One year after date (24 pay periods), for value received, I promise to pay to the order of the Southern
Utah University Faculty & Staff Advance Fund, $1,000 with an advance service fee of $44. If the same shall not be paid in full
and becomes delinquent, I the undersigned hereby agree that this instrument shall create a lien on my wages
earned as an employee of Southern Utah University. I further order and authorize the Payroll Office at Southern
Utah University to deduct from my final working paycheck, payment of the balance of this note, should I leave the
employ of Southern Utah University for any reason. I also do hereby waive any and all objection to the capacity of
the Institution to sue or turn my account over to a private collection agency for collection if necessary.

I understand that if I prepay, or repay the advance early, there is no penalty. I hereby state that I have read, understand,
and agree to the terms and conditions of the Faculty & Staff Advance.

Terms & Conditions

1. The borrower understands he/she must have completed his/her 6-month probationary period to be eligible for a Faculty & Staff advance.
2. Advance service fee of $44.00 applies to all advances. There is no penalty for early repayment.
3. The maximum advance amount outstanding at any one time is $1,000.00.
4. If the borrower leaves the employment of Southern Utah University, the note becomes due and payable. The borrower agrees to repay any remaining balance of the advance from his/her final paycheck. If this is not sufficient to payoff the remaining balance, the borrower is expected to pay the remainder to the Cashier's Office on that same date.
5. If the borrower claims bankruptcy and has a Faculty/Staff Advance SUU will stop further payroll deduction. Borrower is responsible to notify Accounts Receivable in that event. If the borrower gets the bankruptcy discharged he/she will still be responsible for the advance.
6. These terms and conditions are a part of the promissory note signed at the time of receiving the advance. Failure to abide by the terms and conditions of the advance shall require immediate repayment of the advance balance.
7. Should you pay the note to the full term, you will pay a total of $1,044.00
8. Borrower understands that it will take up to 5 business days from the time a complete promissory note is received for funds to be disbursed, and the payroll deduction will commence the upcoming paycheck after disbursement.

I hereby authorize the deduction of ${payrollDeduction}, semi-monthly from my paycheck commencing with salaries paid {deductionStart}.