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ime Certificate of Deposit
<br />Financial Institution: Rocky Mountain Bank and Trust, Florence
<br />101 East Main, P.O. Box 579, Florence, CO 81226
<br />Account Name: Walter Pope "assigned to" State of Colorado/Mined Land Reclamation SSNfrIN: 521-38-4371765
<br />Board
<br />Account Number Issue Date Deposit Amount
<br />2765 Term Maturity Date
<br />September 9, 1995 $5,000.00 36 Months September 9, 1998
<br />Rate Information: This account is an interest bearing account. The interest rate on the account is 5.13% with an annual percentage yield of
<br />5.23%.
<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 September 9,
<br />1998. Interest begins to accrue on the business day you deposit noncash items (for example, checks). Interest will be credited quarterly to your
<br />account #117560.
<br />Salance 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 deposit $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 September 9, 1998. If you withdraw any of the principal before the maturity date we
<br />may impose a penalty of FORFEIT AN AMOUNT AT LEAST EQUAL TO THREE MONTHS OF INTEREST EARNED, OR THAT COULD HAVE
<br />BEEN EARNED ON THE AMOUNT WITHDRAWN AT THE NOMINAL (SIMPLE INTEREST) RATE BEING PAID ON THE DEPOSIT, REGARDLESS
<br />OF THE LENGTH OF TIME THE FUNDS WITHDRAWN HAVE REMAINED ON DEPOSIT. If the account is closed before interest is credited, you
<br />will not receive the accrued interest. The annual percentage yield assumes interest compounds quarterly and will remain on deposit until
<br />maturity. A withdrawal will reduce earnings. This account will automatically renew. You will have 10 DAYS after the maturity date to withdraw
<br />funds without penalty.
<br />NOT TRANSFERABLE - NON NEGOTIABLE I Signature and Title of ,Ized Financial Institution Signer
<br />1 57
<br />TIME CERTIFICATE?& DEPOSIT
<br />We appreciate your decision to open a time certificate of deposit account with us. This Agreement sets forth certain conditions, rates, and rules that
<br />^"Dyyep s t Amouto our nt ndi Account Each
<br />has agreedrto keep the fundshontdepositountil the) Matungi Date BSAsI placed on Iwords !'yout,fi Institution the
<br />Certificateeof Deposit Ag eemelnt en)d the wordsn we u s" andr"our' mean thepFlnancialenstltutien cThis Acoount serffec lt9e 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 />Deposits 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 3:00 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. If the Account will automatically renew as described above, the principal amount and all paid earned interest that
<br />has not accounts withdrawn be clalculated tat the interest rate thenint effectt Date for time deposis of that period Deposit Amount an
<br />renewed d termdeifppy you term.
<br />funds from your Account, you must notify us during the grace period after the Maturity Date.
<br />wish to withdraw
<br />EARLY WITHDRAWAL PENALTY. You have agreed to keep the funds on deposit until the Maturity Date of your Account. Any withdrawal of all or
<br />part of the funds from your Account prior to maturity may result in an early withdrawal penalty. We will consider requests for early withdrawal and, if
<br />granted, the penalty as specified above will apply.
<br />Minimum Required Penalty. If you withdraw money within six (6() days after the date of deposit, the Minimum Required Penalty is seven (l7)
<br />on the mount(s) withdrawn the within siixn(6) days aft per each partial withdrawsal. Theeearly withdre are awalrpenaltyd may be more el Minimum
<br />he Mnemulm equirred
<br />Penalty. You pay the early withdrawal penalty by forfeiting part of the accrued interest on the Account. If your Account has not earned enough
<br />interest, or if the interest has been paid, we take the difference from the principal amount of your Account.
<br />Exceptions. We may 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 determined legally incompetent by a court or other administrative body of competent jurisdiction; or 2 e )
<br />an Individual Retirement Account (IRA) establised in accordance with 26 USC 408 and the money is paid within seven (7) days when he Account is the Account an IRA or or Keogh Plan established
<br /> pursuant of 26(USC 408for 26fUSC 401,, when you re ch age age 59 withdrawn if the within an
<br />applicable grace period (if any).
<br />RIGHT OF SETOFF. Subject to applicable law, we may exercise our right of setoff or securi ttyy interest against any and all of your Accounts (except
<br />IRA, Keogh plan and Trust Accounts) without notice, for any liability or debt of any of you, wfiether joint or individual, whether direct or contingent,
<br />whether now or hereafter existing, and whether arising from overdrafts, endorsements, guarantees, loans, attachments garnishments, levies,
<br />attorneys' fees, or other obligations. If the account is a joint or multiple-party account, each joint or multiple-party account Molder authorizes us to
<br />exercise our right of setoff against any and all Accounts of each account holder.
<br />OTHER ACCOUNT RILES. The following rules also apply to the Account. u to endorse and Surrender cc unttl If y ut ose this Agreement, t you ag agree to sign any affidavit of lost nstrume
<br /> t,o other Ag us when we umay rrequire and agree to hold us er or se
<br />harmless from liability, prior to our honoring your withdrawal 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 that we believe might expose us to any claim, liability or damages, we may refuse to follow your
<br />instructions or may require a bond or other protection, including your agreement to indemnify us.
<br />of
<br />DEPOSIT PRO, R90. U.S. PSI. 5 T.M. OFF., Vv. 8.04c (c) 1095 OR ProServicof, Inc. All RigMf Rd,srvao. CO - 1760
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