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

Credit Union Lien and Security Interest. If you owe us money as a borrower, guarantor, endorser or otherwise, we have a statutory lien on the account funds in any account in which you have an ownership interest, regardless of their source unless prohibited by law. We may apply these funds in any order without further notice to you to payoff your indebtedness. By not enforcing a lien, we do not waive our right to enforce it later. In addition, you grant the Credit Union a consensual security interest in your accounts and we may use the funds from your accounts to pay any debt or amount now or hereafter owed the Credit Union, except for obligations secured by your residence, unless prohibited by applicable law. All accounts are non- assignable and non-transferrable to third parties. If any legal action is brought against your account, we may payout funds according to the terms of the action or refuse any payout until the dispute is resolved. Any expenses or attorney fees we incur responding to legal processes may be charged against your account without notice, unless prohibited by law. Any legal process against your account is subject to our lien and security interest.

Credit Union Lien and Security Interest. If you owe us money as a borrower, guarantor, endorser or otherwise, we have a statutory lien on the account funds in any account in which you have an ownership interest, regardless of their source unless prohibited by law. We may apply these funds in any order without further notice to you to payoff your indebtedness. By not enforcing a lien, we do not waive our right to enforce it later. In addition, you grant the Riverside Federal Credit Union a consensual security interest in your accounts and we may use the funds from your accounts to pay any debt or amount now or hereafter owed the Riverside Federal Credit Union, except for obligations secured by your residence, unless prohibited by applicable law. All accounts are non- non-assignable and non-transferrable to third parties. If any legal action is brought against your account, we may payout funds according to the terms of the action or refuse any payout until the dispute is resolved. Any expenses or attorney fees we incur responding to legal processes may be charged against your account without notice, unless prohibited by law. Any legal process against your account is subject to our lien and security interest.

Credit Union Lien and Security Interest. If you owe us money as a borrower, guarantor, endorser or otherwise, we have a statutory lien on the account funds in any account in which you have an ownership interest, regardless of their source unless prohibited by law. We may apply these funds in any order without further notice to you to payoff your indebtedness. By not enforcing a lien, we do not waive our right to enforce it later. In addition, you grant the Radius Federal Credit Union a consensual security interest in your accounts and we may use the funds from your accounts to pay any debt or amount now or hereafter owed the Radius Federal Credit Union, except for obligations secured by your residence, unless prohibited by applicable law. All accounts are non- non-assignable and non-transferrable to third parties. If any legal action is brought against your account, we may payout funds according to the terms of the action or refuse any payout until the dispute is resolved. Any expenses or attorney fees we incur responding to legal processes may be charged against your account without notice, unless prohibited by law. Any legal process against your account is subject to our lien and security interest.

Credit Union Lien and Security Interest. If you owe us money as a borrower, guarantor, endorser or otherwise, we have a statutory lien on the account funds in any account in which you have an ownership interest, regardless of their source unless prohibited by law. We may apply these funds in any order without further notice to you to payoff your indebtedness. By not enforcing a lien, we do not waive our right to enforce it later. In addition, you grant the grand Riverside Federal Credit Union a consensual security interest in your accounts and we may use the funds from your accounts to pay any debt or amount now or hereafter owed the Riverside Federal Credit Union, except for obligations secured by your residence, unless prohibited by applicable law. All accounts are non- non-assignable and non-transferrable to third parties. If any legal action is brought against your account, we may payout funds according to the terms of the action or refuse any payout until the dispute is resolved. Any expenses or attorney fees we incur responding to legal processes may be charged against your account without notice, unless prohibited by law. Any legal process against your account is subject to our lien and security interest.