Mr/Ms/Mrs Type your full name below was advised that the request for deferral of loan installment will result in an extension of the maturity date of the loan as per reference number above.

I authorize the Credit Union to hold all and/or any items pledged as security for and/or by this/these until the loan is fully repaid.

Insurance policies being held for property mortgages will be held for the additional months of the moratorium.

I understand that upon resumption of loan installment, interest first would be allocated as per PSCU Loan Policy and thereafter payment to principal after the accrued interest is repaid.

I fully understand the request made and the conditions and consequences have been fully explained to me by the Credit Union.