The Tiphares Bank of Neoxian: daily contracts: 2018-12-02

neoxian (70)in #bank • 7 years ago (edited)

This post contains three contracts.

The Bank of Neoxian shall loan the sum of 300 steem to @madlenfox. He promises to repay 330 steem. He shall pay 110 steem per month until 330 steem is reached (three months expected). The first payment shall be Jan. 2nd, 2019.

The Bank retains the Owner key of @madlenfox and shall return it when this loan is complete.

@madlenfox shall hereafter be known as the lendee…
The lendee agrees that if the Bank decides to change the active key(s) and keep them private, this does not constitute of breach of contract.
Lendee also consents to Bank changing the trustee if the Bank so chooses.
The Lendee promises not to power down the account(s) to the point where the collateral would be less than the owed value.
The Lendee agrees this contract remains valid regardless of any flags this contract post might receive.

Note: this contract will supercede our previous one here:

https://steemit.com/bank/@neoxian/the-chichen-itza-bank-of-neoxian-daily-contracts-12-01-2018

The Bank of Neoxian shall loan the sum of 710 steem to @brothermic. He promises to repay 781 steem. He shall pay 200 steem per week until 781 steem is reached (181 steem on the last one.) The first payment shall be on Dec. 10th, 2018.

@brothermic shall hereafter be known as the lendee…
To insure payment of this loan, the lendee promises to hand over their Owner key(s) to the bank. The bank will give back new active and posting keys to the lendee. The lendee affirms that the owner key(s) are given voluntarily and their account(s) are not stolen. They promise not to initiate the Stolen account recovery procedure.
The lendee agrees that if the Bank decides to change the active key(s) and keep them private, this does not constitute of breach of contract.
Lendee also consents to Bank changing the trustee if the Bank so chooses.
The Lendee promises not to power down the account(s) to the point where the collateral would be less than the owed value.
Owner key(s) will be returned upon successful completion of loan.

Also note that the Bank paid 355 steem for the previous loan and shall only pay another 355 steem for this new version of the loan. 355 + 355 = 710 steem.

The Bank of Neoxian shall loan the sum of 190 usd to @the01crow. He promises to repay 230 usd in 13 weeks time.

There shall be a penalty of 4 usd for each week late.

The money amounts are in terms of USD, but are transacted in Steem, SBD, or other crypto. The website coinmarketcap.com shall be used to determine the prices for purposes of payment.

@the01crow shall offer up the following Steem Monster cards as collater: