|
Flnancl.11nsntuuon:
<br />Time Certificate of
<br />Coastel Community Bank, Everetl Mein
<br />2817 Cdby Avenue, P.O. Boz 12220, Everett, WA 9820�
<br />nxount Name: Waypoint PropeAies LLC
<br />1004016337
<br />SSwnN: 91-2068962
<br />1004016331 � oocober ��, 200� � ssao.00 � 12 Months � o�tober i�, 2002
<br />Rate Inlormation: This Account is en interesl bearing account. The interest rate peld o� the entire balence in ttie aceount rnll be 325% wNh
<br />an annufll parcentage yield of 3.30%. �
<br />The interest rate end ennual percentage yield will not chenge lor the tertn ol the accuunt. The intarest rete will be In ettect unhl October 17,
<br />2002. Interest bepins to eccrue on the business day you deposit noncesh items (lor exem�le, checks). Interest will be compounded monWy
<br />end will be credi�ed to ttie account rtanthly. Interest on your eccou�t will be credRed by edding the interest lo the principei. The annuel
<br />percentage yield assumes interest wiil remain on deposit unlil maturiry. A withdrewal w�7i reduce eaminps. '
<br />Balantt Inlormation: We use the tlaily balence metlwd to calculate Ihe interest on the account. This method appiies a dapy periodic rate lo
<br />the principe� in the eccount each day. We will use an inlerest accrual basis ol 3&5 (or each day in the year. You must meintsin a minimum
<br />belance ol E0.07 in the eccount each day to oblein the disclosed annual percentege yield.
<br />Llmibtlons: You must deposit 5500.00 to open this account. You msy not make edditionai deposRs Ento this account. You may rat deposR
<br />more than 599,999.99 to this account. You may rrot make withdrawals Irom your account until the meturiry dale.
<br />Time Aceount Informalion: Your account will mature on October 17, 2002. II you withdraw any ol the principel betore the meturily date, we
<br />mey hr�pose e penalry of 1B0 days simple interest. It the eccount is closed befwe interest is credited, you wiil not receNe the eccruad interest.
<br />This eccount will autometically renew. You will heve 10 ceiendar days eNer the rtaturity dele to withdrew funds without penelly.
<br />Account Feea: The following fees apply to Nis account: Legal Process Fee: 35.00; Account Reconcdiation: $20.00 per hour; Account Rating:
<br />570.00; Copy ol ttem: E5.00 each (Sefekeeping); Snepshot statement: 52.00 each; Abendoned Accounts: 56.00 Per Month; and Copy ot item
<br />t: $4.00 each (Non•Safakeepinp).
<br />NON TRANSFERABLE - NON NEGOTIABLE �m�� s�c�.�� Jnarn.
<br />FDIC �G.
<br />TIME DEPOSIT AGREEMENT - 12 - 17 MONTH TIME DEPOSIT
<br />We eppreciata your decision to open a time deposit account with us. This Agreement sets forth certain conditions, retes, and rules that are specific to
<br />your Account. Each signer ackrwwledges that the Accounl Holder named has placed on deposit with ihe Fnancial InstNution the Deposit Amount
<br />indicated, and has a reed to keep the funds on deposit until the Maturiry Date. As used in this Agreement, the words'you','your' or'yours' mean
<br />the Accounl Holder(s�, the word'Accounl' means this Time Oeposit Account end the word'Agreement' means this Time Deposit Agreemenl, end the
<br />words "we', 'us' entl 'our' moxn Me Financial Institution. This Account is eNective as of the Issue Date and is valid es of the dele we receiva credft
<br />for noncash items (such as checks drawn on other financial inshtutions) deposited to open the Account. Deposits of Iweign cunency will be
<br />converted lo U.S. funtls as of the date ol deposit and will be rellected es such on our records.
<br />ISSUE DATE. II you open a tima deposit account with us aNer 6:00 PM on a business day thal we are open, we will consider that Ihe transaction
<br />wes mede at the opening of the next business day lor issue date end eHective date purposes.
<br />INTEREST RATE. The interesl rete is the annual rate ol inlerest paid on the Account which dces not reBect compounding ('Interesl Rete'), and is
<br />besed upon the inlerest eccrual 6asis desc�ibed above.
<br />AUTOMATIC RENEWAL POLICY. Ii the Account will automaiically renew as described above, the principal artaunt and aIi peid eamed interest thet
<br />has not been withdrawn will automatically renew on each Malurity Date for an identical periaf ol time as the originai deposit term. Interest on
<br />renewed eccounts will be calculated at ihe inlerest rate then in aNect for time deposits of that Deposit Artaunt end term. If you wlsh to withdraw
<br />funtls from your Account, you must notity us during Ihe grace period afler lhe Waturity Date.
<br />EARLY WITMORAWAL PENALTV. You have agreed to keep the funds on deposit until the Malurity Date of your Account. Any withdrewal ol ell or
<br />�ra �ed theU�nalr� as suecified above wlll e�l uriry may result in en early withdrawal penalry. We wi�l consider requests for early wNMrawal and, if
<br />9 Pe N P PP Y•
<br />Mlnimum Required Penalty. If you withdraw money within siz (6) days efler the date ot deposit, the Minimum Repuired penalty is seven (7)
<br />days' simple interest on the withdrawn funds. I� partial early withdrawal(s) are permitted, we ere required to impose the Minimum Required Penalry
<br />on the artaunt(s) withdrawn within six (6) days aRer each partial wilhdrawai. The early withdrawel penalty may be rtwre lhan the Minimum Required
<br />Penalty. You pay the eady withdrawal penalry by lodeiting part ol the accrued imerest on the Account II your Account has not eamed errough
<br />inlerest, or i; the interest has been paid, we take the diflerence from the principal amounl ol your Account.
<br />Exceptlons. We may let you withdraw monoy irom your Account bebre the Maturiry Dale without an eady witharawal Iry: (t) when one
<br />or more of you dins or is detormined legally incompelenl by a court or other administrativa body oi competent jurisdiction; or (2 when the Account is
<br />an Individual Relirement Account (IRA) established in accordance with 26 USC 408 and the money is paid within seven (7 days atler the Account is
<br />opened; or (3) whon ihe Account is a Keogh Plan (Keoqh), il you forleit at Ieast the interest earned on the withdrawn fu�s; or (4) if Ihe Account is
<br />en IRA or e Keogh Plan established pursuanl to 26 USC 408 or 26 USC 401, when you reach age 59 1/2 or becoma disahled; or (5) within en
<br />applicabin grace peria! (il any).
<br />RIGHT OF SETOFF. Sub1'ect to applicabla law, we may exercise our right of setott or security interest ugainst,any and all ot your Accounls (except
<br />IRA, Keogh plan and Tmst Accounls) wilhout notice, lor any liability or dobt ol any ol you, whelher joint or indrvitlual, whether direcl or contingent,
<br />whether now or hereaftor ezisting, and whelher nrising from overdraFts, endorsements, guaranlaes, loans, attachments, gamishments, levies,
<br />attorneys' lees, or M�er obligations. If tho Account is a oint or mulliple�party account, each �oint or multiplo�paAy account holder avUqrizes us to
<br />exercise our right o' ,molf against cny and all Accounls o4 each Account Hddar.
<br />OTHER ACCOUM �aULES. The following rules also apply to the Account.
<br />Surrender ol Instrument. We rtay require you to endorsa antl surronder this Agreement to us when you wilhdraw funds, transler or close
<br />your Accounl. II you lose this Agreement, you agree to sign any aHidavit ol lost inslrument, or other Agreement we may require, and agree to hold us
<br />harmloss Imm liabiliry, prior to our honoring your withdrawal or request.
<br />Death ol Accounl Holder. Each Account Holder agrees to notity us immediately upon the death ol any olher Account Holder. Yau agree that
<br />we may hold ihe luntls in your Account until we have received all required documentation and mstructions.
<br />Indemnity. II you ask us to lollow instruclions that we believe might expose us to any claim, liabiliry or damages, we may refuse to follow your
<br />awn�rw �� ���ca c.......�r..�..,b,..e...� � rp+.w... .......w»rci.rmirc �c�ru
<br />� Page 1 ot 2
<br />Customer copy
<br />
|