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<br />TERMS AND CONDITIONS
<br />YOU HAVE AGREED BY OPENING THIS ACCOUNT TO KEEP THESE FUNDS UPON DEPOSIT UNTIL THE DUE DATE REFLECTED ON ,HE FRONT AND
<br />FOR THE FULL MATURITY OF ANY SUBSEQUENT RENEWALS, UNDER GOVERNMENT REGULATIONS YOUR DEPOSIT MAY NOT BE WITHDRAWN
<br />PRIOR TO MATURITY, EXCEPT WITH OUR CONSENT WHICH MAY BE GIVEN ONLY AT THE TIME SUCH REOUEST IS MADE. A SUBSTANTIAL
<br />PENALTY 15 REQUIRED IF WE GRANT YOUR REQUEST FOR EARLY WITHDRAWAL,
<br />DEPOSITORS NOTICE OF PENALTY FOR PA','MENT OF TIME DEPOSITS BEFORE MATURITY
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<br />B.nklng Regul.Uon, Require The Following Inlormlltlon COnCerning Your Accounl:
<br />1. THIS DEPOSIT MAY NOT BE WITHDRAWN IN WHOLE OR IN PART PRIOR TO MATURITY WITHOUT THE CONSENT OF THE BANK
<br />EXCEPT WHERE THE DEPOSITOR HAS DIED OR HAS BEEN JUDICIALLY DECLARED MENTALLY INCOMPETENT. IN THE CASE OF THE
<br />DEPOSITOR'S DEATH OR MENTAL INCOMPETENCY, THIS BANK WILL HONOR A REQUEST fOR WITHDRAWAL PRIOR TO MATURITY
<br />WITHOUT PENAL TY.IN ALL OTHER CASES WITHDRAWAL PRIOR TO MATURITY WILL BE PERMITTED ONLY WITH THE CONSENT OF THE
<br />BANK WHICH MAY BE GIVEN ONLY AT THE TIME WITHDRAWAL IS SOUGHT,
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<br />SINGLE MATURITY: Presentlhis certihcate promplly al maturity lor paymenl as it Is not automatically renewable and no interest will accrue
<br />aller the maturity date shown.
<br />AUTOMATIC RENEWAl: This certillcate matures on maturIty date stated above, but will automatically be renewed lor successive lerma, each
<br />equatto the orJglnallerm, unless and until One 01 the lollowing condihonsoccurs: 1) this certificate is personally prefiented lor payment on a
<br />maturity date or WIthin ten days thereafler; 2)thl! bank receives written notice Irom a deposllor betore a maturity date of the depositor's
<br />intention to redeem thIs cer1iflcale; J) not less than 7 days before a malurlty dale this bank malls to depositor written nollce 01 Its Intenl.on 10
<br />redeem this cortlllcate on a maturity date.
<br />WITHDRAWAL OF DEPOSIT - AUTOMATIC RENEWAL: The depOSit evidenced by this Cer1illcate may be withdrawn at its maturity date. II such
<br />deposit is not so withdrawn within ten (10) days alter the lirst maturlty date or wllhln len (10/ days after the maturlly date of any succeeding
<br />matuflly period and no other arrangements have been entered into by Depositor, the certl icate is automatlcally renewed lor succeedmg
<br />maturity periods of the same length 01 time 85 the initial malurlly, at an Interest rate at least equal 10 the rate being paid by the bank at that
<br />lime on new certllicates 01 equal maturlly and within lhe Umitattons, II any, Imposed by ledorallaw, Interest shalf cease at maturily,
<br />JOINT CERTIFICATES: When Iwo or more persons are named as Depositors on this Cer1llicate with the conjuncllon "or" appearing between
<br />names, then such Certificale shall be payable to any or the survivor or survivors 01 them (ir permitted by applicable law) and payment may be
<br />made upon surrender ollhis CerUllcate to any 01 them during the lifetime 01 all, or toany survivor or survivors afler lhedoalh 01 one or more 01
<br />them, When the conjunchon "and" appear& between namos, tho Certillcate Shall be payable onlr upon lhe signatures of all Depositors nam,
<br />00. Nollce 01 amendmenl or repeat may be sent as hereinafter provided. For this purpose all 0 such persons hereby Irrovocably designate
<br />each of the others as his or her aUorney.ln,lactto act upon his or her behalf In ekerclslng any of such fights,
<br />TRUST/PAYABLE ON DEATH ACCOUNT; Except as varied by a trust agreement, Will, or some other document, statue or regulation, whIch lakes
<br />precedence over Ihis Agreement; (11 the Customer opening such an aCCOUnt may wllhdraw all or any pori ion 01 the account balance during his
<br />or her Iilellme and (2)a named beneliclary whO does not s(gn this Agreement acquires the right to withdraw Irom this account only il and when
<br />he or she survives the settlor ollhe trusl and (3) if more than one beneficiary shall be valid unless ellecuted in a form prescribed by Instilutlon,
<br />The beneliclary(les) may be required to provide cerlaln legal documenls to Institution belore dlstrlbulton 01 the account balance,
<br />INABIUTY TO WITHDRAW: Under certain clrcum!;tances the Bank may reluse 10 perml! a withdrawal from the Certificate. For example, this
<br />aClion may be laken II Depositor altempts a withdrawal prior to maturity or without giving sullicient notice, or II the Certificate must be
<br />restrained due to Ihe servlceollega! papers, or adispute arises as to the ownership 01 the Certificate, or II Deposilor owes money 10 the Bank
<br />which Is not repaid on time.
<br />NOTICES AND PAYMENTS: Notices and payments shall be sent by ordinary mall to the last known address 01 any named Depositor, Notices so
<br />sent shall constitute lull and sulflclent nolice to any and all.
<br />RIGHT TO SET-OFF: Customer and Authorlzoo Persons acknowledge and agree that this InsUtulion may, al any lime, charge or scl-oH agamst
<br />all or any part ollhe deposit on thIs account (except where such deposit clearly and only arises In a representative capacltYllor any ar\d all
<br />Debts or obligations owing by the Customer to Ihis Flnanciallnstltutlon,
<br />FEDERAL LAW: This Certificate Is Issued subjecl to and regulated by all applicable provIsions 01 present and future federal laws and
<br />regulations,
<br />ASSIGNMENT AND TRANSFER: This Cerlllicale and any right hereunder may not be transferred or assigned wllhout lhe written consent of
<br />Bank. This Certllicate Is translerable only on the books 01 Bank, In which event a new Certlllcate will be Issued to Ihe transleree hereol.
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<br />cEaltiCl)~21l1,t.l
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<br />Colorado East Bank & Trust _
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<br />HQlly, Gran'da, umar, Sp,ingl,eld Colo,ado
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