Common use of Credit Union Lien and Security Interest Clause in Contracts

Credit Union Lien and Security Interest. To the extent you owe us money as a borrower, guarantor, endorser, or otherwise, we have a lien on any or all of the funds in any account in which you have an ownership interest regardless of the source of the funds. We may apply these funds in any order to payoff your indebtedness. If we choose not to enforce our lien, we do not waive our right to enforce the lien at a later time. In addition, you grant us a consensual security interest in your accounts and agree we may use the funds from your accounts to pay any debt or amount owed to us, except obligations secured by your dwelling, unless prohibited by applicable law. All accounts are non- assignable and nontransferable to third parties.

Appears in 8 contracts

Samples: Membership and Account Agreement, Twinstar Credit Union, Twinstar Credit Union

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Credit Union Lien and Security Interest. To the extent you owe us money as a borrower, guarantor, endorser, endorser or otherwise, we have a lien on any or all of the funds in any account in which you have an ownership interest at the Credit Union, regardless of the source of the funds. We may apply these funds in any order to payoff pay off your indebtednessindebtedness without further notice to you. If we choose not to enforce our this lien, we do not waive our right to enforce the lien at a later time. In addition, you grant us a consensual security interest in your accounts and agree that we may use the funds from your accounts to pay any debt or amount owed to us, except obligations secured by your dwelling, unless prohibited by applicable law. All accounts are non- assignable nonassignable and nontransferable to third parties.

Appears in 3 contracts

Samples: And Account Agreement, Account Agreement, And Account Agreement

Credit Union Lien and Security Interest. To the extent you owe us money as a borrower, guarantor, endorser, endorser or otherwise, we have a lien on any or all of the funds in any account in which you have an ownership interest at the Credit Union, regardless of the source of the funds. We may apply these funds in any order to payoff pay off your indebtednessindebtedness without further notice to you. If we choose not to enforce our this lien, we do not waive our right to enforce the lien at a later time. In addition, you grant us a consensual security interest in your accounts and agree that we may use the funds from your accounts to pay any debt or amount owed to us, except obligations secured by your dwelling, unless prohibited by applicable law. All accounts are non- assignable and nontransferable to third parties.

Appears in 1 contract

Samples: And Account Agreement

Credit Union Lien and Security Interest. To the extent you owe us money as a borrower, guarantor, endorser, or otherwise, we have a lien on any or all of the funds in any account in which you have an ownership interest regardless of the source of the funds. We may apply these funds in any order to payoff your indebtedness. If we choose not to enforce our lien, we do not waive our right to enforce the lien at a later time. In addition, you grant us a consensual security interest in your accounts and agree we may use the funds from your accounts to pay any debt or amount owed to us, except obligations secured by your dwelling, unless prohibited by applicable law. All accounts are non- assignable and nontransferable to third partiesthirdparties.

Appears in 1 contract

Samples: Twinstar Credit Union

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Credit Union Lien and Security Interest. To the extent you owe us money as a borrower, guarantor, endorser, endorser or otherwise, we have a lien on any or all of the funds in any account in which you have an ownership interest regardless of the source of the funds. We may apply these funds in any order to payoff pay off your indebtedness. If we choose not to enforce our lien, we do not waive our right to enforce the lien at a later time. In addition, you grant us a consensual security interest in your accounts and agree we may use the funds from your accounts to pay any debt or amount owed to us, except obligations secured by your dwelling, unless prohibited by applicable law. All accounts are non- non-assignable and nontransferable to third parties.

Appears in 1 contract

Samples: Account Agreement

Credit Union Lien and Security Interest. To the extent you owe us money as a borrower, guarantor, endorser, or otherwise, we have a lien on any or all of the funds in any account in which you have an ownership interest regardless of the source of the funds. We may apply these funds in any order to payoff pay off your indebtedness. If we choose not to enforce our lien, we do not waive our right to enforce the lien at a later time. In addition, you grant us a consensual security interest in your accounts and agree we may use the funds from your accounts to pay any debt or amount owed to us, except obligations secured by your dwelling, unless prohibited by applicable law. All accounts are non- non-assignable and nontransferable to third parties.

Appears in 1 contract

Samples: Account Agreement

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