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<br />DEFINITIONS: "We," "our," and "us" mean the issuer of this account
<br />and "you" and "your" mean the depositor(s). "Account" means the
<br />original certificate of deposit as well as the deposit it evidences. "Party"
<br />means a person who by the terms of the account, has a present right,
<br />subject to request, to payment from a multiple-party account.
<br />
<br />TRANSFER: "Transfer" means any change in ownership, wj~drawal
<br />rights, or survivorship rights, including (but not limited to) any pledge or
<br />assignment of this account as collateral. You cannot transfer this account
<br />without our written consent.
<br />
<br />PRIMARY AGREEMENT: You agree to keep your funds with us in this
<br />account until the maturity date. (An automatically renewable account
<br />matures at regular intervals.) You may not transfer this account without
<br />first obtaining our written consent. You must present this certificate when
<br />you request a withdrawal or a transfer.
<br />This account is void if the deposit is made by any method requiring
<br />collection (such as a check) and the deposit is not immediately collected in
<br />full. If the deposit is made or payable in a foreign currency, the amount of
<br />the deposit will be adjusted to reflect final exchange into U.S. dollars.
<br />We may change any term of this agreement. Rules governing changes
<br />in interest rates have been provided. For other changes we will give you
<br />reasonable notice in writing or by any other method permitted by law.
<br />If any notice is necessary, you all agree that the notice will be
<br />sufficient if we mail it to the address listed on page one of this form. You
<br />must notify us of any change.
<br />
<br />WITHDRAWALS AND TRANSFERS: Only those of you who sign the
<br />permanent signature card may withdraw funds from this account. (In
<br />appropriate cases, a court appointed representative, a beneficiary of a
<br />trust or pay-on-death account whose right of withdrawal has matured, or a
<br />newly appointed and authorized representative of a legal entity may also
<br />withdraw from this account.) The specific number of you who must agree
<br />to any withdrawal is written on page one in the section bearing the title
<br />" . . . Number of Endorsements . . . . " This means, for example, that if
<br />two of you sign the signature card but only one endorsement is necessary
<br />for withdrawal then either of you may request withdrawal of the entire
<br />account at any time.
<br />These same rules apply to derme the names and the number of you
<br />who can request our consent to a transfer.
<br />
<br />PLEDGES: Any pledge of this account (to which we have agreed), must
<br />first be satisfied before the rights of any joint account survivor,
<br />pay-on-death beneficiary or trust account beneficiary become effective.
<br />For example, if one joint tenant pledges the account for payment of a debt
<br />and then dies, the surviving joint tenant's rights in this account are subject
<br />first to the payment of the debt.
<br />
<br />OWNERSIDP OF ACCOUNT AND BENEFICIARY
<br />DESIGNATION: You intend these rules to apply to this account
<br />depending on the form of ownership and beneficiary designation, if any,
<br />specified on page 1. We make no representations as to the appropriateness
<br />or effect of the ownership and beneficiary designations, except as they
<br />determine to whom we pay the account funds.
<br />Single-Party Account - Such an account is owned by one party.
<br />Multiple-Party Account - Parties own account in proportion to net
<br />contributions unless there is clear and convincing evidence of a different
<br />intent.
<br />Trust Account Subject to Separate Agreement - We will abide by
<br />the terms of any separate agreement which clearly pertains to this
<br />certificate and which you file with us. Any additional consistent terms
<br />stated on this form will also apply.
<br />
<br />RIGHTS AT DEATH:
<br />Single-Party Account - At death of party, ownership passes as part of
<br />party's estate.
<br />Multiple-Party Account with Right of Survivorship - At death of
<br />party, ownership passes to surviving parties. If two or more parties
<br />survive and one is the surviving spouse of the deceased party, the amount
<br />
<br />1!l1993 Bankers Systems, Inc., St. Cloud, MN (1-BOO-397-2341) Form CD-AA-CO 5/6/96
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<br />to which the deceased party, immediately before death, was beneficially
<br />entitled by law belongs to the surviving spouse. If t'!o or mOre parties
<br />survive and none is the spouse of the decedent,. the amount to which !he
<br />deceased party, immediately before death, was beneficiaily entitled by law
<br />belongs to the surviving parties in equal shares.
<br />Multiple-Party Account without Right of Survivorship - At death of
<br />party, deceased party's ownership passes as part of deceased party's
<br />estate.
<br />Single-Party Account with POD (pay-On-Death) Designation - At
<br />death of party, ownership passes to POD beneficiaries and is not part of
<br />party's estate.
<br />Multiple-Party Account with Right of Survivorship and POD
<br />(pay-on-Death) Designation - At death of last surviving party, ownership
<br />passes to POD beneficiaries and is not part of last surviving party's estate.
<br />
<br />SET-OFF: You each agree that we may (without prior notice and when
<br />permitted by law) set off the funds in this account against any due and
<br />payable debt owed to us now or in the future, by any of you having the
<br />right of withdrawal, to the extent of such person's or legal entity's right to
<br />withdraw. The amount subject to set-off is that proportion to which you
<br />are or were immediately before your death, beneficially entitled, and in
<br />the absence of proof of net contributions, to an equal share with all parties
<br />having present rights of withdrawal. If the debt arises from a note, "any
<br />due and payable debt" includes the total amount of which we are entitled
<br />to demand payment under the terms of the note at the time we set off,
<br />including any balance the due date for which we properly accelerate
<br />under the note. This right of set-off does not apply to this account if: (a) it
<br />is an Individual Retirement Account or other tax-deferred retirement
<br />account, or (b) the debt is created by a consumer credit transaction under
<br />a credit card plan, or (c) the debtor's right of withdrawal arises only in a
<br />representative capacity . We will not be liable for the dishonor of any
<br />check when the dishonor occurs because we set off a debt against this
<br />account. You agree to hold us harmless from any claim arising as a result
<br />of our exercise of our right of set-off.
<br />
<br />BALANCE COMPUTATION METHOD: We use the daily balance
<br />method to calculate the interest on this account. This method applies a
<br />daily periodic rate to the principal in the account each day.
<br />
<br />TRANSACTION LIMITATIONS: You cannot make additional deposits
<br />to this account during a term (other than credited interest). You cannot
<br />withdraw principal from this account without our consent except on or
<br />after maturity. (For accounts that automatically renew, there is a ten day
<br />grace period after each renewal date during which withdrawals are
<br />permitted without penalty.)
<br />In certain circumstances such as the death or incompetence of an
<br />owner of this account, federal regulations permit or, in some cases
<br />require, the waiver of the early withdrawal penalty.
<br />
<br />FOR ACCOUNTS THAT AUTOMATICALLY RENEW: Each
<br />renewal term will be the same as this original one, beginning on the
<br />maturity date (unless we notify you, in writing, before a maturity date, of
<br />a different term for renewal).
<br />You must notify us in writing before, or within a ten day grace period
<br />after, the maturity date if you do not want this account to automatically
<br />renew.
<br />Interest earned during one term that is not withdrawn during or
<br />immediately after that term is added to principal for the renewal term.
<br />The rate for each renewal term will be determined by us on or just
<br />before the renewal date. You may call us on or shortly before the maturity
<br />date and we can tell you what the interest rate will be for the next renewal
<br />term. On accounts with terms of longer than one month we will remind
<br />you in advance of the renewal and tell you when the rate will be known
<br />for the renewal period.
<br />
<br />See your plan disclosure if this account is part of an IRA or Keogh.
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<br />(page 2 of 2)
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