The Bank of Neoxian shall loan the sum of 2500 steem to . He promises to repay 2760 steem. He shall pay via automated powerdowns to the bank (which are already ongoing).
The Bank retains the Steem account of and shall return it when this loan is complete.
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, or if it is necessary to powerdown to pay the loan, then the full powerdown should go to the bank.
The Lendee agrees this contract remains valid regardless of any flags this contract post might receive.
Please sign below...
(pic from the movie Dune)