The Classic Bank of Neoxian: daily contracts: 2018-08-04

This post contains three contracts.

The Bank of Neoxian shall loan an amount of steem equal to 500 usd to Hive account@rehan12. The amount shall be 428 steem at steem price of $1.17. He promises to repay an amount of steem and/or SBD equal to 540 usd. He shall pay an amount of steem and/or SBD equal to 50 usd every 15 days until 540 usd is reached. (40 usd on the last week.) The first payment shall be on Aug. 19th, 2018.

The website coinmarketcap.com shall be used to determine the price of Steem and SBD for purposes of repayment.

Hive account@rehan12 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.
Owner key(s) will be returned upon successful completion of loan.

The Bank of Neoxian shall loan the sum of 360 steem to Hive account@sthitaprajna. He promises to repay 400 steem. He shall pay 40 steem per week until 400 steem is reached. The date of first payment shall be Aug 27th, 2018.

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

The Bank of Neoxian shall loan the sum of 250 steem to Hive account@thereikiforest. She promises to repay 275 steem. She shall pay 20 steem per week until 275 steem is reached. (15 steem the last week). The first payment shall be on Aug 26th, 2018.

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

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(pic from https://stmed.net)