Borrower hereby authorizes United Bank of El Paso Del Norte (Bank) to charge my / our account for all payments due on the loan
described below (Loan). In any event, United Bank of El Paso Del Norte, at its option, may cancel this authorization at any time.
Borrower authorizes and directs United Bank of El Paso Del Norte to make the following transfer of funds:
AMOUNT TO BE TRANSFERRED: $
FREQUENCY: Weekly Monthly
EFFECTIVE DATE: TERMINATION DATE:
These accounts remain subject to their individual terms and conditions, which are not modified by this authorization. If a
transfer is made from the Account, Borrower will retain the right to require not less than 7 days written notice of withdrawal.
United Bank of El Paso Del Norte may terminate this authorization by giving Bank a 15 days written notice of cancellation at the
address stated below. United Bank of El Paso Del Norte may continue to charge the Account until the Loan is paid or until
Borrower provides United Bank of El Paso Del Norte with written notice of cancellation. Such cancellation of this authorization
does not excuse Borrower from making timely payment under the terms of the Loan.
Borrower understands and agrees that if a payment due date falls on a Saturday, Sunday or Bank holiday, the payment
amount will be debited from the Account and credited to the Loan as a loan payment on the next day United Bank of El Paso Del
Norte is open for regular business.
Borrower further understands and agrees that if the Account does not have a sufficient balance on a day that a payment is to
be debited from the Account and credited to the Loan, United Bank of El Paso Del Norte may, at Bank’s option, suspend further
efforts to debit the Account and look to Borrower for the payment and all subsequent payments until such time as all payments under
the Loan are current. In no event will availability of any credit line that Borrower may have the Bank be used in determining whether
the Account has a sufficient balance.