ALL rights of demand and notice jointly or singly and severally promised to pay the JDF CO-OP CREDIT UNION LTD or order the sum of the amount borrowed and approved under the terms and conditions of said loan and SAME each succeeding, thereafter, the whole sum to be repaid in or within the period set out for the loan from the date, the interest assigned as per its term per month on the reducing balance. As collateral security for this note said borrower has deposited with the said Credit Union the required share equity to qualify for said loan.

In case of any default in payment as herein agreed, unless excused by the Board of Directors, the entire balance of this loan shall become immediately due and payable on demand, and I hereby give the Credit Union full authority to use shares and or other deposits held to reduce or offset my liability. This loan shall become due and payable when the borrower bankrupt or leave Jamaica without giving at least six months? notice or loses his common bond.

Said principal and co-makers jointly and severally promise to pay all fines imposed in accordance with the rules of the Credit Union, for failure to comply with the terms of this loan together with all costs or expenses incurred in the collection of any sum due, also, if the holder hereof after default, shall place this loan in the hands of an attorney-at-law for collections, to pay all costs incurred.

The Credit Union reserves the right to vary the rate of interest payable by the Borrower from time to time by giving to the Borrower, a notice that effect specifying the new rate of interest and the date from which interest at such rate shall be payable

By requesting a moratorium on my loan(s), I hereby agree that my loan tenure will be increased by said period of the moratorium. I do authorize this transaction and I am aware of my new loan agreement and conditions.