Extension Of Loan Agreement

DESCRIPTION OF EXISTING DEBT. This loan agreement is a modification and/or modification of the borrower`s indebtedness conditions, as defined in a debt certificate, loan agreement and/or other credit agreement, which demonstrates the borrower`s obligations as of July 1, 2016 and refers to the aforementioned loan number (individually and/or in summary referred to as “prior agreement”). Here are the most common types of loans that can be renewed through the use of this agreement: Use this pandemic relief form to request that you defer your next monthly payment for a sikorsky eligible financial credit loan. Send the completed form with proof of dismissal or dismissal to The Sikorsky Financial Credit Union, Attn: Lending Department, 1000 Oronoque Lane, Stratford, CT 06614. By signing this question, I agree to skip my current payment due and the next monthly payment* next. The skipped payment is added at the end of the loan, which extends the term of the loan. I understand that interest continues to be charged during the deferral period. If THE CAP (Guaranteed Asset Protection) or other debt protection has been acquired for my loan, I understand that the coverage may be affected by exceeding these payments. If my loan currently has Force Placed Insurance (CPI), I understand that my future payments may be affected by exceeding these payments. I understand that my payments resume 2 months after my payment ** currently scheduled, that all other conditions and provisions of the initial loan agreement remain unchanged and remain in full force and effect.

I understand that it is my responsibility to know when my regularly scheduled payment will resume. If you sign below, you are requesting a 3-month extension of all weekly, bi-weekly, semi-weekly or monthly payments due for your loan mentioned above. You understand that financing costs are always incurred at the interest rate stated in your original credit agreement. If you have previously chosen credit life and/or credit disability insurance, the insurance coverage will not be extended beyond the original maturity date. If you have Guaranteed Wealth Protection (ACAN), your coverage may be affected if payments are deferred. With the exception of the renewal of the due date, all other terms and conditions of the original loan documents remain unchanged and in full force and effect. If you have recurring payments from another financial institution or through a bill payment service, you must cancel your payment(s)….