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. <br />P 4 <br />10010947 <br />TRUTH IN SAVINGS DISCLOSURE <br />GRAND VALLEY NATIONAL BANK <br />925 N 7TH STREET <br />GRAND JUNCTION, CO 81501 <br />ACCOUNT TYPE: CD BUSINESS <br />INTEREST RATE (RATE): 2.47500 <br />ANNUAL PERCENTAGE YIELD (APY): <br />DEPOSIT TERM: 12 MONTHS <br />COMPOUNDING: MONTHLY <br />INTEREST CREDITED: MONTHLY <br />CREDITING ACCOUNT # 601164 <br />EARLY WITHDRAWAL PENALTY: 1/2 <br />INDEX: CD 12 MONTHS <br />°s <br />4/15/2002 <br />RECEIVED <br />APR l9 2002 <br />Sion of WOWS aad Ge y <br />T02 <br />2.50 % MARGIN: <br />MAX. PERIODIC CHANGE: <br />MAXIMUM INTEREST RATE: <br />MINIMUM INTEREST RATE: <br />OF TOTAL INTEREST <br />MATURITY DATE: 4/15/2003 <br />**** FIXED INTEREST RATE INFORMATION **** <br />This is a fixed rate time certificate. The interest rate and.APY stated <br />above are accurate as of the above date. If you would like more current <br />rate and yield information, call us at 970-241-4400. <br />The annual percentage yield assumes that interest remains on deposit until <br />maturity. A withdrawal of interest will reduce earnings. <br />**** FREQUENCY OF INTEREST RATE CHANGES **** <br />The interest rate and annual percentage yield may change at maturity. <br />**** PRIMARY AGREEMENT **** <br />You agree to keep your funds with us in this account until the maturity <br />date. (An automatically renewable account matures at regular intervals). <br />You may not transfer this account without first obtaining our written <br />consent. <br />This account is void if the deposit is made by any method requiring <br />collection (such as a check) and the deposit is not immediately collected <br />in full. If the deposit is made or payable in a foreign currency, the <br />amount of the deposit will be adjusted to reflect final exchange into U.S. <br />dollars. <br />We may change any term of this agreement. Rules governing changes in <br />interest rates have been provided. For other changes we will give you <br />reasonable notice in writing or by any other method permitted by law. <br />If any notice is necessary, you all agree that the notice will be <br />sufficient if we mail it to the address printed on the receipt. You must <br />notify us of any change. <br />**** COMPOUNDING AND CREDITING **** <br />Interest will be compounded and credited to your account each month. <br />**** MINIMUM BALANCE REQUIREMENTS **** <br />Certificate's of Deposit require $500.00 minimums. <br />The 9 month special requires a $5,000.00 minimum plus a checking account. <br />**** BALANCE COMPUTATION METHOD **** <br />We use the current daily balance method to calculate the interest on your <br />account. This method applies a periodic rate to the principal in the <br />BSIXXAP/TISDISC/AP0025/01