|
ime Certificate of Deposit
<br />Financial Institution: First National Bank of the Rockies, First National Bank of the Rockies--Meeker Office
<br />P. O. Box 600, 504 Main Street, Meeker, CO 81641-0600 217
<br />Account Name: D'AUN MANGUS AND LATONNE MANGUS AS ASSIGNED TO THE SsNmN: 524-84-3403
<br />STATE OF COLORADO/MINED LAND RECLAMATION BOARD
<br />PUBLIC FUNDS PDPA #010004005101
<br />Account Number Issue Date Deposit Amount Term Maturity Date
<br />031235874 June 1, 2000 $4,000.00 5 Years June 1, 2005
<br />Rate Information: This account is an interest bearing account. The interest rate on the account is 6.06°k with an annual percentage yield of
<br />6.25°h.
<br />The interest rate and annual percentage yield will not change for the term of the account The interest rate will be in effect until June 1, 200.5.
<br />Interest begins to accrue on the business day you deposit noncash items (tor example, checks). Interest will be credited annually to your
<br />account#819727.
<br />Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to
<br />the principal in the account each day. We will use an interest accrual basis of 365 for each day in the year.
<br />Limitations: You must deposk $1,000.00 to open this account. You may not make additional deposits into this account. You may not make
<br />withdrawals from your account until the maturity date.
<br />Time Account Information: Your account will mature on June 1, 2005. If you withdraw any of the principal betore the maturity date we may
<br />impose a penalty of thirty (30) days interest for certificates with a tens of three-hundred•sizty-siz (366) days or less and ninety (90) days interest
<br />ter certHicetes with a term of over three-hundred-sixty-six (369) days based on the amount wNhdrewn. 'the annual percentage yield assumes
<br />interest compounds daily and will remain on deposit until maturity. A withdrawal will reduce earnings. This account will automatically renew.
<br />You will have ten (10) days after the maturity date to withdraw funds without penalty.
<br />Account Fees: The fallowing fee applies to this account: Research /Balancing: $20. r Hour (One Ho Mini ).
<br /> Member sipnawre en4 rn h zee n°ancfali iwion ~ r
<br />NON TRANSFERABLE -NON NEGOTIABLE FDIC
<br />TIME CERTIFICATE OF DEPOSIT - TK--S Year Certificate of Deposit
<br />We appreciate your decision to open a time certificate of de sit account with us. This Agreement sets forth certain conditions, rates, and rules that
<br />are specific to your Account. Each signer acknowledges tphat the Account Holder named has placed on deposit with the Financial Institution the
<br />Deposit Amount indicated, and has agreed to keep the funds on deposit until the Maturity Date. As used in this Agreement, the words "you", "yyour" or
<br />yours' mean the Account Holder(s), the word "Account" means this Time Deposit Agreement Account and the word "Agreement' means mis Time
<br />Certificate of Deposit Agreement, and the words `we", "us" and "our' mean the Financial Institution. This Account is effective as of the Issue Date and
<br />is valid as of the date we receive credit for noncash items (such as checks drawn on other financial institutions) deposited to open the Account.
<br />Deposks of foreign currency will be converted to U.S. funds as of the date of deposit and will be reflected as such on our records.
<br />ISSUE DATE. If you open a time certificate of deposit account with us after 2:00 PM on a business day that we are open, we will consider that the
<br />transaction was made at the opening of the next business day for issue date and effective date purposes.
<br />INTEREST RATE. The interest rate is the annual rate of interest paid on the Account which does not reflect compounding ("Interest Rate"), and is
<br />based upon the interest accrual basis described above.
<br />AUTOMATIC RENEWAL POLICY- It the Account will automatically renew as described above, the principal amount and sA paid earned interest that
<br />has not been withdrawn will automatically renew on each Matur'Ry Date for an identical period of time as the original deposit term. Interest on
<br />renewed accounts will be calculated at the interest rate then in effect for time deposits of that Deposit Amount and term. If you wish to withdraw
<br />funds from your Account, you must notify us during the grace period after the Maturity Date.
<br />FJIRLY WITHDRAWAL PENALTY. You have agreed to keep the funds on deposit until the Maturity Date of your Account. An withdrawal of all or
<br />~antefd~theunenalro as suecrfied above will e~lunty may result to an early witlldrawal penalty. We will consider requests for early withdrawal and, tl
<br />9 P ry P PP Y•
<br />Minimum Required Penalty. if you withdraw money within six (6) days after the date of deposit, the Minimum Required Penalty is seven (7)
<br />days' simple interest on the withdrawn funds. If partial early withdrawal(s)-are permitted, we are required to impose the Minimum Required Penalty
<br />on the amount(s) withdrawn within six (6) days after each partial wtdtdrawal. The eany wP,hdrawal penalty inay be more than the Minimun: Required
<br />Penalty. You pay the eady withdrawal penalty by fodeiting part of the accrued interest on the Account. If your Account has not earned enough
<br />interest, or rf the interest has been paid, we take the difference from the principal amount of your Account.
<br />Exceptions. We ma let you withdraw money from your Account before the Maturity Date without an early withdrawal enalty: (1) when one
<br />or more of you dies or is deyermined le ally incompetent by a court or other administrative body of competentjurisdiction; or (2 when the Account is
<br />an Individual Retirement A count (IRA) establised in accordance with 26 USC 408 and the money is paid within seven (7) days after the Account is
<br />opened; or (3) when the Account Is a Keogh Plan (Keo ))rf you forfeit at least the interest earned on the withdrawn funds; or (4 if the Account is
<br />an IRA or a Keogh Plan established pursuant to 26 USL~408 or 26 USC 401, when you reach age age 59 t/2 or become disabled; or (5) within an
<br />applicable grace period (if any).
<br />RIGHT OF SETOFF. Subject to applicable law, we may exercise our right of setoff or security interest against any and all of your Accounts (except
<br />IRA, Keogh plan arid Trust Accounts) without notice, for any liability or debt of any of you, whether joint or individual, whether direct or contingent,
<br />whether now w hereafter existing, and whether arising From overdrafts, endorsements, guarantees, loans, attachments, garnishments, levees,
<br />attorneys' fees, or other obligations. If the account is a joint or multiple-party account, each joint or multiplB-party account holder authorizes us to
<br />exercise our right of setoN against any and all Accounts of each account holder.
<br />OTHER ACCOUNT RULES. The following rules also apply to the Account.
<br />Surrender of Instrument We may require you to endorse and surrender this Agreement to us when you withdraw funds, transfer or close
<br />your Account. ff you lose this Agreement, you agree to sign any affidavit of lost instrument, or other Agreement we may require, and agree to hold us
<br />harmless from liability, prior to our honoring your wahdrawal or request.
<br />Death of Account Holder. Each Account Holder agrees to notify us immediately upon the death of any other Account Holder. You agree that
<br />we may hold the funds in your Account until we have received all required documentation and instructions.
<br />Indemnity. if you ask us to follow instructions twat we believe might expose us to any claim, liability or damages, we may refuse to follow your
<br />instructions or may requre a bond or other protection, including your agreement to indemnify us,
<br />LEPMITPN. Rq, 119. RI diY. MF.. V-F.OY iCi~ CFI RDMrvkY. bn .VI WyW wry CO. VL°
<br />
|