The Bank of Neoxian shall loan an amount of SBD equal to 350 usd to @rhondak. The amount is 369 SBD. She promises to repay 385 usd. She shall pay an amount of steem and/or SBD equal to 48.125 usd per week until 385 usd is reached. (Eight payments anticipated.) The first payment shall be on Sept. 19th, 2018.
The website coinmarketcap.com shall be used to determine the price of Steem and SBD for purposes of repayment.
@rhondak 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 loaned value.
Owner key(s) will be returned upon successful completion of loan.
Please sign below...
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