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Time Certificate af
<br />Flnaneid Inatkutlon: Coestel Cortvnuniry Benk, Everett Main
<br />2817 Colby Avenue, P.O. Boz 1i220, Everett, WA 98206
<br />pccount Name: Waypoint PropeRies LLC
<br />1004016923
<br />SSNmN: 91-2068962
<br />1004016323 I o�toter ��, 2ooi I s2,a�s.00 � 12 Months � octoter », 2002
<br />Rate Inform�do�c This A�rount is en interest bearinp account. The interest rale peid on the entire bnlance in tFw aaounl will ba 325% wiMi
<br />an ennual percentape yield oi 3.30°h.
<br />The interest rate end ennuai parcentage yieid wili rwt change lor the tertn of the eccount The interest rete wai be in etfect unl�� �':'�w,er 17,
<br />2002. Interest begins lo accrue on Ihe business day you tleposit norcash kems (for example, checks). Interesl will be compounded rtanthly
<br />arxl will be credited to ihe accounl rtanthly. Interest on your account will be credited by addinp Ne interest t.� the principel. The ennuel
<br />percenlage yieltl assumes interest will remain on deposlt until maturiry. A withdrawal will reduce eaminps.
<br />Bal�nce Informa'lon: We use the daily balance rtrethod to caiculate the interest on the accounL This method apqies e daily perbdic rete to
<br />the principel in the account each day. We will use an interest accrual basis of 365 for each day in the year. You m�st maiMain fl minimum
<br />balence ol $0.01 in tl;e account each day to obtein the disclosed annual percentepe yield.
<br />Llmitatlons: You must deposit 5500.00 to open this accou�t. You may not make additional deposfts into this eccount. 'fou mey nol deposN
<br />rtara than 599,999.9910 this account. You mey nol make withdrawe�s irom your eccount until Ihe maturity date.
<br />Time Aeeounl Informatlon: Your eccount will mature on October 17. 2002. If you withdraw eny ot the principal betore the malurity date, we
<br />may impose a penally oi 180 days simple interest. If the account is closetl before interest Is credited, you w01 not receF�� the accrued interest.
<br />This eccount will automaUcally renew. You will heve 10 caiendar days after the maturiry date to withdraw funds wfthout penel�}'.
<br />Aceount Fees: The tdlowing fces appiy to this account: Legal Process Fee: 35.00; Account Reconciiiation: S20.OU per hour; Account Ratmg:
<br />$10.00; Copy ot item: 55.00 each (Salekeepingj; Snapshot statement: $2.00 each; Abendonad Accounts: $6.00 Per MaVh; and Copy of item
<br />t: 54.00 each (Non•Safekeepinp). �
<br />Member
<br />NOtJ TRANSFERABLE - NON NEGOTIABLE FDIC
<br />InaLluLon Sipner
<br />TIME DEPOSIT AGREEMENT - 12 - 17 MONTH TIME DEPOSIT
<br />We appreciate your decision to open e time deposit eccount with us. This Agreemenl sets forth certain conditions, rates, and rules that are specilic to
<br />your Account. Each slgner acknowledges thet the Account Hdder named has placed on deposit wkh the Financisl Institulion ttie DeposN Ma�mt
<br />indicatetl, and has a reed to keep the (unds on deposit until the Maturiry Date. As used in this Agraement, ihe words 'you', 'your' or yours' meen
<br />the Account Holder(s�, the word'AccounP maans Ihis Time Deposit Accounl and the word'Agreement' means this Time Deposit Agreert�ent, entl the
<br />words'we', 'us' and 'our' mean the Financial Inslitution. This Account is eifective as ot the Issue Date end is valid es of fhe date we receive credit
<br />tor noncash items (such es checks drawn on other financial institulions) deposited to open tha Account. Deposits o1 toreipn currency will be
<br />converted lo U.S. lunds es of the date of deposit and will be reflected as such on our records.
<br />ISSUE DATE. If you open a time deposit account wKh us after 6:00 PM on e business day ihal we are open, we will consider that ihe transection
<br />was mede at Ihe opening ot the next business day for issue date and eNective date purposes.
<br />INTEREST RATE. The interest rate is the annual rate of inlerest paid on the Account which does not re0ect compounding ('Interest Rete'), end is
<br />based upon the inlerest accrual basis described above.
<br />AUTOMATC RENEWAL POLICY. II the Account will aummaticalry renew as described above, the principal amount and all peid eamed interesl that
<br />has not been withdrawn wiil autwnatically renew on each Maluriry Date for an identical period of time as lhe onginal deposit term. Inlerest on
<br />renewed accounts will be calculated al the interesl rate then in elfect br time deposits ol that Deposit Amount and term. II you w'rsh to withdraw
<br />lunds Irom your Account, you must nolity us during the grace periW aNer ihe Maturiry Dale.
<br />EARLY WRHDRAWAL PENALTY. You have agreed to kaep lhe funds on deposit until the Maturiry Date ol your Accounl. My witMrawal ol ell or
<br />part ol the funds irom your Accounl prior to maturiry may result in on early wilhdrawel penalty. We will consitler requasts lor early withdrawal and, if
<br />grented, ihe pena�ty as specilied above will apply.
<br />Mlnimum Requlred Penally. II you withdraw rtaney within six (6) days after the date ot deposit, the Minimum Required penalry is seven (7)
<br />days' simple interest on the wilhdrawn funds. II partial early withdrawal(s) are permitled,, we are requved to impose the Minimum Required Penalty
<br />on tha amount(s) withdrawn within six (6) days aRer each partial withdrewal. T�e early withdrawai penalry may be more than lhe Minimum Requiretl
<br />Penalty. 1'ou pay the early withdrawal penaity by lorfeiting part ol the eccrued inlerest on the Account. II your Accounl has nol eamed enough
<br />interest, or it Iho inlerest has beon paid, we take the diHerence trom the principal amount ol your Accounl.
<br />Exeeptions. We may let you withdraw mone� Iwm your Account hebre the Maturiry Dale wilhout an eady v.•ithdrawai peoalry: (7) wher ^^e
<br />or more ot you dios or is deiermined legally incompe ant by a court or other administrative bcdy of competent jurisdiction; or (2) when ihe Account <
<br />an Indivitlual Relirement Account (IRA) established in accordance with 26 USC 408 .ind the money is paid within seven (7) days efler the Account �;
<br />opened; or (3) when tho Account is a Keogh Plan (Keogh), il you forleit at least the inleresl eamed on the withdrawn funds; or (4) il tha Accounl i;
<br />an IRA or a Keogh Plan esWblished pursuant to 26 USC 408 or 26 USC 401, when you reach age 59 1/2 or become disabled; or (5) within an
<br />applicable grace period (d any).
<br />RIGFfT OF SETOFF. SubI'ect to applicable law, we may ezorcise our right of setoN or securiry interesl against any and all of your Accounts (excepl
<br />IRA, Keogh plan and Trust Accounis) without notice, lor any liability or debi ot any ol you, whether jo'inl or indrvidual, whether tlirect or contingern,
<br />whother now or hereatter ezisting, and whether arising,from overdraRs, endorsements, guarantees, loans, atlachments, �emishments, Iewes,
<br />anorneys' fees, or olher obligations. II the Accounl is a�oint or mullipie•parry account, each �oint or multiple-party account holder authorizes us to
<br />exercise our nght ol sotofl against eny and all Accounis o each Account Holder.
<br />OTHER ACCOUNT RULES. The following rules also apply to the Account.
<br />Surrendcr of Instrument. We may requiro you to endorse and surrender this Agrepmenl to us when you withdraw funds, transler or close
<br />your Account. II you lose lhis Agreement, you agree to sic�n any aNidavit ol lost insirument, or olher Agreement we may require, and agree to hold us
<br />harmless Irom Ilabitiry, prior to our hononng your �vnhdrawal or request.
<br />Death ol Account Holder. Each Accounl Holder agrees to notily us immediately upon the death ol any othar Account Hdder. You agree that
<br />we may hold the funds in your Account until we have received all required da:umontation and instructions.
<br />Indemnitv. 11 vou ask us to lollow instructions ihat we beliove might ezpose us to any claim, Iiabiiily or damapes, we mey refuse to Idlow your
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<br />Customer copy
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