C150044 Paid in Full Contract

• Contract/PO #: C150044
• Contractor Name: Riverside Reservoir & Land Company
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

Date '9/7/v0 Term: 1 YR D:ID: Number: 27377
Opened:
Certificate of Deposit Account Number:
27377
Amount of
Deposit TWENTY THREE THOUSAND FOUR HUNDRED TWENTY ONE DOLLARS AND 19/100--- $ 23,421.19
This Time Deposit is Issued to: Issuer:
RIVERSIDE RESERVOIR & LAND COIN FijiLL&k. , ,„„„,,,j,,aa„,,,
PO BOX 455
FORT MORGAN CO 80701-0455 FORT MORGAN,COLORADO 80701
Not Negotiable-Not Transferable-Additional terms are below. � _ - - • - •
1
Additional Terms and Disclosure
Definitions: "We," "our," and"us" mean the issuer of this account Transaction Limitations:
and "you" and "your" mean the depositor(s). "Account" means the ®No Additions:You cannot make additional deposits to this
original certificate of deposit as well as the deposit it evidences. account during a term(other than credited interest).
Transfer: "Transfer" means any change in ownership, withdrawal ❑Additional Deposits are Permitted: You can make
rights, or survivorship rights, including (but not limited to) any additional deposits to this account during a term(except no
pledge or assignment of this account as collateral. You cannot additions can be made in the 7 day period before any
transfer this account without our written consent.
maturity date).Additions will earn interest from the date of
This Form: This bottom part of the form (below the perforation) deposit and will not change the maturity date of this account.
contains additional terms for your time deposit. It is also the Truth-
in-Savings disclosure for those depositors entitled to one.You should ❑Minimum Addition: The minimum additional
keep this bottom part if you deliver the top to us for payment or deposit to this account is$ •
someone else for any other reason. ❑Maximum Addition: The maximum amount you can
Maturity Date: This account matures 9/7/01 add to this account during a term is$ .
Withdrawal Limitations: You cannot withdraw principal from this
•
(See below for renewal information.) account without our consent except on or after maturity. (For
accounts that automatically renew, there is a ten day grace period
❑ We may accelerate the maturity or call this account, at our after each renewal date during which withdrawals are permitted
option, . without penalty.)
Rate Information:The interest rate for this account is 6.05 %. Interest accrued during a term can be withdrawn:
We will pay this rate TO MATTTRITY WITH NO PENALTY .
Interest earned during one term that is not withdrawn during or
• immediately after that term is added to principal for the renewal term.
The annual percentage yield for this account is 6.19 %. Early Withdrawal Penalty: If we consent to a request for a
❑Variable Rate: The interest rate and annual percentage withdrawal that is otherwise not permitted you may have to pay a
yield may change. Beginning It penalty.The penalty will be an amount equal to:
the interest rate wil • �1I interest on the amount withdrawn.
❑determined at , • ❑For variable rate accounts,this penalty will be calculated
❑ using:
the following (index) ❑the rate in effect at the time of the withdrawal.
ra SI I # ❑the initial rate for the term.
It ❑the average (weighted for time) of the rates paid
during the term.
❑the highest rate that accrued during the term.
The interest rate can change as often as
In certain circumstances such as the death or incompetence of an
•
❑Maximum Rate: The interest rate will not be greater than owner of this account,the law permits,or in some cases requires,the
waiver of the early withdrawal penalty.
%. I See your plan disclosure if this account is part of an IRA or Keogh.
❑Minimum Rate: The interest rate will not be less than Renewal Policy:
%. ❑ Single Maturity: If checked,this account will not automatically
Interest will be compounded QTLY . renew.Interest ❑will ❑will not accrue after final maturity.
Interest will be credited QTLY XE Automatic Renewal:If checked,this account will automatically
renew on the maturity date. Each renewal term will be the same as this original one, beginning on the maturity date (unless we
Interest begins to accrue on the business day you deposit any nonbash notify you in writing,before a maturity date, of a different term
item(for example,a check). for renewal or unless we have indicated otherwise below).
The annual percentage yield assumes that interest remains on ❑Different Term for Renewal: Each renewal term will be
deposit until maturity. A withdrawal of interest will reduce , beginning
earnings. on the maturity date (unless we notify you in writing,
❑ If you close your account before interest is credited,you will not before a maturity date,of a different term for renewal).
receive the accrued interest. You must notify us in writing before or within a ten day grace
Minimum Balance Requirement: You must make a minir*ium period after the maturity date if you do not want this certificate to
deposit to open this account of$ 500.00 I automatically renew.
•
❑ You must maintain this minimum balance on a daily basis to learn If this account is not automatically renewed interest ❑ will
the annual percentage yield disclosed. 1g will not accrue after final maturity.
Balance Computation Method:We use the daily balance method to We will determine the rate that will be effective on renewal on
calculate the interest on this account. This method applies a daily or just before the renewal date.On accounts with terms of longer
periodic rate to the principal in the account each day. 1 than one month we will remind you in advance of the renewal
and tell you when the rate will be known for the renewal period.
©Bankers Systems,Inc.,St.Cloud,MN(1-800-397-2341) Form CDV-TIS-S 2/17/95 ZJ (page 1 of 1)