFORD TO HIRE A LAWYER, THIS OFFICE MAY BE ABLE TO PROVIDE YOU WITH INFORMATION ON AGENCIES THAT MAY OFFER LEGAL SERVICES TO ELIGIBLE PERSONS AT REDUCED FEE OR NO FEE. MIDPENN LEGAL SERVICES 401 EAST LOUTHER STREET CARLISLE, PA 17013 717-243-9400 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA NATIONAL COLLEGIATE STUDENT LOAN TRUST 2006-1 : CIVIL ACTION do NCO Financial Systems Inc. Plaintiff : vs. DAVID BECIROVIC Defendant : NO: 14 -1619 -CT AMENDED COMPLAINT Plaintiff, NATIONAL COLLEGIATE STUDENT LOAN TRUST 2006-1, by and through its attorneys, Edwin A. Abrahamsen & Associates, P.C., complains of the Defendant as follows: 1. The defendant DAVID BECIROVIC (hereinafter "Defendant") is an adult individual residing at 214 HUMMEL AVE LEMOYNE PA 17043-2066. 3. On or about July 18, 2005, the defendant executed the written promissory note with Citizens Bank of Rhode Island, for the payment of tuition in which the defendants were required to make monthly payments in accordance with the terms set forth in the credit agreement. A copy of the promissory note, is attached hereto as Exhibit "A." 4. The total amount of the loan sought was $6485.00. See, Exhibit "A." 5. On or about August 26, 2005, an initial disbursement in the amount of $3242.00 was made to Defendant to be used for educational purposes at the Academy of Medical Arts & Business for the academic period of July 2005 -July 2006 were disbursed to Defendant. See, Exhibit "A." 6. On or about December 2, 2005, a second disbursement in the amount of $3242.00 was made to Defendant to be used for educational purposes at the Academy of Medical Arts & Business for the academic period of July 2005 -July 2006 were disbursed to Defendant. See, Exhibit "A." 7. Defendant, by and through his signature and acceptance of the funds, agreed to be bound by the terms and conditions of the written Promissory Note. 8. The Principal amount of the Loan, inclusive of costs and fees, was $6582.74. See, Exhibit "A." 9. The terms of the Promissory Note called for monthly payments to be made as more fully set forth therein. 10. The defendants failed to make the required payments when due, the last payment made on February 19, 2010. A true and correct copy of Defendants' Payment History report is attached hereto as Exhibit "B." 11. As a result of lack of payments, the account was originally charged -off on February 1, 2011 with a balance due of $6876.30. See, Exhibit "B." 12. The total amount due, including principal and interest owed by defendants is $7326.71. See, Exhibit "B." 13. Plaintiff has declared Defendants to be in default and demands payment of the balance due from the Note. 14. Defendants' account was sold by Citizens Bank of Rhode Island to Plaintiff for valuable consideration, and all rights and interest in the account have been transferred to Plaintiff. A true and correct copy of the chain of title for the subject account is attached hereto, incorporated herein and marked as Exhibit "C." 15. NCO Financial Systems, Inc is the servicer of the account at issue for Plaintiff, and in that role, NCO is the custodian of records and maintains and manages the accounts for the Plaintiff. VERIFICATION I, Scott J. Best, attorney for Plaintiff, National Collegiate Student Loan Trust 2006-1, am fully familiar with the facts set forth in the within Amended Complaint and am authorized to make this Verification on behalf of Plaintiff I am making this Verification as Plaintiff is located outside of this jurisdiction and a Verification could not be obtained in the time required for this filing. I Verify that the facts set forth in the within allegations are true and correct to the best of my knowledge, based on information transmitted and provided to me by Plaintiff, knowing that any false statements are punishable by law pursuant to 18 C.S.A. 4904. A client verification has been requested and will be substituted for this attorney verification upon receipt. Scott J ire EXHIBIT A 56205 097114 * Cosigned CEI. * Loan Request/Credit Agreement -- Signature Page NONNEGOTIABLE CREDIT AGREEMENT - 11418 (S A CONSUMER CREDIT TRANSACTION LOAN RROGRAM INFORMATION TERI Continuing Education Loan Lender. Citizens Bank of Rhode Island School: ACADEMY OF MEDICAL ARTS & SUS Loan Amount Requested: $6485.00 Academic Period: 07/2005-0712005 Deferral Period Margin: 3.5 Repayment Period Margin: 3.5 Loan Origination Fee Percentage: 6.50 STUDENT BORROWER INFOfIMATION (Must be at least 18 years of age) , . _ Borrower Name: Seed Basic Home Address: 4101 F Beechwood Lane Harrisburg, PA 17112 Social Security # Date of Birth: 04/08/1958 Home Telephone: 7173795898 Student Citizenship (check one box): l0 U.S. Citizen 0 Eligible Na}CNhen (Attach front 8 back Dopy of CIS or student visa mud) Note: Personal reference name and address cannot match that of the Cosigner. Personal Reference Name: %paid Kitty Reference Home Tel a Q17123111770 Work Tel At Reference Street Address 3211 North Frail Shied Reference City/StatetZip: Harrkburl PA 11110 COSIGNER INFORMATION Myst be at. least 18 yeajof ape) . _ . . .. _ ... . . .. . . . .. Cosigner Name: Da' Becirovlc Home Address: 1672 Quail Drive Carlisle. PA 17013 Social Security #:' Dale of Birth: 05/11/1957 Home Telephone: 7172586735 Have you ever defaulted on a student loan or declared bankruptcy? 55 No 0 Yes Current Employer: PA DEPT Of REVENUE Employer Tetephorr: 7;177058170 Currant Position: Other Years There: 2 Teals Years et Previous Employment: Alimony, child support, or separate maintenance incomes do not hew to be revealed If you do not went them considered for fepaying this obligation. If you are relying on lush additional Income, please provide details on a separate sheet of paper. Cosigner Citizenship (check one box): Cl U.S. Citizen O Eligible Non -Citizen {Attach font 8 back copy of.CIS) Note: Personal reference name end address cannot match that of Ma Student Personal Reference Name: Susan Flenniken Reference Home Tel 0: pia) 949.77T7 . Work Tel a: Reference Street Address: Se Stale Avenue .t. '0 Reference City/State/Zip: WOOL Po 17413 By my signature. l certify that I rove mad understand and ages to the tern of and undertake the obligations sot forth on DI tour (4) pales of this Loon Request/Credit Agccneat C105-06.CLCO.IOSC.0105 ("Credit Agrcemrnf . I understand dot any meson who knowingly malts s fah° statemem or misrepresentation on rhb.fosm is subject to penalies. which may iodate linea or imprisonment. This Credit Apamow is signed under seal I understand flat I am oat requital to fan my riyieture on nor no sign electronically this Credit Agreement and any tamed notices that require signature. If f choose to fan my signature on or to sign demonically this Credit Agreement and any mimed notices that require aigkature, I intend: Many fan or electronic signature to be an electronic signature under applicable federal and stmt taw. (ii) any fax printout or printout of Lender's electronic record of this Credit Agreement and :clued notices to be an original doeamt et. (id) to conduct business with the Lender by elecmnic records and electronic signatures. and (iv) that this Credit Agreement will sot he governed by Article 3 of the Uniform Commercial Codr, and my obligations under this Credit Agreement will not be subject to, but any transfer of my obligations will be subject ro. Ankle 9 of the Uniform Commcecint Code. FOR ALABAMA RESIDENTS: CAUTION — IT IS IMPORTANT THAT YOU THOROUGHLY READ THE CONTRACT BEFORE YOU SIGN IT. FOR WISCONSIN RESIDENTS: NOTICE TO CUSTOMER: (s) DO NOT SIGN THIS CREDIT AGREEMENT BEFORE YOU READ THE WRITING ON THE FOLLOWING PAGES, EVEN IF OTHERWISE ADVISED. (b) DO NOT SIGN THIS CREDIT AGREEMENT IF IT CONTAINS ANY BLANK SPACES, (c) YOU ARE ENTITLED TO AN EXACT COPY OF ANY AGREEMENT YOU SIGN. (d) YOU HAVE THE RIGHT AT ANY TIME TO PAY IN ADVANCE THE UNPAID BALANCE UNDER THIS CREDIT AGREEMENT AND YOU MAY BE ENTITLED TO A PARTIAL REFUND OF E FINANCE CHARGE. PLEASE SIGN BELOW - URN ane With P f of I . :. Enrollment - FAX TO: 800.7049408. Signature of Borrower Date 07- �t �Q `of BY SIGNING THIS CREDIT AGREEM BELOW, I CERTIFY THAT I INTEND TO (I) APPLY FOR JOINT CREDIT AND (i) BE TTLYt LIABLE WITH THE BORROWER FOR THIS LOAN, • Signature of Cosigner ;(lDate 01 ' CIAYO6.CLCO.IOSC.OIOt I of 5 BORROWER COPY CISCOF Rflt3_CLOS06_CLCO F_x.B* iCj tcoO76o4 .pd In this Credit Agreement, the words "I", "me", "my", and "mine" mean the person(s) who signed this Credit Agreement as Borrower and Cosigner. The words "you', 'spur', "yours", and "Lender" mean Citizens Bank of Rhode Island, its successors and assigns, and any other holder of this Credit Agreement. "School" means the school named at the top of the first page of this Credit Agreement. The "servicer" means the Lender or any entity it designates to service my loan. A. PROMISE TO PAY: I promise to pay to you the principal sum of the Loan Amount Requested shown on the first page of this Credit Agreement, to the extent it is advanced to me or paid on my behalf, and any Loan Origination Fee added to my loan (see Paragraph F) ("Principal Sum"), interest on such Principal Sum, interest on any unpaid interest added to the Principal Sum and late fees (see Paragraph E.6). B. IMPORTANT — READ THIS CAREFULLY: 1. When you receive my signed Credit Agreement, you are not agreeing to lend me money. If you decide to make a loan to me, you will electronically transfer the loan funds to the School for me, mail a loan check to the School for me, or mail a loan check directly to me. You have the right to not make a loan or to lend an amount less than the Loan Amount Requested. I agree to accept an amount less than the Loan Amount Requested and to repay that portion of the Loan Amount Requested that you actually lend to me. You have the right to disburse my loan through an agent. At your option, you may also make any loan check co -payable to me and the Cosigner or to me and the School. 2. HOW I AGREE TO THE TERMS OF THIS LOAN. By signing this Credit Agreement, and submitting it to the Lender, I am requesting that you make this loan to me in an amount equal to the Loan Amount Requested plus any Loan Origination Fee described in Paragraph F of this Credit Agreement. If you approve this request and agree to make this loan, you will notify me in writing and provide me with a Disclosure Statement, as required by law, at the time the loan proceeds are disbursed. The Disclosure Statement is incorporated herein by reference and made a part hereof. The Disclosure Statement will tell me the amount of the loan which you have approved, the amount of the Loan Origination Fee, and other important information. I will let you know that I agree to the terms of the loan as set forth in this Credit Agreement and in the Disclosure Statement by doing either of the following: (a) endorsing or depositing the check that disburses the loan proceeds; or (b) allowing the loan proceeds to be used by or on behalf of the Student without objection. Upon receipt of the Disclosure Statement, I will review the Disclosure Statement and notify you in writing if I have any questions. If I am not satisfied with the terms of my loan as disclosed in the Disclosure Statement, I may cancel my loan. To cancel my loan, I will give you a written cancellation notice within ten (10) days after I receive the Disclosure Statement. If loan proceeds have been disbursed, I agree that I will immediately return the loan proceeds to you, will not endorse any check which disburses the loan proceeds and will instruct the School to return any loan proceeds to you. If I give notice of cancellation but do not comply with the requirements of this Paragraph B.2, this Credit Agreement will not be canceled and I will be in default of this Credit Agreement. (See Paragraph I.) C. DEFINITIONS: 1. "Disbursement Date" means the date or dates on which you lend money to me in consideration for my Credit Agreement and will be the date(s) shown on any loan check you prepare or the date(s) you initiate any electronic funds transfer. 2. The "Deferment Period" will begin on the Disbursement Date and end on the Deferment End Date. 3. "Deferment End Date" has the following meaning: (a) If the Student is enrolled in a degree or certificate -granting program at the School, the earlier of the date which is (i) 180 days after the Student graduates or earns the certificate, (ii) 180 days after the Student ceases to be enrolled at the School, or (iii) 2 years after date of the loan disbursement under this Credit Agreement. (b) If the Student is not enrolled in a degree or certificate -granting program at the School, the earlier of the date which is (i) 180 days after the end of the Academic Period described on the first page of this Credit Agreement, or (ii) 180 days after the Student ceases to be enrolled at the School. 4. The "Repayment Period" begins the day after the Deferment Period ends. The Repayment Period is 20 years unless monthly payments equal to the minimum monthly payment amount (See Paragraph E.2) will repay all amounts owed in less than 20 years, in which case the Repayment Period will be the number of months necessary to pay in full the amount I owe at the minimum payment. D. INTEREST: 1. Accrual — Beginning on the Disbursement Date, interest will be calculated at the Variable Rate (Paragraph D.2) and charged on the Principal Sum, and on any unpaid interest later added to the Principal Sum according to Paragraph D.3. During the Repayment Period, interest will be calculated at the Variable Rate and charged on the outstanding balance of this Credit Agreement until all amounts are paid in full. Interest will be calculated on a daily simple interest basis. The daily interest rate will be equal to the annual interest rate in effect on that day, divided by the number of days in that calendar year. 2. Variable Rate — The "Variable Rate" is equal to the Current Index plus a Margin. The Margins for both the Deferment Period and the Repayment Period are shown on the first page of this Credit Agreement. In no event will the Variable Rate exceed the maximum interest rate allowed by the laws of the State of Rhode Island. The Variable Rate will change quarterly on the first day of each January, April, July and October (the "Change Date(s)") if the Current Index changes. The 'Current Index" for any calendar quarter beginning on a Change Date (or for any shorter period beginning on {W0276892.5}CLO5-06.CLCO.I OSC.OI O5 2 of 4 the Disbursement Date and ending on the last day of a calendar quarter) is based on the one-month London Interbank Offered Rate ("LIBOR") as published in the "Money Rates" section of The Wall Street Journal. The index for each calendar quarter (or for any shorter period beginning on a Disbursement Date and ending on the last day of a calendar quarter) will equal the average of the LIBOR rates published on the first business day of each of the three (3) immediately preceding calendar months, rounded to the nearest one-hundredth percent (0.01%). If The Wall Street Journal is not published or the Current Index is not given on that date, then the Current Index will be determined by using the immediately preceding published Current Index. If the Current Index is no longer available, you will choose a comparable index. 3. Capitalization — I understand that you will add all accrued and unpaid interest to the principal balance of my loan ("capitalize interest") as of the last day of the Deferment Period and at the end of any forbearance period. In all cases, the sum is thereafter considered the principal, and interest will accrue on the new principal balance. E. TERMS OF REPAYMENT: 1. Deferment Period — You will send statements during the Deferment Period (showing the total outstanding principal balance of my loan and the interest that has accrued on my loan). You reserve the right to send statements or notices to either the Borrower or the Cosigner. Statements will be sent to the address shown on your records. I may, but am not required to, make payments during the Deferment Period. You will add any interest that I do not pay during the Deferment Period to the principal loan balance at the end of the Deferment Period, as described in Paragraph D.3. Thereafter, the accrued interest will be treated as principal. 2. Repayment Period — The amount of my monthly payment ("Monthly Payment Amount") will be established based on the rules in this Credit Agreement when my Repayment Period begins. During the Repayment Period, you will send me monthly statements that show the Monthly Payment Amount and the payment due dates, and I will pay the Monthly Payment Amount shown on my monthly statement, which amount will in no event be less than $25 or the unpaid balance, whichever is less. I understand that the Monthly Payment Amount is due each month. I may pay more than my Monthly Payment Amount at any time without penalty or charge. If my loan is in paid - ahead status, I may, but will not be required to make monthly payments. You reserve the right to send monthly statements to the Borrower and/or the Cosigner. Even if I do not receive monthly statements, I will make consecutive monthly payments in amounts at least equal to the Monthly Payment Amount by the applicable payment due dates until I have paid all of the principal and interest and any other charges I may owe under this Credit Agreement. 3. Repayment Terms — My Monthly Payment Amount will be calculated as of the day the Repayment Period begins ("Repayment Date"). It will be recalculated (a) once each year prior to the anniversary of the Repayment Date, (b) if the Variable Rate changes between anniversaries of the Repayment Date to the extent that the Monthly Payment Amount would not pay in full the accrued monthly interest on my loan, (c) following any subsequent deferment or forbearance period or (d) following any request by the Borrower to the servicer to change the monthly payment due date (each of which events is a new "Repayment Date"). As of any Repayment Date, my Monthly Payment Amount will be recalculated. My new Monthly Payment Amount will be disclosed to me by the servicer. The new Monthly Payment Amount will equal the amount necessary to pay in full, over the number of months remaining in the Repayment Period, the amount I owe in equal monthly installments of principal and interest at the Variable Rate in effect at the time of the calculation. I understand that this may result in a reduction or increase in my monthly payment as calculated as of each Repayment Date. I understand that during the Repayment Period the servicer may change the monthly payment due date of future payments to a later date for the convenience of the servicer in processing payments or in order to coordinate the due dates of all of my loans processed by the servicer. 4. Amounts Owing at the End of the Repayment Period — Since interest accrues daily upon the unpaid principal balance of my loan, if I make payments after my payment due dates, I may owe additional interest. If I have not paid my late fees, I will also owe additional amounts for those late fees. In such cases you will increase the amount of my last monthly payment to the amount necessary to repay my loan in full. 5. Payments — Payments will be applied first to late fees, other fees and charges, accrued interest, and the remainder to principal. 6. Other Charges - If any part of a monthly payment remains unpaid for a period of more than 15 days after the payment due date, I will pay a late fee not exceeding $5.00 or 5% of the overdue payment amount, whichever is less. To the extent permitted by law, I agree to pay you all amounts you incur in enforcing the terms of this Credit Agreement, including reasonable collection agency and attorneys' fees and court costs and other collection costs. F. LOAN ORIGINATION FEE: If you charge me, I will pay you a Loan Origination Fee at the time my loan is disbursed. The dollar amount of any Loan Origination Fee will be determined by multiplying the Principal Sum times the Loan Origination Fee Percentage shown on the first page of this Credit Agreement. The percentage would be higher if computed only on the amount advanced rather than on the entire Principal Sum (Loan Origination Fee plus the loan amount advanced). For example, a nominal Loan Origination Fee of 6.5% on the entire principal amount would equal 6.9519% of the amount advanced. The Loan Origination Fee I will pay, if any, will be shown on my Disclosure Statement and included with the Principal Sum. To the extent permitted by law, and unless I timely cancel this Credit Agreement (see Paragraph 6.2), I will not be entitled to a refund of any Loan Origination Fee after my loan has been disbursed. G. RIGHT TO PREPAY: I have the right to prepay all or any part of my loan at any time without penalty. H. FORBEARANCE: If I am unable to repay my loan in accordance with the terms established under this Credit Agreement because of a hardship such as financial or medical difficulty, I may request that you modify these terms. I understand that such modification would be at your option. I understand that I will remain responsible for all interest accruing during any period of forbearance and that you will add any interest that I do not pay during any forbearance period to the principal balance, as described in Paragraph D.3. I. WHOLE LOAN DUE: To the extent permitted by applicable law, I will be in default and you have the right to give me notice that the whole outstanding principal balance, accrued interest, and all other amounts payable to you under the terms of this Credit Agreement, are due and payable at once (subject to any applicable law which may give me a right to cure my default) it (1) I fail to make any monthly payment to you when due, (2) I die, (3) I break any of my other promises in this Credit Agreement, (4) any bankruptcy proceeding is begun by or against me, or I assign any of my assets for the benefits of my creditors, or (5) I make any false written statement in applying for this loan or any other loan or at any time during the Deferment or Repayment Periods. If I default, I will be required to pay interest on this loan accruing after default. The interest rate after default will be subject to adjustment in the same manner as before default. Upon default, you may also capitalize any interest and fees (i.e., add accrued and unpaid interest and fees to the principal balance), and increase the Margin used to compute the Variable Rate by two percentage points (2%). J. NOTICES: 1. I will send written notice to you, any subsequent holder of this Credit Agreement, and the servicer within ten days after any change in name, address; or enrollment status (for example, if the Borrower withdraws from the School or transfers to another school participating in this loan program). 2. Any notice required to be given to me by you will be effective when mailed by first class mail to the latest address you have for me. Unless required by applicable law, you need not give a separate notice to the Cosigner. K. INFORMATION: 1. I must update the information I provided to you whenever you ask me to do so. 2. I authorize you from time to time to request and receive from others credit related information about me (and about my spouse if I live in a community property state). 3. CREDIT BUREAU REPORTING You may report information about my account to credit bureaus. Late payments, missed payments, or other defaults in my account may be reflected in my credit report. I understand that the reporting of information about my account to credit bureaus may adversely affect my credit rating and my ability to obtain other credit You may also report the status of my loan and my payment history, including information about a late payment missed payment or other defaults, to the School and others in accordance with applicable law. L. ADDITIONAL AGREEMENTS: 1. I understand that you are located in Rhode Island and that this Credit Agreement will be entered into in the same state. CONSEQUENTLY, THE PROVISIONS OF THIS CREDIT AGREEMENT WILL BE GOVERNED BY FEDERAL LAW AND THE LAWS OF THE STATE OF RHODE ISLAND, WITHOUT REGARD TO CONFLICT OF LAW RULES. 2. The proceeds of this loan will be used only for my educational expenses at the School. The Cosigner will not receive any of the loan proceeds. 3. My responsibility for paying the loan evidenced by this Credit Agreement is unaffected by the liability of any other person to me or by your failure to notify me that a required payment has not been made. Without losing any of your rights under this Credit Agreement you may accept (a) late payments, (b) partial payments or (c) payments marked "paid in full" or with other restrictions. You may delay, fail to exercise, or waive any of your rights on any occasion without losing your entitlement to exercise the right at any future time, or on any future occasion. You will not be obligated to make any demand upon me, send me any notice, present this Credit Agreement to me for payment or make protest of non-payment to me before suing to collect on this Credit Agreement if I am in default, and to the extent permitted by applicable law, I hereby waive any right I might otherwise have to require such actions. I WILL NOT SEND YOU PAYMENTS MARKED "PAID IN FULL", "WITHOUT RECOURSE" OR WITH OTHER SIMILAR LANGUAGE UNLESS THOSE PAYMENTS ARE MARKED FOR SPECIAL HANDLING AND SENT TO THE ADDRESS IDENTIFIED FOR SUCH PAYMENTS ON MY BILLING STATEMENT, OR TO SUCH OTHER ADDRESS AS I MAY BE GIVEN IN THE FUTURE. 4. I may not assign this Credit Agreement or any of its benefits or obligations. You may assign this Credit Agreement at any time. 5. The terms and conditions set forth in this Credit Agreement and Instructions and the Disclosure Statement constitute the entire agreement between you and me. 6. If any provision of this Credit Agreement is held invalid or unenforceable, that provision shall be considered omitted from this Credit Agreement without affecting the validity or enforceability of the remainder of this Credit Agreement 7. A provision of this Credit Agreement may only be modified if jointly agreed upon in writing by you and me. Any modification will not affect the validity or enforceability of the remainder of this Credit Agreement. { W0276892.5}Ct.05-06. CLCO.10SC.0105 3 of 4 8. To the extent permitted by law, you have the right to apply money from any of my deposit account(s) with you to pay all or a portion of any amount overdue under this Credit Agreement I hereby authorize you to obtain from the School all amounts which may be owed to me by the School, including any refund due to overpayment, early termination of enrollment, or otherwise. 9. If this Credit Agreement is executed by more than one Borrower, each Borrower agrees that any communication between you and any of the Borrowers will be binding on all of the Borrowers. I intend to be treated as a principal of this Credit Agreement and not as a surety. To the extent I may be treated as a surety, I waive all notices to which I might otherwise be entitled as such by law, and all suretyship defenses that might be available to me (including, without limitation, contribution, subrogation and exoneration). I agree that the Borrower may agree to any forbearance or other modification of the repayment schedule and that such agreement will be binding on me. It shall not be necessary for you to resort to or exhaust your remedies against the borrower before calling upon me to make repayment. For purposes of this paragraph only, "I" and "me" refer to the Cosigner only. 10. All dollar amounts stated in this Credit Agreement are in United States dollars. I will make all payments in United States Dollars with no deduction for currency exchange. 11. If the Student fails to complete the education program paid for with this loan, the Cosigner and I are not relieved of any obligation within or pursuant to this Credit Agreement. 12. I acknowledge that the requested loan is subject to the limitations on dischargeability in bankruptcy contained in Section 523 (a) (8) of the United States Bankruptcy Code. Specifically, I understand that you have purchased a guaranty of this loan, and that this loan is guaranteed by The Education Resources Institute, Inc. ("TERI"), a non-profit institution. 13. I authorize any school that I may attend to release to you, and any other persons designated by you, any requested information pertinent to this loan (e.g. enrollment status, prior loan history, and current address). 14. I authorize the Lender, any subsequent holder of this Credit Agreement, and their agents to: (1) advise the School of the status of my application and my loan, (2) respond to inquiries from prior or subsequent lenders or holders with respect to my Credit Agreement and related documents, (3) release information and make inquiries to the persons I have given you as references, for the purposes of learning my current address and telephone number, (4) check my credit and employment history and to answer questions about their credit experience with me, and (5) disclose to TERI, the Borrower, and/or the Cosigner either in connection with this transaction or any future transaction all information (including status information and non-public personal information) of the Borrower and/or the Cosigner provided in connection with this Credit Agreement. If in the future I apply for a loan that is guaranteed by TERI and funded by another lender, I also authorize the sharing of application information for this loan (other than information in a consumer report) with the other lender and TERI and the reuse of such information by such new lender and TERI in my new application. 15. Waiver by Lender: You waive (give up) any right to claim a security interest in any property to secure this Credit Agreement. This does not affect any right to offset as a matter of law. 16. If I fax my signature(s) on the first page of this Credit Agreement back to you and keep the copy I signed, I understand that under federal law the fax you receive will be an original of the first page of this Credit Agreement. You and I agree that all copies of this Credit Agreement (including the fax you receive and the copy I retain), taken together, shall constitute a single original agreement. 17. If any Borrower or Cosigner elects to sign electronically an electronic record of this Credit Agreement, then the following will apply as between Lender and such person: (a) Lender will keep a non -modifiable electronic record of this document and provide a copy to me upon request, (b) I can and have downloaded and/or printed a copy of this document for my records or notified the Lender to mail me a copy of this document, and (c) the Lender's electronic record of this document and any printout from that record shall be an original for all purposes, including any lawsuit to collect amounts that I owe. If I physically sign a copy of this document that has been electronically signed by any other Cosigner or Borrower, as between me and the Lender the copy I sign (and any fax of that copy I may send to Lender) will be an original. However, the electronic signature of another party to this Credit Agreement and the Lender's electronic record of this document containing that signature will be as valid against me as an original, physical document that is physically signed by all parties. M. DISCLOSURE NOTICES ALL APPLICANTS: IMPORTANT FEDERAL LAW NOTICE— Important infonnation about procedures for opening a new account: To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions 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, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents. CALIFORNIA RESIDENTS: I have the right to prohibit the use of information contained in my credit file in connection with transactions not initiated by me. I may exercise this right by notifying the consumer credit reporting agency. A married applicant may apply for a separate account. If you take any adverse action as defined by Section 1785.3 of the California Civil Code and the adverse action is based, in whole or in part, on any information contained in a consumer credit report, I have the right to obtain within 60 days a free copy of my consumer credit report from the consumer reporting agency who furnished you my consumer credit report and from any other consumer credit reporting agency which compiles and maintains files on consumers on a nationwide basis. I have the right as described by Section 1785.16 of the California Civil Code to dispute the accuracy or completeness of any information in a consumer credit report furnished by the consumer credit reporting agency. CALIFORNIA AND UTAH RESIDENTS: As required by California and Utah law, I am hereby notified that a negative credit report reflecting on my credit record may be submitted to a credit reporting agency if I fail to fulfill the terms of my credit obligations. IOWA, KANSAS AND NEBRASKA RESIDENTS (For purposes of the following notice, the word "you" refers to the Borrower and the Cosigner, not the Lender): NOTICE TO CONSUMER. This is a consumer credit transaction. 1. DO NOT SIGN THIS CREDIT AGREEMENT BEFORE YOU READ THE CREDIT AGREEMENT. 2. YOU ARE ENTITLED TO A COPY OF THIS CREDIT AGREEMENT. 3. YOU MAY PREPAY THE UNPAID BALANCE AT ANY TIME WITHOUT PENALTY AND MAY BE ENTITLED TO A REFUND OF UNEARNED CHARGES IN ACCORDANCE WITH LAW. MARYLAND RESIDENTS: In Paragraph L.1, Lender and I have agreed that this Credit Agreement is governed by federal law and the laws of Rhode Island, without regard to conflict of laws rules; if any court should nevertheless determine that this Credit Agreement is subject to Maryland laws concerning credit, then only to the extent that Maryland law applies, Lender and I agree and elect that this loan is made under and governed by Subtitle 10, Credit Grantor Closed End Credit Provisions, of Title 12 of the Commercial Law Article of the Annotated Code of Maryland, except as preempted by federal law. MISSOURI RESIDENTS: Oral agreements or commitments to loan money, extend credit or to forbear from enforcing repayment of a debt including promises to extend or renew such debt are not enforceable. To protect me (borrower(s)) and you (creditor) from misunderstanding or disappointment, any agreements we reach covering such matters are contained in this writing, which is the complete and exclusive statement of the agreement between us, except as we may later agree in writing to modify it. NEVADA RESIDENTS: This is a loan for study. NEW JERSEY RESIDENTS: The section headings of this Credit Agreement are a table of contents and not contract terms. Portions of this Credit Agreement with references to actions taken to the extent of applicable law apply to acts or practices that New Jersey law permits or requires. In this Credit Agreement, acts or practices (i) by you which are or may be permitted by "applicable law" are permitted by New Jersey law, and (ii) that may or will be taken by you unless prohibited by "applicable law" are permitted by New Jersey law. NEW YORK, RHODE ISLAND AND VERMONT RESIDENTS: A consumer report (credit report) may be obtained from a consumer -reporting agency (credit bureau) in connection with this loan. If I request (1) I will be informed whether or not consumer reports were obtained, and (2) if reports were obtained, I will be informed of the names and addresses of the credit bureaus that furnished the reports. If you agree to make this loan to me, a consumer credit report may be requested or used in connection with renewals or extensions of any credit for which I have applied, reviewing my loan, taking collection action on my loan, or legitimate purposes associated with my loan. OHIO RESIDENTS: The Ohio laws against discrimination require that all creditors make credit equally available to all credit worthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law. WISCONSIN RESIDENTS: For married Wisconsin residents, my signature on this Credit Agreement confirms that this loan obligation is being incurred in the interest of my marriage or family. No provision of any marital property agreement (pre -marital agreement), unilateral statement under Section 766.59 or court decree under Section 766.70 adversely affects the interest of the Lender unless the Lender, prior to the time that the loan is approved, is furnished with a copy of the agreement, statement, or decree or has actual knowledge of the adverse provision when the obligation to the Lender is incurred. If the loan for which I am applying is granted, my spouse will also receive notification that credit has been extended to me. N. BORROWER'S CERTIFICATION: I declare under penalty of perjury under the laws of the United States of America that the following is true and correct. I certify that all information I provided to you in connection with this loan, including without (wo27e892.5)C1.05-06.CLC0.10SC.0105 4 of 4 limitation, the information contained in this Credit Agreement, is true, complete and correct to the best of my knowledge and belief and is made in good faith. I understand that I am responsible for repaying immediately any funds that I receive which are not to be used or are not used for educational expenses related to attendance at the School for the academic period stated. I certify that I am not now in default on a Federal Perkins Loan, a Federal Stafford Loan, a Federally Insured Student Loan, a Federal Supplemental Loan for Students (SLS), a Federal PLUS Loan, an Income Contingent Loan, a Federal Consolidation Loan, a Federal Ford Direct Loan, or any other education loan received for attendance at any school. 0. STATE -SPECIFIC COSIGNER NOTICES: For the purposes of the following notices only, the words 'you' and "your" refer to the Cosigner, where applicable, not to the lender. FOR OBLIGORS COSIGNING IN IOWA, NEW YORK AND SOUTH CAROLINA: NOTICE: You agree to pay the debt identified below although you may not personally receive any property, goods, services, or money. You may be sued for payment although the person who receives the property, goods, services, or money is able to pay. You should know that the Total of Payments listed below does not include finance charges resulting from delinquency, late charges, repossession or foreclosure costs, court costs or attorney's fees, or other charges that may be stated in this Credit Agreement or contract. You will also have to pay some or all of these costs and charges if this Credit Agreement or contract, the payment of which you are guaranteeing requires the borrower to pay such costs and charges. This notice is not the Credit Agreement or contract that obligates you to pay the debt. Read the Credit Agreement or contract for the exact terms of your obligation. IDENTIFICATION OF DEBT (5) YOU MAY HAVE TO PAY Name of Debtor: The Borrower and Cosigner identified on the first page of this Credit Agreement. Name of Creditor: Citizens Bank of Rhode Island, and its successors and assigns. Date: If the loan is disbursed by check, the date of the check. If the loan is disbursed electronically, the date the creditor transmits the funds to the School. Kind of Debt: Education loan. Total of Payments: The Loan Amount Requested set forth on the first page of this Credit Agreement (to the extent advanced), plus interest and the Loan Origination Fee set forth in this Credit Agreement. FOR OBLIGORS COSIGNING IN VERMONT: NOTICE TO COSIGNER YOUR SIGNATURE ON THIS CREDIT AGREEMENT MEANS THAT YOU ARE EQUALLY LIABLE FOR REPAYMENT OF THIS LOAN. IF THE BORROWER DOES NOT PAY, THE LENDER HAS A LEGAL RIGHT TO COLLECT FROM YOU. FOR OBLIGORS COSIGNING IN WEST VIRGINIA: NOTICE TO COSIGNER You are being asked to guarantee this debt. Think carefully before you do. If the borrower doesn't pay the debt, you will have to. Be sure you can afford to pay it if you have to, and that you want to accept this responsibility. You may have to pay up to the full amount of the debt if the borrower does not pay. You may also have to pay late fees or collection costs, which increase this amount. The creditor can collect this debt from you without first trying to collect from the borrower. The creditor can use the same collection methods against you that can be used against the borrower, such as suing you, garnishing your wages, etc. If this debt is ever in default, that fact may become a part of your credit record. This notice is not the contract that makes you liable for the debt. (wo276892s}CLOS-06.CLC0.10S6)105 5 of 4 FEDERAL AND CALIFORNIA COSIGNER NOTICES For the purposes of these Notices, the words "you" and "your" refer to the Cosigner, not the Lender. NOTICE TO COSIGNER (Traduccion en Indies Se Requiere Por La Ley): You are being asked to guarantee this debt. Think carefully before you do. If the borrower doesn't pay the debt, you will have to. Be sure you can afford to pay if you have to, and that you want to accept this responsibility. You may have to pay up to the full amount of the debt if the borrower does not pay. You may also have to pay late fees or collection costs, which increase this amount. The holder of the loan can collect this debt from you without first trying to collect from the borrower. The holder of the loan can use the same collection methods against you that can be used against the borrower, such as suing you, garnishing your wages, etc. If this debt is ever in default, that fact may become part of your credit record. This notice is not the contract that makes you liable for the debt. AVISO PARA EL FIADOR (Spanish Translation Required by Law): Se le esta pidiendo que garantice esta deuda. Pienselo con cuidado antes de ponerse de acuerdo. Si la persona que ha pedido este prestamo no papa la deuda, usted tendra que pagarla. Este seguro de que usted podra pagar si sea obligado a pagarla y de que usted desea aceptar la responsabilidad. Si la persona que ha pedido el prestamo no paga la deuda, es posible que usted tenga que pagar la suma total de la deuda, mas los cargos por tardarse en el pago o el costo de cobranza, lo cual aumenta el total de esta suma. El acreedor (financiero) puede cobrarle a usted sin, primeramente, tratar de cobrarle al deudor. Los mismos metodos de cobranza que pueden usarse contra el deudor, podran usarse contra usted, tales como presentar una demanda en cone, guitar parte de su sueldo, etc. Si alguna vez no se cumpla con la obligacion de pagar esta deuda, se puede incluir esa informacibn en la historia de credito de usted. Este aviso no es el contrato mismo en que se le echa a usted la responsibilidad de la deuda. { W0276892. s}CI.05-06. CLCD. 10SC.0105.FD NOTE DISCLOSURE STATEMENT $ 3,291.37 Borrower(s) BASIC SEA D 03078244 Loan No. Student: Date: BASIC SEAD 4101 F BEECHWOOD LANE HARRISBURG , PA 17112 DAVID BECIROVIC BASIC SEAD August 26, 2005 Lender Name and Address; CITIZENS BANK OF RHODE ISLAND ONE CITIZENS PLAZA PROVIDENCE, RI 02903 This disclosure statement relates to one or more advances on your Loan Note disbursed on August 26, 2005 Because your Loan is either being disbursed in whole or in part, or is entering repayment, or the repayment temp are being modified, the following information about your Loan is being given to you. ANNUAL PERCENTAGE RATE The cost of your credit as a yearly rate. 6.121 % FINANCE CHARGE The dollar amount the credit will cost you. $ 2,808.40 Amount Financed The amount of credit provided to you or on your behalf $ 3,242.00 Total of Payments The amount you will Tuve paid atter you have made all payments scheduled. S 6,050.40 Your payment schedule will be: Number of Payments Amount of Payments* When Payments are due 240 S 25.21 On the 1st day of each month beginning on 12/2006 VARIABLE RATE: The Annual Percentage Rate, which is based on an index plus a margin, may increase during the term of the loan if the index rate increases. The index is (check one): [] Prime Rate Index Adjusted Monthly - The highest U.S. bank prime rate published in the "Money Rates" section of The Wgll Street Journal on the last business day of each calendar month. II Prime Rate Index Adjusted Quarterly - The highest U.S. bank prime rate published in the "Money Rates" section of The Wall Street Journal on the last business day of each calendar quarter (if the Lender identified above is Citibank ( New York State ), the index will be the highest U.S. Bank prime rate published in the "Money Rates` section of The Wall Street Journal on the date which is 30 days prior to the first day of each quarter). D LIBOR Index Adjusted Quarterly - The average of the one-month London Interbank Offered Rates published in the "Money Rates" section of The Wall Street Journal on the first business day of each of the three (3) calendar months immediately preceding the first day of each calendar quarter. Any increase in the index and the Annual Percentage Rate which occurs while principal payments arc deferred will increase the amount of any current and all future payments. Any increase in the Index and the Annual Percentage Rate which occurs while principal and interest payments arc deferred will increase the amount of all future payments. Any increase in the index and the Annual Percentage Rate which occurs after you have begun to make principal and interest payments on your loan will increase the amount of your future principal and interest payments beginning with your next annual payment adjustment date. For example, assume you obtain a loan in your junior year, in the amount of $ 10,000 at an interest rate of 11%, and you defer principal and interest payments until after your graduation, and the repayment term of the loan is 20 years. If the interest rate increased to 12% on January 1st of your senior year, the interest which accrues while principal and interest payments arc deferred will increase by $75.11, and your monthly principal and interest payments would increase by $9.05. SECURITY: You have given a security interest in all refunds or amounts owed to you at any time by the student's educational institution. Collateral securing other loans with the Lender may also secure this Loan. LATE CHARGES: If a payment is more than 15 days late, you may be charged $5.00 or 5% of the payment, whichever is less. If you default, Lender (or subsequent holder of your Loan Note) may increase the margin used to compute the Annual Percentage Rate by two percentage points (2%). PREPAYMENT: If you pay off early, you will not have to pay a penalty, See your contract documents for any additional information about non-payment, default, any required repayment in full before the scheduled date, any security interest, and prepayment refunds and penalties. Estimates: Alt numerical disclosures except the late payment disclosure are estimates. Principal Amount of Note (Amount Financed plus Prepaid Finance Charge) Itemization of Amount Financed Amount paid to ACADEMY OF MEDICAL ARTS & BUS and S Amount paid to BASIC SEAD Total Amount Financed S 3,242.00 3,291.37 $ 3,242.00 Itemization of Prepaid Finance Charge Origination or Guarantee Fee S 49.37 Other Fees Paid (see yours contract) S Total Prepaid Finance Charge(s) S 49.37 *If your Loon is disbursed in multiple advances, the monthly payment amount dlaclosed in the payment schedule reflects only that monthly payment necessary to repay this advance. The actual total monthly payment on your Lou win be based on the sum of all advances under your Loan Note and will be disclosed to you before your Ivan enters repayment. Your minimum total monthly payment will be at least 525.00 each month or the entire loan balance whichever is less. rRAK oar 97s7 am CISCDP Teri Undergraduate Loan File Copy Iiq- %(-176pCf NOTE DISCLOSURE STATEMENT $ 3,291.37 Borrower(s) BASIC SEAD 03078244A Loan No. Student: Date: BASIC SEAD 4101 F BEECHWOOD LANE HARRISBURG , PA 17112 DAVID BECIRO VIC BASIC SEAD December 2, 2005 Lender Name and Address; CITIZENS BANK OF RHODE ISLAND ONE CITIZENS PLAZA PROVIDENCE, RI 02903 Thls disclosure statement relates to one or mare advances on your Loan Note disbursed on December 2, 2005 Because your Loan is either being disbursed in whole or in part, or is entering repayment, or the repayment terms are being modified, the following information about your Loan is being given to you. ANNUAL PERCENTAGE RATE The cost of your credit as a yearly rote. 6.628 % FINANCE CHARGE The dollar amount the credit will cost you. 5 2,983.60 Amount Financed The amount of credit provided to you or on your behalf. $ 3,242.(10 Total of Payments The amount you will have paid after you have crude all payments scheduled. $ 6.225.60 Your payment schedule will be: Number of Poyments Amount of Payments' When Payments are due 240 S 25.94 On the ist day of each month beginning on 12/2006 VARIABLE RATE: The Annual Percentage Rate, which is based on an index plus a margin, may increase during the term of the loan if the index rate increases, The index is (check one): 0 Prime Rate Index Adjusted Monthly - The highest U.S. bank prime rate published in the "Money Rates" section of The Wall Street Journal. on the last business day of each calendar month. 0 Prime Rate Index Adjusted Quarterly - The highest U.S. bank prime rate published in the "Money Rates" section of The Wall Ireet Journal on the last business day of each calendar (if the Lender identified above is quarter Citibank ( New York State ), the index will be the highest U.S. Bank prime rate published in the "Money Rates" section of The Wall Street Journal an the date which is 30 days prior to the first day of each quarter). [l LIBOR Index Adjusted Quarterly - The average of the one-month London Interbank Offered Rates published in the "Money Rates" section of The Wall Street Journal on the first business day of each of the three (3) calendar months immediately preceding the first day of each calendar quarter, Any increase in the index and the Annual Percentage Rate which occurs while principal payments are deferred will increase the amount of any current and all future payments. Any increase in the Index and the Annual Percentage Rate which occurs while principal and interest payments are deferred will increase the amount of all future payments. Any increase in the index and the Annual Percentage Rate which occurs after you have begun to make principal and interest payments on your loan will increase the amount of your future principal and interest payments beginning with your next annual payment adjustment date. For example, assume you obtain a loan in your junior year, in the amount of $10,000 at an interest rate of 11%, and you defer principal and interest payments until after your graduation, and the repayment term of the loan is 20 years. If the interest rate increased to 12% on January let of your senior year, the interest which accrues while principal and interest payments are deferred will increase by $75.11, and your monthly principal and interest payments would increase by $9.05. SECURITY: You have given a security interest in all refunds or amounts owed to you at any time by the student's educational institution. Collateral securing other loans with the Lender may also secure this Loan. LATE CHARGES: If a payment is more than 15 days late, you may be charged $5,00 or 5% of the payment, whichever is less. If you default, Lender (or subsequent holder of your Loan Note) may increase the margin used to compute the Annual Percentage Rate by two percentage points (2%). PREPAYMENT: If you pay off early, you will not have to pay a penalty. See your contract documents for any additional information about non-payment, default, any required repayment in full before the scheduled date, any security interest, and prepayment refunds and penalties. Estimates; All numerical disclosures except the late payment disclosure are estimates. Principal Amount of Note (Amount Financed plus Prepaid Finance Charge) Itemization of Amount Financed Amount paid to ACADEMY OF MEDICAL ARTS & BUS and S S 3,242.00 Amount paid to BASIC SEAD Total Amount Financed S 3,291.37 S 3,242.00 Itemization of Prepaid Finance Charge Origination or Guarantee Fee S 49.37 Other Fees Paid (sec yours contract) S Total Prepaid Finance Charge(s) S 49.37 *If your Loan is disbursed in multiple advances, the monthly payment amount disclosed in the payment schedule reflect only that monthly payment necessary to repay this advance. The newel total monthly payment on your Loan will be bawl as the stun of all advances under your Loan Note and will be disclosed to you before your Loan enters repayment. Your minimum total monthly payment will be at least $25.00 each month or the entire loan balance whichever is less. Tux Saturn s► CISCDP Teri Undergraduate Loan File Copy Loan , _ _ Payment History Report Date: 2013-02-20 Account Number: , , .. _001-001000 Social Security Number: Product: SFU DIRECT TO SCHOOL UNDERGRAD Name: BECIROVIC, DAVID Officer Code: 777061 Birth Date: 1957-05-11 School: Address 1: 11 RICHLAND LN APT 107 Program Year: Address 2: City: CAMP HILL Variable Rate Code: FU LIBOR State: PA Interest Rate:, 3.16% Zip Code: 1 701 1-2498 Last Payment Date: 2010-02-19 Last Payment Amount: $274.13 Payment Due Dale: 2011-01-08 Contract Date: Last Interest Date: 2013-02-20 Date Assigned: 2013-02-12 Accrued Interest: $450.41 Charge Off Date: 2011-02-01 Recovered Interest: $0.00 Charge Off Amount: $6,876.30 Net Interest: $450.41 Recovered Principle: $0.00 Associated Costs: $0.00 Net Charge Off: $6,876.30 Recovered Costs: $0.00 Disbursement Date: 2005-08-26 Net Costs: $0.00 Disbursement Amount: $6,582.74 Transaction History System 2011-02-28 00:01 82 $6,876.30 @ 3.210 / 02/01/2011 - 02/28/2011 $16.33 System 2011-03-01 00:01 82 $6,876.30 @ 3.210 / 02/28/2011 - 03/01/2011 $0.60 System 2011-03-31 00:01 82 $6,876.30 @ 3.210 / 03/01/2011 - 03/31/2011 $18.14 System 2011-04-01 00:01 82 $6,876.30 @ 3.210 / 03/31/2011 - 04/01/2011 $0.60 System 2011-04-30 00:01 82 $6,876.30 @ 3.210 / 04/01/2011 - 04/30/2011 $17.54 System 2011-05-02 00:01 82 $6,876.30 @ 3.210 / 04/30/2011 - 05/02/2011 $1.21 System 2011-05-31 00:01 82 $6,876.30 p 3.210 / 05/02/2011 - 05/31/2011 $17.54 System 2011-06-01 00:01 82 $6,876.30 @ 3.210 / 05/31/2011 - 06/01/2011 $0.60 System 2011-06-30 00:01 82 $6,876.30 0 3.210 / 06/01/2011 - 06/30/2011 $17.54 System 2011-07-01 00:01 82 $6,876.30 @ 3.210 / 06/30/2011 - 07/01/2011 $0.60 System 2011-07-31 00:01 82 $6.876.30 @ 3.160 / 07/01/2011 - 07/31/2011 $17.86 System 2011-08-01 00:01 82 $6.876.30 p 3.160 / 07/31/2011 - 08/01/2011 $0.60 System 2011-08-31 00:01 82 $6,876.30 @ 3.160 / 08/01/2011 - 08/31/2011 $17.86 System 2011-09-01 00:01 82 $6,876.30 @ 3.160 / 08/31/2011 - 09/01/2011 $0.60 System 2011-09-30 00:01 82 $6,876.30 @ 3.160 / 09/01/2011 - 09/30/2011 $17.26 System 2011-10-03 00:01 82 $6.876.30 @ 3.160 / 09/30/2011 - 10/03/2011 $1.79 System 2011-10-31 00:01 82 $6,876.30 @ 3.150 / 10/03/2011 - 10/31/2011 $16.62 System 2011-11-01 00:01 82 $6,876.30 0 3.150 / 10/31/2011 - 11/01/2011 $0.59 System 2011-11-30 00:01 82 $6,876.30 @ 3.150 / 11/01/2011 - 11/30/2011 $17.21 System 2011-12-01 00:01 82 $6,876.30 @ 3.150 / 11/30/2011 - 12/01/2011 $0.59 System 2011-12-31 00:01 82 $6.876.30 @ 3.150 / 12/01/2011 - 12/31/2011 $17.80 System 2012-01-03 00:01 82 $6,876.30 @ 3.200 / 12/31/2011 - 01/03/2012 $1.80 System 2012-01-31 00:01 82 $6.876.30 @ 3.200 / 01/03/2012 - 01/31/2012 $16.83 System 2012-02-01 00:01 82 $6,876.30 @ 3.200 / 01/31/2012 - 02/01/2012 $0.60 System 2012-02-29 00:01 82 $6,876.30 p 3.200 / 02/01/2012 - 02/29/2012 $16.83 System 2012-03-01 00:01 82 $6,876.30 @ 3.200 / 02/29/2012 - 03/01/2012 $0.60 System 2012-03-31 00:01 82 $6,876.30 @ 3.200 / 03/01/2012 - 03/31/2012 $18.04 System 2012-04-02 00:01 82 $6,876.30 @ 3.200 / 03/31/2012 - 04/02/2012 $1.20 System 2012-04-30 00:01 82 $6,876.30 @ 3.220 / 04/02/2012 - 04/30/2012 $16.94 System 2012-05-02 00:01 82 $6.876.30 @ 3.220 / 04/30/2012 - 05/02/2012 $1.21 System 2012-05-31 00:01 82 $6,876.30 @ 3.220 / 05/02/2012 - 05/31/2012 $17.54 System 2012-06-01 00:01 82 $6.876.30 @ 3.220 / 05/31/2012 - 06/01/2012 $0.60 System 2012-06-30 00:01 82 $6,876.30 @ 3.220 / 06/01/2012 - 06/30/2012 $17.54 System 2012-07-01 00:01 82 $6,876.30 @ 3.220 / 06/30/2012 - 07/01/2012 $0.60 System 2012-07-02 00:01 82 $6,876.30 @ 3.190 / 07/01/2012 - 07/02/2012 $0.60 System 2012-07-31 00:01 82 $6.876.30 0 3.190 / 07/02/2012 - 07/31/2012 $17.38 System 2012-08-01 00:01 82 $6,876.30 @ 3.190 / 07/31/2012 - 08/01/2012 $0.60 System 2012-08-31 00:01 82 $6,876.30 @ 3.190 / 08/01/2012 - 08/31/2012 $17.98 System 2012-09-04 00:01 82 $6.876.30 @ 3.190 / 08/31/2012 - 09/04/2012 $2.40 System 2012-09-30 00:01 82 $6,876.30 @ 3.190 / 09/04/2012 - 09/30/2012 $15.58 System 2012-10-01 00:01 82 $6.876.30 @ 3.190 / 09/30/2012 - 10/01/2012 $0.60 System 2012-10-31 00:01 82 $6,876.30 @ 3.190 / 10/01/2012 - 10/31/2012 $17.98 System 2012-11-09 00:01 82 $6,876.30 0 3.190 / 10/31/2012 - 11/09/2012 $5.39 System 2012-12-03 00:01 82 $6.876.30 @ 3.190 / 11/09/2012 - 12/03/2012 $14.38 System 2012-12-31 00:01 82 $6.876.30 0 3.190 / 12/03/2012 - 12/31/2012 $16.78 System 2013-01-03 00:01 82 $6,876.30 @ 3.190 / 12/31/2012 - 01/03/2013 $1.80 System 2013-01-31 00:01 82 $6,876.30 @ 3.160 / 01/03/2013 - 01/31/2013 $16.67 System 2013-02-01 00:01 82 $6.876.30 @ 3.160 / 01/31/2013 - 02/01/2013 $0.60 System 2013-02-04 00:01 82 $6,876.30 @ 3.160 / 02/01/2013 - 02/04/2013 $1.79 System 2013-02-12 00:01 82 $6.876.30 0 3.160 / 02/04/2013 - 02/12/2013 $4.76 System 2013-02-20 00:01 82 $6,876.30 @ 3.160 / 02/12/2013 - 02/20/2013 $4.76 EXHIBIT C POOL SUPPLEMENT CITIZENS BANK OF RHODE ISLAND This Pool Supplement ("Supplement") is entered into pursuant to and forms a part of that certain Note Purchase Agreement (the "Agreement") dated as of April 30, 2004, by and between The First Marblehead Corporation ("FMC") and Citizens Bank of Rhode Island: This Supplement is dated as of March 9, 2006. Capitalized terms used in this Supplement without definitions have the meaning set forth in the Agreement. Article I: Purchase and Sale. In consideration of the Minimum Purchase Price, Program Lender hereby transfers, sells, sets over and assigns.to The National Collegiate Funding LLC (the 'Depositor"), upon the terms and conditions set forth in the Agreement (which are incorporated herein by reference ,with the same force and effect as if set forth in full herein), each Loan described in the attached Schedule 2 (the "Transferred Citizens Bank Alternative Loans") along with all of Program Lender's rights under the Guaranty Agreement relating to the Transferred Citizens Bank Alternative Loans. The Depositor will in turn sell the Transferred Citizens Bank. Alternative Loans to The National Collegiate Student Loan Trust 2006-1 (the "Trust"). Program Lender hereby transfers and delivers to the Purchaser Trust each Note evidencing such Citizens Bank Alternative Conforming Loan and all Origination Records relating thereto, in accordance with the terms of the Agreement. Purchaser Trust hereby purchases said Citizens Bank Alternative Notes on said terms and conditions. Article 2: Price. The amount paid pursuant to this Supplement is the Minimum Purchase Price, as that :term is defined in Section 2.04 of the Agreement. Article 3: Representations and Warranties. 3.01. By Program Lender. Program Lender repeats the representations and warranties contained in Section 5.02 of the Agreement for the benefit of the Depositor and the Trust and confirms the same are true and correct as of the date hereof with respect to the Agreement and to this Supplement. 3.02. By the Depositor. The Depositor hereby represents and warrants to the Program Lender that at the date of execution and delivery of this Supplement by the Depositor: (a) The Depositor is duly organized and validly existing as a limited liability company under the laws of the State of Delaware with the due power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and has, the power, authority and legal right to acquire and own the Transferred Citizens Bank Alternative Loans. 1 SSL-DOCS2 7O277548v2 (b) The Depositor is duly qualified to do business and has obtained all necessary licenses and approvals, in all jurisdictions in which the ownership or lease of property or the conduct of its business shall require such qualifications. (c) The Depositor has the power and authority to execute and deliver this Pool Supplement and to carry out its respective terms; the Depositor has the power and authority to purchase the Transferred Citizens Bank Alternative Loans and rights relating thereto as provided herein from the Program Lender and the Depositor has duI_y authorized such purchase from the Program Lender by all necessary action; and the execution, delivery and performance of this Pool Supplement has been duly authorized by the Depositor by all necessary action on the part of the Depositor. (d) This Pool Supplement, together with the Agreement of which this Supplement forms a part, constitutes a legal, valid and binding obligation of the Depositor, enforceable in accordance with its terms. (e) The consummation of the transactions contemplated by the Agreement and this Supplement and the fulfillment of the terms hereof do not conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time) a default under, the governing instruments of the Depositor or any indenture, agreement or other instrument to which the Depositor is a party or by which it is bound; or result in the creation or imposition of any lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument; or violate any law or any order, rule or regulation applicable to the Depositor of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Depositor or its properties. (f) There are no proceedings or investigations pending, or threatened, before any court, regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Depositor or its properties: (1) asserting the invalidity of the Agreement or this Pool Supplement, (2) seeking to prevent the consummation of any of the transactions contemplated by the Agreement or this Pool Supplement, or (3) seeking any determination or ruling that is likely to materially or adversely affect the performance by the Depositor of its obligations under, or the validity or enforceability of the Agreement or this Pool Supplement. Article 4: Cross Receipt. Program Lender hereby acknowledges receipt of the Minimum Purchase Price. The Depositor hereby acknowledges receipt of the Transferred Citizens Bank Alternative Loans included in the Pool. Article 5: Assignment of Origination, Guaranty and Servicing Rights. Program Lender hereby assigns and sets over to the Depositor any claims it may now or hereafter have under the Guaranty Agreement, the Origination Agreement, and the Servicing Agreement to the extent the same relate to the Transferred Citizens Bank Alternative Loans described in Schedule 2, other than any right to obtain servicing after the date hereof. It is the intent of this provision to vest in the Depositor any claim of Program Lender relating to defects in origination, guaranty, or servicing of the loans purchased hereunder in order to permit the SSL-DOCS2 70277548v2 Depositor to assert such claims directly and obviate any need to make the same claims against Program Lender under this Agreement. SSL-DOCS2 70277548v2 IN WITNESS WHEREOF, the parties have caused this Supplement to be executed as of the date set forth above. THE FIRST MARBLEHEAD CORPORATION By: Name: J Title: utive ice President CITIZENS BANK OF RHODE ISLAND By: Name: Title: THE NATIONAL COLLEGIATE FUNDING LLC By: GATE Holdings, Inc., Member By: Name. . A. pale, Title ce Pre ident [Signature Page to Pool Supplement] IN WITNESS WHEREOF, the parties have caused this Supplement to be executed as of the date set forth above. THE FIRST MARBLEHEAD CORPORATION By: Name: Title: CI IZENS BANK OF RHODE ISLAND By:Q 1 �� Name: Michael McFarlane Title: Senior Vice President THE NATIONAL COLLEGIATE FUNDING LLC By: GATE Holdings; Inc., Member By: Name: Title 3 IN WITNESS WHEREOF, the parties have caused this Supplement to be executed as of the date set forth above. THE FIRST MARBLEHEAD CORPORATION By: Name: John A. Hupalo Title: Executive Vice President CITIZENS BANK OF RHODE ISLAND BY: Name: Title: THE NATIONAL COLLEGIATE FUNDING LLC By: GATE Holdings, Inc., Member BYE------ Nat*e: Donald R. Peck Title: Treasurer [Signature Page to Pool Supplement] National Collegiate Student Loan Trust 2006-1 c/o NCO Financial Systems Inc. 5100 Peachtree Industrial Blvd Norcross, GA 30071 Plaintiff : IN THE COURT OF COMMON PLEAS OF : CUMBERLAND COUNTY, PENNSYLVANIA : CIVIL ACTION — LAW v. : : NO. 2014-1619 CIVIL Tl= 1 David Becirovic r na3 ern 333.r�r= 214 Hummel Ave a -z r - ' Lemoyne, PA 17043 D .,:ii,-,,-, Defendant . ca >c--) nr PRELIMINARY OBJECTIONS OF DEFENDANT AND NOW, comes the Defendant David Becirovic, by and through his attorneys, Turo Robinson Attorneys at Law, and files Preliminary Objections. Demurrer 1. Plaintiff National Collegiate Student Loan Trust 2006-1 c/o NCO Financial Systems Inc. filed an Amended Complaint in the Court of Common Pleas, Cumberland County on or about May 9, 2014, which was served on Defendant David Becirovic's counsel on May 12, 2014. 2. Plaintiffs' Complaint fails to state a claim upon which relief may be granted and Defendant demurs to Plaintiffs' complaint. 3. The Defendant as co-signer of the promissory note should not be responsible for the debt of the principal because under federal law student loan debt should be discharged when the principal dies. 4. Alternatively, the Defendant as co-signer of the promissory note should not be responsible for the debt of the principal because the Defendant is permanently disabled and is a public employee. Wherefore, for all the above reasons Plaintiffs' have failed to state a claim upon which relief may be granted and the Complaint should be dismissed with prejudice. Respectfully submitted, TURO ROBINSON Attorneys at Law ,its -i,, D P Date Daniel L. Puskar, Esquire Supreme Ct. No. 311444 129 South Pitt Street Carlisle, PA 17013 (717) 245-9688 Attorney for Defendant National Collegiate Student Loan Trust 2006-1 c/o NCO Financial Systems Inc. 5100 Peachtree Industrial Blvd Norcross, GA 30071 Plaintiff v. David Becirovic 214 Hummel Ave Lemoyne, PA 17043 Defendant : IN THE COURT OF COMMON PLEAS OF : CUMBERLAND COUNTY, PENNSYLVANIA : CIVIL ACTION — LAW : NO. 2014-1619 CIVIL TERM CERTIFICATE OF SERVICE I hereby certify that I served a true and correct copy of the foregoing Preliminary Objections on Michael F. Ratchford, Esquire, by depositing the same in the United States Mail, first class, from Carlisle, Pennsylvania, addressed as follows: Date Michael F. Ratchford, Esquire 120 N. Keyser Ave Scranton, PA 18504 TURO ROBINSON Attorneys at Law Daniel L. , uskar, Esquire Supreme Ct. No. 311444 129 South Pitt Street Carlisle, PA 17013 Attorney for Defendant VERIFICATION I verify that the statements made in the foregoing Preliminary Objections are true and correct. I understand that false statements herein are made subject to the penalties of 18 Pa.C.S. §4904 relating to unsworn falsification to authorities. 011¢" //is Date David Becirovic niq.wRI, nboG fiafi lmob itAllAAAn wog sae CQ1Y3NWFART14 Of PENNSYLVANIA • DE OF muctif4 f]lfAL RlCORDS PER'S CERnFr OP ©EA114 (SM Instructions anti exanyies en revue* Burr PUS NI WW1 Ras Sead Easic� M J SdbwlIAA ISA. 119 — 86 — 4764 r.Oate d DMlYaq ms Teo October 17, 2009 a/geR.rraAr41 rrrs 1GeRr t04a1fWPb+A •_ .;.i nawsolsrlPOrM etkwtlDwaiCnon rrM exM 51 ♦� al 1111111 lila AFz4l 8, 1958 Bosinia 0 000L MEW ono».r C7r.,r was+�rrmr QlEaorce C�ro.a•:.r�, 1AGarryd0esr pign RGy. wma. 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P. 03 NOTE DISCLOSURE STATEMENT $ 3,291.37 Bturrwer(s) BASIC SEAD 03 7R244p DAVID BLCIRDVIC Won Na BASIC SEAD 4101 F BEECH WOOD LANE HARRISBURG , PA 17112 Student: BASICSIMD Date: December 2, 2005 Lender Name and Address: CITIZENS BANK, OF RHODE ISLAND ONE CITIZENS PLAZA PROVIDENCE, RI 02903 This dlseloturc Statement reales 10 one or marc Mynas on your 1.001' Note disbursed on December 2, 2005 Because your Loon Is either being disbursed in whole or in pan, or Is entering repayment, ar the repayment terms are being modified, the following information about your Loan Is being gh en to you, ANNUAL PERCENTAGE RATE The coital yonr credit as a yearly nin 6.6 8 % FINANCE CHARGE • henowamountalecredit will cost you. $ 2,983.60 Amount F'manced Tho onwumorerelitprovided to you or on your babblf. S_ 3,242.00 Taint of Payments The amount you will hove paid liner you have rade s0 paymertus scheduled. S 6.22160 Yourppymenl schedule will be: NumbcrafPayments Amount of Payments"' When Payments ere due _ 240 $ 25.94 On the 1st day oreach month baginningon 1212006 VARIABLE RATE: The Annual Aoreentage Rate, which is based on an index plus a margin, may increase during the term of the loan if the index rate increases. The index le (check tune): El Prime Rate Inde* Adjusted Monthly - The highest U.$, bank prime rate published In dee "Money Rates" section of The Wall Street Jatmnl On the last business day of each calendar month• O Prime Rate Index Adjusted Quarterly - The highest U.S. bank prime rate published m the "Money Rales" section or The Wall Street Journal on the list business day of each calendar quarter (if the Lender identified above to Citibank ( New York Sate ), the Index will be the highest U.S. Brmk prime rate published in the "Money Rotes" section of The Wall Street Journal an the dote which is 30 days prior m the first day oreaeh quarter). Oc LIBOR tndex AdInsted Quartets -The average of the enc -month Landon Interbank Offered Rates published in the "Money Rotes' section orThe Wall Street kind on the first business day of each of the three (3) calendar months immediately preceding the first day of each calendar quaver. My increase in the index and the Annual Percentage Rate which occurs while principal payments are deferred will incrthae the amount of any current and all future payments. Any increase In the Index and the Annual Percentage Rate which occur* while Principal and interest payments ore deferred will increase the amOtmI of all future payment's. Any increase in the index and the Annual Persentoge Rate which occurs ager you have begun to make principal and InteTO1 payments on your loan will increase the amount of your future principal and interest payments beginning with your next annual payment adjustment date, For example, assume you obtain a loan in your junior year, in the amount of 510,000 st an interest rate of 11%, and you defer principal end Interest payments until after your graduation, and the repayment term of IN loan is 20 years. If the interest rate increased to 12% on January I at of your senior year, the interest which accrues while principal and interest payments are deferred will increase by 575.11, and your monthly principal and interest payments would increase by $9.05. SECURITY: You have given a security interest in all rerunde ar amounts owed to you at any time by dee student's educational institution. Collateral securing other loans with die Lender may also secure This Latin, LATE CHARGES: If a payment ie more than 15 days late, you may be charged S5.00 or S% of the payment, whichever is less. If you default, Lender (or subsequent holder of your Loan Note) may increase the margin used to compute the Annual Percentage Rate by two percentage points (2%). PREPAYMENT: If you pay ole early, you will not hove to pay a realty. See your contract documents for any ndditionol information about non•peymenl, default, any required repoyment in full before the scheduled dale, any security interest. and prepayment refunds and penalties. Dann= MI numerical disclosures except the late payment disclosure arc estimates. Principal Amount of Note (Amount Financed plus Prepaid Finance Charge) Itemization ofAmount Financed Amount paid to ACADEMY OF MEDICAL ARTS & BUS end S Amount paid to °ASIC SEAD S 3,242.00 Taal Amount Financed Iremlxation of Prepaid Finance Charge Origination or Guarantee Fee Orhu Foes Paid (see yours contract) Total Prepaid Pinanee Cltnrge(s) 49,37 s 3,291,37 3,292.00 x 49.37 your Loon k diaburud in mulnple advances, the monthly payment amount dbetated In the payment schedule reflects only Om monthly payment rosemary to repay chis advisee. The aeurol lout monthly payment 011 your Lawn Will he hand on the sum of all advances under your Loon Nom and will be disclosed to you beam your Loan altar rrpaymem. Ynur minimum total monaluy payment will be m Ieuw SIs,00 each month ores enure loan bilanca whichever Is leas. TRAK 001/111 ss CISCDP Tori Undergraduate Loan Fite Copy ©CD Y SEP -11-2012 TUE 01:38 PM FAX NO. * Cosigned CEL * Loan RequestlCredlt Agreement -- Signature Page NONNEGOTIABLE CREDIT AGREEMENT — THIS ISA CONSUMER CREDIT TRANSACTION LOAN PROGRAM INFORMATION TERI Continuing Education Loan P, 04 Lender_ Citizens Bank of Rhode island School: ACADEMY OF MEDICAL ARTS & BUS Lean Amount Requested: $6485.00 Academic Period: 07/2005-07/2005 Deferral Period Margin:3.5 Repayment Period Margin: 3.5 Loan Origination Fee Percentage: 6.50 STUDENT BORROWER INFORMATION (Must be at least 18 years of age) Borrower Name: Sand Basle Home Address: 4101 F Bindweed Lane Harrisburg, PA 17112 Social Security #: 119-86-4764 Date of Birth: 04/08/1958 Home Telephone: 7173795898 Student Citizenship (check one box): )0 U.S. Citizen 0 Eligible Non-Citi*en (Attach front & back copy of CIS or student visa card) Nate: Personal reference name and address cannot match that of the Cosigner. Personal Reference Name: Ronald Kirbv Reference Home Tel it (717) 236'1770 Wed Tel g: Reference Street AddreSst 3211.11prltFrant Stippt Reference City/Statc/Zip:! Gbtirgr PA 17110 — COSIGNER INFORMATION (Must be at least 18 years of age) Cosigner Name: David Bedrovic Home Address: 1672 Mali Drive Carlisle, PA 17013 Social Security #:170-78-1524 Date of Birth: 05/11/1957 Home Telephone: 7172586735 Have you ever defaulted on a student loan or aacimred bankruptcy! 13( No 0 Yes Currant Employer. PA DEPT OF REVE!(UE Employer Telephone: 7177056170 Current Position: Other Years There: 2 Years Years at Previous Emplayment• Alimony, child support, or separate maintenance Incomes do not have to ba revealed If you do not want them considered for repaying this obligation. If you ere relying on such additional Income, please provide detafb on a separate sheet of paper. Cosigner Citizenship (check one box): D! I.I.S. Citizen O Eligible Non -Citizen (Attach front 8 back copy of CIS) Note: Personal reference name and address cannot match that of the Student, Personal Reference Name: Susan Flenniken Reference Home Tel lir Ph2) 7447777 wort Tel In Reference Street Address:, 59 State Avenue Reference Gly/Slater210:,_ca 8y my signature. I certify that I have mad, understand end apse to the terns of and undertake the obligation set forth on all faur (4) pogcs of this Loan Request/Credit Agreement C1.05-06.CLC0.10SC.0105 ("Credit Agreement"). I understand that any paten who knowingly makes a talc suuement or misrepresentation on this form is subject to penalties, which may include fines or imprisonment. This Credit Agreement is algnod under seal. I understand that i am not requited to fax my signature on aorto sign eieetronieally this Credit Agrmment and any related notices that require signature. If 1 choose to fax my signature on or to sign elcdronieatly this Credit Agtecmcnt and any related notices that require signature, l intend: (1) any fax or electronic signature to be an electronic signature under applicable federal and stale law. (if) any fax printout or printout of Lender's electronic record of thio Credit Agreement and related notices to be an original document. (in) to conduct worms with tie Lender by etectrenie records and electronic oil/atoms, and (iv) tint this Credit Agmemer t will not be governed by Article 3 of the Uniform Commercial Code, and my obligations under this Credit Agreement will not be subject to, but any trunsfcr of my obligations will be subject to. Article 9 Medic Uniform Camntacial Code FOR ALABAMA RESIDENTS: CAUTION.. IT IS IMPORTANT THAT YOU THOROUGHLY READ THE CONTRACT BEFORE YOU SIGN iT. FOR WISCONSIN RESIDENTS: NOTICE TO CUSTOMER: (a) DO NOT SIGN THiS CREDIT AGREEMENT BEFORE YOU READ THE WRITING ON THE FOLLOWING PAGES, EVEN IF OTHERWISE ADVISED. (b) DO NOT SIGN THIS CREDIT AGREEMENT IF IT CONTAINS ANY BLANK SPACES. (c) YOU ARE ENTITLED TO AN EXACT COPY OF ANY AGREEMENT YOU SIGN. (d) YOU HAVE THE RIGHT AT ANY TIME TO PAY IN ADVANCE THE UNPAID BALANCE UNDER THIS CREDIT AGREEMENT AND YOU MAY IIE ENTITLED TO A PARTIAL REFUND OF THE FINANCE CHARGE. PLEASE SIGN BELOW — Signature of Borrower TU RNshis Pane With Er. .1 of Income : i Enrollment — FAX TO: 800-704-9408. ,tom Date 0 7 Kir (3 BY SIGNING THIS CREDIT AGREEMENT BELOW, I CERTIFY THAT 1 INTEND TO (i) APPLY FOR JOINT CREDIT AND (ii� Y LiABLE W1TH THE BORROWER FOR THIS LOAN. C Signature of Cosigner Date CI.e5-o6CI.CO.1119. otos 1 of 5 PNO3_CI 05-06_CICO_FA_BAStCJN03o78244.pdf COSIGNER COPY CISCDF SEP -11-2012 TUE 01:38 Phi FAX NO. P. 05 signed Cit Loan Request/Credit Agreement — Signature Page NONNEGOTIABLE CREDIT AGREEMENT —THIS ISA CONSUMER CREDIT TRANSACTION LOAN PROGRAM INFORMATION TERI Continuing Education Loan Lender Citizens Bank of Rhode Island School: ACADEMY OF MEDICAL ARTS & BUS Loan amount Requested: $6485.00 Academic Period: 0712005-0712006 Deferral Period Margin:3.5 Repayment Period Margin: 3.5 STUDENT BORROWER INFORMATION (Must be al feast 18 yeah of age) Borrower Name: Seed Basic Home Address: 4101 F Beechwood Lane Harrisburg. PA 17112 Social Security #:119.86-4764 Date of Birth: 04/08/1958 Home Telephone: 7173795898 Student GOzenship (check one bat): 81 U.S. Citizen 17 Eligible Non -Citizen (Attach front & back copy of CIS ar student visa card) Note: Personal reference name and address cannot match that of the Cosigner. Personal Reference Name: Ronald Kirby . Reference Home Tel* (717)23B-1770 Work Tel 0: Retarence Street Addresa:-321 Nnr11LFme r i Reference City/State/Zip: Hartisbn , PA 17110 COSIGNER INFORMATION (Must be at least 18 years of age) Cosigner Name: David Bealrovic Home Address: 1672 Quail Drive Carlisle. PA 17013 Social Security #:170-7&1524 Date of Birth: 05111/1957 Home Telephone: 7172586735 Have you ever defaulted on a rtueant loan or declared banlrupwyl Li No 0 Yes Current Employer: PA DEPT OF REWNUE Employer Telephone 7177056170 Cununl Position: Other 7ltars 2 Years Years at Previous Employment: Alimony, chnd support, err separate maintenance Incomes do not hove 6e bo revealed If you do not want them Considered for repaying this obligation. 0 you am relying on such addithonel Income, places provide details on a eoparatn sheet Of paper. Cosigner f3Uzertsblp (check one box): Q U.S. Citizen 0 EligIbta Non -Glazer (Attach tient & back copy of CIS) Note: Personal reference name and address cannot ureh.rt that of the Student. Personal Reference Name: Susan fi3nnium Reference Home Tel #;4Zj 74A -77T7 Work Tel th Reference Street Address_ 59 State Avnnun Relevance City/State1Tp:_Codista PA 17M t Loan Origination Fee Percentage:6.50 By my signature, I certify dais I have read, understand and agree to the terms of and undertake the obligations set forth on ail four (4) pages of this Lan Rcquc:NCrvdlt Agreement CIA5416.CLCD.1aSCA I05 ("Credit Agreement"). I understand that any persan who knowingly makes a false statement ar misrepresentation on this forth is subject to pencil"ier, which may include fines or imprisonment This Credit Agreement is signed under coal. 1 understood that lam eat required to fox my signature un nor to sign electronically thin Credit Agreement and any related notices that require signature. If 1 ehoase to fax my signature on or to signotetronically this Credit Agreement and any related notices that requite signatem,1 intend: (i) any fax or electronic signature to be an claamnic sigma= solder opption federal and aurae law. (ii) any fax printout or [Minato of Lenders ciccaonic reeord of this Credit Agreement and related notices to bean original document. Gii) to tdBtluct business with the Lender by electronic records and electronic signatures, and (iv) thin this Credit Agreement will trot be govemu( by Article 3 of the Uniform Obtantereial Cork and my obligations under this Cirdil Agreement will not be eullieet to. but any transfer of my obligations will be subject to, Article 9 of rho Utriform Crmcreiat Cade. FOR ALABAMA RESIDENTS: CAUTION — IT IS IMPORTANT THAT YOU THOROUGHLY READ THE CONTI�i CT BEFORE YOU SIGN 11. FOR WISCONSIN RESIDENTS: NOTICE TO CUSTOMER: (e) DO NOT SIGN THIS CREDIT AGREEMENT BEFORE YOU READ THE WRITING ON THE FOLLOWING1GES, EVEN IF OTHERWISE ADVISED. t� (b) DO NOT SIGN THIS CREDIT AGREEMENT IF IT CONTAINS ANY BLANK SPACES. Ul (c) YOU ARE ENTITLED TO AN EXACT COPY OF ANY AGREEMENT YOU SIGN. u'1 (d) YOU HAVE THE RIGHT AT ANY TIME TO PAY IN ADVANCE TIfE UNPAID BALANCE UNDER THIS CREDIT AGREEMENT AND YOU MAY BE ENTITLED TO A PARTIAL REFUND OF THE FINANCE CHARGE. PLEASE SIGN BELOW-1tETURN This Parte With Proof of income and Enrollment.— FAX TO; 800-704-94013. Signature of Borrower Date BY SIGNING THIS CREDIT AGREEMENT BELOW. I CERTIFY THAT I INTEND TO (1) APPLY FOR JOINT CREDIT AND (I JOI Y LIABLE WITH THE BORROWER FOR THIS LOAN. Signature of Cosigner Date 0 r 16 ` 1.5 Ci.05-06.CLCO.I0SC.0105 LENDER COPY PN03_CI_05.06_CLCO_F_X BASIC.Ji103078244.pdf CISCOF SEP -11-2012 TUE 01;39 PM in the Galt Agreement the words r, *me'. , and iance moan to person(e) Ma signed Ods Credit Agreement as BOrtower and Cosigner. The wade ythu', your, 'pins', and 'Lemke mean trans Bank of Rhode Mand, I successors and sedges. and macaw hhlkler Of ods Croda Agreement Idled' means the echoed named et the top a1 the list page of tine Gedh Agmemmt The lenhcar meals the Lenders my entity tt designates to service my loan. A. PROMISE TO PAY: 1 prods t to pay to you the prbelpai sem of Ith leen Amount Requested ahem on the 01st pageefthis Credit Agreement, to the mate It la advanced to me or paid on m e behalf, and any Loan Origination Fee added to my ban (Geo POregreph F) ('Rtitdpal Semi, Mend d on ouch Principal Sum, bared on a ny unpaid interval aided b the Principal Sum end tate fees (see Pafagraph E.6). B. IMPORTANT— READ THIS CAREFULLY: 1. When you receive my signed Credit Agreement, you aro not agreeing se lend me rncnay. I(yau decide to make a loan to me, you vel eledroncely bensfer the town hada to the School for me, mall a loan check b the Schee! forme, ormall a loan chock directly to ma. You have the right to Mauer" a ban orb land an amount lass Num the Loan Amount Requested. I agree to accept an amount less than to lean Mount Requested one 10 repay tat porton of the Lean Amount Requested Thai you ecaaty lend to me. You have the ride to disburse my loan through an agent. At your option, yet may also make any lean check go -payable to me and the Cosigner or to me end Om Moot 2. HOW I AGREE TO THE TERMS OF THIS LOAN. By elgrcne tab Gail Agreement and aubmitWhg it tp the Lander I am westing that you make ids lean In me in on amount equate the Len Amount Requested flus any loan Origination Fee deserted in Paragraph F of Otis Grad Agreement U you appose thio request end agree b make mit loan. you will nobly me In twang and provide me veth a Dlsdosure Statement, m required by les, et the time the ata pre:eels ere disbumed.lhe Oladusure Statement le tnwrporatod therein by rekrenoe and mode a earthward. The DLadosure Statement will tel me the amain el the ban wadi you have approved, gra amount of the Loan Origbetbn Fee. and other important Mfotnta+bn. I trill let you know that I agree b ale terms et t e Ionil es eat Furth In lhis Credit Agreement and In the Disclosure Statement by daimg tiler of the Mowing: (a) endorsing err depositing the deck that dlsbursas Cho ban prooaede ea (b) allawtng the lean proceeds to bo used by or on behalfof the Student without objection. Upon receipt 01 the Dlsdosure Statement I vdll review the Dimdosum Statement and notify you b string UI hove any quosdone. 1 I em not addled Mit the lams at my loan as cesdoossed In the Dbdosume Statement I may cancel my ban. To cancel my ban, I ore give you a wrtien canaafa8an toace wale tan (10) days altar I recehre the Disclosure Statement Moan pmooeeds have teen disbursed, I rime Matt sal immediately return me tan limeade a you, wID not endorse any dad( welch cesbursee tho loan proceeds and tell Imbues the Sued to return err/ loan poops to you, f11 give notice of canoelallmn lid do nut campy nth the requbattents d Cris Pamgreph B2, this Carta Agreement wu nes be canceled abed lvr8 be in Medici nus Gadd Agreement (See Paragraph L) tr DEFMRIONS: 1, Blasts reemerhl Pale' means the date ar dates ancient' you (and money to ma in consideration for my Crate Agreement and cep be aro date s) deem on any loan deck you prepare err the dete(s) you Ideate any elecemdc funds transfer. 2. The `Deferment Period' we begin on the Disbursement Date end end an Me QefartnentEnd Date, 3. 'Deferment End Date has the following meaning: (a) If me Student Is emoted In a degree dr ung program at the School, the Baler of the date which Is (1)180 days after the Sedan graduates or erns the certificate, (3)180 doge after the Student ceases to be enrolled at t e School, or (m'} 2 years afterdate of the loan disbursement under this Credit Agreement (b) Ittho Salient is net Melted Ina degree or cem' laam.granting program al the Scholl, the eerier of the dab wrath is n lie days after the end d the Academic Period desarbed an the first page of this Credit Agreement or (le tee days after the Student ceases to be eerofed at tae Schroth 4. The *Repayment Period' Pe9lna Ila clay star the Detemnent Period ends. The Repayment Paled is 20 years unless monthly payments equal to the minimum monthly payment amount (See Paragraph E.2) w1l new at mnouhu owed in less Plan 20 yours, in which case me Repayment Period we be the rumba of months necessary to pay In full Oa amount I owe at the minimum payment D. INTEREST: 1. Accrual • Bog -ening on the INsbureemad Dab, Interest w e be calculated at the Variable Rate (Paragraph 0.Z and dlarged on the Principal Sum, and on any unpaid Intoned later added to the Principal Sum according b Peewee 0.3. During Me Repayment Period, Mored will be cabutaed at the Variable Rate and reamed on the outoba®ng balance et elk Credit Agreement untt all fitments em pate in fun. Interest eel be Wadded an a dagy septa Interest bass. The daily Mtenet ram will be equal b the awe interns' rate In effect on that day. divided by Me number of days in that calendaryus. 2. Vedette Rate - The veritable Rate is equal m Me Current Index plea a Margin, The Margins ler both the Deferment Period and tho Repayment Pared am shown on the fast papa of chis Credit Agreement. In no event will the Variable Rene exceed the maximum Merest cab eaowod by the taws of the Sere of Rhode Istand.lee writable Rate el change querlady on the first day el each January, Ague, Judy and October (the'Caine [latatenOthe Current Index changes. The -Current meet for any calendar quarter beginning on o Change Data (or fa any shorter pared beginning on C1.05.06.CLCO.1 OSC.0105 PN03_G,05-08_1 .00_F. BASIC.A1030T8244.pdf FAX NO. P. 07 the Disbursement Date and ending on tum last day of a calendar quarter) bbased an Me Oftl Reath Ueda; bdattank Oared Rate ('LIBOR) as published In ate "Matey Rams" sedan of The Wall Steel Journal. The index for eadt nutter quarter (Or ter one sheriff paled beg)mdng aha Plaburbemeht Date and ending ea he last day da ea landerquarmr)ell equal the average dthe LIBOR nate pebbled On the first business day of each d the three (3) immediately pameeding calendar months, rounded b the neatest ahwhondredtt paned (0,01%).11 Thhe Wall Seed Jeweils not pubbeted or the Current Index to nal film on that data, that the Come Index hint ea determined by ming the immediately precedieg published Current Index. time Current Index Is co longer evellabb, you wait choose a comparable index. 3, Capitatledion— I understand that you eel add all accrued and urhpatd Interest to the prihdpal balance of my loan Cwpitabe In erest) as of the last day of the Defennem Period end et the and d any faheamnoet period. )n all cases, the sum is thereafter considered the pdndpat end Interval tel armee on the new principal balance. E. TERMS OF REPAYMENT: 1. Deferment Period —You will send statements deenp Ute Dolem ent Period (sheeting the tmtaufsfattleg peedpat balance of my loan and the Interest that has famed med on my loan). You ieaervo the right b send statements Of notices b ether rile Borrower lar the Cosigrha. Statements will be sent b the address Mon on your records. I may, but mm not mqulred to, make payments during die Delemetnt Period. Tau writ add reel Interest that Ido not pay during the deferment Period to to principal ban balance el the end of the Pefamhent Period, es deserted In Paragraph 0.3. Themafer. the accrued Interest will be bid aSwildcaL 2 Repayment Period —The emoted of my monitdy payment (Manly Payment Amount" whit be esmblieed biased On the Nae a this Gredd Agreement when my Repayment Petted begins. Deem the Repayment Peeled. you soil send me wetly statements that stew the Merely Payment Arnaud and the payment due dates, and I wig pay the Monthly Payment Amount shown on my mortally statement wadi amount talc In 110 MOM bofesa tan $25 or the unpab balance, Michelle hexer i less. I urderstarnd that the Martha Payment Amountlsdee each month, ! may pay mere Cam my Manthly Payment ateny rima ventral penaity or charge. limy Loan Is In pend. ahead sews, I may, but alt not be required to make menthe payments. You reserve the Agin to send menthy statements b the Borrower andfar the Cosigner. Even O I do not ember nearly stalamhenbe I we make ansewdve monthly payments In amounts elleast equal btheMonleldPaymentAmow bythe (makable payment due dates urtilIham paidell dthe Plead and Interest aril any oth rdamgea1mayO under thio Credit Agreement 3. Repayment Terms - My Monthly Pew nent Absentwillbe citadel as dtth day the Repayment Period 'ns ('Repay nen t Date,. n�bo rrecY ti eed (e) orae each year prior to the Oto of tea veriebte Rate changes between mimed= retie Repayment Date te the lament Aral the Mond y feys ent Atnountwoudd not pay in full the accrued monthly interest en myloart (c) folimig ony arbsequeve deftmmerm or forbearance period or (d) MloainO any request be Me Batower te the sereimr to change the mainly payment due data (sant of whidd events is a neveRepeymenl Data". lis of any Repayment Dab my Monty Payment Amount we be recak ttabd, My new Manley PaymtalAmoumt cel bo disclosed to mo by the servicer. The new Monthly Payment Amount veil equal the armed necessary b pay in fat, trier the number of months remaining In the nd 1ethe antI owe In e4monthly installments of �pal tterI et the Variable Rate Ieffect at themee of the akelatan. I rmderstand at thio may result In a roduclion or imaease In my monthly payment es calcvtated es of each Repayment Date. I understand Met during the Repayment Period the seeker may :Mange the month payment due date of future payments tin a later dam ior the convenience of the smear In prowssing laments or in oder to cooroinale the due dates of at alley bans processed by the servicer. 4. Amounts trine at the End of tis Repayment Period — Shoo Merest mama daily upon the unpaid principal balance of my him, 111 make payments after my paycmt cue dales, I may awe arida:cue interest Ut have not paid my late fees, I vita also owe adrfiraskd amounts for Curve late fees. in such rues you w0 increase Che anent of my last monthly payment b dm amount necessary to repay my ban 1n het. 5. Payments—Payments w61 be applied Oust le lain fees. otter fees and larges. accrue:Merest, and the remainder to pdrhdpal. 8. Other Clacpes - It any parte( a molly payment rennase unpaid ler a period of mote than 15 days altar the payment due date, l len payor fate foe not exceeding 55.0D or 6% of the overdue payment anent, whichever Is less. To the extent parnrited by taw, 1 agha 10 pay you aI amends Wu:ealr b entadng the terms of this Crude Agreement.Indu4hhg raawnabie ooteaion agency and attorneys' teas and tout wale and other weeder cats, F. LOAN amanita= FEE: If yoh,darpe me, 1 will pey you a Loan Ddginaton Fee at the time my tom, is disbursed. The dollar emourmof any Load Odglnseon Fee eel be determined by muWphM9 the Principal Sum Innes the Loan O rigihdan Fee Percentage ahem an NI tret pave of Ma CrodtAgreement The percentage would bo higher U wmputed only on ohs annum advanced ram -than on ere amen Prmdpul Sum (Loan Orglal en Feo pets the leen amount advanced). Far example, a marina Lem Origination Fee at6.5%on gra entre principal ertount would equal 6.9519% of Me mum Maenad, The Lean Orljfnalion Fee 1141 pay, II any, win be shorn on my Disclosure Statement and inducted with the Principal Sum. To the mem permitted by law, end mese rmay cancel this Cede Agreement (see Paragraph 92),1 wit not be entitled to e ;Mod dany Lam Catenation Fee after my ban has beak *bunted. 2 of3 BORROWER COPY CISCQF SEP -11-2012 TUE 01:39 PM G. RIGHT TO PREPAY: I have the right to prepay an or any pert of my bon ateay tlmewnMnttpenrdfy. IL FORBEARANCE: If l arl unable to ropey m7laen In aacordance with (ha tams estabtshed *duals Credit Vann because e1 a tmrdstdp such as inane* or medial drabrdly, I may !squeal that you modify these fens. I understand that cud ntoditicatlon wadd beat your opfbn. I understand gnat I wII main retponrdbte for al Interest exalt Quina any period of forbearance and that you wB aril any Interest Ohl I do real lay during any (orbea<enla pored to the Windt* batons, BO desalted In Porograph 0.3. L WHOLE LOAN DUf" To the exfentparaded be applicable law. I w(1 be In default dad yea nave the dant tent* mo notice that the vet aitt atte aloin Pendprl batanoe, awed Inlemat and di otter amounts payable to you under the tens Web Credit Agreement aro duo and payable of Ode (cub)nt to awry hgrpfita to In which may give erre a rip to aura my dated) it: (1) I tai to make any monthly award to you when duo, (2) I die, (3) 1 brook mild my other premieres In this Credit Agreement, (4) any bankruptcy prig b begun by or against ma, err I assign any of my ascots fa tine benebm of my creditors, err (5) 1 mow any false mitten statement In applying for fhb loan or aro otter ban ar at any rime during Imo Oofomteat a Repayment If i dofaal,1 win be required te pay interest an Ihb Iden arming atter default The Interest rata after debu ltwin be subject to dpistonerd n Me amore manner es before default, Upon default, you may also mplfatra any Interest and foss (Le, am matted and unpaid !newest and toes to the pdndpal balanw), and emu= the Moan used to compute the Variable Ram by two page P (29). J. NOTICES: 1, 1 Mit send vegan notice as you, my aubsequard helUOr o(Wds Credit Agreanont, and the scriber within tan days afar any tlhango in mmne, address, mem:Mnent Steals (for exampb.. B the Branner withdraws horn the Sdtoo) or transfers to atomer school paredpadng In ids Ian program). 2. Any notwa required to be Oven tame by yah win be odoedhte Mho meld by fuer dasx mat to the latest address you hero for ma Weed regtdted by epparreble low. y0u need not give a sepmaro nodal to the Manor. K INFORNATII 1. I must update the infomaton I provided b you whenever ya Mk ma to do so. 2. I authorize you dam rine to time to realest and receive fomenters cram rotated Information about me (and about myspa a (1I ire In a Oomm uraly putty stats). 3. CREDIT BUREAU REPORTING FAX NO. P. 08 You may meat InfawUan about my account Is Credo burasus. Lair payments. Mimi payments, or other de(euks In my acorn may be reflected In ter credit report I understand that Ore reporting of Information aboul my account to =Cid bureaus may adversely sled my mobs raring and my Maly to obtain other ore& You may ane repel the statue of my lean end my payment hIstiry, tread:na laonn90on abort a km paymmd, mtsead payment Of other defeub, to the Scheel and others In aomrdano° with makable law. L ADDITIONAL AGREEMENTS: 1. !underhand Out you are located In Rhede Island mud that tris Credd Agreement ern be entered into In the game state. CONSEOUENi1.Y, THE PROVISIONS OF THIS CREDIT AGREEL ENT WILL 8E GOVERNED BY FEDERAL LAW AND THE LAWS OF THE STATE OF RHODE ISLAND, WITHOUT REGARD TO CONFLICT OF LAW RULES. 2, The proceeds of aria ban wA be used any for my educational expenses at ma Sclhoat The Cosigner will rot receive any of the ban proceeds. 3. My maw for payba the loan evldenood by ads Credit Agreement I5 unaffected by the Ilabtity of any other parson b me a by your to Nre b rtody me dud a required payment has not been made. Without Mail any o1 your rights under els Croda Agmemnnl ecu may arum IS late payments (0) part al payments or (e) payments marked 'peke In kd' a wtlh otter resact ns. You may delay, tea 1u exartda or waive any of your dghts on any oaasbn Wheal losing your entitlement to exeniso the right at any future time, or on any fume occasion. You aril not M ohlgated to make any dermal upas me. send me any Moe, mean this Credit Agmamen to erre for payment or maks protest of rnm.paymont to mo Deka ellatg to meat on Ihla Craft Atratanont N 1 am In dead. and to the extent permitted by appirsbte law, I hereby wave any right I might Omen lora have to regrma such actions. I WILL NOT SEND YOU PAYMENTS MARKED 'PAID IN FULL', 'WITHOUT RECOURSE' OR WITH OTHER SIMILAR LANGUAGE UNLESS THOSE PAYMENT5 ARE MARKED FOR SPECIAL HANDJNG AND SENT TO THE ADDRESS IDENTIFIED FOR SUCH PAYMENTS ON YY RILING STATEUENT, OR TO SUCH OTHER ADDRESS AS I MAT BE GIVEN IN THE FUTURE. 4. I may not assign ids Credit Apruamenl or any of its bamfds a obngatons. You may assign this credtAgteenmntat any Wr e. 5. The terms and aeration sal forth bin Orb Credit Agreement and brsbucdms and IN Oiaclosure statement casabte the entre agreement between you and mo. s 0 cry prowisim of gds emelt Agreement Is hail Inhmtd or tmanforoeabta, that moNsbn shat be considered mewl from Vila Cleat Agreement *About effecting Ma valddy oronforceoldgty of Oke remainder Uds audit Agreement. 7. A provlalon of ids CrodR Agreement may only bo reoiS iad U jainty agreed upon In writnp by you end me. Any reodtkagan will not deal me validity a onfornsabhlnir of the remetndar 01 tie GrataAaraemomL 8. To the ranted pdmltted by law, your have the right to apply money from shy of my depart' Ilea:W s) with you to pay et or a pardon of any arrant overdue under this Cmdd Agreenham 1 hereby eutatre you b obtain hem ela School en amounts which may 6a owed to me by the School, hdldtng any rotund due b overpayment, early termination of earotlromd, a °Uherwlea. O. If ha °MIL Agreement Is executed by mora Ulan ora Borrower, each Borrower agrees Inal ear rtrmhurdwion between you and any of the Borrowers wrw'af ba trilling on al of the Boeowara. I Intend m be bath as a principal of thb Grady Agreement and not as a surely. To the extent I may be beadd as a surety, I wave all notices to wlidh t mcutanea be entitled as such by taw, and as tuaoryshtp defenses that might be ensilage to me (adudbhg, fl nnet batted, mndtadoR subrogdon end teoneranon) 1Wag Mat 0heBorrower may egret manyforbearance orother moditcet a at the war and sdmdule and that ouch agreement Wil be binding on ma. II shall 001 be netoessmy tar year to resat to or exhaust your remedies seek* the borrower before salt upon mets make repayment For purposas eN tis paragraph only. T and 'are refer b he Codgner arty. 10. A8 mar amounts staled in this Deft Agreement are In United ted Stabh dollars. 1 wla make all payments In Unlad States Dollars win no deduction for !wrong ezdWnge. 11. If the 3Wderd Mill to tbm M10 the education program paid for nit thb lam. the Cosigner and t are not mlteved of any oltVgatm *!Ian or mama fa bus Credit Agreement. 12. I ncbtawmdue Ihat tho requested loan Is subject be the UmUetIon0 oe dlsekargcabIllty In baakn ptcy contetped b Section 523 (a) (0) of the United Slake Bankruptcy Cods. Spsctftally, I andarstard dui you have p ittrued s gum* of tis loan, and fiat tile ban is guaranteed by The Education Resources Imitate, Inc. ('TER)"), a nolo-pro& !natation. 13. I nutmdze any edtnot that 1 may attend to release te you, and any oda persons deslgreited by you any requested htfonaaton pertinent to ars Iran (eg. enrolment suints, pftor loan Ns1or and current address). 14. I authorize the Lander, any adamant holder of Iia Creat Agreement. end Mar agents to n I advise the School of the stairs of my appllcadan end my roan, (2) respond to baldrics from pia or sdeaquent lenders or holders with respect b my Credit Agreement ad related doanrients, (3) ramose Information and make inquiries to the persons 1113Y0 given you as rational,, ter the purposes of learning my areal address and telephone number, (4) check my ezedt and omptoyn ant mtstory end b answer questions abadtheir aediteoperienm with me. and (5) dtdose to TERt, the Bmower, end/or rte Cosigner dear In m r acfan with this bansacdton R eny laws transaction an Woman 6nc'Jh9 amts hifomtadan and non-public lemma hWnnalat) of the Benue end/or the Cosigner molded In eanne Don writ ads Credit Agreement. U In We Mae I apply fa a bran that Is guarantied by TERd and funded by a nomertander, I aso authorize the sharing of appgcadort hfamadan for cis bin (Other than Information in a txstshroar report) MTh fie ether boder and TERI and the reuse of such Infannadon by such new lender and TERI In my new application. 15• Waver by tender Yamaha (give up) any right int dais a seamy Interest in any properly ID aeage thto Credit kw/arrant The doer not affect any right es onset as a matterorlw. 18. If 1 fax my siantahse(s) an tee find pago of rids Credi Averment back to ya and keep fire copy I aimed, I understand tum under federal taw rhe fax you mail* trey be an original of he acct page of Ods Credit Agreement. You and I agree that all copies of Nis Credit Agreement (Inoludbtg rip fax you receive and the copy I WM), taken together, shol constitute a skate original aarnomenL 17. 11 nary Borrower or Cosigner elects to arm dochoniraly an eterearic record a1 this Orcdll Agmemenl, Bien lie Mowing Mit apply as between !.ander and Sudh person: (a) Lender wN keep a nontruthlsIle electronic record of !hill document and provide a copy to ma WOO request (b) I can and have downloaded ardor printed a copy of MN dociment for my records or nailed Oho Lender b mai me a copy al !Ms doormen, and (c) Lim LandorS etortanto mord of dill document end any pintail from that mold area bo an original for al mimeo, tnchldng cry lawsuit to collect amounts that 1 owe. U I physica0y sbn a copy of this document that has been electronic* nMcaty alined by any other Cosigner or Bonoi ss. as between me and the Lender due copy I sign (and any fax al that copy I may send to Lender) will be an oriel*. However, to elecbordc signature of anoemr party la this Credit Agreement and the Lender's acdmnic record of ids doammem containing tat signature ell be as rand egahral me as an origti aL physical decnnwint Mal b physlcaay signed by ell parties. N. DISCLOSURE NOTICES ALI. APPLICANTS: IMPORTANT FEDERAL LAW MOTIVE— Important fnfommtfon about procedures for opening a new account: To help the government fight the funding or tantalum end money laundering ladle fifths Fetral law requires an financial Institutions to obtain, verify, and record Infonnadon that Identifies each person who opens an account What 1619 means for you: C1.05-06_CLCO.10SC.010S 3 of S PN03_01.0506 CLCO_FA.BAsIC,Ata3OTaan4pdt BORROWER COPY =CM aEP-11-2012 TUE 01:40 PM Whenyou open an account, we will ask for your name, addrew, data of birth, and other Information that WM allow us to Identify you. We may also ask to see your driver's license or oder Identifyingdocuments. PAUFORNIA R o9lT3: I have the right to prohibit the use of Infermation contained in my credit Be In combat t with trarmcdoru not kidded by mo. I may exerd a ads right by notifying the mneumor credit reporting agency. A marred applicant may op ty Me o separate account If you take err, adverse Main es defhed by Sedan 17853 of Ole Cid/mkt tees Code and the edema ocean b based, in Ade or In pad. on any Infamaton contained In a wow craft report, I have the right b abteh with ea days a free copy of my mourner credit report from the consumer reporting agency rem furnished you ray consumer Dahl mood and hem emotive enema creitt marling egencY which complies and martian (Nes on consumers on a rradanada Anil. I havo tie ACM as described by Sector 1705.16 of the CoMania Civg Cade to dispute the arsura1y cc completeness of any Intonation Ina consumer seat report lumished by Via mnmaner Dead reporting agency, firal.,fORNIA AND UTAtiRESIDENTS As reguhee cry Cadaomfa end Ullh law, I am hereby meted Oral a negative credit report teeming an my c i record maybe submitted tee aedltIeperfas agency n I fan b pati Ma tem of my pelt olo4getbns 104, MIMS AWN nerkwthe wed ^roe" ratan a lin. neereen .eA v.CoskretlL hatanded: NOTICE TO CONSUMER, MU Is a annular aide Weedier. 1, DO NOT SiGN THIS CREDIT AGREEMENT BEFORE YOU READ THE CREDIT AGREEMENT. 2. YOUARE EHTTTIED TCA COPY OF THIS CREDIT AGREEMENT. 3. YOU MAY PREPAY TIE UNPAID BALANCE AT ANY TIME WITHOUT PENALTY App MAY BE ENTITLED To A REFUND OF UNEARNED CHARGES IN ACCORDANCE WITH LAW. hiffadifillaBata M Paragraph L.i, Lender and i have agreed thot rate Croda Agreement is aged by federal law and the laws of Rhode (stand, without regain Or conflict of taws odes If any coot should nevertetess determine that Ode Credit Agreemem le algal to Maryland laws concerning auk, then any to Mended that Marybnd Iewapgas. tender and I agree and de* that this Loan is made hada ane governed by Subtitle 10, Credit Grantor Cfased End Crude Moistens, of nee 12 of Ore Commercial Law Ankle al the Mromtad Coda of Maryland except as preempted by federal law. f1fI�SSOURi RESIDENTS: Oral agreements or commitments to loan money, extend credit or to forbear from enforcbhg repayment of a debt including promises to extend or renew such debt are not enforceable. To protect me (borrower(s)) and you (creditor) from mhtunderstanding ordtsappointment, any agreements we reach covering such matters aro contained in this writing, which Is the complete and exclusive statement of the agreement between us, except as we may later agree in writing to modify it. 1NEVADA RESIDENTS; This o a loan for study. tVEW JENSEV fESIOENTS: The sedan headings of ads Credit Agreement are a table of contents and nal Wnbact tames. Portions of his Caere Agreement win mferenc es tv act ns taken to the extent of applicable law apply to acts apadloes that New Jersey law permits or requires. In this Credit/Valmont ads or preclices Q) by you which ere or may he Fernand by 'applicable law' ere pemibed by Now Jersey law, and (r) that may or colli be taken by yet unless prdubited by'appreabie be are Numbed by Now Jpsay law. NEW YORK RHODE ISLAND A.ND VERMONT RESIDENTS; A tom= repot direct report) maybe obtained from a caroumer•repontklg agency (cede bureau) In oaneclion with tie Gann. NI request (1) I will be blamed whether or not cmnsumrr reports were obtained, end fli O reports mare obtained, I win be informed of tiro names and edarsases of tie soda bureaus Mel finished the repots. If pas agree to make this loan to me, a consumer credit raped maybe requested a used in connedpn w0h ronowale or extensions of any grade for which I hare apptkd, rovtewing my loan, taking mteclton aeon on myban, or legitimate purposes assodetod web my hen gugunigne: The Cana laws against discrimination require that et maws rata credo may avalablo to 00 aedh worthy cusmmera, and that audit repdtkg agendas maintain separate credit histories an each bmtvidaat Won reqs The OMa CM! Mph Commission odndnlstas compliance with this tow. WISCONSIN RES Famardod Wioaonstn raddents, my aware an 01ts Credit Agreement confinno D41 11115 roan obligation b being Incurred In to Interest of my mantage or fendty. No prevision of any mantel properly agroarra (prefnadal agrae,nenq, urdbterai statement under Soden 760.59 (road decree under Section 708.70 adversely affects me Interest a1 the Lender unless the Lender, Friar b the Orae that the ban le approved. b rumbhed with a copy of the aerators'!, statement, ce decree w has aduai hrowtedge of Cha aaveraa provision when the obligation 10 the Lender b brand. If the Ilia for which tam applying is granted my rpmuco coal ata re elvo nofilicutirn 'hal credit has been Mended tome. N. 8ORROWER'SCERTIFICATION: Idedereunder penalty ofpeduly under the laws et Ora United Stares of Americo That the bgotuing Is true and carat I way Otat aA information I provided to you in connection with ode loan, including without Ct.OS.06.CLCO.10SG0I05 P1,403SI_05-06_CI.Co_FJCBASIC_i1o3079244.pdr FAX NO. P. 09 limitation, the Karnalion contained In tis Credit Agreement, la true, compare and oared to Ota best of my ktradidge mid ball and b made fn good faith. I understand that I em responsble for repaying in medlatefy any funds that I receive With me not to be used a are not untied for oeupyonel expenses rotated b attendance at the Sdrod for Ate academic period sorted. I catty that I am not now h default w a Federal Perim Loan, a Faderel Stafford blends Fetteroly krared Student Loan, a Federal Supplemental Loan far Students (5L5). a Fodoral PLUS Loan. en Foam Contingent Loan, a Federal Cmsopdalbn loan, a Federal Fad Died Loan, a any critter education loan received for attendance Many saber. • 0. STATE4PECIFIC COSIGNER NOTICES: For Aro purposes of the harming ratites arty. the wads 'We and yen( refer b ate Costner, whew , not to Me larder. FN1A QetIGOR3 COSIGNING tri qWA. HEW YORK AND SOUTH CAR nNA NOTICE: You agree to pay the debt identified below although you may not personally receive any properly, goods, services, or money. You may he sued far payment although the person who receives the property, goods, services, or money is able to pay. You should know that the Teter of Payments fisted below does not include finance charges resulting from delinquency, late charges, repossession or foreclosure Casts, court costs or attomey's fees, or other Charges that maybe stated In this Credit Agreement or cantraCl. You will arso have to pay some or all of these costs and charges if this Credit Agreement or centrad, the payment of which you aro guaranteeing requires the borrower to pay such costs and chatges.'This notice i6 not the Credit Agreement or cantratt that obligates you to pay the) (debt Read the Credit Agreement or contract for the exact terms of) (Your obligation. IDENTIFICATION OF DEBT (S) YOU MAY HAVE 'TO PAY Name of Debtor. The Borrower and Cosigner Identified on the first page of thls Credit Agreement Name of Creditor. Citizens Bank of Rhode Island, and Its successors and assigns. Data: U the loan is disbursed by check. the date of the check. If the loan Is disbursed electronically, the date the creditor transmits the fords to the Schack IGnd of Debt Education loan. Tolat al Payments: Tire Loan Amount Requested set forth on the fast page of this Credit Agreement (Io the extent advanced), plus Interest and the Loan Origination Fee set forth in this Credit Agreement. FOR 0e1,IGORS COSIGNING. N VERMONT; NOTICE TO COSIGNER YOUR SIGNATURE ON THIS CREDIT AGREEMENT MEANS THAT YOU ARE EQUALLY LIABLE FOR REPAYMENT OF THIS LOAN. iF THE BORROWER DOES NOT PAY, THE LENDER HAS A LEGAL RiGHT TO COLLECT FROM YOtI. FOR MOORS A: 4of5 BORROWER COPY (:)J CISCDF 'SEP -11-2012 TUE 01:40 PM NOTICE TO COSIGNER You are being asked lo guarantee thls debt. Think carefully before you do. lithe borrower doesn't pay the debt, you will have to. Be sun: you can afford to pay It if you have to, and That you want to accept this responstifity. You may have to pay up to the fun amount of the debt if the borrower does not pay. You may also have to pay late fees or collection costs, which Increase this amount. The credilar can collect this debt from you without first trying to collect from the borrower. The creditor can use the same collection methods against you that can be used against the bwrrcwer, such as suing you, garnishing your wages, etc. if this debt is ever in default, that fad may become a part of your credit *cord. This notice Is not the contract that makes you Gable for the, CI,QS-06.CLC0.10SC.0105 $ ars PtCLCI_1646_0130F.xBASIC_A103076244.01 BORROWER COPY FAX NO P. 10 GDY CISCOF 7SEP-11-2012 TUE 01:411 FAX O. P. 11 FEDERAL AND CAN OR A COSIGNER NOTICES For the purposes of these Notices, the wards "you" and `your" refer to the Cosigner, not the render. OTICE TO COS E rod You are being asked to guarantee this debt. Think carefully before you do. lithe borrower doesn't pay the debt, you will have to. Be sure you can afford to pay if you have to, and that you want to accept This responsibility. You may have to pay up to the full amount of the debt if the borrower does not pay. You may also have to pay late fees or collection costs, which increase this amount SeR er Ln The holder of the loan can collect this debt from you without first trying to collect from the borrower. The holder of the loan can use the same collection methods against you that can be used against the borrower, such as suing you, garnishing your wages, etc. If this debt is ever in default. that fact may become part of your credit record. is you tiabie for the debt. AVISO PARA EI. FIAJ)OR (Spnnish Trar dation Required by Luww: Se le eseS pidiendo que garantice esta dcuda. Pitbtselo con cuidado antes de panersc de acuerdo. Si !a persona qua ha pcdido este prdstamo no paga la deuda, ustcd tcndni que pagarla. Rad segwo de quc ustcd podrd pager si sea obligedo a pagaria y de qua acted dcsea aceptar la responsabilidad. Si Ia persona que he pcdldo el prdstamo no page la deuda, es visible que usted tenga que pager le some total de le dcuda, mas los cargos poi tardarse en el pago o el costo de cobranza, to cual aumenta el total de este sumo. El acteedor (fmanciero) puede cobrerle a usted sin, primeramente, tratar de cobrarle al deudor. Los mismos metodos de cobranza que pucden usarse contra cl (louder, podran usarse contra usted, tales como presenter una demands en carte, guitar parte de su sueldo, etc. Si olguna vis no se a nnpla con Ia obligation de pager este deuda, se puede incluir ese information en la historia de credito de usted. e aviso no cs el contralo mismo en que se le cella a usted la responsibilidad de la deuda. Cr.05.06.CLCO.I OSC.0105.FD PNO3_CI_05-00_CLCO_FxBASIC A1030Th244,Fdf COSIGNER COPY CISCOF National Collegiate Student Loan Trust 2006-1 c/o NCO Financial Systems Inc. 5100 Peachtree Industrial Blvd Norcross, GA 30071 Plaintiff v. David Becirovic 214 Hummel Ave Lemoyne, PA 17043 Defendant : IN THE COURT OF COMMON PLEAS OF : CUMBERLAND COUNTY, PENNSYLVANIA : CIVIL ACTION — LAW : NO. 2014-1619 CIVIL TERM NOTICE TO: National Collegiate Student Loan Trust 2006-1 c/o NCO Financial Systems Inc. YOU ARE HEREBY NOTIFIED TO PLEAD TO THE ENCLOSED PRELIMINARY OBJECTIONS WITHIN TWENTY (20) DAYS FROM SERVICE HEREOF OR A DEFAULT JUDGMENT MAY BE ENTERED AGAINST YOU. Daniel L. Puskar, Esquire IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA NATIONAL COLLEGIATE STUDENT : LOAN TRUST 2006-1 : CIVIL ACTION c/o NCO Financial Systems Inc. Plaintiff : vs. DAVID BECIROVIC Defendant : NO: 14 -1619 -CT NOTICE TO DEFEND You have been sued in court. If you wish to defend against the claims set forth in the following pages, you must take action within twenty (20) days after this Complaint and Notice to Defend are served, by entering a written appearance personally or by an attorney and filing in writing with the court your defenses or objections to the claims set forth against you. You are warned that if you fail to do so the case may proceed without you and a judgment may be entered against you by the court without further notice for any money claimed in the Complaint or for any other claim or relief requested by the plaintiff. You may lose money or property or other rights important to you. YOU SHOULD TAKE THIS PAPER TO YOUR LAWYER AT ONCE. IF YOU DO NOT HAVE A LAWYER OR CANNOT AFFORD ONE, GO TO OR TELEPHONE THE OFFICE SET FORTH BELOW TO FIND OUT WHERE YOU CAN GET LEGAL HELP. IF YOU CANNOT AFFORD TO HIRE A LAWYER, THIS OFFICE MAY BE ABLE TO PROVIDE YOU WITH INFORMATION ON AGENCIES THAT MAY OFFER LEGAL SERVICES TO ELIGIBLE PERSONS AT REDUCED FEE OR NO FEE. MIDPENN LEGAL SERVICES 401 EAST LOUTHER STREET CARLISLE, PA 17013 717-243-9400 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY. PENNSYLVANIA NATIONAL COLLEGIATE STUDENT LOAN TRUST 2006-1 : CIVIL ACTION c/o NCO Financial Systems Inc. Plaintiff : vs. DAVID BECIROVIC Defendant : NO: 14 -1619 -CT AMENDED COMPLAINT Plaintiff, NATIONAL COLLEGIATE STUDENT LOAN TRUST 2006-1, by and through its attorneys, Edwin A. Abrahamsen & Associates, P.C., complains of the Defendant as follows: L The defendant DAVID BECIROVIC (hereinafter "Defendant") is an adult individual residing at 214 HUMMEL AVE LEMOYNE PA 17043-2066. 3. On or about July 18, 2005, the defendant executed the written promissory note with Citizens Bank of Rhode Island, for the payment of tuition in which the defendants were required to make monthly payments in accordance with the terms set forth in the credit agreement. A copy of the promissory note, is attached hereto as Exhibit "A." 4. The total amount of the loan sought was $6485.00. See, Exhibit "A." 5. On or about August 26, 2005, an initial disbursement in the amount of $3242.00 was made to Defendant to be used for educational purposes at the Academy of Medical Arts & Business for the academic period of July 2005 -July 2006 were disbursed to Defendant. See, Exhibit "A." 6. On or about December 2, 2005, a second disbursement in the amount of $3242.00 was made to Defendant to be used for educational purposes at the Academy of Medical Arts & Business for the academic period of July 2005 -July 2006 were disbursed to Defendant. See, Exhibit "A." 7. Defendant, by and through his signature and acceptance of the funds, agreed to be bound by the terms and conditions of the written Promissory Note. 8. The Principal amount of the Loan, inclusive of costs and fees, was $6582.74. See, Exhibit "A." 9. The terms of the Promissory Note called for monthly payments to be made as more fully set forth therein. 10. The defendants failed to make the required payments when due, the last payment made on February 19, 2010. A true and correct copy of Defendants' Payment History report is attached hereto as Exhibit "B." 11. As a result of lack of payments, the account was originally charged -off on February 1, 2011 with a balance due of $6876.30. See, Exhibit "B." 12. The total amount due, including principal and interest owed by defendants is $7326.71. See, Exhibit "B." 13. Plaintiff has declared Defendants to be in default and demands payment of the balance due from the Note. 14. Defendants' account was sold by Citizens Bank of Rhode Island to Plaintiff for valuable consideration, and all rights and interest in the account have been transferred to Plaintiff. A true and correct copy of the chain of title for the subject account is attached hereto, incorporated herein and marked as Exhibit "C." 15. NCO Financial Systems, Inc is the servicer of the account at issue for Plaintiff, and in that role, NCO is the custodian of records and maintains and manages the accounts for the Plaintiff. WHEREFORE, Plaintiff requests judgment in its favor and against Defendants in the amount of $7326.71 plus costs of suit and any other relief as the Court deems just and appropriate. Respectfully submitted, Mi - . el "' atc: • rd, Esquire cost J. Best, Esquire Attorney I.D. Nos.:86285/93600 120 N. Keyser Ave Scranton, PA 18504 Phone: 800-503-1665 Fax: 570-558-5511 VERIFICATION I, Scott J. Best, attorney for Plaintiff, National Collegiate Student Loan Trust 2006-1, am fully familiar with the facts set forth in the within Amended Complaint and am authorized to make this Verification on behalf of Plaintiff. I am making this Verification as Plaintiff is located outside of this jurisdiction and a Verification could not be obtained in the time required for this filing. I Verify that the facts set forth in the within allegations are true and correct to the best of my knowledge, based on information transmitted and provided to me by Plaintiff, knowing that any false statements are punishable by law pursuant to 18 C.S.A. 4904. A client verification has been requested and will be substituted for this attorney verification upon receipt. 56205 097714 • Cosigned CEL • Loan Request/Credlt Agreement -- Signature Page NDN -NEGOTIABLE CREW AGREEMENT - Ti'i1818 A CONSUMER CREDIT TRANSACTION LOAN PROGRAM INFORMATION TERI Continuing Education Loan Lender: Citizens Bank of Rhode Island School: ACADEMY OF MEDICAL ARTS & BUS Loan Amount Requested: $6485.00 Academic Period: 0712005-07!2003 Deferral Period Margin: 3.5 Repayment Period Margin: 3,5 Loan Origination Fee. Percentagt3: STUDENT BORROWER INFORMAT1ON (Must beet West 18 years of spay _ Borrower Name: Seed Scenic Home Address: 4101 F Beachwood Lone Harrisburg, PA 17112 Social Security # Date of Birth: 04/08/1953 Home Telephone: 7173795893 SG,dera Citizenship (ettedt one box): X) U.S. Cpizen O Eflglbb Man -Crehan (Attach front & beck Dopy of CIS or student visa care) Note: Personal reference name and address cannot match Owl of the Cosigner. Personal Reference Rinse: Ronald Kirby Redemnce Hosts Te10: (717L23&i770 Work Ted A Reference Sheat Address' 3211 North Front Strait Reference City/State/Zip: Hatrklnrrg, PA 11110 COSIGNER INFORMATION Nest be at least 18 years cd ems) . - , _ .. _ ... . .. . . .. Cosigner Name: 0a" Becirtrvic Home Address: 1872 Wail Diva Caniste, PA 17013 Social Security #: ' Dale of Birth: 05/11/1957 Hone Telephone: 7172588735 Have you error dotaldrod en a student loan or deClated banlauplcy? al No 0 Yat Current Employer. PA DEPT OF REVENUE Employer Telephone: 1/71058110 ; • Curren) Poston: Otho Years There: 2 Years Years al Previous Employment: Alimony, child support or swarths maintenance incomes do nal hew to be revealed If you do not want Cham constdersd for repaying this obligation, 11 you are relying on such additional Income, plass- provide Malls on a sspsrste shah of papa. Coelgner Citizenship (check one bosk)! rA U.S. Citizen 0 Eligible Non -Olken (Attach trent 8 back copy 01.05) Note: Personal Warsaw name and address mince match that of the Student Personal Reference Name: Spun Flannite i • Reference Home Tel lt: 711) UCS,TZ 7 Wok Tel Reformat! Steel Address: Se State Avenue ` •' Raterance C 1Statel?3p: By my almanac. I certify that 1 Mvo rod, andenund and agree to the term of and undertake the obligathan sot fonh on at fav 14) pages of this tarn Request/Credit Apeman C1.0S-06,CLCO.IOSC.OIOS (`Credit Autumn.). I undersand the any person who ionowingly maker falro AMMAN or misrepresentation on this.form h subject to pcnulties, which nay inchrdo fines or imprisonnen4 This Credit Agretarns n xignd ander seal. I urdratand that 1 ern sot iv uircd to tax my signature OA nor to sign electronically this Credit Agreemrnm and any related notices that require signature. If I choose to fax my sipawe on cc to nip electronically this Credit Agreement and any related notices that require sigmure, 1 intend: (i) any fb or electronic signature to be an electronic signs= under applicabk federal and stat low. (11) any fax printout or printers of Lender's electronic record of this Crodin Agnomens and related notices to be an original doeomma. (i3) to conduct business with the Lender by electronic records and ekeomic tignatwes. and (ivy Wal lis Credit Apeeuncnr will no be governed by Aniek 3 of the Uniform Commercial Code. sad my obligaunns under this Credit Apcanum' will not be subject to, tan arty transfer of my obligations will be subject to. Ankle 9 of the Uviform Commercial Code. FOR ALABAMA RESIDJNTS: CAUTION - IT IS IMPORTANT THAT YOU THOROUGHLY READ THE COhiTRACr BEFORE YOU SIGN 1T. FOR WISCONSIN RE§IDENTS: NOTICE TO CUSTOMER: (s) DO NOT SIGN THIS CREDIT AGREEMENT BEFORE YOU READ THE WRITING ON THE FOLLOWING PAGES, EVEt4 IF OTHERWISE ADVISED. (b) DO NOT SIGN THIS CREDIT AGREEMENT IF IT CONTAINS ANY BLANK SPACES. (c) YOU ARE ENTITLED TO A;1 EXACT COPY OF ANY AGREEMENT YOU SIGN. (d) YOU HAVE THE RIGHT AT ANY TIME TO PAY IN ADVANCE THE UNPAID BALANCE UNDER THIS CREDIT AGREEMENT AND YOU MAY BE ENTITLED TO A PARTIAL REFUND OF E FINANCE CHARGE. PLEASE SIGN BELOW- SfRici,,This Page With P f of InasEnrollment -FAX TO: 1100 704 9408. Signature of Borrower '�-" Date 07 ©r BY SIGNING THIS CREDIT AGREE lu9 BELOW, I CERTIFY THAT I INTEND TO (I) APPLY FOR JOINT CREDIT AND (I) B ;a}fijTLY UABLE WITH THE BORROWER FOR THIS LOAN, Date - 1 e-05- • -05- • Signature of Cosigner CI.O5-06.CLCO.IOSC,010S I of 5 BORROWER COPY PNO3_CI_0Sa6_Q CO.F_X..R cittm071iM.pd1 OSC OF In this Credit Agreement, the words `I", "me", "my', and "mine" mean the person(s) who signed this Credit Agreement as Borrower and Cosigner. The words "you", "your, "yours", and "Lender mean Citizens Bank of Rhode Island, its successors and assig ns, and any other holder of this Credit Agreement "School` means the school named at the top of the first page of this Credit Agreement. The "servicer" means the Lender or any entity it designates to service my loan. A. PROMISE TO PAY: 1 promise to pay to you the principal sum of the Loan Amount Requested shown on the first page of this Credit Agreement, to the extent it is advanced to me or paid on my behalf, and any Loan Origination Fee added to my loan (see Paragraph F) ("Principal Sum"), interest on such Principal Sum, interest on any unpaid interest added to the Principal Sum and late fees (see Paragraph E.6). B. IMPORTANT - READ THIS CAREFULLY: 1. When you receive my signed Credit Agreement, you are not agreeing to lend me money. If you decide to make a loan to me, you will electronically transfer the loan funds to the School for me, mail a loan check to the School for me, or mail a loan check direct)y to me. You have the right to not make a loan or to lend an amount less than the Loan Amount Requested. I agree to accept an amount less than the Loan Amount Requested and to repay that portion of the Loan Amount Requested that you actually lend to me. You have the right to disburse my loan through an agent. At your option, you may also make any loan check co -payable to me and the Cosigner or to me and the School. 2. H0W I AGREE TO THE TERMS OF THIS LOAN. By signing this Credit Agreement, and submitting it to the Lender, I am requesting that you make this loan to me in an amount equal to the Loan Amount Requested plus any Loan Origination Fee described in Paragraph F of this Credit Agreement. If you approve this request and agree to make this loan, you will notify me in writing and provide me with a Disclosure Statement, as required by law, at the time the loan proceeds are disbursed. The Disclosure Statement is incorporated herein by reference and made a part hereof. The Disclosure Statement will tell me the amount of the loan which you have approved, the amount of the Loan Origination Fee, and other important information. I will let you know that 1 agree to the terms of the loan as set forth in this Credit Agreement and in the Disclosure Statement by doing either of the following: (a) endorsing or depositing the check that disburses the loan proceeds; or (b) allowing the loan proceeds to be used by or on behalf of the Student without objection. Upon receipt of the Disclosure Statement, I will review the Disclosure Statement and notify you in writing if I have any questions. tf I am not satisfied with the temrs of my loan as disclosed in the Disclosure Statement, I may cancel my loan. To cancel my loan, I will give you a written cancellation notice within ten (10) days after I receive the Disclosure Statement. If loan proceeds have been disbursed, I agree that I will immediately retum the loan proceeds to you, will not endorse any check which disburses the loan proceeds and will instruct the School to retum any loan proceeds to you. If I give notice of cancellation but do not comply with the requirements of this Paragraph B.2, this Credit Agreement will not be canceled and I will be in default of this Credit Agreement. (See Paragraph 1.) C. DEFINITIONS: 1. "Disbursement Date" means the date or dates on which you lend money to me in consideration for my Credit Agreement and will be the date(s) shown on any loan check you prepare or the date(s) you initiate any electronic funds transfer. 2. The "Deferment Period" will begin on the Disbursement Date and end on the Deferment End Date. 3. "Deferment End Date" has the following meaning: (a) If the Student is enrolled in a degree or certificate -granting program at the School, the earlier of the date which is (i)180 days after the Student graduates or eams the certificate, (0) 180 days after the Student ceases to be enrolled at the School, or (iii) 2 years after date of the loan disbursement under this Credit Agreement. (b) If the Student is not enrolled in a degree or certificate -granting program at the School, the earlier of the date which is (1) 180 days after the end of the Academic Period described on the first page of this Credit Agreement, or (ii) 180 days after the Student ceases to be enrolled at the School. 4. The "Repayment Period" begins the day after the Deferment Period ends. The Repayment Period is 20 years unless monthly payments equal to the minimum monthly payment amount (See Paragraph E.2) will repay all amounts owed in less than 20 years, in which case the Repayment Period will be the number of months necessary to pay in full the amount I owe at the minimum payment. D. INTEREST: 1. Accrual - Beginning on the Disbursement Date, interest will be calculated at the Variable Rate (Paragraph D.2) and charged on the Principal Sum, and on any unpaid interest later added to the Principal Sum according to Paragraph D.3. During the Repayment Period, interest will be calculated at the Variable Rate and charged on the outstanding balance of this Credit Agreement until all amounts are paid in full. Interest will be calculated on a daily simple interest basis. The daily interest rate will be equal to the annual interest rate in effect on that day, divided by the number of days in that calendar year. 2. Variable Rate - The °Variable Rate" is equal to the Current Index plus a Margin. The Margins for both the Deferment Period and the Repayment Period are shown on the first page of this Credit Agreement In no event will the Variable Rate exceed the maximum interest rate allowed by the laws of the State of Rhode Island. The Variable Rate will change quarterly on the first day of each January, April: July and October (the "Change Date(s)") 0 the Curent Index changes. The "Current Index" for any calendar quarter beginning on a Change Date (or for any shorter period beginning on {W027689 .5fC1.05-06.CLCO.10SC.0105 2 of 4 the Disbursement Date and ending on the last day of a calendar quarter) is based on the one-month London Interbank Offered Rate ("LIBOR") as published in the "Money Rates" section of The Wall Street Joumal. The index for each calendar quarter (or for any shorter period beginning on a Disbursement Date and ending on the last day of a calendar quarter) will equal the average of the LIBOR rates published on the first business day of each of the three (3) immediately preceding calendar months. rounded to the nearest one-hundredth percent (0.01 %). If The Wall Street Journal is not published or the Current Index is not given on that date, then the Current Index will be determined by using the immediately preceding published Current Index. If the Current Index is no longer available, you will choose a comparable index. 3. Cap0alization - I understand that you will add all accrued and unpaid interest to the principal balance of my loan ("capitalize interest") as of the last day of the Deferment Period and at the end of any forbearance period. In all cases, the sum is thereafter considered the principal, and interest will accrue on the new principal balance. E. TERMS OF REPAYMENT: 1. Deferment Period - You will send statements during the Deferment Period (showing the total outstanding principal balance of my loan and the interest that has accrued on my loan). You reserve the right to send statements or notices to either the Borrower or the Cosigner. Statements will be sent to the address shown on your records. I may, but am not required to, make payments during the Deferment Period. You will add any interest that I do not pay during the Deferment Period to the principal loan balance at the end of the Deferment Period, as described in Paragraph D.3. Thereafter, the accrued interest will be treated as principal. 2. Repayment Period - The amount of my monthly payment ("Monthly Payment Amount") will be established based on the rules in this Credit Agreement when my Repayment Period begins. During the Repayment Period, you will send me monthly statements that show the Monthly Payment Amount and the payment due dates, and I will pay the Monthly Payment Amount shown on my monthly statement which amount will in no event be less than $25 or the unpaid balance, whichever is less. I understand that the Monthly Payment Amount is due each month. I may pay more than my Monthly Payment Amount at any time without penalty or charge. If my loan is in paid - ahead status, I may, but will not be required to make monthly payments. You reserve the right to send monthly statements to the Borrower and/or the Cosigner. Even if I do not receive monthly statements, I will make consecutive monthly payments in amounts at least equal to the Monthly Payment Amount by the applicable payment due dates until I have paid all of the principal and interest and any other charges I may owe under this Credit Agreement. 3. Repayment Terms - My Monthly Payment Amount will be calculated as of the day the Repayment Period begins ("Repayment Date"). I1 will be recalculated (a) once each year prior to the anniversary of the Repayment Date, (b) if the Variable Rate changes between anniversaries of the Repayment Date to the extent that the Monthly Payment Amount would not pay in full the accrued monthly interest on my loan, (c) following any subsequent deferment or forbearance period or (d) following any request by the Borrower to the servicer to change the monthly payment due date (each of which events is a new "Repayment Date"). As of any Repayment Date, my Monthly Payment Amount will be recalculated. My new Monthly Payment Amount will be disclosed to me by the servicer. The new Monthly Payment Amount will equal the amount necessary to pay in full, over the number of months remaining in the Repayment Period, the amount I owe in equal monthly installments of principal and interest at the Variable Rate in effect at the time of the calculation. I understand that this may result in a reduction or increase in my monthly payment as calculated as of each Repayment Date. I understand that during the Repayment Period the servicer may change the monthly payment due date of future payments to a later date for the convenience of the servicer in processing payments or in order to coordinate the due dates of all of my loans processed by the servicer. 4. Amounts Owing at the End of the Repayment Period - Since interest accrues daily upon the unpaid principal balance of my loan, if I make payments after my payment due dates, 1 may owe additional interest. 0 I have not paid my late fees, I will also owe additional amounts for those late fees. In such cases you will increase the amount of my last monthly payment to the amount necessary to repay my loan in full. 5. Payments - Payments will be applied first to late fees, other fees and charges, accrued interest, and the remainder to principal. 6. Other Charges - If any part of a monthly payment remains unpaid for a period of more than 15 days after the payment due date, I will pay a late fee not exceeding $5.00 or 5% of the overdue payment amount, whichever is less. To the extent permitted by law,1 agree to pay you all amounts you incur in enforcing the terms of this Credit Agreement, including reasonable collection agency and attomeys' fees and court costs and other collection costs. F. LOAN ORIGINATION FEE: If you charge me, I will pay you a Loan Origination Fee at the time my loan is disbursed. The dollar amount of any Loan Origination Fee will be determined by multiplying the Principal Sum times the Loan Origination Fee Percentage shown on the first page of this Credit Agreement The percentage would be higher if computed only on the amount advanced rather than on the entire Principal Sum (Loan Origination Fee plus the loan amount advanced). For example, a nominal Loan Origination Fee of 6.5% on the entire principal amount would equal 6.9519% of the amount advanced. The Loan Origination Fee I will pay, if any, will be shown on my Disclosure Statement and included with the Principal Sum. To the extent permitted by law, and unless I timely cancel this Credit Agreement (see Paragraph B.2), I will not be entitled to a refund of any Loan Origination Fee after my loan has been disbursed. G. RIGHT TO PREPAY: I have the right to prepay all or any part of my loan at any time without penalty. H. FORBEARANCE: If I am unable to repay my loan in accordance with the terms established under this Credit Agreement because of a hardship such as financial or medical difficulty, I may request that you modify these terms. I understand that such modification would be at your option, I understand that I will remain responsible for all interest accruing during any period of forbearance and that you will add any interest that I do not pay during any forbearance period to the principal balance, as described in Paragraph D.3. L WHOLE LOAN DUE: To the extent permitted by applicable law, I will be in default and you have the right to give me notice that the whole outstanding principal balance, accrued interest, and all other amounts payable to you under the terms of this Credit Agreement, are due and payable at once (subject to any applicable law which may give me a right to cure my default) if: (1) I fail to make any monthly payment to you when due, (2) I die, (3) I break any of my other promises in this Credit Agreement, (4) any bankruptcy proceeding is begun by or against me, or I assign any of my assets for the benefits of my creditors, or (5) I make any false written statement in applying for this loan or any other loan or at any time during the Deferment or Repayment Periods. 111 default, I will be required to pay interest on this loan accruing after default The interest rate after default will be subject to adjustment in the same manner as before default. Upon default, you may also capitalize any interest and tees (Le., add accrued and unpaid interest and fees to the principal balance). and increase the Margin used to compute the Variable Rate by two percentage points (2%), J. NOTICES: 1. I will send written notice to you, any subsequent holder of this Credit Agreement, and the servicer within len days after any change in name, address, or enrollment status (for example, if the Borrower withdraws from the School or transfers to another school participating in this loan program). 2. Any notice required to be given to me by you will be effective when mailed by first class mail to the latest address you have for me. Unless required by applicable law, you need not give a separate notice to the Cosigner. K. INFORMATION: 1. I must update the information I provided to you whenever you ask me to do so. 2. I authorize you from time to time to request and receive from others credit related information about me (and about my spouse if I live in a community property state). 3. CREDIT BUREAU REPORTING You may report information about my account to credit bureaus. Late payments, missed payments, or other defaults in my account may be reflected in my credit report. I understand that the reporting of information about my account to credit bureaus may adversely affect my credit rating and my ability to obtain other credit. You may also report the status of my loan and my payment history, including information about a late payment, missed payment or other defaults, to the School and others in accordance with applicable law. L. ADDITIONAL AGREEMENTS: 1. I understand that you are located in Rhode Island and that this Credit Agreement will be entered into in the same state. CONSEQUENTLY, THE PROVISIONS OF THIS CREDIT AGREEMENT WILL BE GOVERNED 8-REDERAL"LAW ANDTHE.tAWS OF THE STATE OF RHODE ISLAND, WITHOUT REGARD TO CONFLICT GF LAW RULES. 2. The proceeds of this loan will be used only for my educational expenses at the School. The Cosigner will not receive any of the loan proceeds. 3. My responsibility for paying the loan evidenced by this Credit Agreement is unaffected by the liability of any other person to me or by your failure to notify me that a required payment has not been made. Without losing any of your rights under this Credit Agreement you may accept (a) late payments, (b) partial payments or (c) payments marked "paid in full" or with other restrictions. You may delay, fail to exercise, or waive any of your rights on any occasion without losing your entitlement to exercise the right at any future time, or on any future occasion. You will not be obligated to make any demand upon me, send me any notice, present this Credit Agreement to me for payment or make protest of non-payment to me before suing to collect on this Credit Agreement if I am in default, and to the extent permitted by applicable law, I hereby waive any right I might otherwise have to require such actions. I WILL NOT SEND YOU PAYMENTS MARKED "PAID IN FULL", "WITHOUT RECOURSE" OR WITH OTHER SIMILAR LANGUAGE UNLESS THOSE PAYMENTS ARE MARKED FOR SPECIAL HANDLING AND SENT TO THE ADDRESS IDENTIFIED FOR SUCH PAYMENTS ON MY BILLING STATEMENT, OR TO SUCH OTHER ADDRESS AS I MAY BE GIVEN IN THE FUTURE. 4. I may not assign this Credit Agreement or any of its benefits or obligations. You may assign this Credit Agreement at any lime. 5. The terns and conditions set forth in this Credit Agreement and Instructions and the Disclosure Statement constitute the entire agreement between you and me. 6. tf any provision of this Credit Agreement is held invalid or unenforceable, that provision shall be considered omitted from this Credit Agreement without affecting the validity or enforceability of the remainder of this Credit Agreement 7. A provision of this Credit Agreement may only be modified ff jointly agreed upon in writing by you and me. Any modification will not affect the validity or enforceability of the remainder of this Credit Agreement. {W0276892.5IC1.05-06.CLCO.10SC.0105 3 of 4 8. To the extent permitted by law, you have the right to apply money from any of my deposit account(s) with you to pay all or a portion of any amount overdue under this Credit Agreement. I hereby authorize you to obtain from the School all amounts which may be owed to me by the School, including any refund due to overpayment, early termination of enrollment: or otherwise. 9. If this Credit Agreement is executed by more than one Borrower, each Borrower agrees that any communication between you and any of the Borrowers will be binding on all of the Borrowers. I intend to be treated as a principal of this Credit Agreement and not as a surety. To the extent I may be treated as a surety. I waive all notices to which I might otherwise be entitled as such by law, and all suretyship defenses that might be available to me (including, without limitation, contribution, subrogation and exoneration). I agree that the Borrower may agree to any forbearance or other modification of the repayment schedule and that such agreement will be binding on me. It shall not be necessary for you to resort to or exhaust your remedies against the borrower before calling upon me to make repayment. For purposes of this paragraph only, "I" and "me" refer to the Cosigner only. 10. All dollar amounts stated in this Credit Agreement are in United Skates dollars. I will make all payments in United States Dollars with no deduction for currency exchange. 11. If the Student fails to complete the education program paid for with this loan, the Cosigner and I are not relieved of any obligation within or pursuant to this Credit Agreement. 12. I acknowledge that the requested loan is subject to the limitations on dischargeability in bankruptcy contained in Section 523 (a) (8) of the United States Bankruptcy Code, Specifically, I understand that you have purchased a guaranty of this loan, and that this loan is guaranteed by The Education Resources Institute, Inc. ('TERI"), a non-profit institution. 13. I authorize any school that I may attend to release to you, and any other persons designated by you, any requested information pertinent to this loan (e.g. enrollment status, prior loan history, and current address). 14. I authorize the Lender, any subsequent holder of this Credit Agreement, and their agents to: (1) advise the School of the status of my application and my loan, (2) respond to inquiries from prior or subsequent lenders or holders with respect to my Credit Agreement and related documents, (3) release information and make inquiries to the persons I have given you as references, for the purposes of teaming my current address and telephone number, (4) check my credit and employment history and to answer questions about their credit experience with me, and (5) disclose to TERI, the Borrower, and/or the Cosigner either in connection with this transaction or any future transaction all information (including status information and non-public personal information) of the Borrower and/or the Cosigner provided in connection with this Credit Agreement. If in the future I apply for a loan that is guaranteed by TERI and funded by another lender, I also authorize the sharing of application information for this loan (other than information in a consumer report) with the other lender and TERI and the reuse of such information by such new lender and TERI in my new application. 15. Waiver by Lender. You waive (give up) any right to claim a security interest in any property to secure this Credit Agreement. This does not affect any right to offset as a matter of law. 16. 1 I fax my signature(s) on the first page of this Credit Agreement back to you and keep the copy I signed, I understand that under federal law the fax you receive will be an original of the first page of this Credit Agreement. You and I agree that all copies of this Credit Agreement (including the fax you receive and the copy I retain), taken together, shall constitute a single original agreement. 17. If any Borrower or Cosigner elects to sign electronically an electronic record of this Credit Agreement, then the following will apply as between Lender and such person: (a) Lender will keep a non -modifiable electronic record of this document and provide a copy to me upon request, (b) I can and have downloaded and/or printed a copy of this document for my records or notified the Lender to mail me a copy of this document, and (c) the Lender's electronic record of this document and any printout from that record shall be an original for all purposes; including any lawsuit to collect amounts that I owe. If I physically sign a copy of this document that has been electronically signed by any other Cosigner or Borrower, as between me and the Lender the copy I sign (and any fax of that copy I may send to Lender) will be an original. However, the electronic signature of another party to this Credit Agreement and the Lender's electronic record of this document containing that signature will be as valid against me as an original, physical document that is physically signed by all parties. M. DISCLOSURE NOTICES ALL APPLICANTS: IMPORTANT FEDERAL LAW NOTICE— Important information about procedures for opening a new account: To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account What this means for you: hen you open an account, we will ask for your name, address, to of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents. CALIFORNIA RESIDENTS: I have the right to prohibit the use of information contained in my credit file in connection with transactions not initiated by me. I may exercise this right by notifying the consumer credit reporting agency. A married applicant may apply for a separate account. If you take any adverse action as defined by Section 1785.3 of the California Civil Code and the adverse action is based, in whole or in part, on any information contained in a consumer credit report, I have the right to obtain within 60 days a free copy of my consumer credit report from the consumer reporting agency who furnished you my consumer credit report and from any other consumer credit reporting agency which compiles and maintains files on consumers on a nationwide basis. I have the right as described by Section 1785.16 of the Califomia Civil Code to dispute the accuracy or completeness of any information in a consumer credit report furnished by the consumer credit reporting agency, CALIFORNIA AND UTAH RESIDENTS: As required by Califomia and Utah law, I am hereby notified that a negative credit report reflecting on my credit record may be submitted to a credit reporting agency if I fail to fulfill the terms of my credit obligations. IOWA, KANSAS AND NEBRASKA RESIDENTS (For purposes of the following notice the word "you" refers to the Borrower and the Cosigner, not the Lender): NOTICE TO CONSUMER. This is a consumer credit transaction. 1. DO NOT SIGN THIS CREDIT AGREEMENT BEFORE YOU READ THE CREDIT AGREEMENT. 2. YOU ARE ENTITLED TO A COPY OF THIS CREDIT AGREEMENT. 3. YOU MAY PREPAY THE UNPAID BALANCE AT ANY TIME WITHOUT PENALTY AND MAY BE ENTITLED TO A REFUND OF UNEARNED CHARGES IN ACCORDANCE WITH LAW. MARYLAND RESIDENTS: In Paragraph L.1, Lender and I have agreed that this Credit Agreement is govemed by federal law and the laws of Rhode Island, without regard to conflict of laws rules: if any court should nevertheless determine that this Credit Agreement is subject to Maryland laws conceming credit, then only to the extent that Maryland law applies, Lender and I agree and elect that this loan is made under and governed by Subtitle 10, Credit Grantor Closed End Credit Provisions, of Title 12 of the Commercial Law Article of the Annotated Code of Maryland, except as preempted by federal law. MISSOURI RESIDENTS: Oral agreements or commitments to loan money, extend credit or to forbear from enforcing repayment of a debt including promises to extend or renew such debt are not enforceable. To protect me (borrower(s)) and you (creditor) from misunderstanding or disappointment, any agreements we reach covering such matters are contained in this writing, which is the complete and exclusive statement of the agreement between us, except as we may later agree in writing to modify it. NEVADA RESIDENTS: This is a loan for study. NEW JERSEY RESIDENTS: The section headings of this Credit Agreement are a table of contents and not contract terms. Portions of this Credit Agreement with references to actions taken to the extent of applicable law apply to acts or practices that New Jersey law permits or requires. In this Credit Agreement, acts or practices (i) by you which are or may be permitted by "applicable law" are permitted by New Jersey law, and (f) that may or will be taken by you unless prohibited by "applicable law' are permitted by New Jersey law. NEW YORK, RHODE ISLAND AND VERMONT RESIDENTS: A consumer report (credit report) may be obtained from a consumer -reporting agency (credit bureau) in connection with this loan. 111 request (1) I will be informed whether or not consumer reports were obtained, and (2) if reports were obtained, I will be informed of the names and addresses of the credit bureaus that furnished the reports. If you agree to make this loan to me, a consumer credit report may be requested or used in connection with renewals or extensions of any credit for which I have applied, reviewing my loan, taking collection action on my loan. or legitimate purposes associated with my loan. OHIO RESIDENTS: The Ohio laws against discrimination require that all creditors make credit equally available to all credit worthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law. WISCONSIN RESIDENTS: For married Wisconsin residents, my signature on this Credit Agreement confirms that this loan obligation is being incurred in the interest of my marriage or family. No provision of any marital property agreement (pre -marital agreement), unilateral statement under Section 766.59 or court decree under Section 766.70 adversely affects the interest of the Lender unless the Lender, prior to the time that the loan is approved, is fumished with a copy of the agreement, statement, or decree or has actual knowledge of the adverse provision when the obligation to the Lender is incurred. If the loan for which I am applying is granted, my spouse will also receive notification that credit has been extended to me. N. BORROWER'S CERTIFICATION: I declare under penalty of perjury under the laws of the United States of America that the following is true and correct. I certify that all information I provided to you in connection with this loan, including without iw0276892.5) C1.05-06.CLCO.1 USC.0105 4 of 4 limitation, the information contained in this Credit Agreement is true, complete and correct to the best of my knowledge and belief and is made in good faith. I understand that I am responsible for repaying immediately any funds that I receive which are not to be used or are not used for educational expenses related to attendance at the School for the academic period stated. I certify that I am not now in default on a Federal Perkins Loan, a Federal Stafford Loan, a Federally Insured Student Loan, a Federal Supplemental Loan for Students (SLS), a Federal PLUS Loan_ an Income Contingent Loan, a Federal Consolidation Loan, a Federal Ford Direct Loan, or any other education loan received tor attendance at any school. 0. STATE -SPECIFIC COSIGNER NOTICES: For the purposes of the following notices only, the words "you' and 'your" refer to the Cosigner, where applicable, not to the lender. FOR OBLIGORS COSIGNING IN IOWA, NEW YORK AND SOUTH CAROLINA: NOTICE: You agree to pay the debt identified below although you may not personally receive any property, goods, services, or money. You may be sued for payment although the person who receives the property, goods, services, or money is able to pay. You should know that the Total of Payments listed below does not include finance charges resulting from delinquency, late charges, repossession or foreclosure costs, court costs or attorney's fees, or other charges that may be stated in this Credit Agreement or contract. You will also have to pay some or all of these costs and charges if this Credit Agreement or contract, the payment of which you are guaranteeing requires the borrower to pay such costs and charges. This notice is not the Credit Agreement or contract that obligates you to pay the debt. Read the Credit Agreement or contract for the exact terms of your obligation. IDENTIFICATION OF DEBT (S) YOU MAY HAVE TO PAY Name of Debtor: The Borrower and Cosigner identified on the first page of this Credit Agreement. Name of Creditor: Citizens Bank of Rhode Island, and its successors and assigns. Date: If the loan is disbursed by check, the date of the check. If the loan is disbursed electronically, the date the creditor transmits the funds to the School. Kind of Debt: Education loan. Total of Payments: The Loan Amount Requested set forth on the first page of this Credit Agreement (to the extent advanced), plus interest and the Loan Origination Fee set forth in this Credit Agreement. FOR OBLIGORS COSIGNING IN VERMONT: NOTICE TO COSIGNER YOUR SIGNATURE ON THIS CREDIT AGREEMENT MEANS THAT YOU ARE EQUALLY LIABLE FOR REPAYMENT OF THIS LOAN. IF THE BORROWER DOES NOT PAY, THE LENDER HAS A LEGAL RIGHT TO COLLECT FROM YOU. FOR OBLIGORS COSIGNING IN WEST VIRGINIA: NOTICE TO COSIGNER You are being asked to guarantee this debt. Think carefully before you do. If the borrower doesn't pay the debt, you will have to. Be sure you can afford to pay it if you have to, and that you want to accept this responsibility. You may have to pay up to the full amount of the debt if the borrower does not pay. You may also have to pay late fees or collection costs, which increase this amount. The creditor can collect this debt from you without first trying to collect from the borrower. The creditor can use the same collection methods against you that can be used against the borrower, such as suing you, garnishing your wages, etc. If this debt is ever in default, that fact may become a part of your credit record. This notice is not the contract that makes you liable for the debt. two276892.51C1.05-06.CLC0.105C.0105 5 of 4 FEDERAL;AND CAUFOR lA COSiGi4ER OT10ESH For the purposes of these Notices, the words "you" and "your" refer to the Cosigner; not the Lender. NOTICE TO COSIGNER (Traduccion en Ingles Se Requiere Por La Lem You are being asked to guarantee this debt. Think carefully before you do. If the borrower doesn't pay the debt, you will have to. Be sure you can afford to pay ifyou have to, and that you want to accept this responsibility. " You may have to pay up to the full amount of the debt if the borrower does not pay. You may also have to pay late fees or collection costs, which increase this amount. The holder of the loan can collect this debt from you without first trying to collect from the borrower. The holder of the loan can use the same collection methods against you that can be used against the borrower, such as suing you, garnishing your wages, etc. If this debt is ever in default. that fact may become part of your credit record. This notice is not the contract that makes you liable for the debt. AVISO PARA EL FIADOR (Spanish Translation Required by Law): Se le esta pidiendo que garantice esta deuda. Pienselo con cuidado antes de ponerse de acuerdo. Si la persona que ha pedido este prestamo no papa la deuda, usted tendra que pagarla. Este seguro de que usted podra pagar si sea obligado a pagarla y de que usted desea aceptar la responsabilidad. Si la persona que ha pedido el prestamo no paga la deuda, es posible que usted tenga que pagar la suma total de la deuda, mas los cargos por tardarse en el pago o el costo de cobranza, lo cual aumenta el total de esta suma. El acreedor (financiero) puede cobrarle a usted sin, primeramente, tratar de cobrarle al deudor. Los mismos metodos de cobranza que pueden usarse contra el deudor. podran usarse contra usted. tales como presentar una demanda en torte, guitar parte de su sueldo, etc. Si alguna vez no se cumpla con la obligation de pagar esta deuda, se puede incluir esa information en la historia de credito de usted. Este aviso no es el contrato mismo en que se le echa a usted la responsibilidad de la deuda. { WO27r 592.51 CL05-06. CLCD. 10SC.0105.FD $ 3,291.37 03075244 Loan No. NOTE DISCLOSURE STATEMENT Borrower(s) BASIC SEAD Student: . Date: BASIC SEAD 4101 F BEECHWOOD LANE HARRISBURG, PA 17112 DAVID BECIROVIC BASIC SEAD August 26, 2005 Lender Name and Address: CITIZENS BANK OF RHODE ISLAND ONE CITIZENS PLAZA PROVIDENCE, RI 02903 This disclosure statement relates to one or more advances on your Loan Note disbursed on August 26, 2005 Because your Loan is either being disbursed in whole or in part, or is entering repayment, or the repayment teens are being modified, the following information about your Loan is being given to you. ANNUAL PERCENTAGE RATE The cosi of your credit us o yearly rate. 6.121 % FINANCE CHARGE The dollar amount the credit •will cast you. $ 2,808.40 Amount Financed The amoant of credit provided to yoo or on your behalf. $ 3.242.00 Total of Payments The amount you will have paid atter you hove made all payments scheduled. 5 6,050.40 Your payment schedule will be: Number of Payments Amount of Payments* When Payments are due 240 S 25.21 On the 1st day of each month beginning on 12/2006 VARIABLE RATE: The Annual Percentage Rate, which is based on an index plus a margin, may increase during the term of the loan if the index rate increases. The index is (check one): D Prime Rate index Adjusted Monthly - The highest U.S. bank prime rate published in the "Money Rates' section of The Wall Street Journal on the last business day of each calendar month. • Prime Rate Index Adjusted Quarterly - The highest U.S. bank prime rate published in the "Money Rates" section of The Wall Street Journal on the last business day of each calendar quarter (if the Lender identified above is Citibank ( New York State ), the index will be the highest U.S. Bank prime rate published in the "Money Rates" section of The Wall Street Journal on the date which is 30 days prior to the first day of each quarter), El LIBOR Index Adjusted Quarterly - The average of the one-month London Interbank Offered Rates published in the "Money Rates" section of The Wall Street Jouma( on the first business day of each of the three (3) calendar months immediately preceding the first day of each calendar quarter. Any increase in the index and the Annual Percentage Rate which occurs while principal payments arc deferred will increase the amount of any current and all future payments. Any increase in the Index and the Annual Percentage Rate which occurs while principal and interest payments are deferred will increase the amount of all future payments. Any increase in the index and the Annual Percentage Rate which occurs after you have begun to make principal and interest payments on your loan will increase the amount of your future principal and interest payments beginning with your next annual payment adjustment date. For example, assume you obtain a loan in your junior year, in the amount of 510,000 at an interest rate of 11%, and you defer principal and interest payments until after your graduation, and the repayment term of the loan is 20 ycars. If the interest rate increased to 12% on January 1st of your senior year, the interest which accrues while principal end interest payments are deferred will increase by 575.11, and your monthly principal and interest payments would increase by 59.05. SECURITY: You have given a security interest in all refunds or amounts owed to you at any time by the student's educational institution. Collateral securing other loans with the Lender may also secure this Loan. LATE CHARGES: If a payment is more than 15 days late, you may be charged 55.00 or 5% of the payment, whichever is less. If you default, Lender (or subsequent holder of your Loan Note) may increase the margin used to compute the Annual Percentage Rate by two percentage points (2%). PREPAYMENT: If you pay off early, you will not have to pay a penalty. See your contract documents for any additional information about non-payment, default, any required repayment in full before the scheduled date, any security interest, and prepayment refunds and penalties. Estimates: Alt numerical disclosures except the late payment disclosure are estimates. Principal Amount of Note (Amount Financed plus Prepaid Finance Charge) 3,291.37 Itemization of Amount Financed Amount paid to ACADEMY OF MEDICAL ARTS & BUS and 5 Amount paid to BASIC SEAD S 3,242.00 Total Amount Financed S 3,242.00 Itemization of Prepaid Finance Charge Origination or Guarantee Fee 5 49.37 Other Fees Paid (see yours contract) S Total Prepaid Finance Charge(s) S 49.37 *tryout Loan is disbursed in multiple advances, the monthly payment amount disclosed in the payment schedule reflects only that monthly payment necessary to repay this advance. The actual total monthly payment on your Loaa will be based on the sum ofall advances under your Loan Note and will be disctosed to you before your roan enters repayment, Your minimum total monthly payment will be at least 525.00 each month or the entire loan harmer whichever is less. TRAR Ell PTP 141 CISCDP Teri Undergraduate Loan File Copy 5 3,291.37 03078244A Loan No. Ill -VD -17 NOTE DISCLOSURE STATEMENT Borrower(s) BASIC SEAD Student: Date: BASIC SEAD 4101 F BEECH WOOD LANE HARRISBURG , PA 17112 DAVID BEC(ROVIC BASIC SEAD December 2, 2005 Lender Name and Address: CITIZENS BANK OF RHODE ISLAND ONE CITIZENS PLAZA PROVIDENCE, RI 02903 This disclosure statement relates to one or more advances on your Loan Note disbursed on December 2, 2005 Because your Loan is either being disbursed in whole or in part, or is entering repayment, or the repayment terms aro being modified, the following information about your Loan is being given to you. ANNUAL PERCENTAGE RATE The cost of your credit as a yearly rate. 6.628 % FINANCE CHARGE The dollar amount the coedit will cost you. 5 2,983.60 Amount Financed The amount ofcredit provided to you or on your behalf. $ 3,242.00 Total of Payments The amount you wilt have paid after you bave crude all payment scheduled. 5 6.225.60 Your payment schedule will be: Number of Payments Amount of Payments' When Payments are due 240 S 25.94 On the 1 st day of each month beginning on 12/2006 VARIABLE RATE: The Annual Percentage Rate, which is based on an index plus a margin, may increase during the term of the loan if the index rate increases. The index is (check one): 0 Prime Rate index Adjusted Monthly - The highest U.S. bank prime rate published in the "Money Rates" section of The Wall Street Journal on the last business day of each calendar month. Prime Rate Index Adjusted Quarterly - The highest U.S. bank prime rate published in the "Money Rates' section of The Wall Street Journal on the last business day of each calendar quarter (if the Lender identified above is Citibank ( New York State ), the index will be the highest U.S. Bank prime rate published in the "Money Rates" section of The Wall Street Journal an the date which is 30 days prior to the first day of each quarter). aal LiBOR index Adjusted Quarterly - The average of the one-month London Interbank Offered Rates published in the "Money Rates" section of The Wall Street Journal on the first business day of each of the three (3) calendar months immediately preceding the first day of each calendar quarter. Any increase in the index and the Annual Percentage Rate which occurs while principal payments are deferred will increase the amount of any current and all future payments. Any increase in the Index and the Annual Percentage Rate which occurs while principal end interest payments are deferred will increase the amount of all future payments. Any increase in the index and the Annual Percentage Rate which occurs after you have begun to make principal and interest payments on your loan will increase the amount of your future principal end interest payments beginning with your next annual payment adjustment date. For example, assume you obtain a loan in your junior year, in the amount of $10,000 at an interest rate of 11%, and you defer principal and interest payments until after your graduation, and the repayment term of the loan is 20 years. If the interest rate increased to 12% on January 1st of your senior year, the interest which accrues while principal and interest payments are deferred will increase by 575.1 I, and your monthly principal and interest payments would increase by 59.05. . SECURITY: You have given a security interest in all refunds or amounts owed to you at any time by the student's educational institution. Collateral securing other loans with the Lender may also secure this Loan, LATE CHARGES: If a payment is more than 15 days late, you may be charged 55.00 or 5% of the payment, whichever it less. If you default, Lender (or subsequent holder of your Loan Note) may increase the margin used to compute the Annual Percentage Rate by two percentage points (2%). PREPAYMENT: if you pay off early, you will not have to pay a penalty. Sec your contract documents for any additional information about non-payment, default, any required repayment in full before the scheduled date, any security interest, and prepayment refunds and penalties. Lssimat g: All numerical disclosures except the late payment disclosure are estimates. Principal Amount of Note (Amount Financed plus Prepaid Finance Charge) S 3,291.37 Itemization of Amount Financed Amount paid to ACADEMY OF MEDICAL ARTS & BUS and 5 Amount paid to BASIC SIIAD S 3,242.00 Total Amount Financed S 3,242.00 Itemization of Prepaid Finance Charge Origination or Guarantee Fee S 49.37 Other Fees Paid (see yours contract) S Tatar Prepaid Finance Ciwrge(s) S 49.37 *If your Loan B disbursed in multiple advances, the monthly payment amount disclosed in the payment schedule reflects only that monthly payment necessary to repay this advance. The newel total monthly payment on your Loan will be basad on the sum of alt advances under your Loan Note and will be disclosed to you before your Loan enters repayment. Your minimum total monthly payment will be at least S2S.00 each month or the entire loan balance whichever is less. TRAK PI)gill sx CISCDP Teri Undergraduate Loan File Copy F Loan , ..._ Payment History Report Date: 2013-02-20 Account Number: . , , ..001-001000 Social Security Number: Product: SFU DIRECT TO SCHOOL UNDERGRAD Name: BECIROVIC, DAVID Officer Code: 777061 Birth Date: 1957-05-11 School: Address 1: 11 RICHLAND LN APT 107 Program Year: Address 2: City: CAMP HILL Variable Rate Code: FU LIBOR 'State: PA Interest Rate:. 3.16% Zip Code: 1 701 1-2498 Last Payment Date: 2010-02-19 Last Payment Amount: $274.13 Payment .Due Date: 2011-01-08 Contract Date: Last Interest Dale: 2013-02-20 Date Assigned: 2013-02-12 Accrued Interest: $450.41 Charge Off Date: 2011-02-01 Recovered Interest: $0.00 Charge Off Amount: $6,876.30 Net Interest: $450.41 Recovered Principle: $0.00 Associated Costs: $0.00 Net Charge Off: $6,876.30 Recovered Costs: $0.00 Disbursement Dale: 2005-08-26 Net Costs: $0.00 Disbursement Amount: $6,582.74 Transaction History System 2011-02-28 00:01 82 $6,876.30 @ 3.210 / 02/01/2011 - 02/28/2011 $16.33 System 2011-03-01 00:01 82 $6,876.30 @ 3.210 / 02/28/2011 - 03/Q1/2011 $0.60 System 2011-03-31 00:01 82 $6876.30 @ 3.210 / 03/01/2011 - 03/31/2011 $18.14 System 2011-04-01 00:01 82 $6,876.30 @ 3.210 / 03/31/2011 - 04/01/2011 $0.60 System 2011-04-30 00:01 82 $6.876.30 P 3.210 / 04/01/2011 - 04/30/2011 $17.54 System 2011-05-02 00:01 82 $6,876.30 @ 3.210 / 04/30/2011 - 05/02/2011 $1.21 System 2011-05-31 00:01 82 $6,876.30 @ 3.210 / 05/02/2011 - 05/31/2011 $17.54 System 2011-06-01 00:01 82 $6,876.30 @ 3.210 / 05/31/2011 - 06/01/2011 $0.60 System 2011-06-30 00:01 82 $6.876.30 p 3.210 / 06/01/2011 - 06/30/2011 $17.54 System 2011-07-01 00:01 82 $6,876.30 @ 3.210 / 06/30/2011 - 07/01/2011 $0.60 System 2011-07-31 00:01 82 $6.876.30 @ 3.160 / 07/01/2011 - 07/31/2011 $17.86 System 2011-08-01 00:01 82 $6.876.30 (cry 3,160 / 07/31/2011 - 08/01/2011 $0.60 System 2011-08-31 00:01 82 $6,876.30 @ 3.160 / 08/01/2011 - 08/31/2011 $17.86 System 2011-09-01 00:01 82 $6.876.30 @ 3.160 / 08/31/2011 - 09/01/2011 $0.60 System 2011-09-30 00:01 82 $6,876.30 @ 3.160 / 09/01/2011 - 09/30/2011 $17.26 System 2011-10-03 00:01 82 $6.876.30 @ 3.160 / 09/30/2011 - 10/03/2011 $1.79 System 2011-10-31 00:01 82 $6,876.30 @ 3.150 / 10/03/2011 - 10/31/2011 $16.62 System 2011-11-01 00:01 82 $6,876.30 @ 3.150 / 10/31/2011 - 11/01/2011 $0.59 System 2011'11`30 00:01 82 $6`876.3003.150/11/01/2011 11/30/2011 17.21 System 2011-12-01 00:01 82 $6.876.30@3.150/11/30/2011 12/01/2011 $0.59 $17.80 System 2011-12-31 00:01 82 $6.876.30p3.150/12/01/2011'12/31/2011 System 2012'01'03 00:01 82 $6.876J0© 3.200/12/81/2011 - 01/03/2012 $1.80 System 2012'01'31 2012'02'01 00:01 00:01 82 82 $6.876.300 3.200/01/03/2012' 01/31/2012 $6.876.30 @ 3.200 / 01/31/2012 - 02/01/2012 316.83 $0.00 System System 2012-02-29 00:01 82 $5.876.3003.200/02/01/2012' 02/29/2012 $16.83 System 2012-03-01 00:01 82 $6,876.30@ D.200/D2/29/2O12' 03/01/2012 $0.60 System 2012'03'31 00:01 82 $8.876.30@3.200/03/01/2012 03/31/2012 $18.04 System 2012'04'02 00:01 82 $6.876.30 @ 3.20O/03/31/2012 04/02/2012 $1.20 System 2012-04-30 00:01 82 $0,876.30@3.220/04/02/2012' 04/30/2012 $16.94 System 2012-05-02 00:01 82 $6.876.300 3.220/O4/3O/2012 05/02/2012 $1.21 System 2012'05'31 00:01 82 $6.876.30@ 3.220/O5/02/2O12' 05/31/2012 $17.54 System 2012-06 -01 00:01 82 $6.876.30p3.220/05/31/2012' 06/01/2012 $0.60 System 2012'00'30 00:01 82 $6.876.30@3.220/00/01/2012' 08/30/2012 $17.54 System 2012-07-01 00:01 82 $6.87630p3.220/06y30/2012 07/01/2012 $0.00 System 2012'07'02 00:01 82 $0.875.30@ 3.190/O7/O1/2012' 07/02/2012 $0.00 System 2012'07'31 00:01 82 $6.876.30 0 3.19D/O7/O2/2D12' 07/31/2012 $17.38 System 2012'08'01 00:01 82 $6,870.30@ 3.19O/O7/31/2012 08/01/2012 $0.60 System 2012'08'31 00:01 82 $6`876.30 @ 3.19O/OD/O1/2O12' 08/31/2012 $17.98 System 2012'09'04 00:01 82 $6`876.30p3.190/08/31/2012 09/04/2012 $2.40 System 201209'30 00:01 82 $6.876.30 @ 3.190 / 09/04/2012 09/80/2012 $15.58 System 2012-10-01 00:01 82 $6.875.3003.190/09/30/2012 10/01/2012 $0.00 System 2012'10'31 00:01 82 $6`876.30@3.190/ 10/01/2012 - 10/31/2012 $17.98 System 2012'11'09 00:01 82 $6.876.30@ 3.190 / 10/31/2012 - 11/09/2012 $5.39 System 2012'12'09 00:01 82 $8.O70.80@ 3.190 / 11/09/2012 12/03/2012 $14.38 System 2012'12'31 00:01 82 $6.876.30p3.190/12/03/2012 12/31/2012 $16.78 System 2013'01-03 00:01 82 $6,876.30 @ 3.190 / 12/31/2012 01/03/2013 $1.80 System 2013'01'31 00:01 82 $6.876.30p3.160/01/03/2013 01/31/2013 $1687 System 2013'02-01 00:01 82 $6.876.30p 3.160 / 01/31/2013 02/01/2013 $0.60 System 2013'02-04 00:01 82 $6,876.30 @ 3.1O0/02/D1/2U13 02/04/2013 $1.79 System 2013'02'12 00:01 82 $6.876.30 @ 3.160/02Y84/2013'02/12/2013 $4.76 System 2013'02'20 00:01 82 $6,876.30p 3.1O0/O2/12/2O13 02/20Y2013 $4.76 POOL SUPPLEMENT CITIZENS BANK OF RHODE ISLAND This Pool Supplement ("Supplement") is entered into pursuant to and forms a part of that certain Note Purchase Agreement (the "Agreement") dated as of April 30, 2004, by and between The First Marblehead Corporation ("FMC") and Citizens Bank of Rhode Island. This Supplement is dated as of March 9, 2006. Capitalized terms used in this Supplement without definitions have the meaning set forth in the Agreement. Article 1: Purchase and Sale. In consideration ofthe Minimum Purchase Price, Program Lender hereby transfers, sells, sets over and assigns to The National Collegiate Funding LLC (the "Depositor"), upon the teiiiis and conditions set forth in the Agreement (which are incorporated herein by reference with the same force and effect as if set forth in full herein), each Loan described M. the attached Schedule 2 (the "Transferred Citizens Bank Alternative Loans") along with all of Program Lender's rights under the Guaranty Agreement relating to the Transferred Citizens Bank Alternative Loans. The Depositor will in turn sell the Transferred Citizens Bank Alternative Loan.s to The National Collegiate Student Loan Trust 2006-1 (the "Trust"). Program Lender hereby transfers and delivers to the Purchaser Trust each Note evidencing such Citizens Bank Alternative Conforming Loan and all Origination Records relating thereto, in accordance with the terms of the Agreement. Purchaser Trust hereby purchases said Citizens Bank Alternative Notes on said terms and conditions. Article 2: Price. The amount paid pursuant to this Supplement is the Minimum Purchase Price, as that :term is defined in Section 2.04 of the Aueement. Article 3: Representations and Warranties. 3.01. By Program Lender. Program Lender repeats the representations and warranties contained in Section 5.02 of the Agreement for the benefit of the Depositor and the Trust and confirms the same are true and correct as of the date hereof with respect to the. Agreement and to this Supplement. 3.02. 13v the Depositor. The Depositor hereby represents and warrants to the Program Lender that at the date of execution and delivery of this Supplement by the Depositor: (a) The Depositor is duly organized and validly existing as a limited liability company under the laws of the State of Delaware with the due power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and has, the power, authority and legal right to acquire and own, the Transferred Citizens Bank Alternative Loans. 1 SSL-DOCS2 70277548v2 (b) The Depositor is duly qualified to do business and has obtained all necessary licenses and approvals, in all jurisdictions in which the ownership or lease of property or the conduct of its business shall require such qualifications. (c) The Depositor has the power and authority to execute and deliver this Pool Supplement and to carry out its respective terms; the Depositor has the power and authority to purchase the Transferred Citizens Bank Alternative Loans and rights relating thereto as provided herein from the Program Lender and the Depositor has duly authorized such purchase from the Prom -am Lender by all necessary action; and the, execution, delivery and performance of this Pool Supplement has been duly authorized by the Depositor by all necessary action on the part of the Depositor. (d) This Pool Supplement, together with the Agreement of which this Supplement forms a part, constitutes a legal, valid and binding obligation of the Depositor, enforceable in accordance with its terms. (e) The consummation of the transactions contemplated by the Agreement and this Supplement and the fulfillment of the terms hereof do not conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time) a default under, the governing instruments of the Depositor or any indenture, agreement or other instnunent to which the Depositor is a party or by which it is bound; or result in the creation or imposition of any lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument; or violate any law or any order, rule or regulation applicable to the Depositor of any court or of any federal or state regulatory body; administrative agency or other governmental instrumentality having jurisdiction over the Depositor or its properties. (f) There are no proceedings or investigations pending, or threatened, before any court, regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Depositor or its properties: (1) asserting the invalidity of the Agreement or this Pool Supplement, (2) seeking to prevent the consummation of any of the transactions contemplated by the Agreement or this Pool Supplement, or (3) seeking any determination or ruling that is likely to materially or adversely affect the performance by the Depositor of its obligations under, or the validity or enforceability of the Agreement or this Pool Supplement. Article 4: Cross Receipt. Program Lender hereby aclmowledges receipt of the Minimum Purchase Price. The Depositor hereby aclmowledges receipt of the Transferred Citizens Bank Alternative Loans included in the Pool. Article 5; _Assignment of Origination, Guaranty and Servicing, Rights. Program Lender hereby assigns and sets over to the Depositor any claims it may now or hereafter have under the Guaranty Agreement, the Origination Agreement, and the Servicing Agreement to the extent the same relate to the Transferred Citizens Bank Alternative Loans described in Schedule 2, other than any right to obtain servicing after the date hereof It is the intent of this provision to vest in the Depositor any claim of Program Lender relating to defects in origination, guaranty, or servicing of the loans purchased hereunder in order to permit the SSL -000S2 70277548v2 Depositor to assert such ciairns directly and obviate any need to make the same claims against Program Lender under this Agreement. SSL-DOCS2 70277548v2 IN WITNESS WHEREOF, the parties have caused this Supplement to be executed as of the date set forth above. THE FIRST MARBLEHEAD CORPORATION By: Name: Jo : A. Hu. - o Title: a • utive ice President CITIZENS BANK OF RHODE ISLAND By: Name: Title: THE NATIONAL COLLEGIATE FUNDING LLC By: GATE Holdings, Inc., Member By: Name- ,,L A..rtipalo Title . ce Pre ident [Signature Page to Pool Supplement] iN WITNESS WHEREOF, the parties have caused this Supplement to be executed as of the date set forth above. THE FIRST MARBLEHEAD CORPORATION By: Npnie: Title: CITIZENS BANK OF RHODE ISLAND Bv: Q t/BVI L Name: Michatid kleFetrimn* Title: THE NATIONAL COLLEGIA 1`E FUNDING LLC By: GATE Holdings; Inc., Member By: Name: Title IN WITNESS 'WHEREOF, the parties have caused this Supplement to be executed as of the date set forth above. THE FIRST MARBLEHEAD CORPORATION By: Name: John A. Hupalo Title: Executive Vice President CITIZENS BANK OF RHODE ISLAND By: Name: Title: THE NATIONAL COLLEGIATE FUNDING LLC By: GATE Holdings, Inc., Member B '01 VA Name: Donald R. Peck Title: Treasurer [Signature Faze to Pool upplement] IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA NATIONAL COLLEGIATE : STUDENT LOAN TRUST 2006-1 : CIVIL ACTION c/o NCO Financial Systems Inc. : Plaintiff : vs. DAVID BECIROVIC Defendant : NO: 2013-C-3431 CERTIFICATE OF SERVICE I, Scott J. Best, Esquire, hereby certify that I caused a true and correct copy of the Plaintiff's Amended Complaint was served via first class United States Mail, postage prepaid on the date set forth below upon the following attorney for Defendants: Daniel Puskar, Esquire 129 S. Pitt St. Carlise, PA 17013 Date: 5(4(iti BY: Ed in A. .rahamien & Associates, P.C. Michael F. Ratchford, Esquire Scott J. Best, Esquire Attorney I.D. Nos.: 86285, 93600 120 N Keyser Avenue Scranton, PA 18504 (570) 558-5510 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVAI■IIA, NATIONAL COLLEGIATE STUDENT LOAN TRUST 2006 -1 : CIVIL ACTION Plaintiff : vs. DAVID BECIROVIC • : NO: 14-1619-CT Defendant : • • • • CERTIFICATE OF SERVICE I, Michael F. Ratchford, Esquire, hereby certify that on April 9, 2014 the below named Defendant received and signed for the certified mail containing the Plaintiff's Notice of Appeal of the District Justice Judgment and Complaint. Daniel Puskar 129 S Pitt St. Carlisle, PA 17013 Edwin A. Abrahamsen & Associates, P.C. ichael F. Ratchford, Es Attorney I.D. No.: 86285 120 N Keyser Avenue Scranton, PA 18504 (570) 558 -5510 ire SENDER: COMPLETE THIS SECTION COMPLETE THIS SECTION ')N DELIVERY • Complete items 1, 2, and 3. Also complete item 4 if Restricted Delivery is desired. • Print your name and address on the reverse so that we can return the card to you. • Attach this card to the back of the maiipiece, or on the front if space permits. ❑ Agent ddressee of Deli e 1. Article Addressed to: �s,.►iC� G GO' ' "A14 rYf RJR - LeAcYlog' - 1A \r?693 -201.6 2. Article Number (Transfer from service label) /W 0000 D. Is delivery address different from item 1? ❑ Yes If YES, enter delivery address below: ❑ No 3. Service Type Ell/Certified Mall ❑ Registered ❑ Insured Mail ❑ Express Mail ❑ Return Receipt for Merchandise ❑ C.O.D. 4. Restricted Delivery? (Extra Fee) ❑ Yes 7012 2210 0000 6100 1490 PS Form 3811, February 2004 Domestic Return Receipt 102595 -02 -M -1540