Case 20-22398-MAM Doc 36-1 Filed 12/18/20 Page 120 of 314

J .,
• •7 • ·1-
CREDIT AGREEMENT

Rofcrandoi: In tho shaded aroa nro' for

our USO only
and do not lfmi:t,'tf,e appfioabllily of this documorit to any portlcularloan or Item,
Any Jte1T1_above containing.,..,.,,, hos bo_!i_ri_0mittod duo lo to),1 loiigtf-rlimitatiom;, ____ _
Borrower; l.aorencc Sc:hnoldcr Lerider: Bonk of Co{ol .Gobles
1721 N~ 198 Terroceh- lending -Oivkik,ti
Miomi, FL 33179 9!j I\Jliltilck Way
Suffo,'108
Coro! Gables, fl 33134 -
(305) 500-9601

CREDIT LIMIT: $1,500,000.00 DAfE OF AGREEMENT: July 28_, 2006'

fot,oduction; This Crodlt.Aorcemont ("Agreement ) governs your line p( credit {tt,.a "Credit Line:'-' or -the ''Credit I.inn Account"! issuod through
11

Bank of Corn! Gobles. In 1h15 Agreement, the words "Borrower," ·"you;~ •your;" and "Applicant"' rneeil each and every person whp signs this
Agreement, including all Borrowers named abovo. The words "we," ''us,'' ''our/ ond "Londor" moan Bank of Coral Gables, You_agree the to ~

!
following tarms and conditions; 1 · -
Promise to Pay. You promise to poy Bank of Coral Gobles, or order, tho_total of allcredit advances and 'FINAf,tCE CHARGES, together wlti1 ell
or
co.:m, ond, expe_nses tor which you ~re responsiblo under 1hls /\greemei1_f midor tho "Moi:(gago" w!ilch zocures your Credit Uno, _You Will poy
your Credit,!__ine eocordil)g to the paymen~ terms set forth bo(ow; If; tlJero is more 1han o~o. IJorro\Ver_, eat;h is joinJly ,u1d severally liable on 11lls
Agroemont. Thls means wo can roqulro any Borrower to pay nl( amounts due under thrs;Agree:rnent, Including cradfl advances 1nade to ,my
Borrower. Each Borrower authorizes any oilier BoTtower, on his or her signature atone, tci t:rincef 1he CuJ'dit Llnn, to rnquest nod receive criltii!
I
f
(
advances, am/10 do all otherth!ng:; necessary to carry outthe'terins ·of~his _Agr!lc111en1. W~ can rcloaso any_Botro;ver,from mponsJhi!ity un~er ?
1
this Ameemcnt, and the others Will remain responsible, :

Tetm. Tho t,orm of your Credit Llne Will b,ogin as. of the _dare of th,is Agreement (0QJ?e'nJog Dilto"I and. wm
continua until ,July 28, 20l6
("Maturity Date"). All indo_ btodncss under this Agreement, If not alre11dy palct pursuant to tlili payment provisions be!ow, will l:!e duo rmd
payoble upon maturity. The draw period of your Credit Line wlll beg[n on a date, af1anhe Opening,Date, When 1h11 Aoreemen, is accepted by us
in the State, of Florida, fo!low1ng ;he expiration of 1he right to e11116al, the perfection of 1h1:t Mortgage, the receipt of all required corilfli:ates -of
nonoancetlation, and tho mooting of all of our athcr conditions '. llOd vvm :continue as {allows: term of the loon. You may o!noln crodlt ndvancos
during this period ("brnw Poriod"),. You agree that we may renew or ex\end 01he period during whfcli you- may obtafn credit advances or make
,payments: You-•rurthcr agrec.1hat we may renew or extend your CroditLiniiAccount: - : - - - - - · -
-Minimum Paymen_t. - YQur "Regular p~yment" will equal 1~e am~unt; of y~ur ac;prue({ flNANCE CHARGE!;. You will make 1i-9 of th(lse
_payments. You will thon bo roquirod fa pay the_ontire boleni:e.owlno In e s.inafa balloon paymc-nt. £! you '. m13J<e .o{lly Vie minimum payl'.llcnls, ypu
miiy no1 repriy any cif the_,principal be Janco by the -end of this paytjlentstream, Your-payn:ienl( Will be dlie monthly. Your KM!niroum Payri1ent''
wlfl b_a the Reaular Pay,neni 1 plus any amount due and lill other charghs; 1 An lncreaso iii the ANNUAL. Pf:'llCENTAGE.RATE may
Jnoreg1,e ihil
Jimount of your Ra!!ular F'aymont. You agreo to pay not less il,:~11 thq t.linfinutti Paymeo!lcio 0( before 1h11 duo date indicated on your Pcricidic
h1Uin11 .statement. !
aalloon.P.ilymerit, Your Credit Line .Ae®!lnt is payable.In 1411 upon fljiltvrity-ln !I i;ingla b~lloon paymei}_ t, Yoµmu~t.pay 1h11 enllro outstanding
PdncJpal, Imi;rest and any othpf cnzruos then due,_ Vnless ~lhorwise required by i!ppUenbfe ta....,, WI,\, nfe under no l-1?ligatlon to rdln~riceJIJe
l:i.i!loon payment ot that tlmc, Yov may be_ rcquTred to m,ike _payme11ts out of 1;1ther ;;ssets .youqwn or find a tender,, w!iich may be oi;! 11.lill109 to
leQd-you·tJw money. -If you refinance 1he balloon, you may hnvo-1o pay some or alt of the clos1ng easts normally 1,1s:;01;Jatei:l wlth a IJOW !iedit
line eccount, oven if you obfain refin;incing .from us. • ·
How Ynur Payments Aro Applied, LJn!oss . othorwisa ngro~d Qr required by .nppflooblo 'law, pnyments and ot!Jar credits Will be appUed lo
Payments will bo applied 111 tho folloWiQO Prdcrdnterost, Prfnofpiil, Lato Feo1< &,; CqJfoctfon Coi;;ts·,_ - · '·
Receipt of Poyments. All,,pay~ents must bo tnado by fl chock, l\Ut.o,rn~tli:. ll<;.<;Ol!rit tfo,blJ, l:ihu::trooic funils 1ri!risfor, tn!llleY orikr, or_o(h:or
instr9mont'fnU,s. doll!lfS10l)Q, mu~rtm r:cccivedby us ot the ramittarw11; addrei!s shown oriy~11r ppdodlo-bifling:5toten,ont, Payrriof!ll1 roc,olv11~
,a t 1hllt addres11 prior tQ'2:o_o p;m, -Eastern $tandard Time art nny business day Wi!lbe credited tp your. Credit Uno as_of'tlla dillo rcciJN~d. If 1(-!e
receivo pa_yment:3 1'.ll otho't locolloiw, such payments will be crndlt1Jd prompity 10 y<1lf( Crddlt Uno; but ccediiing may bQdelayed (or up to five :{6)
days nrtorrecelpt. • -_ __ _ __ _ _ \: . _ __ _: _ _ _ ·
Credit limit, Jhis Agrcoment oovars n revolving lfnc of crod[t for: _ the_pilno!pnl l.lfTIOUnt of 06e Million Fivo_Hundred Thousand & QO/H)O Oo!Jar,_
($1,600,000,00l, which wlfl be your •credit Limit" under tl\ls Agreernent, Outing thei Qm\v Per(ol/ we will honot your request fot credit
ac/-.wnc-es subjed to the sl,lction below on !.ender's fli9hls • .You.may borrow egafn~t tho .Criidit Lino_, repay ooy portion of the emountborrowcd,
aodfo-borrow Up to the amountof the Credl1Lim!t, -Y-our;.~redit-1:lmit ls ,tho maximum am\)!.lntYoll may haytJ outst1Jr,din0 at ony ono limo, Y1JU
agree not to a!leropt, roquost, or ob(oin a credit advance that wl!I roako:your Cmdittino A-aoount balance oxoood your Credit Umlt.,. Your Credit
Um,it wi.11 not he lncreoscd shoµ!d you ovordrow you,r Credit lino l)ec;ount. If you ei:cUQQ your Crr11:J!t Llrrih:, yo':' :a_gree to ropey lmrrw.d!nfoly ihn
amount by wtiioh xour CrodliUnc Account exceeds your Crod!t Umit,_oyon ifwii. have not Yf!t bllled you. Any credit udvances In excess of your
Credit Umit will not be secured by the M(}rtgaga coverlno your pr[ncip;il ~wellfr1g:, ,
Charges to YQlir Credit lino. Wo may charge your Credit line to pay othor fees and oost;i that you ore obligated to pay under this Agrcemcrtr,
!ho Mortgogil or DOY othcr.doot.imeot roJntcd lo your Crodlt Line, In ndd_itlon, we -may chn'rge your Credit Una for /undi: roquirod for cor\tlnuln!i
Insurance coverage iis desci:ibocl ln the paragraph tlilod "lni;uroni:e" balqw ot ns dosedbild [n the Mor!gog() for tWs transacl!On, Wo mny al~o, .it
-0ur option, cheign your Credit Lll')o 10 pay any costs or oxponses to ,prQtect iir pntfei:t our ·s e.clfrlty lntorest in your prlnclpal dwelling. tlias~-
co::ts of pl!ponses incftJdo, wlthouUlmitotlon, payments to cure do{ou!ts' under a_n',' oxh;tlng Unns on yqur prlnclpnl dwelllryg, If you do i,ot pny
yoirr property l«Xfls, wo may charge your Credit,Lino -artd pay tlie delinquent tflXesi Any amount sq charoed Io your Credi_ ! Llnu WIii b_o ll orodlt
advanco ilfid Will dacroaso ·1ha flinds ovallabte, if any, undt1r the Crodft line; Ho\vever.' ,!te. '10111,1 nci obligation to provide any of.tho credit
udi/cncl/s referred toJn this paragrilph. - ·- . . ;' - - - -
Credit Advances. After 1hc Effective Pisbursernent Daie of this Agrecrnent1 you may o.btalfl credit a(!vol\oµs Under your Credit lino as follows :
Credit i:lnc Chocko. Writing a prciprintod "l-lomoEqulty Lino er Crlldlt_Chock'' 1hafWo i,jtl t;llpplV' to you,
flQsts By Mali. Requesting an advance l:>y mail.
-1Rcquests in Pcrnon, -r-ioq~i~!l\ing
-~ ~ O ere-dit ad-vnncc in pernon ~t any of our auttwritcd !ooal!ons.
z;te~(Request, Advonoc roquosls oan also be sent vi~ fox. ;
1

Exhibit "1"
 Case 20-22398-MAM Doc 36-1 Filed 12/18/20 Page 121 of 314

CREDIT AhREEMENT
loan·'No: (Con~lnued) Page 2·
: . t
If there is more than one person authorized to Usa !!)is Crndit line Account, you llgroi;, noHo glvo us conllioting ihsituclfons, such as one
Borrower tolling us not to give navancor. to !ho other. ! ri :
l{mitnt1ons r,,n tho Usaof Checks. Wo reserve the right n,;t to hoMr HJmc Equiw line Qf!3rodlt Checks In tho followlng cl,C'Umslancos:
Credit tlmlt Vlolallon. Your Credit Limit has bucn or Wtiuld ba nxc~edcd b}• PllY!ng th~ Horno !:quity Llnll o( CredltClwck,
Post-dated Checks. Your Homo !:quity Line Pf Ctadit Chncl: Is poi:t-d11tad. If a post•datc4 Home Equity Line o( credit Ch11cl: is p;:,ld and as
a resvlt aqy othor chock is roturrmd w t1Q( paid, wo are not rosponplblo,
Stol~n Cl1oclor. Your 1-lomo Equity Una of Credit Checlq, have boon roportod losi or sjolon,
Unauthcrit>ld Signnturos. Your Homo Equity Liflo of Crodit. C/mck i~ not signed by so "AutMrh:o.d Slmwrw as defined below,
or
Tomtiriation or SUsponsiQn. Your Credit L.lnc ons boon t<mt1lnated qr slisp!!nded as prov/dotflo this Agroomont ;:;ould M !f .yo Pllid tho
Homo Equity I.inc or Credi, Check. · •
Trnns11otlon V!olntion,. Your Home Equity Lion of Credit Check Is ·iess than the mlohnurn,11maunt required by 1h!s;l\groemeot or you are In
violation of any pthr.u transaction requirement or would ba If wo pafd tho Homo Equit'/.{lne .ofCtedlt Chl!lok;
~ . . .. . •. ! •
ff wn Pll\f any Home Equity tine of Credit Cheek under thes1: conditions, you must ropay!us,. subject to applir:ehlo faws, for tha a1nount of t~a
Home E1tuity Line Qf Credit Chock, The .Homo Equity Una of Crqdli Chao!; Itself wU,; bo evidence of your debt to ut Jogelher wl\h this
Agreernen\, • Our II ability, If any, for wrongful dishonor of o cheek ln Umlted 10. yovr actual ki1;ma9es, .. Dfshuoor for arw raa,on as provic!ad in thls
Agreement ls not wrom1ful dishonor, We may ehoo!lo not te>. return Home Equity L.ioa• of Credit Checks along wilh your pariodic billing
statements; however,• your use of oach Home Equity Uno of Credit Check wlU bo rofleotod un your porlodie statement• es a c;cdlt advance, We
do not "certify" Home Equity Line of Credit Cheeks drawn Qn yeur Credit Linc.
Trnnsoctlon Requirements.· The followinQ transaction lfmltlltlons will apply to the use: of your Credit Uno:
fleqi.:esi By fV)ail, In· Person ffoquasr, F<iit Request ertd Ctedit'Lioe •Home Equity Llrai. or CrediFCheck ('lmltatlo!ls,. Tho following• transaction
limitations wm upp!y to .your Credit Line and requesting an advanco by mail, roquostfn{! all ed\tance In person, accesi;lng by other methods
and ,he.writing of Homo !2quity Lino of Credit Checks. 1 ·
Minimum Advance Amount, Tho mfnlmum amount of any orodit advanco that oan be made on your Cradit t!mi is $SOQ.OO, This
mea.ns any Honw Equiiy Line of Credit Check mtmt be written for at least ,he mrntmum advam;e ..l!!1ount,
f\ulhoriied Slgrnm;•. The. Words « Autno.rized Signer• on Homo Equlw Um: {Jf Credit Cheak~ as
used In this. Asreernent mc,ltl and ioclude eec.;h
persqnwho (a) signs the application for this Crodit Lino, (b} signs this Agreement, ar le). has executed a separate signature authotlzatfon ca.rd-
for the Credit Lino Accaunt. , : ; •
Lost Horm1 Equlty<Une of credit Checks~ If you lose your Home Eq~l!y I.inc QfCrodit. bf,ecks or If sQmeone ls tJs!nq. tllern without your
permission, ypu agree tP lot us know immedi5toly,. Tl)e f;i:.testway to•oetify us fa by oalllng us ot (305) 500-SJ501. You slso c11n.J1QtlfY us (Jt
Baols ofCotal Gables as rvierrick Way, S11ita jOG, Coral Gabisi., Ft. a:u34. '·
FU!uri; Creditl.µufSerylces, Your applicedon for this Credit llne also s11rws .a:; a ruquosdo rntmivu .iny new services (such as acqesi; deylces/
whlol1 may bn f!vallablo at somo future time as ono of our sarvlcps il'l)oQnnnctlon wit!) thfs Credit. qno, Yov undors.lantl .,hilt this rpquost. ls
voJvotn,y iind triat )'QU ffillY refuso any of ti)csc now services at the dmo Jh!lY arq qffenid, 1Yat1 rurthor IJ(ldtJrst,UJd tlmt th!l terms 11nd O<lflditioi,s
of1his Aorel!ment wJII govern any 1ransactions made. pursuant tc, any ofthaso new sorvlcos,
Coilateral, ·. •You. ackno1Nleo9e this Agreement Is secured py ·.the folfo\vfnp •qollater;if d(;Sit/ibfld In tho. saeurfty .lnstru1JJ.ant lfstad hureln: an
Opep•Ellcl Morroaou (loted ,MY :W, 2006 1 to us on rea! p1opar1yloc1111:Jd lrrPa.lm Beach Cllttoty, $tate Qf Fltn'lda,
10:s.vranee•. Yott must qbtain insurnnea qn the Pr,;perty securing th!l! Aofollmant that fs ri:iaso/1ably sali11f11ctory to us, You may obtain pi;operty
insvranoe t!Jro1-19h any c,:i,npeny of your choice thoi Is r1111sonably setl:,(aetory tQ us, Yt:ai nu.Yo tho option ofprwidjnn any l!lSur11ne11 required
under this .flureoment threuuh an· exii,tlng policy or o. poUcy lnxJepaotfehtJy obtained and p~k.l for by you, ·sUbiaot. to bur tight, Jor raooonabfll
oausa befo,e ereditls.extended, t.o dacl!ne.ony liwuraneo provided byyou,.•.SubJectto 11pp!icableJsw,ifyou foil fQobt~lnorma!nta.ln lqsl.lranoa
as reqvlrod lll tho Mortg.i(le, we may purnhase lnsµranco 10 protoct our qwn lnt.eroi;t, .id.cl the promlurn to your baJimoe,.pursue. any othor
nimodles av1;1ilable to us, ordo any ono pr011)Je of thes111h!ngi,! .k ,
Right. of setoff, To tho extant pormftt11q •by appl!cnble law,• wa resinve a fight of ~ftloff In atlvouri6ocount$ With us< lwliether e~ecklng, se.vings,
orspi.mr other aoco!Jntl, lnclm:llng wilho.ut limitation, 111! accounts you may open In 1fw Mure: However, tbis doe.s .notiooiln!o my !RP, .or !<:!1¢1Ih
accounts, Jr miy .trust aceountsJor which setoff would• bo prohlbltod by jow, Yov a~lharlw us, to the. ,extlln\ porm,lU,otl b,y llflP!icab!µ Jc1vy to
charge or stitoff all sums owing on this Agraernent asalnst any and al! such ,icccunts,.and, at our optlon, to at1m111lstrat1Vely freozo al! such
,o
accounts to allow us protect our charge and sotoffrighti; provided in this paragJaph, · ·
Porlotlio St;itc1t1cn1s. If you haV(l a balllnc;c owing on your Credit Linc /\q.01:umt or 1-iav; any m:count ;ictivity, wo wlrt send you a poriod!c
statement, It wm show. among .other things, credkt1dvanccs, FlNA.NCE CHARGES, 01h11r clwtgas, paymants rn;itJo, .Q(har ~rodas, your
"f'nwlous ·~~Jartco, '' and your "New Balance," Your statement also Will idofltlfy Iha Minimum Payment you must /nll~fl for tfmt bill!ng pcrkid
and tho datolt Is d\le, · . '· ,
• v,Jhen. fl.NANCE CHARGES B119ln .to Aeemc, •Pododic FINAN.CE. CHARGES fot credit ai:!11.-.m:'e~ tmtfor your Ctadltl.ino. W~(btginfo acc,uo onthe
datl! •credi( a.dVtincQs at(l •posted .lo your credit Uno, Thorn Is no "frn,r ndo period'' Which wQ\lld allow yqu to nvolc a FINANCE CHA'flGE on• your
Credltlino.crodit.aclvances, · i I l
Method !Jsod fo Determine :the Bafonce on Which ihe ff!\IANCE CHAf{G~ Wllflfa Compute~} Adally FINANCE CHARG~ WI!! he!mp.os.ed on a!!
credit .i:idvarcos •mudo vnder your Credit UnQ Imposed frprn Ille .davi of eacll ~rad!t advnnclbased on the ''dally ba!anco".mothod, TP get tfw
c!,dly balam:¢, we tak11 th!! b~gittnlno balam:o. Qf jlQUr Credit Una Acnount.onch day, add any; rtew advances encl subtract any payrnimts or credits
and anyunpaftl F!Nf!,NCE CHARGE:S. This gives us the "daily b.alanM.''
Method. elf D4termlnlng the .Amo1lnf of FINA!\ICEl1HARGE, Any FINA NC!: CHJI.RGE ls doturi')lir11id by. applying the. 11Pctiadic Ratati toJhil b,danca
described. heroln, Th811 we add togetner the porioc!fo FINANCE CHARGES ror eiich day in· 1he billing cyi;;le, This· Is your flr(J\j\jCE;; CFl.i\R(W
c:olcufated by applying a Periodic Rat!'!. ·
'
You also agree to p,1-y FINANCE CHARGES, not calcU!at1:d by applying o Pedod!cRate1 as sat forth !Jotow:
r ... · .. ,
Additional finance Charges. The following add!tionul flNANOS CHARGl.:S will bo char(fcd to your Credit Une or
llndcrwtitlng to Bank ofCorpl Gables: '$300.00
Sc,wr,ie,v.....&rofes,;ing fee tQ Bank .af Coral !- j

Gables: ~176,0D
 Case 20-22398-MAM Doc 36-1 Filed 12/18/20 Page 122 of 314

, I
CREbrT AGREEMENT
• '' Loan.No: - (Continued) Ptigc 3

TaxServlca to Flrst American: In Crish ~170;00 .

Poricdic R11te .in.d Corresponding ANNUAL PERCENTAGE RATE; We- wlll determine: tho Periodic fl!ltc and t!:ie corresponding ANNUAL
PERCEtJTAGcRATE DS folloiNS. Wo start With af1incioporid~nt index which (s thu Won 9tf•lfl Journal Prims Rato (tho.fndox•). We wm u.s o th¢
mos(recent lndai< value available to us- os of 1ho dnto of any ANNUAL PERCENTAGE R.ATEadjlistmont. The Ind!!>< tsriotnoaossarlly 'the lowei.t
rate chargei:I by 1,1~ on ou.r loans. If the Jndox bnco11wi; un,11vail!1blo dtrr/ng tho term of thl~·.cro~it Lin~ Acoount, wo ,nay doslgnafo a t;,Up~tltu:~
indo>< aftor notlco 10 you. To dotcrmlnn tho Periodic Rate thatwlll apply to your account, we toke the. vpfl.Je of ttfo Index, round ihat to i'1c
nearo~ 0,120%, thon divide tho roundod value by the nurnbor of days l,n a yoar (dally), T9 obtain tho At-JNU.AL PERGl:NTAGERATE w.e ntulllply
the Periodic Aataby the number of days In a yea< {daily). This result fs 1r,o ANNUAL Pf:ROENTAGI: RATE. The ANNUAL PERCENTAGE RAi'E
lncludos only lntcro:it and no othor coats. · ! ! !
Tho Pqtlodlc flnt.e and 1/lc comisponding ANNOAL l'l:ROENTAGE RAT!: on your Credit l.ir1d.w1U!ncroase or docroos1d1s ilw Index lncro~scs or
dt!croai;ei:Jn:im Urne to time, Adjustments to 1.he f'erlodlo flata Dnd .thb oorri,spond!ng Arl!NUA~ PER.CEI\ITAGt! RATE (Os\llUng frcm ohao.(111:i In
th1dndoxwlU take effect dallv, In no ovnnt wlU tho oom'.!spondlng ANNUAL PERCENTAGE RATE: btt more than tho {Qssor of18.000% or tho
ma><frnum rote allowed by .applicable low. Today 1h11 Index .IS ll,?~0% 'por annum, nnd tlieroforo tho iriltiiil Pariqd!c flqto end Uio ccrrospondlno
ANNUAi, PERCENTAGE-MiE on your Credit Lino are ~s stated below:· .· .
Current Rates for .1!ic first Paym!!nt Slf<!am '.
Range of ·Balanco Margin Added ANNUAL PERCENTAGE- Daffy Pnrk1dlc
or Condltlcns · to Index RATE Roie
.All Balancci; 0,000% 8,2S0% Q,0;!2GOo/o

Notwllhstantllng :any other provision of this Agroemont, we will nod:harge interest oq)my undlsbutsed loan proceeds, oxcept m; ml!}' b.e
permiUed during miy
Right of Rescission. period. No matter whatclseJnay he. stated in. q1:iy other provision of this A{lreament or .to ilny 0th.er
di,>cument you may have with us, you r,fo not <Jgrno or Intend to' p;iy, ::ind we do not agree or ii\tcnd fo cf1atge any inter~st. 11r fee far 1he Credjt;.
A!1reem1mt wtil~h v,101-il~ in any way cause us fo contrnct for, charge or coflc:ct more• for iha Credit Lin 7 Account 1tum' the maximum .wo .w:cu1d
bo i:iwmitte!l tc charge or cotlectby any npp!icab!e fodcmil or Florida titate raw, Ant• soeh cxpcss fotere~t or unmJthorized fee will be applied flrst
to rod!lce the unpaTd ·principnl beloncc of the Credit Linc Account, and when the principal has been p11lcl in full, be refunded to you,
_Conditions Under Which Other Charges May Be Imposed, YQu ngrcq•tQ pay aU the other foes and choroes raf11ttid to your Credit Urw as set forth
~m . .
Annualfce. I, nonrefundable Annunl Fee of $50,00 wl(I bo chilTQDd to yourCredftLlno l)t the following thno; 'A1m~ally.
llctt1rncd Items, :You may bo .charged l 39,oo l(yol! pay vof.r Cre#!t Lfne obl!gatfons: with a .che¢k, draf;I~ or oth11r jlqm 1hat ii. dl~honQryd
fqr at1Yirirasp11, unless falPpllc1tbJe low requc(es .11 lower chargll 9r prof lb Its 11ny c.h!1rgq •.~ '. • .
Fo.c to ·stopl>aYme!it,. Your Credit Line Account may bo c.h11rged ~~O.GO whe.n you rli!Jljest:a stqp .p~vment on your ~C.91/!Jt,
'I.ate Ch;irge. Your paymsnt will be li!to. If it .is not received by lts ;wlthin l~ cf;1yi;, afJeJ tl_\ll'. 1'l>ayrnMt T)Uti n.aw• :ihPVin 'DIJ your-per!oil\o
siat!)went . .·H your p~yment. is fate we may charge you 5,Q00% cir \ho p.iymenfor *Sf whiclfovor is gr11;itef. f, I ·
Cr'}d!ttlne .Che:cld"rlnting Cflarne. YQUr Crodit. Uno.Account may bo charged $6,50.pjuf Shrf1pln1i: & Handling. i
$1J¢urity Interest .(:l,argos. You agree to PW all i.oc11rlty l1tl'!ltcst chqrgos t1Jlalt!Q. to Yoqr:,Credit .Lfotl es sat forth hl,ll?Wl
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• . ..· . .·. ·.. ·.· . ·.. . .·. .· .· .. . •.1 !• • •~
Flood Ceitlficiltlon to first American ~1 a,oo t "
Appr;iisa1 Fae $850;00 ·
Reo.Prdimi Foos $53.10
P9¢urnont f1ropara1lon . . $225,00
Title F.xamlnntion t.o ffownrd W. Mazlom~.00
'l'otnl ' $1496.,10
Special Taxos, You·agree. to ,pay
.
all faxo:s related to your.Cre:<;lit tin~:
f
as sot'forth be!ow}

lntlioglble Tax ~3000,00

Poe Sta&lpcr; -!:saso;po
l f
'Total t8250.00 I .-:
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Lonper'.i; !'lights, tinder this Agreiiment, wo lraw tho following rights: ! ·;

Te.rmlrititlon anc!Ai;c:oforntlori, Wo can tormlnato y91-irCredlt.llnc Account and _requfr~ you to. p11y 4s 1h;C1 entrro ouJsfondlng baf11nco il'l one
payrmint, and ch ergo you certain. roos, If any of lhO follo\VJrig .h~p!)dtl! . (1) You cornmlffraud or make a rnatar/al. 91l~rQpr11sonM.l.ori at DOY
1imnJn connection with this Crod!tAgroomont. This, can indu~!i, for ox&mplo, a fnfso i.taternorit about your lncoma1 aosats, !loblijt!oa, ot
1Jny other ii:ipeots of your flnan,ciol condition, (2) You .do · n,;it inoet tho rnpaymont tc1ms- of ihfs .C(edlt A9roo111!)nt, . f3l Your 11_oilon ot
lnuetlpn adv~rsaly affects the collateral for .ttta plan or our rights. In i.he coUatcra!, Thfs can Include, for example, fallure tP malntalfi roqulrml
Jnsutanco, waste or, destructivo use of.1ho dwetflng, flliloro ta pny ta,xes, de:ath· of All persons 'llablo on,'the account, transfer of ti\le 9r salp
af1ha-dviellfnir,oro.ot1on of a senior llon on tho dwollln!J wlthoutopr pom1iislon, forooloslir~ by' the holder of amithsr lloti; or -t he usp of
runt!& onho dwolllng for prohlbite.d purposes, · ; '
susp11nsion or Redtu;tion. In addition to ,my ether rlohto w~ may!ttave', we eon suJpond actdi,tlonal o>:tcnslons ohrndlt or 1oduco your
Crocfifl,.lmlt dUtin(T any pinlod in which any of tho. followina: arti in ii.ffect: ·· · :i • ·· · ; ·

(1) The valuo of -your property dedinos s!gnUli:ontlY .below the propr.rfy's i!Pprals.od ~aiua. for purpo&os of thls Cr,edlt Line- Aoc\)iJnt; This
lnchJf;!es,Jor cKatnpl¢ a decline such th;lqho inltinl dlffor'om;ii. botWeon tha Crodlt t.trnlflond 1ho avnlfob!!l (lqµfty ls 'taaucod by tifty .porcant
and may Include B smo!for 1 dadlne dopond!ng on tho Individual c!rcums(ancas. j i •
Ill . We re~sohabfy bidicva thut you wltl bo unablo '[q .'fv11111 you/ payment obllgatl~~s:und~r y~ur Credit Lin¢ A\1c:iQUnt l!U(l tQ ? mntt,,rilll
,otmnge in your finar!clal circumstnnces. i i;
(31, You are in dii!milt Linder any material obligations of this..C::tddlt lino Acoount ; Y/vo ciinsldbr nil of your obligations !o b(l milterJal,
oi&J_n. r ~ . 'g.·•.o·.·' ·l?s of .motoriol obH_getlor_is l·.nclu.·do·.· .·the cv~nts desi:rl~or:1. . abhv.o.··· und.. 0.r . T.·.D
. ::.. ··. 1mi. ond Acc. oli;.rntio.n, ob.·lia3t·i.cns .10 p. ay f.90 .S atid
0, .flA.)'2}f9es, obllgailons and IJmltahons on tho rocc1pt of credit ady;inces1 obllgauonsnot.ion i,oncernlng rTJ1,l lntennncc or us~ of 1h11 property or
-,,/(e:o/.127J/cds, obllolllions fo pay and perform tJ10 terms of any otiuir dc,,od of trust, rnorrg~go or loasa cif 1ho proporty, ool!(lations 10 notify us
 Case 20-22398-MAM Doc 36-1 Filed 12/18/20 Page 123 of 314

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CREDIT AGREEMENr
'No;- (Continoed) Page4
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and 10 provide documents or lnformution to us (such us up,foted finaooio! lnfon-runfor!l,, obllgath:ms to comply wifu,spplio;;bfo laws {suoh es
zoning rostflctlons), ,mo obl!gstlons of any comaker. No do!ault v1ilf occur umil wa ;mall or deflvor a no!il::o of default to you, su you can
rnstof!l your tlght to crndit advances:. i : •
{4l Wo are precluded by government action from imposing Iha ANNUAL PERCl:fJT1tGE: HATE provkfed for under JOO Agreement.
to
15} The priority of our security lnten:rst Is advorsely affected by govornrmmt actll'll'l ,ho extent that the v;;luo pf the si.icurity intf.'l'est is
less then one hundred twanty porcrmt {1 :::m~) of tho Credit llrdt.
{6j Wo hiivo bocn. not!ilad by govommontnl authority that contin~od lltlvt1m:os may constltuto an unsafe and uosollnd busln1r~ pr!loticu.
Chnnge tn iarmc. Wo may make changes to tho terms of this Agraamont If you nor110 to tha, chango in writing 01 that ii.mo, if tho change
will umiqulvocally bonofit you throughout tho remalndor of your Cnidlt llrttl Aooauiit, or if 1ha change Is ins!gnllicant [such as chan11es
minting to our data prooessfng systems). it tho Index Is no longor avllllllbltt, wo wlll chooso a now Index and margin, Toa now Index wl!I
havo 1111 h!storlca! movomont subsuntially s!mller to tho, orig!IT!ll ltu:!u>r, 11nd 1ho. new Index nnd margin wm result In 1m ANNUAL
PatCflllTAGl: RATE that i$ substantially simi!ur to the rate in effnf! at the 11me 1he orlg!nnl Index becomes unavaHab!c, We may prohibit
additlonnl nX'lnnsion, of oredlt or reduce your Credit Limit during ilny poriod lo whfoh tho maxfrnum ANNUAL PERCENTAGE RATE under
yom Credit Una Account is reachod. · • ..
1
CoUectfon Costs. We may hiro or pay someone else to help uollact this Agroemont it y~u do not pay. You w!IT pa} us 1he amount of these
costs 11nd cxpcn:rns, which Includes, subject to any limits under'upp!lonblo few, oJr!ream:innblc attorneys' foes and out legal oxpon!!os
whethor or not there Is a lawsuit, Including rousonab!e attorneys• (eos nnd legal oxp~n:rns for bankruptcy proco11djags {lnc!udfng efforts to
modify or vacate any automatic stay or injunction}, anti appeals. ff not prohlbltod by. ~pp!fcab!e law, you nlso wfl! pay any court costs, In
addition 10 all other sums provided by law, 1 ; ' •

Rate lncr111m1. fn addition to our other rights during tormlnation and accele.ration, we m:iy Increase the Vllriabfu ANNUAL PERCENTAGE
RATE under this Agreement 10 18,000 percent per annum. The ANNUAL PERCENTAGE RATE will not oxcood tho maximum rote permlttod
by applloublo law. lf we do not Increase tho ANNUAL PERCENTAGE RATE upon termination or aocelerat!on of your Credit Una Account, It
wllf continue et the variable rate ln qffect as of the date of turminallon or acceleration of your Credit Uno Account.
Accn&s Oiwlcos, If your Credit llno ls suspended or 1on11!nntod, you must lmmed!afoly totum to us alt Home Equity Line nf Credit Checks
llnd any otl111r am:mss devlcos. Any use of Home Equity Unc of Credit Chei;l11,; 01 oth(!f vc:coss dovlcos tol!owi;lg suspens1on or 1ermlnetion
may be consitforud fraudulcmt. You will clso remain llable for any further uso of Home E.qufty Linc of Credit Cltods or nthnr Credit Uno
acc!!lls dtwlcai; not roturned to us,
Onlay In Enforcenumt. Wn may dahl:y or walvo the enforcement of any of our rights undllrtthls Agreement witoot.11 {osfng thal right or ruw othi;r
right. If we daley or waive nny of our rights, we may enforce that rif!hl ;,;1 any ti1m1 in 1f!4 iuturo without edvaoce notice. f-Or eJ1:11mplo, 001
terminating your a!:l:lount for flM•peymont will not be a waiver af our rig~! 10 timnlnate Ylllf aooouot In the. iuture ii vcu!hilVe not p11ld,
Cam:i;:l!atlon l;y you, If you cam:ef your right to credit advam:zos und!!t th!$ Agroernenf, y~q must riotify us and m1urii a!! Home Equity Uno of
·evines to us. D!lSplte earml!!lation, your ab!lgntions,undor this: Agreement wi!Fremain in ful! fom,i and
Agreement. ! ;

under thi!i Credit Un11 at ooy timn without p1:1m:ilty, aire:ept we wlU be entitiod io roeal\/1!
11!! '.iltcruod flNA1;1Ce CHARGES, and other charges, If any, Payments in excess of your Mfn1mum Payment wll! not relievo you !lf your qbl!:gat!on
to eonl!oue to maim y-0u< Minimum Payments. Instead, they will rnducq the prfm;ipsl tmr.ivce ,owed on tho Credit Una~ You
u:i: paymon.ts marked "poki in full», •without recourseµ, or s!mllar!angUSQll, If you 1Ieod ll!ll!h n p!lymunt, we may aooopt It l,';(i,
our dght11 under this A9roement, and you will remain ol:lllgated to pay any further amount awed to us. AIi written COOJ!llllnlcanons.conO!lmirui
disputeid amount!JC, including any check or other payment lnstrumant. tlrn\ ind!cafim 1hat the .pnymeni constftut!IS "paymqnt in fu~~ of 1110 amount
-iwed Qf that ls tl'!ndornd With othor conditions or llmi(11tio1n er as lull i;ntb;focdon of II d{ipµtcd amotmt mu.st be mailed,or del!ll!l:red 10: Bank of
Coml Gables, Attn: Loan Opera1lons, 95 Merrick Way, Suite 106 Coral Gnb!o<1, FL 3313.<l,: ' · :
l1Jo:lce.s. All notices. wl!I bo sont to your address as shown In this Agrecomanl. No1lccs wl!I ;bll malled to you at a differovt addrnss lr you gh111 us
wntton no!loo of a d1!fomnt addrer.s. You agree to advise us promptly If you ohon!ill your n1nlflng ll!:idress. j
~J
Credit lnform11tlo11 and ·nelntod Matters, You authorize us to rolem;o lnfofmiltlon about you third parties os described !n aur privacy pollcy anti
our. Fotr Crodit Reporting Acl notlcu, provided you did not opt out of tf\\:! 1.1p11llcablu: po!lcyi ),r 11s permitted by law.. You agrno that, upon our
requusl, you will prov/do us with a curront financial !ltatcmont, a new efcdit appli,mtlcn, or both, on forms provided by us. \'ou a!sq 11grno wo
may obtain credit reports•on you nt any tiino, at our solo option nnd 11l(ji<mso, for ony roasor1, lnc!udlng bvt not llrniled te.dotcrm!nlng whothllf
tlu:ru lit11i I.men 1111 11dVUtb'II chimgu In your fim1m.:l11! uu11ultlo11, Wu muy 1u11ufru II nuw upprtilsul of iii" f>rnpcrty ¥<hlch Mcur,i:; y,,ur Crudit tinu 11l
am1 t!rmi, Including an Internal lnspnction, at our sofa option and UXPllMe. •l
Trnnsftir or Assl!lnmo1tt; Without prior notice or approvol from you, Wfl rosurvo tho 1!9htito !ltl!I or transfer y.,or Credlt Unu Account and our
rlghtt nod obligations undar this Agroamont to anothw lender, entity, or parson, and tll nts!gn 011r rights undor tho Moctg.;ge. Your rights ond1,r
this Agmurmmt bu!tmg to you only and may not bo tronsforrnd Cl, asslgltlld, Your obfiont!ons, howevnr, uro bfoding on yow helm nm! !ogal
n:ipn.mmtatlvoi;:. Upon any such salo or transfer, we wlll hnve no furtln1t ob!lgation to provide you with credit sdvanct1s or w perform 11ny o1her
obligitlon under thl,;.Agroem1mt. , •
Tax Corm,q:utnc,111. You untltrstemf thllt nelthor wa, nor any of oor omploy~,is eoonts; maku any roprasontllilon or wnmmty whatsoovllr
or
ooncarn!ng the tex eom1eque1tces oi your establish!nil and using your Crmm Unu1 !111:lutlln11 ttic deduct!b!llty of !ntilres,t,;erul 'lhst neither we nor
our t.'mjl!oyees or agents WIii be !labia In the event Interest on your Ciuqlt Lino fa not dedu'.ctlblo. 'You should consult ;,oil( own tsx advisor for
guidnnvo en thii 1wbjocl. . I ;' :
Notify Us of lrmccurete lnform1nion We fleport To Coni.um<1r llepmtrng Agonefo:i:. ?!;l.!,o mh!f\l us If wo raport nny lnacturats !llformallon nbou(
yo!Jf ecccountfs} to a consumer !!'!porting agency, Youf ,vrltten no\lcu dosctiuing the speclfle: tnaccureoyjlesl should be s1,nt to Ui lit tht
!~lowing address: Bank of Corlll Gablos Attn; loan Opcrntfons S& Merrick Way, suna 106 Cdr11! G&bll¾s, Ft $3134.
Jury Waiver, Wo and you hcrnbY waive the right to nny jury trial In any action, proceeding, or count!m:lalm broug!;t by eill!e1 us or you agalm.t
th11 otlttu, ((nltloll-tora _ _ _ _ _ I
Golfeminn Law, Thia Agroement will he governed by federal law app!lcah!e to tit! ond, to tht< oii:teni ru:,t preempted by ,fodsrn! law, 1ht> laws o!
the State of f!orldn without rogard to Its conrtlcts of law provisions. Thlu>Agieemont tws Mon accepted by us in tho State cf Allfltia,
'
gf Vcrwe, If them ls n lawsuft1 you ogrco upon our roquost to. ~ubmlt to tho Jml&dlllt!t1t1 of the courts of r,{IMJl·Oada County, Stein o!
; i
• You consent to tho Issuance of a contin.uing writ of gomfshrnent or oHachment aoainst your c!isposablo'eamings, in acm:m:fom:o
Suction 222, 11, Florida Statutos, ln order to Mtisfy, In wholo or In part, ony money Judnrrwntontorod In favor of us.
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 Case 20-22398-MAM Doc 36-1 Filed 12/18/20 Page 124 of 314
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:! ·
~
r CREDIT AGREEMENT
Loan ·No: (Con~im.ted} Page 5

Caption Headings. Caption handing$ In this Agroomant ara far conVe_11ience. pvrposos and aro. nqt ~o l>o used to Interpret or define tho
provision,; pf this Agroomant,
lntorpmtatlon. Y,;,u agree thatthls Agreement, togethor with ttw Mortgaae, ls tho bast evMenca of your _llgreernents with us, lf we got() court
for any reason, we con use a copy, fflrnod or olectronlo, of any por!odlo st,mimont, this Agreonumt, the Mortgage or any other do1Wrn8nt to
provowhat you owo us or that a jmnsaetlon has taken place, Tho copy, mlcrofllm, mlcrpflcha, .oroptioal im1J90 wlU
hn\'e 1ha samo validity as
the origlnal, You agrne thar,. oxcopt to tho o;.;tent you con show them is a. billing Cf[9r, your mo$t qurrant periodlo stotomont .Is tlw ba11t
ovjtfonco of your obligation to .p.iy, 1
Sovcrabllity. If a court finds. tliat •any provision of tnls Agmimont ls• ftot valid or sl1oold nt:1( be IJOforc!ld, th.lit focr b'/ Itself wUt not mean thartho
(CS{ of this l\greoment will notbo valid or enforood, Thorofom, II court wllh:inforco tl.)o_rost of th!! provisions of this Aareomont OVOfl If !'I
provision of this Agroornont may be found to be invalid or unonforc(lab!o, , ,
AolmoWlodgmont. You tindarstond or\O. !igroo to tho terms ,ind oondi(iohs h this Agwnme~f.. By sfgrdno thfa Auroomo6t, }'OU acknowhidgo 1hat
you havo read tllis Agreomont, You also acknowledge rooolpt oh complotod oopyof 1h!s Agreement, lnolud/ng lhe foti Crad!t Billirm Notice imd
tho early homo equity lino of crodft application disclosure, In addition to the handbook ontijled "What yov should know ;about Homs Equity lines
of Credit," givon with tho applica1lon, !, :

BOP.HOWER:
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X'"'Lo'""_u,_r-en_c_e_"'s'"'c,,.hccn--e"°ld""c_r_______________

Effco1ivc Plsbursement tla~e: ___ ?xfl~ . ":

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! Si:amp. Ta~:
. Florida Doc:ume9tary '"
Florida docurol;lntary stamp tax in the amount required by law has been pafd w!tfJ l'.'e1,pe.ct to this Agreement on the
Mortgage securing this Agreement. · ·

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