HomeMy WebLinkAbout1983 EVFCPage 1 of 3
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Enfield Volunteer Fire Co., Inc.
July 7,-1983 -
4. You are to carry casualty insurance on both trucks in an
amount not less than the amount of the loan during the
term of the loan.- Evidence of this insurance coverage
must be provided at the loan closing showing First Bank
and Trust Company of Ithaca as the loss payee. We will
also require an annual statement of income and expenses
within 90 days from -the -end of your tax year and a copy
of your latest contract with the Town of Enfield.
5. The whole of the principal sum and any unpaid interest
will immediately--come-due and payable in the event of
any transfer of ownership of the secured property.
If it is your intention -to accept this loan commitment, please
do so by having the appropriate authorized officers sign and return
the enclosed copy of this letter to us within ten days from the
above date. The funds will then be reserved for you until September
1, 1983.
Ifyour acknowledgement -isnot received within that time, we will
assume that you do not wish to accept this commitment and shall con-
sider it withdrawn. If you -have any questions concerning this commit-
ment 1ettPr lease give pie -a call. Thank you for allowing us to
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assist you with this finance package.
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