|
<br />.'
<br />
<br />.
<br />
<br />, 'l
<br />,I
<br />(','
<br />
<br />\
<br />
<br />.'
<br />
<br />).
<br />
<br />",'. c,\'
<br />
<br />".:
<br />
<br />.
<br />
<br />,'-',:'
<br />
<br />-. ""'.,,
<br />
<br />.
<br />
<br />....
<br />
<br />.~ .
<br />
<br />TERMS AND CONDITIONS
<br />
<br />'~
<br />
<br />YOU HAVE AGREED BY OPENING THIS ACCOUNTTO KEEP THESE FUNDS UPON DEPOSIT UNTil THE DUE DATE REFLECTED ON THE FRONT ANC>FOR
<br />THE FUll MATURITY OF ANY SUBSEQUENT RENEWALS. UNDER GOVERNMENT REGULATIONS YOUR DEPOSIT MAY NOT BE WITHDRAWN PRIOR TO
<br />MATURITY, EXCEPT WITH OUR CONSENT WHICH MAYBE GIVEN ONLY ATTHETIMESUCH REQUEST IS MADE, ASUBSTANTIAl PENALTY IS REQUIRED
<br />IFWEGRANTYQUR REQUEST FOR EARL YWITHDRAWAL. .
<br />
<br />DEPOSITORS NOTICEOF PENAL TV FOR PAYMENT OFTIME DEPOSITS BEFORE MA TURITV
<br />
<br />Banking Regulations Require The Following Informalion Concerning Your Account:
<br />
<br />1. THIS DEPOSIT MAY NOT BE WITHDRAWN IN WHOLE OR IN PART PRIOR TO MATURITY WITHOUT THE CONSENT OF THE BANK EXCEPT WHERE THE
<br />DEPOSITOR HAS DIED OR HAS BEEN JUDICIAllY DECLARED MENTAllY INCOMPETENT. IN THE CASE OF THE DEPOSITOR'S DEATH OR MENTAL
<br />INCOMPETENCY, THIS BANK Will HONOR A REQUEST FOR WITHDRAWAL PRIOR TO MATURITY WITHOUT PENALTY. IN All OTHER CASES WITHDRAWAL
<br />PRIOR TO MATURITY Will BEPERMITTEDONl YWITHTHECONSENTOFTHE BANK WHICH MAY BE GIVEN ONLY ATTHETI.MEWITHD~AWAlISSOUG.HT. ..'
<br />
<br />. 2,IFTHE BANK CONSENTS TO WITHDRAWAL BEFORE MATURITY AT THE TIME THE REQUEST IS MADE, THE FOLLOWING PENALTY WILL BE ASSESSED ON
<br />THEAMOUNTWITHDRAWN: .
<br />
<br />Whsrs a time deposit with an original maturity of more than one yeer. or anyportion thereof, is paid before maturity. a depositorshall forfeit an amount at least
<br />8qual to three months of ;ntsrsst Bamed, or that could have been earned on the amount withdrawn at the nominal (simple intsf8st) rate being paid on the deposit.
<br />rsgardlessofthslsngth oft/me the funds withdrawn havsremainlKJon deposit.
<br />
<br />Whereatlme deposit with an original maturity 0132 days or more to one year, or any portion thsf8of,lspaidbeforsmaturity, a depositorshaJlforfeit an amountat
<br />Isast equal to ons month ofintsrsstsamed, or that could haYs bssn eamsd. on the amount withdrawn at the nominal (simple interest) rate being paid on the deposit.
<br />regardless of the length ofUme the funds withdrawn haveremainsd on deposit.. .. ..
<br />
<br />For time deposits with an original schedule maturity of 7~1 days. the minimum penalty is fO.rfsiture of an Intere5t actusJly earned on the amount withdrawn from the.
<br />most reesnt of the date of deposit, date of renewal, or date notice was given; howBvsr. in no eventshall the early withdr.a.walpenalty belsss than ssven (7) days
<br />simplelnt8r8ston ths certiHcats amount. Where necessary to complywfth this requirement. principal reduction or Interest already paid toorfor the account
<br />of the depositor shall be deducted from the amount to be withdrawn. The bank will provide you with more Information 8S to when a time deposit may be, ;"
<br />paid belore maturity without Imposing the p~nalty disclosed above atthe time a wlthdnlwBI request olan or any portion olthe time deposit Is made. .. ,.~ 1 ;".~,:;-
<br />
<br />--NOTE:-Bank maywa/v8!li;;,;'s,r.l/yoril.1l.).olKeogh-accounts/flheDepos/torlsillf,jasi'5Ii'l2y9iUS07Bg;'"~lSa6fidiittii,,-uiii8orWlriiifriiwiilisqu..r: -~ - . '--.
<br />
<br />WITHDRAWAL OF DEPOSIT ...., AUTOMATIC RENEWAL: The deposilevldenced by Ihls Cartificale may be wIlhdrawn at Its maturity date. II such deposit Is nol so. .'
<br />withdrawn wIlhln len (10) daysaf1erlhe first maturity date or within len (1 0) days anerlhe maturity date 01 any succeeding maturity period and no olherarrangernants.-'
<br />have been entered Into by Depositor, the Certificate Is automatically renewed for succeeding maturity periods of the same length of Ume as the InlUal maturlly, at art ,. _
<br />Inlerest rate at leasl equal to tha rate being paid by the Bankatlhalllme on new certificates 01 equal maturity and wllhln the limitations, II any,lmposadby federal law. '
<br />Interestshallceaseatmaturity.. _ .
<br />
<br />JOINT CERTIFICATES: When two or more persons are named as Deposllors on this Certificate with the conjunction .0.... appearing between names, then'such
<br />Certificate shaD be payable to any or the survivor or survivors of them <If permitted by applicable law) and payment may be made upon surrender of this Certificate to
<br />any of them during the lifetime of all, or to any survivor or survivors after the death 0 one or more of them. When the conjunction -and" appears between names, the
<br />Cartilicate shall be payable only upon Ihe signatures of all Depositors named. Nollca 01 amendmenl or repeal may be sant as herelnalterprovldad. For this purpose,
<br />all of such persons hereby irrevocably designate each of the others as his or her attorney.ln.fact to act upon his or herbehalfln exercising any of such rights. '.' -.
<br />
<br />TRUST/PAYABLE ON DEATH ACCOUNT: Except as varied by a trustagraement, Will, or some olherdocument, statute orregulallon, which Iakesprecedenca over
<br />this Agreement; (1) the Customer opening such an account may withdraw all or any portion of the account balance during his or her. lifetime and (2) a named
<br />beneficiary who does not sign this Agreement acqulras the right to withdraw Irom this account only II and when he or she survives Ihe salllorollha trust and (3) II more
<br />than one beneficiary shall be valid unless executed In a fonn prescribed by Instllullon. The benenclary(Ies) may be required to provide certain legal documents to
<br />Institution baforadistrlbullon ollhaaccountbatance.. ., '.'.' . .. . .' '.' '.' .
<br />
<br />INABilITY TO WITHDRAW: Under certain clicumstances the Bank may refusa to permit a withdrawal from the Certlficate.'Forexampla, lhisaCtlon maybe taken If
<br />Depositor attempts a wilhdrawal prior to maturity or withoul giving sufficient notice, or if lhe Certificate must be restrained due to the service of legal papers"or a
<br />dispute arises as to the ownership of the Certificate, or if Depositor owes money to the Bank which Is not repaid on time. '\. ' ..
<br />
<br />NOTICES AND PAYMENTS: Nolices and payments shall be sent by ordinary mall to the last known address of any named.Depositor. Notices so sent shall constitute
<br />full and sufficient notice to any and all. .
<br />
<br />AIGHTTO SET.OFF: Customer and Authorized Persons aCknOWledge and agree that this Institution may, at any time, charge or set-off against all or any part of the
<br />deposit on this account (except where such deposit clearly and only arises in a representative capacity) for any and all debts or obligations owing by the Customer to
<br />this Financial Institution. - . . ,. .
<br />
<br />FEDERAL LAW: This Certificate is issued subject 10 and regulatedby all applicable provisions of present and future federal laws and regulations.
<br />
<br />ASSIGNMENT A~DTRANSFER: This Certificate and any right hereunder may not be transferred or assigned without the written consent of Bank. This Certificate is
<br />transferable only on the books of Bank. in which event a new Certificate will be issued to the transferee hereof.
<br />.
<br />
<br />.
<br />
<br />CGraycoBankPtOducts.lnc.
<br />
<br />UPFXDPNT&C (5.!l3)
<br />
|