2010-11-02_REVISION - M1985029 ‎(7)‎

• Permit No: M1985029
• IBM Index Class Name: REVISION
• Doc Date: 11/2/2010
• Doc Name: SO Approval
• From: DRMS
• To: Ducommun Business Trust
• Type & Sequence: SO3
• Media Type: D
• Archive: No

UUCUMMUN BU51NLSS
LTD.
This Certificate ASSIGNED TO S T A T E OF C O L O R A D O /MINED , L A N D Certificate Number
Evidences A SSN/TIN
R E C L A M A T I O N 1 3 1 3 S H E R M A N STREET R M 215
Deposit In The
Name(s) Of: DENVER, CO 8 0 2 0 3 Account
P D P A# 010 O O n Q 0 51 d1
- Date September 24, 2003
In The Amount Of Thirty three thousand and no/100* * * * * * * * * dollars $ 33, 000.00
ACCOUNT TYPE AND TERMS - Only the boxes that are checked and the lines that are filled in apply.
'Perm (Initial) 24 mpnths ? Additions permitted in a minimum amount of $
Maturity Date (First) 09/24/2005 Mixed Rate ? Min. Balance Req. $
Interest Rate (Initial) 2.500 % ? Variable Rate: Initial Index Rate % Maximum Rate %
Compounded daily Minimum Rate % First Adjustment Date
Interest Calculated actual /365 Adjustment Frequency
No. Endorsements Required for Withdrawal 1 Rate Formula
? Single Maturity .Automatically Renewable
Interest Paid Mnthly WELD COUNTY BANK
(a) ? By 370 JUSTIN AVE.
(b) XXBy Deposit To Acct. ,NCO 80651970) 785-2000
DEFINITIONS: "We" and "us" means the financial institution. "You" and
,,your" means the depositor(s). "Certificate" means both this original instrument
as well as the deposit it shows. This certificate (and the account it represents)
may not be transferred or assigned without our prior written consent and is not
negotiable.
VARIABLE INTEREST RATE: Your deposit will earn interest at the initial
interest rate stated on this certificate to the first adjustment date. Then, and on
each succeeding adjustment date, the rate this certificate will earn is subject to be
increased or decreased according to the formula described on this certificate. The
rate will remain the same between interest adjustment dates.
If the "first adjustment date" is phrased in terms of "index change" this means
the first adjustment date and the rate adjustment frequency after the first
adjustment date are not regularly scheduled. In this case, the rate this certificate
will earn will be adjusted any time the "index" changes.
The interest rate we will pay on this certificate will not, however, be greater
than the stated maximum rate (if any) or be less than the stated minimum rate (if
any) regardless of changes in the index rate.
COMPOUNDING: The compounding frequency and interest calculation method
will not change during the term of the certificate, regardless of adjustments to the
interest rate, until we give reasonable notice to you of such change.
ADDITIONS: If we permit you to make any additions, they will only be
permitted in an amount equal to, or greater than, the minimum amount indicated.
The making of additions to this certificate will not extend the maturity of all, or
any portion, of the funds on deposit. Additions will earn interest from the date of
deposit, and will mature at the same time as the first deposit. No additions may
be made within days of the final maturity date.
SINGLE MATURITY: If the single maturity box is checked, the depositor
should present this certificate promptly at maturity for payment.
Interest ? will ? will not accrue after maturity.
AUTOMATIC RENEWALS: If the automatic renewal box is checked, this
certificate will be automatically renewed after the stated maturity date stated for
successive terms, each equal to the original term. The interest rate will be the
same we offer on new certificates on the maturity date which have the same term,
minimum balance (if any) and other features as this original certificate. The
depositor may call us on or shortly before the maturity date and we will tell the
depositor what the interest rate will be for the next renewal term.
The automatic renewal of this certificate may be prevented if one of the
following things happens:
(1) This certificate is personally presented for payment on a maturity date or
within 10 days after the maturity date; or
(2) We receive written notice from the depositor before a maturity date of
their intention to cash in this certificate.
YOUR DEPOSIT IM WILL ? WILL NOT EARN INTEREST AFTER
FINAL MATURITY.
Endorsements (Sign only when requesting withdrawal):
x
x
NOTICE OF PENALTY FOR EARLY WITHDRAWAL
Except as mentioned below, you cannot withdraw any principal from this
account before a maturity date without our consent and we will charge a penalty.
We can only consent to an early withdrawal at the time you request it. The
penalty will be an amount equal to:
? the greatest of: (1) all of the interest earned on the amount withdrawn
from the most recent date of deposit or last renewal, (2) all the interest
that could have been earned on the amount withdrawn during a period
equal to one-half of the maturity period, or (3) seven days' interest on the
amount withdrawn.
? one month's interest on the amount withdrawn.
? three months' interest on the amount withdrawn.
•Z$ 60 DAY PENALTY
We will charge the penalty first against any interest then in the account, and any
excess will be deducted from the amount you withdraw.
FIXED RATE TIME DEPOSITS: For a fixed rate time deposit we will use the
nominal (simple interest) rate in effect to calculate the amount of the applicable
penalty.
VARIABLE RATE TIME DEPOSIT: For any time deposit which earns a rate
that may vary from time to time during the term, the interest rate we will use to
calculate this interest forfeiture will be:
? average (weighted for time) of the simple interest rates earned on this
certificate up to the date of withdrawal;
? simple interest rate in effect on the date that this account is opened; or,
? the simple interest rate in effect on the date of early withdrawal.
Minimum Balance Account: If we require a minimum balance on this account,
we may treat any withdrawal that reduces the balance below such minimum as a
withdrawal of the entire balance and calculate the penalty accordingly.
EXCEPTIONS: Federal regulations permit, or in some cases require, the
waiver of the early withdrawal penalty if:
(1) any account owner dies or is declared incompetent, or
(2) this is an I.R.A. or Keogh account and you are at least 591/2 years of
age or disabled at the time of the withdrawal request, or
(3) this is an I.R.A. or Keogh account and the request for withdrawal is
made within seven days of establishing the account. (The penalty in such
case will be all interest earned on the amount withdrawn.)
© 1982, 1990 Bankers Systems, Inc., St. Cloud, MN (1-800-397-2341) Form VFRCD-LAZ 7/22194
VARIABLE/FIXED RATE TIME CERTIFICATE OF DEPOSIT (page 1 of 11
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