21st Mortgage Corporation v. Carolyn V. Fields McDonald

IN THE DISTRICT COURT OF CANADIAN COUNTY STATE OF OKLAHOMA 21st Mortgage Corporation, Plaintiff, v. Carolyn V. Fields McDonald; and All Unknown Occupants, Defendants. ) ) ) ) ) ) ) No. CJ 2020 136 CASE ASSIGNED TO: PETITION (REPLEVIN) JUDGE: JACK D. McCURDY W REPOSESSION/MONEY JUDGMENT 1998 SCHULT Mobile Home SERIAL NUMBER: 284422AB aka P284422AB (the "Collateral") 21st Mortgage Corporation, ("Plaintiff") files its Petition for Replevin (the "Petition") and recovery against Carolyn V. Fields McDonald ("Defendant"), and All Unknown Occupants. In support of the Petition, Plaintiff alleges and presents the following: 1. Plaintiff is duly licensed to conduct business in the State of Oklahoma. 2. Defendant Carolyn V. Fields McDonald either contracted the indebtedness sued upon herein in Canadian County, is a resident of said county or the Collateral is located in Canadian County, and therefore venue is proper and this Court has jurisdiction over this matter. 3. Plaintiff is the original owner of the contract, the assignee of the original owner, or authorized by contract or power of attorney to bring this action on behalf of the obligee. 4. Plaintiff held the Contract prior to, at commencement of, and subsequent to the filing of this action. FIRST CAUSE OF ACTION (Repossession of collateral) For the first cause of action against all Defendants, Plaintiff re-alleges paragraphs 1 through 4 above and further states: 5. On or about March 14, 2000, the Defendant Carolyn V. Fields McDonald executed a retail installment contract and security agreement (the “Contract”), for the purchase of the collateral described as follows: 1998 SCHULT Mobile Home SERIAL NUMBER: 284422AB aka P284422AB (the “Collateral”) and all additions or accessions thereto or substitutions, replacements, proceeds or products thereof, which had been pledged on previous loans which Defendant Carolyn V. Fields McDonald had with Plaintiff. 6. Plaintiff duly perfected its security interest and lien in and to the above described collateral by filing a Lien Entry Form, specifically describing the collateral with the office of the Motor Vehicle Division of the Oklahoma Tax Commission. 7. By virtue of the security agreement executed by Defendant Carolyn V. Fields McDonald, Plaintiff has a special ownership interest in the Collateral more particularly described above. Defendants have wrongfully detained the Collateral from the Plaintiff. 8. A default has occurred under the terms and provisions of the Contract, and therefore Plaintiff is entitled to the immediate possession of the Collateral, to foreclose its security interest in and to the Collateral described above, including all proceeds thereof, and to exercise all rights attendant to its status as a secured party. 9. Plaintiff verily believes that Defendants maintain dominion, possession, custody and control over the Collateral subject to Plaintiff's perfected security interest and lien. 10. Because the Defendant Carolyn V. Fields McDonald is in default under the terms of the Contract, Plaintiff's rights in the Collateral are superior to any right, title or interest of Defendants. 11. For purposes of the petition the Plaintiff believes the Collateral to have the value of at least the amount sued for herein. 12. The Collateral has not been taken in execution on any order or judgment against the Plaintiff, or for the payment of any tax, fine, or amercement assessed against the Plaintiff, or by virtue of an Order for Delivery, or any other means or final process issued against the Plaintiff. This item of personal property is exempt by law from being so taken. 13. Plaintiff requests Defendants be restrained from concealing, damaging, destroying, transferring, encumbering or removing the Collateral from the County pending a hearing, and for such other relief as is proper. Defendants should be ordered to disclose to Plaintiff the exact location of the Collateral. 14. That Plaintiff be permitted to exercise its rights in the Collateral and in its discretion to sell or otherwise dispose of the Collateral, with the net proceeds of such sale to be credited towards the indebtedness sued upon herein. 15. Defendants All Unknown Occupants are named parties to this action based on their claim of some right, title or interest in the property which is the subject of this action and over which they claim dominion and control of the Collateral. Any right, title or interest, said Defendants may claim, in and to the Collateral which is the subject of this action, is junior, subsequent and inferior to the claim of the Plaintiff and any claim that said Defendants may claim should be denied herein. The relief requested as to these Defendants is IN REM ONLY. SECOND CAUSE OF ACTION – AS TO CAROLYN V. FIELDS MCDONALD ONLY For the second cause of action against the Defendant Carolyn V. Fields McDonald, Plaintiff re-alleges paragraphs 1 through 15 above and further states: 16. On or about March 14, 2000, the Defendant Carolyn V. Fields McDonald executed a retail installment contract and security agreement, whereby the Defendant Carolyn V. Fields McDonald promised to pay to the holder thereof the sum of $73,262.88, with interest accruing thereon at 9.25% per year as provided for in the Contract. A copy of the Contract, and Lien Entry Form, are attached hereto and incorporated by reference as Exhibits A, and B. 17. Under the terms of the Contract, the Defendant agreed to pay monthly installments in the amount of $602.72 plus insurance and taxes, beginning on April 13, 2000. The Defendant is in default for nonpayment. As of January 3, 2020, there is due to the Plaintiff under the Contract the sum of $49,477.68, plus accrued interest in the amount of $1,042.45 and continuing to accrue at the contract rate from October 31, 2019 until paid; late charges as set forth in the Contract; a reasonable attorney's fee; insurance advances by the Plaintiff, if any; and all expenses necessary to protect the property and realize upon the security interest and all costs of this action. 18. The Contract provides that if default occurs, the Defendant agrees to pay all reasonable costs incurred by Plaintiff in collecting same. **** NOTICE OF RIGHT TO DEBT VALIDATION **** 19. In accordance with the Fair Debt Collection Practices Act, Title 15 U.S.C. Sec. 1692(g), if applicable, unless the person or entity responsible for the payment of the above debt, within thirty days after receipt of this notice, disputes the validity of the debt, or any portion thereof, the debt will be assumed to be valid; and if said person(s) or entity notifies the undersigned attorney for Plaintiff in writing within said thirty day period that the debt, or any portion thereof, is disputed, said attorney will obtain verification of the debt and a copy of such verification will be mailed to said person(s) or entity by the undersigned attorney for Plaintiff; and upon written request by you within the thirty day period, the undersigned attorney for Plaintiff will provide the name and address of the original creditor, if different from the current creditor. This is a communication from a debt collector. This is a communication to collect a debt. Any and all information obtained will be used for that purpose. COMBINED PRAYER FOR RELIEF WHEREFORE, premises considered: 1. FIRST CAUSE OF ACTION: RECOVERY OF COLLATERAL: a. Plaintiff prays for a judgment against the Defendants that its security interest in the Collateral is foreclosed; that all defendants interest in the Collateral be adjudged subject, inferior and junior to the Plaintiff's interest and that the Plaintiff be awarded sole possession of the Collateral. b. Plaintiff further prays that after proper notice, pursuant to the Fair Debt Collection Practices Act time limitations and in conjunction with Oklahoma Statutes, as set forth hereinafter to the defendants, that the Court issue an Order for Delivery of the collateral pursuant to 12 O.S. Sec. 1571 et seq., and that the defendants be restrained from concealing, damaging, destroying, transferring, encumbering, altering or removing the Collateral from the County pending a hearing, and for such other relief as is proper. c. Further, as to the Defendants All Unknown Occupants, Plaintiff prays that the Court adjudicate the inferiority of any claim and that the Court award the Plaintiff, complete, sole and independent possession of the Collateral, free and clear of any rights or claims of the Defendants. Said judgment requested against these said Defendants is In Rem Only. 2. SECOND CAUSE OF ACTION AS TO CAROLYN V. FIELDS MCDONALD a. Plaintiff prays for a judgment against the Defendant Carolyn V. Fields McDonald in the sum of $49,477.68, plus accrued interest in the amount of $1,042.45 and continuing to accrue at the contract rate from October 31, 2019, until paid; late charges as set forth in the Contract; a reasonable attorney's fee; insurance advances by the Plaintiff, if any; and all expenses necessary to protect the property and realize upon the security interest and all costs of this action. Respectfully submitted, Gretchen M. Latham- OBA No. 17523 Of the Firm: PHILLIPS MURRAH P.C. Corporate Tower, 13th Floor 101 North Robinson Avenue Oklahoma City, OK 73102 Telephone: (405) 235-4100 Facsimile: (405) 235-4133 [email protected] ATTORNEY FOR 21ST MORTGAGE CORPORATION VERIFICATION STATE OF TENNESSEE ) ) ss. COUNTY OF Knox ) Ryan Oaks, of lawful age, being first duly sworn on oath states: That he/she is a representative of 21st Mortgage Corporation, Plaintiff in the action; that he/she has reviewed the file of Carolyn V. Fields McDonald, #6907 (last 4 digits) and is familiar with the contents thereof, and states that the matters and things therein set forth are true and correct. [Signature] Subscribed and sworn to before this 13 day of February, 2020. [Signature] NOTARY PUBLIC My Commission Expires: 11-2-2021 Note: This contract is intended to be assigned only to The CIT Group/Sales Financing, Inc. Note: Customer(s) Must Also Sign Separate Credit Insurance Election On Page 5 Customer(s) Name(s) and Address(es) CAROLYN V. FIELDS MCDONALD 5012 ROYAL BRIDGE RD OKLAHOMA CITY, OK 73135 Date: Month / Day / Year 3/14/2000 For Office Use Only RBC Dealer Transaction # Seller Name and Address DAUGHERTY HOMES, INC. 7103 S SHIELDS OKLAHOMA CITY, OK 73149 The words “I”, “me” and “my” refer to the Customer and Co-Customer signing this contract jointly and severally. The words “you” and “your” refer to the Seller (or Holder if this contract is assigned). ANNUAL PERCENTAGE RATE 10.15 % - The cost of my credit as a yearly rate. FINANCE CHARGE $ 149,143.20 - The dollar amount the credit will cost me. Amount Financed $ 67,836.00 - The amount of credit provided to me or on my behalf. Total of Payments $ 216,979.20 - The amount I will have paid after I have made all payments as scheduled. Total Sale Price $ 220,554.20 - The total cost of my purchase on credit, including my downpayment of $ 3,575.00 <table> <tr> <th>My payment schedule will be</th> <th>Number of Payments</th> <th>Amount of Payments</th> <th>When Payments Are Due</th> </tr> <tr> <td></td> <td>360</td> <td>$602.72</td> <td>Monthly, beginning 4-13-2000</td> </tr> </table> SECURITY - I am giving you a security interest in the commodity purchased in this transaction. ☐ If this box is checked, I am also giving you a mortgage or a deed of trust in the real estate described in the attached Exhibit A. LATE CHARGE - If a payment is more than 15 days late, I will pay you 5% of the late amount or $5.00, whichever is less. PREPAYMENT - ASSUMPTION - If I pay off early, I will not have to pay a penalty. Someone buying my commodity may, subject to conditions, be allowed to assume the remainder of the contract on the original terms. See the contract document for any additional information about nonpayment, default, and any required repayment in full before the scheduled date. Commodity and Equipment (Describe) I have today bought and received in satisfactory condition the commodity described below, including attachments, equipment, accessories and related services (referred to collectively in this contract as “commodity”), under the terms and provisions of this contract. <table> <tr> <th>New or Used</th> <th>Year and Make</th> <th>Series, Make or Trade Name<br>(Also No., if applicable)</th> <th>Description</th> </tr> <tr> <td>NEW</td> <td>1998 SCHULT</td> <td>MB</td> <td>68 X 28</td> </tr> </table> Identification No. (Serial or Motor No.) 284422A, 284422B State Registration No. Air Cond./Serial No. ___________________________ Dryer/Serial No. ___________________________ Washer/Serial No. ___________________________ Refrigerator/Serial No. ___________________________ Range/Serial No. ___________________________ Awnings ☐ Skirting ☐ Furniture ☐ Other (Describe) ___________________________ Will be kept at TEMPORARY DEFAULT PARK OKLAHOMA, OK County _______________________________________ State ________________________________________ Initial(s): Loy W/Fx Page 1 of 5 Itemization of Amount Financed 1. Cash Price $ 68,650.00 Cash Downpayment $ 3,575.00 Trade-in (Year, Make, Model) 0 a. Gross $ 0.00 b. Less Owing $ 0.00 Paid To ____________________________ c. Net Trade-in $ 0.00 2. Total Downpayment $ 3,575.00 3. Unpaid Balance of Cash Price (1 minus 2) $ 65,075.00 4. Other Charges a. Recording/Filing Fees $ 0.00 b. Taxes (Not included in Cash Price) $ 1,116.00 c. License Fees $ ________ Certif. of Title Fees $ 568.00 Regist. Fees $ ________ (Total) $ 568.00 d. Ins. on the Commodity $ 1,077.00 e. Personal Liability Ins. $ 0.00 f. Credit Life Insurance $ 0.00 g. Credit Accident & Health Ins. $ 0.00 h. Appraisal Fee $ 0.00 to ____________________________ i. Title Exam. Fee $ 0.00 to ____________________________ j. Title Ins. Premium $ 0.00 to ____________________________ k. Service Warranty Contract* $ 0.00 to ____________________________ Total Other Charges (a thru k) $ 2,761.00 5. Initial Balance (3 + 4) $ 67,836.00 6. Prepaid Finance Charges a. Paid in Cash $ 0.00 b. Financed $ 5,426.88 Total Prepaid Finance Charges (a + b) $ 5,426.88 7. Amount Financed (5 - 6a) $ 67,836.00 8. Principal Balance (6 + 7) $ 73,262.88 *You may be retaining a portion of these amounts. Date you start charging finance charge, if not the same as the date of this contract: ____________, ________. (If a date is filled in, it means that I have not yet received the commodity, but expect to receive it by that date.) Terms and Conditions Promise to Pay - I will pay you the above Principal Balance plus Interest at the Agreed Rate of Charge of 9.25% per year in accordance with the payment schedule set forth on page 1. Payments will be applied to accrued Interest before the unpaid Principal Balance. The final payment in all cases will be the unpaid Principal Balance plus accrued and unpaid Interest. Default - If I am more than 15 days late in paying an instalment, I will pay you a late charge equal to 5% of the unpaid amount of the instalment or $5, whichever is less. If you accept late payments or partial payments, that does not mean you will accept other late or partial payments. I am in default if I do not make any of my scheduled payments, or if I do not comply with any other requirements of this contract, or if bankruptcy or insolvency proceedings are brought by or against me. If I default, you may send me a notice giving me 30 days after the notice is sent to eliminate the default, but this notice does not have to be sent if, within the one-year period before the default occurred, I previously defaulted and you sent me a notice on two separate occasions. If I do not eliminate the default in the manner stated in the notice, then at the expiration of the 30 day notice period, at your option: (i) the unpaid Principal Balance and unpaid Interest which I owe will become due and payable, and (ii) you may repossess the commodity, and you can peaceably enter my premises to do so. If you are not required to send me a 30 day notice, then you can exercise these rights as soon as I am in default. If I default and you refer this contract to an attorney for collection and the amount financed was more than $3,300, I agree to pay your reasonable outside attorney's fees, not in excess of 15% of the amount I owe you. If I have not met the requirements of this contract, you may repossess the commodity and you can peaceably enter my premises to do so, and/or you can foreclose on any real estate mortgage or deed of trust I have given you. You have all the rights of a secured party under the Uniform Commercial Code. If you sell my commodity, you have a right to sell to a dealer. If you have to give me notice, 5 days is sufficient. The proceeds of the sale (minus attorney's fees and expenses of repossession, storage, repair and disposition) will be credited to my unpaid balance. If any money is left over after you have applied it to my obligation under this contract, it will be paid to me, but if any money is still owing, and the original cash price was more than $3,300, I agree to pay you the balance. Rebate for Prepayment - At any time, I have the right without penalty to pay this contract in full or to pay more than my schedule requires. If I pay in full ahead of schedule, I will not be required to pay any portion of the Finance Charge which you have not yet earned. The Finance Charge represents estimated total charges which will be deducted from monthly payments, based on application of the disclosed Annual Percentage Rate to the unpaid Amount Financed. Dishonored Instrument Charge - If I give you a check or other similar instrument for payment of any part of this transaction and the instrument is not paid or is dishonored by the institution on which it is drawn, I agree to pay you a fee of $10.00 for each return of the unpaid or dishonored instrument. Security Interest - You are granted a security interest under the Uniform Commercial Code in the commodity and all proceeds thereof and accessions thereto until I have paid the balance in full and completely satisfied all other requirements of this contract and any modifications to it. I assign to you any insurance proceeds relating to the commodity, including return or unearned premiums for application to the unpaid balance. I direct any insurer to pay you directly. In the event of default, you may cancel all insurance and credit any refund to the unpaid balance. I waive all marital rights, homestead exemption and all other exemptions relating to any property in which I have granted you a security interest. If disclosed on page 1 of this contract, I have also given a mortgage or deed of trust in the real estate described in Exhibit A to this contract and its proceeds as security for this contract. You agree to waive and disclaim any security interest in the real estate described in Exhibit A to this contract which may be created in your favor by operation of law in connection with this transaction including but not limited to materialman's liens, mechanic's liens, artisan's liens and vendor's liens as a result of goods and services provided in connection with this transaction. Total Sale Price - I had a choice of paying either the Cash Price or the Total Sale Price and chose the latter. Liens - Use of Commodity - Proceeds - Notices - I agree to keep the commodity free from all liens, and I won't move it from my address unless you agree in writing. I won't sell or give the commodity away, or rent it out, or use it illegally. You are entitled to any proceeds from the sale of the commodity, but this right does not waive any rights you have in the commodity and does not permit me to sell or transfer the commodity in violation of this contract. Any notices you send me are sufficient if sent to my address as shown on this contract. Taxes and Assessments - I will pay all taxes and assessments on the commodity as they become due. If I fail to pay any taxes or assessments on the commodity you may pay the taxes and assessments. I agree to refund to you any such taxes or assessments which you pay upon receipt of written demand together with interest thereon from the date of your payment at the highest rate permitted by law. You may, however, in lieu of making a demand for payment and in your sole discretion, add any amount you pay for taxes and assessments to bear interest at the Agreed Rate of Charge shown on page 2 to the unpaid Principal Balance in which event you may send me a revised schedule of monthly payments. Sales Other Than Consumer Credit Sales - As used in this contract, a consumer credit sale means a sale of goods, services, or both, to an individual, primarily for personal, family, or household purposes. If this sale is other than a consumer credit sale, I agree to settle all claims, set-offs and defenses against Seller directly with Seller, and not assert them against the holder of this contract. Assignment of Contract - Representations - Modifications - If you assign this contract to someone else, I understand that you will not act for the other party to receive payments or for any other purposes. No agreement, representation or warranty is binding on you unless included in this contract. No change in this agreement will be (Continued on next page) Initial(s): x cy.MF binding if it isn't in writing and signed by you and me. All of your rights are cumulative. If anything in this contract is not valid or consistent with law or regulations, it can be considered modified or deleted so that it complies. Required Insurance - I understand that I am responsible for any damage to the commodity, and I agree to buy insurance for the term of this contract covering the commodity against all damage. In addition, if I have given you a mortgage or deed of trust in my real estate, I will buy insurance in a form and amount satisfactory to you covering the real estate against risk of loss or damage for the duration of this contract. The insurance I obtain, which must be satisfactory to you, will contain a loss payable clause naming you or anyone to whom you assign this contract. If I do not buy insurance, or the insurance included in this contract is cancelled or cannot be obtained for any reason or if the insurance lapses during the term of the contract, I understand that you may, if you choose, obtain insurance protecting both or either of us, apply any premium refund to the premiums for such insurance, and add the premium less any premium refunds to the amounts I owe under this contract, which shall bear interest at the Agreed Rate of Charge shown on page 2 of this contract. Governing Law - This contract will be governed in all respects by the laws of the State of Oklahoma except as pre-empted by applicable federal law, including the Depository Institutions Deregulation and Monetary Control Act of 1980 and applicable regulations. Original and True Copies of this Contract - This contract may be signed and then multiple copies made thereof as necessary, but only the contract bearing original signatures shall be deemed the Original. No ownership interest in this contract or security interest in the commodity may be created other than through possession of the Original and, if applicable, a mortgage or deed of trust. Insurance Coverages No Coverages Included Except as Shown Below and Under Item 4 on Page 2. Manufactured Housing, Recreational Vehicle and Automobile ☐ $________ Deductible Comprehensive ☐ $________ Deductible Collision ☐ Fire and Theft ☐ Combined Additional Coverage ☐ Personal Effects Protection (except Automobile) ☐ Single Interest Property Insurance covering Holder's interest only, subject to policy terms. ☐ Other Insurance (Describe) _____________________________________ _____________________________________ Manufactured Housing Only ☐ Natural Disaster Protection ☐ Comprehensive Personal Liability Insurance ☐ Limit of Liability - Each Occurrence ☐ $25,000 ☐ $50,000 ☐ $____________________ Recreational Vehicle and Automobile Only ☐ Towing and Labor Costs ☐ Bodily Injury and Property Damage Liability ☐ Limit of Liability - Each Occurrence ☐ $25,000 ☐ $50,000 ☐ $____________________ For term of 12 months from the date hereof. Customer may choose to obtain the insurance described above through an existing policy owned or controlled by the customer or through a policy to be obtained and paid for by the customer. Total Premium for insurance coverages described above if obtained from or through Seller $ 1,077.00 Unless a Premium for Liability Insurance is Disclosed above: INSURANCE COVERAGES ABOVE DO NOT INSURE AGAINST LIABILITY FOR BODILY INJURY OR PROPERTY DAMAGE CAUSED TO OTHERS. If insurance on the commodity is not included herein, I will furnish copy of policy, with long form loss payable clause, purchased from: Agent's Name and Address: ____________________________________________ Name of Insurance Company: ____________________________________________ (Continued on next page) Initial(s): K.L.M.F. Page 4 of 5 Credit Insurance Election Credit Insurance is not required by Seller. The undersigned (check applicable boxes): [ ] Request(s) Credit Life Insurance on the life of the Customer who first signs below, the cost of which is shown in Item 4f in the Itemization of Amount Financed on page 2 for the term of ______ months. [ ] Request(s) Joint Credit Life Insurance on the lives of both Customers, the cost of which is shown in Item 4f on page 2 for the term of ______ months. [ ] Request(s) Credit Accident and Health Insurance on the Customer who first signs below, the cost of which is shown in Item 4g on page 2 for the term of ______ months. [ ] Do(es) not want any Credit Insurance. Customer's Signature to above statement Date Co-Customer's Signature to above statement Date Used Vehicle Notice: If this is a credit sale of a used motorized vehicle, other than a motorcycle, with a gross vehicle weight rating (GVWR) of less than 8,500 lbs., a curb weight of less than 6,000 lbs., and a frontal area of less than 46 sq. ft., then the following statements about the window form apply to this contract: The information you see on the window form for this vehicle is part of this contract. Information on the window form overrides any contrary provisions in the contract of sale. Disclaimer of Warranties: No warranties, express or implied, representations, promises or statements as to the condition, fitness or merchantability of the commodity have been made by you unless covered by a separate statement delivered to me. A statement as to year model is for identification only. No changes may be made in the requirements of this paragraph unless in writing and signed by you and me. If any part of this paragraph is not permitted by law, that part will be ineffective, but the remainder of the paragraph will remain in force. NOTICE: ANY HOLDER OF THIS CONSUMER CREDIT CONTRACT IS SUBJECT TO ALL CLAIMS AND DEFENSES WHICH THE DEBTOR COULD ASSERT AGAINST THE SELLER OF GOODS OR SERVICES OBTAINED PURSUANT HERETO OR WITH THE PROCEEDS HEREOF. RECOVERY HEREUNDER BY THE DEBTOR SHALL NOT EXCEED AMOUNTS PAID BY THE DEBTOR HEREUNDER. I acknowledge receipt of a true copy of this contract which was completely filled in prior to my signing it. CAROLYN V. FIELDS MCDONALD Customer Co-Customer This contract is accepted by the Seller and is assigned by the Seller under the terms of the assignment attached. By [signature] Date 3-14-2000 Signature of Seller Because the Seller has agreed to sell the commodity described on page 1 to the Customer, I agree to give the Seller a security interest in the commodity. I am not obligated to pay by signing below. Signature of Non-Obligor Spouse DAUGHERTY HOMES, INC. Name of Seller DEBTOR NAMES & ADDRESSES (Last Name First): McAlese-McDonald, Carolyn V. 5012 Royal Bridge Rd. OKLAHOMA CITY, OK 73135 SECURED PARTY NAME & ADDRESS: Daugharty Homes, Inc. 7103 S Shields OKLAHOMA CITY, OK 73149 OKLA. TAX COMMISSION USE ONLY MOTOR LICENSE AGENT USE ONLY DATE LEFT RECEIVED: 4-27-2000 TIME RECEIVED: 9:00 A.M. P.M. THIS LIEN ENTRY FORM COVERS THE FOLLOWING VEHICLE: ORIGINAL OKLAHOMA TITLE NO: Y28A422AB VEHICLE IDENTIFICATION NO (VIN): N/A MODEL YEAR: 1998 MAKE & MODEL: Schult Presidential BODY TYPE: Pontif. Town RECEIPT NUMBER: 001187230A7616 MOTOR LICENSE AGENT (Identification/Signature) JERRY OREY 7230 JR ASSIGNEE OF SECURED PARTY & ADDRESS The CIT Group PO Box 25249 Oklahoma City, OK 73125 Acct #38366787 DEAR CUSTOMER: We have released the lien on your vehicle described above, as of the "Release Effective Date" shown by my signature, and have advised the Oklahoma Tax Commission of this Release. To obtain a new Certificate of Title, with our lien omitted, please take this Release and your present Title to your local Motor License Agent. The Motor License Agent will issue a new Certificate of Title to you for which there will be a small fee. Please call if you should have any questions concerning this Release. REPRESENTING THE SECURED PARTY RELEASE EFFECTIVE DATE x ________________________ REPRESENTING THE SECURED PARTY ENCLOSURES CERTIFICATE OF TITLE APPLICATION FOR TITLE MANUFACTURER'S STATEMENT OF ORIGIN (MV SO) FEES SECURED PARTY/ASSIGNEE SIGNATURES DATE EXECUTED BY _______________