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DEFINITIONS: "We," "our," and "us" mean the issuer of this account to which the deceased party, immediately before death, was beneficially
<br /> ani "you'. and "your" mean the depositor(s). "Account" means the entitled by law belongs to the surviving spouse. If two or more parties
<br /> original certificate of deposit as well as the deposit it evidences. "Party" survive and none is the spouse of the decedent, the amount to which the
<br /> means a person who by the terms of the account, has a present right, deceased party, immediately before death, was beneficially entitled by law
<br /> subject to request,to payment from a multiple-party account. belongs to the surviving parties in equal shares.
<br /> Multiple-Party Account without Right of Survivorship-At death of
<br /> TRANSFER: "Transfer" means any change in ownership, withdrawal party, deceased party's ownership passes as part of deceased party's
<br /> rights, or survivorship rights, including (but not limited to) any pledge or estate.
<br /> assignment of this account as collateral. You cannot transfer this account Single-Party Account with POD (Pay-On-Death) Designation - At
<br /> without our written consent. death of party, ownership passes to POD beneficiaries and is not part of
<br /> party's estate.
<br /> PRIMARY AGREEMENT: You agree to keep your funds with us in this Multiple-Party Account with Right of Survivorship and POD
<br /> account until the maturity date. (An automatically renewable account (Pay-on-Death)Designation-At death of last surviving party, ownership
<br /> matures at regular intervals.) You may not transfer this account without passes to POD beneficiaries and is not part of last surviving party's estate.
<br /> first obtaining our written consent. You must present this certificate when
<br /> you request a withdrawal or a transfer. SET-OFF: You each agree that we may (without prior notice and when
<br /> This account is void if the deposit is made by any method requiring permitted by law) set off the funds in this account against any due and
<br /> collection(such as a check)and the deposit is not immediately collected in payable debt owed to us now or in the future, by any of you having the
<br /> full. If the deposit is made or payable in a foreign currency, the amount of right of withdrawal,to the extent of such person's or legal entity's right to
<br /> the deposit will be adjusted to reflect final exchange into U.S. dollars. withdraw. The amount subject to set-off is that proportion to which you
<br /> We may change any term of this agreement. Rules governing changes are or were immediately before your death, beneficially entitled, and in
<br /> in interest rates have been provided. For other changes we will give you the absence of proof of net contributions, to an equal share with all parties
<br /> reasonable notice in writing or by any other method permitted by law. having present rights of withdrawal. If the debt arises from a note, "any
<br /> If any notice is necessary, you all agree that the notice will be due and payable debt" includes the total amount of which we are entitled
<br /> sufficient if we mail it to the address listed on page one of this form. You to demand payment under the terms of the note at the time we set off,
<br /> must notify us of any change. 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 /> WITHDRAWALS AND TRANSFERS: Only those of you who sign the is an Individual Retirement Account or other tax-deferred retirement
<br /> permanent signature card may withdraw funds from this account. (In account, or(b)the debt is created by a consumer credit transaction under
<br /> appropriate cases, a court appointed representative, a beneficiary of a a credit card plan, or(c)the debtor's right of withdrawal arises only in a
<br /> trust or pay-on-death account whose right of withdrawal has matured,or a representative capacity. We will not be liable for the dishonor of any
<br /> newly appointed and authorized representative of a legal entity may also check when the dishonor occurs because we set off a debt against this
<br /> withdraw from this account.)The specific number of you who must agree account. You agree to hold us harmless from any claim arising as a result
<br /> to any withdrawal is written on page one in the section bearing the title of our exercise of our right of set-off.
<br /> " . . . Number of Endorsements . . . . " This means, for example, that if
<br /> two of you sign the signature card but only one endorsement is necessary BALANCE COMPUTATION METHOD: We use the daily balance
<br /> for withdrawal then either of you may request withdrawal of the entire method to calculate the interest on this account. This method applies a
<br /> account at any time. daily periodic rate to the principal in the account each day.
<br /> These same rules apply to define the names and the number of you
<br /> who can request our consent to a transfer. TRANSACTION LIMITATIONS: You cannot make additional deposits
<br /> to this account during a term (other than credited interest). You cannot
<br /> PLEDGES: Any pledge of this account(to which we have agreed), must withdraw principal from this account without our consent except on or
<br /> first be satisfied before the rights of any joint account survivor, after maturity. (For accounts that automatically renew, there is a ten day
<br /> pay-on-death beneficiary or trust account beneficiary become effective. grace period after each renewal date during which withdrawals are
<br /> For example, if one joint tenant pledges the account for payment of a debt permitted without penalty.)
<br /> and then dies,the surviving joint tenant's rights in this account are subject In certain circumstances such as the death or incompetence of an
<br /> first to the payment of the debt. owner of this account, federal regulations permit or, in some cases
<br /> require, the waiver of the early withdrawal penalty.
<br /> OWNERSHIP OF ACCOUNT AND BENEFICIARY
<br /> DESIGNATION: You intend these rules to apply to this account FOR ACCOUNTS THAT AUTOMATICALLY RENEW: Each
<br /> depending on the form of ownership and beneficiary designation, if any, renewal term will be the same as this original one, beginning on the
<br /> specified on page 1. We make no representations as to the appropriateness maturity date (unless we notify you, in writing, before a maturity date, of
<br /> or effect of the ownership and beneficiary designations, except as they a different term for renewal).
<br /> determine to whom we pay the account funds. You must notify us in writing before, or within a ten day grace period
<br /> Single-Party Account-Such an account is owned by one party. after, the maturity date if you do not want this account to automatically
<br /> Multiple-Party Account - Parties own account in proportion to net renew.
<br /> contributions unless there is clear and convincing evidence of a different Interest earned during one term that is not withdrawn during or
<br /> intent. immediately after that term is added to principal for the renewal term.
<br /> Trust Account Subject to Separate Agreement - We will abide by The rate for each renewal term will be determined by us on or just
<br /> the terms of any separate agreement which clearly pertains to this before the renewal date. You may call us on or shortly before the maturity
<br /> certificate and which you file with us. Any additional consistent terms date and we can tell you what the interest rate will be for the next renewal
<br /> stated on this form will also apply. 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 /> RIGHTS AT DEATH: for the renewal period.
<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 See your plan disclosure if this account is part of an IRA or Keogh.
<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 /> (page 2 of 2)
<br /> 0 1993 Bankers Systems,Inc.,St.Cloud,MN 11-800-397-23411 Form CD-AA-CO 5/6/96
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