Common use of Recurring Payment Clause in Contracts

Recurring Payment. You may schedule payments to Payees to be automatically initiated for a fixed amount on a scheduled payment frequency. Choose the option next to the Payee that says Make it Recurring to schedule your recurring payment. You may make payments weekly, biweekly, semi-monthly, monthly, quarterly, semi-annually, or annually. If the Scheduled Payment Date does not exist in a certain month, then the payment will be initiated on the last Business Day of the month. For example, if you schedule a payment for the 30th of each month, your payment for the month of February will be initiated on or before the last day of February. When establishing a recurring payment, you may elect to choose for the payment to Pay Before or Pay After a scheduled date that falls on a holiday or weekend. • When we receive a Payment Instruction, you authorize us to debit your Payment Account and remit funds to the Payee on your behalf. Before an electronic payment is processed, available funds will be verified and withdrawn from your account. Bill Payments will be attempted at the established Cutoff Times depending on when the payment was established. If the payment cannot be processed due to insufficient funds, Bill Pay will attempt to pay the bill for three business days. An email will be generated when the payment cannot be processed due to insufficient funds. If the payment cannot be paid at the end of the three business days, the payment will be automatically canceled, and you will be required to set up the payment again. You will receive an email notification if a Bill Payment has been canceled due to insufficient funds. • We can process a Bill Payment when the Scheduled Payment Date has been scheduled prior to the established Cutoff Times on any Business Day. If you schedule a Bill Pay after the established Cutoff Times, we will process the transaction on our next business day. If you schedule a Bill Payment for a future date, we will process the transaction on that date, if that day is a business day. If the date you request for a future Bill Pay is not a business day, we will process the transaction based on the Pay Before or Pay After designation you selected. If you schedule a recurring Bill Pay and the transfer date does not exist in a month, the Bill Pay will be processed on the last business day of that month. • Bill Payments will be processed at established Cutoff Times on business days. It is anticipated that most transactions will be processed by the next Business Day after your Scheduled Payment Date and arrive approximately 3-7 Business Days after your selected Scheduled Payment Date. Due to circumstances beyond our control, particularly delays in handling and posting payments by slow responding Payees or financial institutions, some transactions may take a day or even a few days longer to be credited by your Payee to your account. For this reason, it is necessary that all Scheduled Payment Dates selected by you be no less than seven (7) Business Days before the xxxx's actual due date if paid by check and three (3) Business Days before the bill's actual due date if paid by electronic funds transfer, not the late date and/or a date in the grace period. Payment instructions entered after the Cutoff Time or on non-Business days will be considered entered in Bill Pay on the next Business Day. For Recurring Payments, this means that you must allow additional time for months in which weekends or holidays reduce the number of Business Days between the Recurring Payment date and the bill's actual due date. In any other event, including, but not limited to, choosing a Scheduled Payment Date less than seven (7) Business Days before the bill's actual due date if paid by check and three (3) Business Days before the bill's actual due date if paid by electronic funds transfer, the risk of incurring and the responsibility for paying and all late charges or penalties shall be borne by you. • The system will calculate the Estimated Arrival Date of your payment. This is only an estimate, so please allow ample time for your payments to reach your Payees. • Sufficient Time for Payments is Necessary. Payments should be scheduled to allow sufficient time for mailing or electronic processing. Suggested scheduling for an ELECTRONIC PAYMENT is to allow three business days from when the payment is processed. Suggested scheduling for a CHECK payment is to allow 5 to 7 business days (checks are not locally processed) from when the payment is processed. We are not responsible for postal delays or processing delays by the payee for any payment made through Bill Pay. • You understand that our authorized agents and we will use reasonable efforts to ensure payments reach payees on time but cannot guarantee the time a payment will be received and/or posted by a Payee. Our authorized agents and we will use reasonable effort in assisting you with the reversal of any service fee or late charge that is related to a payment processing error. We and our authorized agents will not be responsible for any loss or penalty that may be incurred due to lack of sufficient funds or other conditions that may prevent the withdrawal of funds from your account. • Rejection of Payment. Payments may be rejected, returned, or sent to an incorrect address due to incorrect payee data. If a payment is rejected, you will receive a phone call from the Bank (due to invalid account number or invalid payee mailing address for example). 1. You will see all pending payments in the Pending section of the Payments screen prior to the Scheduled Payment Date. A bill payment is a Pending Payment starting from the time you enter Payment Instructions until the payment is processed. Once payments are processed, they can be seen on the History screen. A bill payment is processed starting at the Cutoff Time on the Scheduled Payment Date. 2. Once your scheduled bill payment is Processed, we will relay your payment information to a third-party processor, who in turn will remit payment to your payee by one of the following means, at the vendor's sole discretion: (1) electronic payment; (2) by mailing your Payee a check drawn on your Payment Account. Electronic payments will be withdrawn from your account on the Scheduled Payment Date. Payments by check will be withdrawn from your account when the check is presented to the bank for payment from your account. 3. By utilizing Bill Payment, you agree that we reserve the right to obtain financial information regarding your account from a Payee to resolve payment-posting problems. • Stop Payment of a Bill Payment, Check, or Electronic Transaction - You have the right to stop or change any scheduled bill payment. However, you must cancel a payment no later than 2:00 PM (Central Time), on the Payment Date, by using the Bill Payment Service. If the payment date is on a weekend or holiday, the stop payment must be initiated no later than 2:00 PM (Central Time), two (2) business days prior to the payment date. Stop payment requests for electronic bill payments are not permitted after the bill payment date. • Cancelling a Bill Payment (check or electronic withdrawal) - Prior to the established Cutoff Times, you may cancel or edit a Pending Payment within Bill Pay by selecting and accurately completing the appropriate fields. • Our Rights - If we fail to cancel or stop a bill payment, the payment will stand unless you show us that payment to the payee was unenforceable. If we re-credit your account after transferring funds over a valid and timely cancellation request, you agree to sign a statement describing the dispute with the payee, to transfer to us all of your rights against the payee, and to assist us in any legal action taken against that person. • Bank Errors - If Lake Elmo Bank does not properly complete a bill payment on time or in the correct amount, we will pay any late fees or finance charges up to $25, as long as your account was in good standing with the payee prior to this incident and the Payee was a Business that charges late charges or penalties. We will also be liable to you if we fail to stop a payment pursuant to your order to do so, so long as your order describes the payment with reasonable certainty and is received at a time and in a manner that affords us a reasonable opportunity to act on it. 1. We will not be responsible for any charges imposed or any other action taken by a payee resulting from a payment that you have not scheduled properly, including any applicable finance charges and late fees. In addition, we will not be liable if any third party through whom any bill payment is to be made fails to properly transmit the payment to the intended payee. 2. We will also not be liable if there are insufficient available funds or credit availability in your Bill Pay Account and/or overdraft protection plan; if a legal order directs us to prohibit withdrawals from the Bill Pay Account; if the Bill Pay Account is closed or frozen; or if any part of the electronic funds transfer system is not working properly.

Recurring Payment. You may schedule payments to Payees to be automatically initiated for in a fixed amount on a the same scheduled payment frequency. Choose Click the option next to button by the Payee that says "Make it Recurring Recurring" to schedule your recurring payment. You may make payments weekly, biweeklybi-weekly, semi-monthly, monthly, quarterly, semi-annually, semi- annually or annually. If the Scheduled Payment Date does not exist in a certain month, then the payment will be initiated on the last Business Day of the month. For example, if you schedule a payment for the 30th of each month, your payment for the month of February will be initiated on or before the last 28th day of February. When establishing a recurring payment, you may elect to choose for the payment to "Pay Before Before" or "Pay After After" a scheduled date that falls on a holiday or weekend. • When we receive a Payment Instruction, you authorize us to debit your Payment Account and remit funds to the Payee on your behalf. Before an electronic payment is processed, available funds You will be verified and withdrawn from your account. provided a confirmation number for each payment you schedule using Bill Payments will be attempted at the established Cutoff Times depending on when the payment was established. If the payment cannot be processed due to insufficient funds, Bill Pay will attempt to pay the bill for three business days. An email will be generated when the payment cannot be processed due to insufficient funds. If the payment cannot be paid at the end of the three business days, the payment will be automatically canceled, and you will be required to set up the payment againPay. You will receive an email notification if a Bill Payment has been canceled due also see all pending payments in the Pending section of the Payments screen prior to insufficient funds. • We can process a Bill Payment when the Scheduled Payment Date has been Date. Once payments are processed, they can be seen on the History screen. You may schedule duplicate payments. A duplicate payment is one that is scheduled prior to be made to the established Cutoff Times on any Business Day. If you schedule a Bill Pay after the established Cutoff Times, we will process the transaction on our next business day. If you schedule a Bill Payment for a future date, we will process the transaction on that date, if that day is a business day. If the date you request for a future Bill Pay is not a business day, we will process the transaction based same Payee on the Pay Before or Pay After designation you selectedsame date for the same amount as a previously scheduled payment. If you schedule A duplicate payment is different from a Recurring Payment. A Recurring Payment is scheduled for the same amount to the same Payee on a recurring Bill Pay and schedule. You can make payments to any Payee in the transfer date does not exist in a month, the Bill Pay will be processed on the last business day of that month. • Bill Payments will be processed at established Cutoff Times on business daysUnited States. It is anticipated that most transactions will be processed by on the next Business Day after your Scheduled Payment Date and will arrive approximately 3-7 5 Business Days after your selected Scheduled Payment Date. Due to circumstances beyond our control, particularly delays in handling and posting payments by slow responding Payees or financial institutions, some transactions may take a day or even a few days longer to be credited by your Payee to your account. For this reason, it is necessary that all Scheduled Payment Dates selected by you be no less than seven five (75) Business Days before the xxxx's bill’s actual due date if paid by check and three (3) Business Days before the bill's ’s actual due date if paid by electronic funds transfer, not the late date and/or a date in the grace period. Payment instructions entered after the Cutoff Time or on non-non- Business days Days will be considered entered in Bill Pay on the next Business Day. For Recurring Payments, this means that you must allow additional time for months in which weekends or holidays reduce the number of Business Days between the Recurring Payment date and the bill's ’s actual due date. If you properly follow the procedures described herein, and we fail to send a payment according to the Payment Instructions received, we will bear responsibility for late charges (up to a maximum of $50.00 per scheduled payment per business Payee.) In any other event, including, but not limited to, choosing a Scheduled Payment Date less than seven five (75) Business Days before the bill's ’s actual due date if paid by check and three (3) Business Days before the bill's actual due date if paid by electronic funds transfer, the risk of incurring and the responsibility for paying and all late charges or penalties shall be borne by you. • The system will calculate the Estimated Arrival Date of your payment. This is only an estimate, so please allow ample time for your payments to reach your Payees. • Sufficient Time for Payments is Necessary. Payments should be scheduled to allow sufficient time for mailing or electronic processing. Suggested scheduling for an ELECTRONIC PAYMENT is to allow three business days from when the payment is processed. Suggested scheduling for a CHECK payment is to allow 5 to 7 business days (checks are not locally processed) from when the payment is processed. We are not responsible for postal delays or processing delays by the payee for any payment made through Bill Pay. • You understand that our authorized agents and we will use reasonable efforts to ensure payments reach payees on time but cannot guarantee the time a payment will be received and/or posted by a Payee. Our authorized agents and we will use reasonable effort in assisting you with the reversal of any service fee or late charge that is related to a payment processing error. We and our authorized agents will not be responsible for any loss or penalty that may be incurred due to lack of sufficient funds or other conditions that may prevent the withdrawal of funds from your account. • Rejection of Payment. Payments may be rejected, returned, or sent to an incorrect address due to incorrect payee data. If a payment is rejected, you will receive a phone call from the Bank (due to invalid account number or invalid payee mailing address for example). 1. You will see all pending payments in the Pending section of the Payments screen prior to the Scheduled Payment Date. A bill payment is a Pending Payment starting from the time you enter Payment Instructions until the payment is processed. Once payments are processed, they can be seen on the History screen. A bill payment is processed starting at the Cutoff Time on the Scheduled Payment Date. 2. Once your scheduled bill payment is Processed, we will relay your payment information to a third-party processor, who in turn will remit payment to your payee by one of the following means, at the vendor's sole discretion: (1) electronic payment; (2) by mailing your Payee a check drawn on your Payment Account. Electronic payments will be withdrawn from your account on the Scheduled Payment Date. Payments by check will be withdrawn from your account when the check is presented to the bank for payment from your account. 3. By utilizing Bill Payment, you agree that we reserve the right to obtain financial information regarding your account from a Payee to resolve payment-posting problems. • Stop Payment of a Bill Payment, Check, or Electronic Transaction - You have the right to stop or change any scheduled bill payment. However, you must cancel a payment no later than 2:00 PM (Central Time), on the Payment Date, by using the Bill Payment Service. If the payment date is on a weekend or holiday, the stop payment must be initiated no later than 2:00 PM (Central Time), two (2) business days prior to the payment date. Stop payment requests for electronic bill payments are not permitted after the bill payment date. • Cancelling a Bill Payment (check or electronic withdrawal) - Prior to the established Cutoff Times, you may cancel or edit a Pending Payment within Bill Pay by selecting and accurately completing the appropriate fields. • Our Rights - If we fail to cancel or stop a bill payment, the payment will stand unless you show us that payment to the payee was unenforceable. If we re-credit your account after transferring funds over a valid and timely cancellation request, you agree to sign a statement describing the dispute with the payee, to transfer to us all of your rights against the payee, and to assist us in any legal action taken against that person. • Bank Errors - If Lake Elmo Bank does not properly complete a bill payment on time or in the correct amount, we will pay any late fees or finance charges up to $25, as long as your account was in good standing with the payee prior to this incident and the Payee was a Business that charges late charges or penalties. We will also be liable to you if we fail to stop a payment pursuant to your order to do so, so long as your order describes the payment with reasonable certainty and is received at a time and in a manner that affords us a reasonable opportunity to act on it. 1. We will not be responsible for any charges imposed or any other action taken by a payee resulting from a payment that you have not scheduled properly, including any applicable finance charges and late fees. In addition, we will not be liable if any third party through whom any bill payment is to be made fails to properly transmit the payment to the intended payee. 2. We will also not be liable if there are insufficient available funds or credit availability in your Bill Pay Account and/or overdraft protection plan; if a legal order directs us to prohibit withdrawals from the Bill Pay Account; if the Bill Pay Account is closed or frozen; or if any part of the electronic funds transfer system is not working properly.three

Recurring Payment. You may schedule payments to Payees to be automatically initiated for in a fixed amount on a the same scheduled payment frequency. Choose Click the option next to button by the Payee that says "Make it Recurring Recurring" to schedule your recurring payment. You may make payments weekly, biweeklybi-weekly, semi-monthly, monthly, quarterly, semi-annually, semi- annually or annually. If the Scheduled Payment Date does not exist in a certain month, then the payment will be initiated on the last Business Day of the month. For example, if you schedule a payment for the 30th of each month, your payment for the month of February will be initiated on or before the last 28th day of February. When establishing a recurring payment, you may elect to choose for the payment to "Pay Before Before" or "Pay After After" a scheduled date that falls on a holiday or weekend. • When we receive a Payment Instruction, you authorize us to debit your Payment Account and remit funds to the Payee on your behalf. Before an electronic payment is processed, available funds You will be verified and withdrawn from your account. Bill Payments will be attempted at the established Cutoff Times depending on when the provided a confirmation number for each payment was established. If the payment cannot be processed due to insufficient funds, Bill Pay will attempt to pay the bill for three business days. An email will be generated when the payment cannot be processed due to insufficient funds. If the payment cannot be paid at the end of the three business days, the payment will be automatically canceled, and you will be required to set up the payment againschedule using Xxxx Pay. You will receive an email notification if a Bill Payment has been canceled due also see all pending payments in the Pending section of the Payments screen prior to insufficient funds. • We can process a Bill Payment when the Scheduled Payment Date has been Date. Once payments are processed, they can be seen on the History screen. You may schedule duplicate payments. A duplicate payment is one that is scheduled prior to be made to the established Cutoff Times on any Business Day. If you schedule a Bill Pay after the established Cutoff Times, we will process the transaction on our next business day. If you schedule a Bill Payment for a future date, we will process the transaction on that date, if that day is a business day. If the date you request for a future Bill Pay is not a business day, we will process the transaction based same Payee on the Pay Before or Pay After designation you selectedsame date for the same amount as a previously scheduled payment. If you schedule A duplicate payment is different from a Recurring Payment. A Recurring Payment is scheduled for the same amount to the same Payee on a recurring Bill Pay and schedule. You can make payments to any Payee in the transfer date does not exist in a month, the Bill Pay will be processed on the last business day of that month. • Bill Payments will be processed at established Cutoff Times on business daysUnited States. It is anticipated that most transactions will be processed by on the next Business Day after your Scheduled Payment Date Date, and arrive approximately 3-7 5 Business Days after your selected Scheduled Payment Date. Due to circumstances beyond our control, particularly delays in handling and posting payments by slow responding Payees or financial institutions, some transactions may take a day or even a few days longer to be credited by your Payee to your account. For this reason, it is necessary that all Scheduled Payment Dates selected by you be no less than seven five (75) Business Days before the xxxxbill's actual due date if paid by check and three (3) Business Days before the bill's actual due date if paid by electronic funds transfer, not the late date and/or a date in the grace period. Payment instructions entered after the Cutoff Time or on non-non- Business days Days will be considered entered in Bill Xxxx Pay on the next Business Day. For Recurring Payments, this means that you must allow additional time for months in which weekends or holidays reduce the number of Business Days between the Recurring Payment date and the bill's actual due date. If you properly follow the procedures described herein, and we fail to send a payment according to the Payment Instructions received, we will bear responsibility for late charges (up to a maximum of $50.00 per scheduled payment per business Payee.) In any other event, including, but not limited to, choosing a Scheduled Payment Date less than seven five (75) Business Days before the bill's actual due date if paid by check and three (3) Business Days before the bill's actual due date if paid by electronic funds transfer, the risk of incurring and the responsibility for paying and all late charges or penalties shall be borne by you. • The system will calculate the Estimated Arrival Date of your payment. This is only an estimate, so please allow ample time for your payments to reach your Payees. • Sufficient Time for Payments is Necessary. Payments should be scheduled to allow sufficient time for mailing or electronic processing. Suggested scheduling for an ELECTRONIC PAYMENT is to allow three business days from when the payment is processed. Suggested scheduling for a CHECK payment is to allow 5 to 7 business days (checks are not locally processed) from when the payment is processed. We are not responsible for postal delays or processing delays by the payee for any payment made through Bill Pay. • You understand that our authorized agents and we will use reasonable efforts to ensure payments reach payees on time but cannot guarantee the time a payment will be received and/or posted by a Payee. Our authorized agents and we will use reasonable effort in assisting you with the reversal of any service fee or late charge that is related to a payment processing error. We and our authorized agents will not be responsible for any loss or penalty that may be incurred due to lack of sufficient funds or other conditions that may prevent the withdrawal of funds from your account. • Rejection of Payment. Payments may be rejected, returned, or sent to an incorrect address due to incorrect payee data. If a payment is rejected, you will receive a phone call from the Bank (due to invalid account number or invalid payee mailing address for example). 1. You will see all pending payments in the Pending section of the Payments screen prior to the Scheduled Payment Date. A bill payment is a Pending Payment starting from the time you enter Payment Instructions until the payment is processed. Once payments are processed, they can be seen on the History screen. A bill payment is processed starting at the Cutoff Time on the Scheduled Payment Date. 2. Once your scheduled bill payment is Processed, we will relay your payment information to a third-party processor, who in turn will remit payment to your payee by one of the following means, at the vendor's sole discretion: (1) electronic payment; (2) by mailing your Payee a check drawn on your Payment Account. Electronic payments will be withdrawn from your account on the Scheduled Payment Date. Payments by check will be withdrawn from your account when the check is presented to the bank for payment from your account. 3. By utilizing Bill Payment, you agree that we reserve the right to obtain financial information regarding your account from a Payee to resolve payment-posting problems. • Stop Payment of a Bill Payment, Check, or Electronic Transaction - You have the right to stop or change any scheduled bill payment. However, you must cancel a payment no later than 2:00 PM (Central Time), on the Payment Date, by using the Bill Payment Service. If the payment date is on a weekend or holiday, the stop payment must be initiated no later than 2:00 PM (Central Time), two (2) business days prior to the payment date. Stop payment requests for electronic bill payments are not permitted after the bill payment date. • Cancelling a Bill Payment (check or electronic withdrawal) - Prior to the established Cutoff Times, you may cancel or edit a Pending Payment within Bill Pay by selecting and accurately completing the appropriate fields. • Our Rights - If we fail to cancel or stop a bill payment, the payment will stand unless you show us that payment to the payee was unenforceable. If we re-credit your account after transferring funds over a valid and timely cancellation request, you agree to sign a statement describing the dispute with the payee, to transfer to us all of your rights against the payee, and to assist us in any legal action taken against that person. • Bank Errors - If Lake Elmo Bank does not properly complete a bill payment on time or in the correct amount, we will pay any late fees or finance charges up to $25, as long as your account was in good standing with the payee prior to this incident and the Payee was a Business that charges late charges or penalties. We will also be liable to you if we fail to stop a payment pursuant to your order to do so, so long as your order describes the payment with reasonable certainty and is received at a time and in a manner that affords us a reasonable opportunity to act on it. 1. We will not be responsible for any charges imposed or any other action taken by a payee resulting from a payment that you have not scheduled properly, including any applicable finance charges and late fees. In addition, we will not be liable if any third party through whom any bill payment is to be made fails to properly transmit the payment to the intended payee. 2. We will also not be liable if there are insufficient available funds or credit availability in your Bill Pay Account and/or overdraft protection plan; if a legal order directs us to prohibit withdrawals from the Bill Pay Account; if the Bill Pay Account is closed or frozen; or if any part of the electronic funds transfer system is not working properly.three

Recurring Payment. You may schedule payments to Payees to be automatically initiated for in a fixed amount on a scheduled payment frequency. Choose the option next to the Payee that says Make it Recurring to schedule your recurring payment. You may make payments weekly, biweekly, semi-monthly, monthly, quarterly, semi-annually, or annuallyregular intervals. If the Scheduled Payment Date does not exist in a certain month, then the payment processing will be initiated on the last Business Day of the month. For example, if you schedule a payment for to begin processing on the 30th of each month, your payment for the month of February will be initiated begin processing on or before after the last day 28th of February. When establishing a recurring payment, you may elect to choose for the payment to Pay Before The amount of any Single Payment or Pay After a scheduled date that falls on a holiday or weekend. • When we receive a Recurring Payment Instruction, you authorize us to debit your Payment Account and remit funds to the Payee on your behalf. Before an electronic payment is processed, available funds will be verified and withdrawn from your account. Bill Payments will be attempted at the established Cutoff Times depending on when the payment was established. If the payment canshall not be processed due to insufficient funds, Bill Pay will attempt to pay the bill for three business days. An email will be generated when the payment cannot be processed due to insufficient funds. If the payment cannot be paid at the end of the three business days, the payment will be automatically canceled, and you will be required to set up the payment againexceed $100,000. You will receive an email notification if be provided a Bill Payment has been canceled due to insufficient funds. • We can process a Bill Payment when the Scheduled Payment Date has been scheduled prior to the established Cutoff Times on any Business Day. If confirmation number for each payment you schedule a Bill Pay after using the established Cutoff Times, we will process the transaction on our next business dayXxxx Payment Service. If you schedule a Bill Payment for a future date, we will process the transaction on that date, if that day This number is a business day. If the date you request for a future Bill Pay is not a business day, we will process the transaction based available on the Pay Before or Pay After designation Transactions screen if you selectedneed to refer to it in the future. If The confirmation number will help us resolve any questions you schedule a recurring Bill Pay and the transfer date does not exist in a month, the Bill Pay will be processed on the last business day of that monthmay have concerning your transactions. • Bill Payments will be processed at established Cutoff Times on business days. It While it is anticipated that most transactions will be processed by on the next Business Day after your Scheduled Payment Date Date, and arrive at the Payee within approximately 3-7 five (5) Business Days after your selected Scheduled Payment Date. Due , it is understood that due to circumstances beyond our control, particularly delays in handling and posting payments by slow responding Payees or financial institutions, some transactions may take a day or even a few days longer to be credited by your Payee to your Payee account. For this reason, it is necessary that all Scheduled Payment Dates selected by you be no less than seven five (7) Business Days before the xxxx's actual due date if paid by check and three (35) Business Days before the bill's ’s actual due date if paid by electronic funds transferdate, not the late date and/or a date in the grace period. DO NOT ENTER THE PAYMENT DUE DATE AS THE SCHEDULED DATE. Payment instructions Instructions entered after the Cutoff Time of 2 p.m. CT or on non-non- Business days Days will be considered entered in Bill Pay the Xxxx Payment Service on the next Business Day. For Recurring Payments, this means that you must allow additional time for months in which weekends or holidays reduce the number of Business Days between the Recurring Payment date and the bill's ’s actual due date. In any other event, including, but not limited to, choosing a Scheduled Payment Date less than seven (7) Business Days before the bill's actual due date if paid by check and three (3) Business Days before the bill's actual due date if paid by electronic funds transfer, the The risk of incurring and the responsibility for paying any and all late charges or penalties shall be borne by you. • The system We will calculate the Estimated Arrival Date of your payment. This is only an estimate, so please allow ample time for use our best efforts to make all your payments properly. However, we shall incur no liability if we are unable to reach your Payees. • Sufficient Time for Payments is Necessary. Payments should be scheduled to allow sufficient time for mailing or electronic processing. Suggested scheduling for an ELECTRONIC PAYMENT is to allow three business days from when process any payments initiated by you through the payment is processed. Suggested scheduling for a CHECK payment is to allow 5 to 7 business days (checks are not locally processed) from when Xxxx Payment Service because of the payment is processed. We are not responsible for postal delays or processing delays by the payee for any payment made through Bill Pay. • You understand that our authorized agents and we will use reasonable efforts to ensure payments reach payees on time but cannot guarantee the time a payment will be received and/or posted by a Payee. Our authorized agents and we will use reasonable effort in assisting you with the reversal existence of any service fee one or late charge that is related to a payment processing error. We and our authorized agents will not be responsible for any loss or penalty that may be incurred due to lack of sufficient funds or other conditions that may prevent the withdrawal of funds from your account. • Rejection of Payment. Payments may be rejected, returned, or sent to an incorrect address due to incorrect payee data. If a payment is rejected, you will receive a phone call from the Bank (due to invalid account number or invalid payee mailing address for example). 1. You will see all pending payments in the Pending section of the Payments screen prior to the Scheduled Payment Date. A bill payment is a Pending Payment starting from the time you enter Payment Instructions until the payment is processed. Once payments are processed, they can be seen on the History screen. A bill payment is processed starting at the Cutoff Time on the Scheduled Payment Date. 2. Once your scheduled bill payment is Processed, we will relay your payment information to a third-party processor, who in turn will remit payment to your payee by one more of the following means, at the vendor's sole discretion: circumstances: (1) electronic payment; If, through no fault of ours, your Pay From Account does not contain sufficient funds to complete the transaction; (2) by mailing your Payee a check drawn on your The Xxxx Payment Account. Electronic payments will be withdrawn from your account on the Scheduled Payment Date. Payments by check will be withdrawn from your account when the check is presented to the bank for payment from your account. 3. By utilizing Bill Payment, you agree that we reserve the right to obtain financial information regarding your account from a Payee to resolve payment-posting problems. • Stop Payment of a Bill Payment, Check, Service or Electronic Transaction - You have the right to stop or change any scheduled bill payment. However, you must cancel a payment no later than 2:00 PM (Central Time), on the Payment Date, by using the Bill Payment Service. If the payment date is on a weekend or holiday, the stop payment must be initiated no later than 2:00 PM (Central Time), two (2) business days prior to the payment date. Stop payment requests for electronic bill payments are not permitted after the bill payment date. • Cancelling a Bill Payment (check or electronic withdrawal) - Prior to the established Cutoff Times, you may cancel or edit a Pending Payment within Bill Pay by selecting and accurately completing the appropriate fields. • Our Rights - If we fail to cancel or stop a bill payment, the payment will stand unless you show us that payment to the payee was unenforceable. If we re-credit your account after transferring funds over a valid and timely cancellation request, you agree to sign a statement describing the dispute with the payee, to transfer to us all of your rights against the payee, and to assist us in any legal action taken against that person. • Bank Errors - If Lake Elmo Bank does not properly complete a bill payment on time or in the correct amount, we will pay any late fees or finance charges up to $25, as long as your account was in good standing with the payee prior to this incident and the Payee was a Business that charges late charges or penalties. We will also be liable to you if we fail to stop a payment pursuant to your order to do so, so long as your order describes the payment with reasonable certainty and is received at a time and in a manner that affords us a reasonable opportunity to act on it. 1. We will not be responsible for any charges imposed or any other action taken by a payee resulting from a payment that you have not scheduled properly, including any applicable finance charges and late fees. In addition, we will not be liable if any third party through whom any bill payment is to be made fails to properly transmit the payment to the intended payee. 2. We will also not be liable if there are insufficient available funds or credit availability in your Bill Pay Account and/or overdraft protection plan; if a legal order directs us to prohibit withdrawals from the Bill Pay Account; if the Bill Pay Account is closed or frozen; or if any part of the electronic funds transfer system Online Services is not working properly.properly and you know or have been advised by us about the problem before you execute the transaction;

Recurring Payment. You may schedule you can select the frequency of the payment (weekly, every two weeks, monthly, twice a month, quarterly, annual) and specify the total number of payments to Payees be made. These payments must be for the same amount each time. o Future payments – onetime payment to be automatically initiated for made in the near future. You shall inform us the exact amount and the specific date, up to a fixed amount on a scheduled payment frequency. Choose limit of one year since the option next to the Payee that says Make it Recurring to schedule your recurring paymentdate of issuance. You may make payments weekly, biweekly, semi-monthly, monthly, quarterly, semi-annuallyrequest a payment be delivered one time, or annuallyon an automatic recurring basis in such manner as you direct. If We reserve the Scheduled right to limit the frequency and dollar amount of transactions from your accounts. You acknowledge that some payments may vary during time in which the Bill Payment Date does Service is in effect. It is expressly agreed that is your obligation to notify us if a change occurs in the amount of the fixed payment, the frequency or account number with the payee. A notice of change must be made ten (10) days before the effective day of the payment, in order that the adjustment’s effective date is processed before the date designated for the processing of the payment. FirstBank will not exist be liable for discrepancies in any fixed payments made before receiving and processing the described notice of change. Recurring payments that occur on a certain month, then the payment weekend or federal holiday will be initiated on the last Business Day of the month. For example, if you schedule a payment for the 30th of each monthnext business day after the weekend or federal holiday. ü Bill Payment Method FirstBank reserves the right to select the method with which to remit funds on your behalf to your payee. These payment methods may include, but may not be limited to, an electronic payment, an electronic to check payment, or a laser draft payment (funds remitted to the Xxxxxx are deducted from your payment Payment Account when the laser draft is presented to your financial institution for the month of February will be initiated on or before the last day of Februarypayment). When establishing a recurring paymentusing the electronic payment method, you may elect to choose FirstBank will generally debit your account within 24 hours of receiving your instructions for the payment or whenever FirstBank decides appropriate to Pay Before or Pay After a scheduled date that falls on a holiday or weekend. • When we receive a Payment Instruction, you authorize us to debit your Payment Account and remit funds to the Payee on your behalf. Before an electronic payment is processed, available funds will be verified and withdrawn from your account. Bill Payments will be attempted at the established Cutoff Times depending on when complete the payment was establishedaccording to your instructions. If ü Bill Payment Transaction Limits & Bill Payment Transaction History For security reasons, FirstBank may limit the payment cannot be processed due to insufficient funds, Bill Pay will attempt to pay amount or the bill for three business days. An email will be generated when the payment cannot be processed due to insufficient funds. If the payment cannot be paid at the end number of the three business days, the payment will be automatically canceled, and you will be required to set up the payment againtransactions permitted in this service. You will receive an email notification if a Bill Payment has be able to view all payments that have been canceled due to insufficient fundsprocessed individually. • We can process a Bill Payment when the Scheduled Payment Date has been scheduled prior to the established Cutoff Times on any Business Day. If you schedule a Bill Pay after the established Cutoff Times, we will process the transaction on our next business day. If you schedule a Bill Payment for a future date, we will process the transaction on that date, if that day is a business day. If the date you request for a future Bill Pay is not a business day, we will process the transaction based on the Pay Before or Pay After designation you selected. If you schedule a recurring Bill Pay and the transfer date does not exist in a month, the Bill Pay will be processed on the last business day of that month. • Bill Payments will be processed at established Cutoff Times on business days. It is anticipated that most transactions will be processed by the next Business Day after your Scheduled Payment Date and arrive approximately 3-7 Business Days after your selected Scheduled Payment Date. Due to circumstances beyond our control, particularly delays in handling and posting payments by slow responding Payees or financial institutions, some transactions may take a day or even a few days longer to be credited by your Payee to your account. For this reason, it is necessary that all Scheduled Payment Dates selected by you be no less than seven (7) Business Days before the xxxx's actual due date if paid by check and three (3) Business Days before the bill's actual due date if paid by electronic funds transfer, not the late date and/or a date in the grace period. Payment instructions entered after the Cutoff Time or on non-Business days will be considered entered in Bill Pay on the next Business Day. For Recurring Payments, this means that you must allow additional time for months in which weekends or holidays reduce the number of Business Days between the Recurring Payment date and the bill's actual due date. In any other event, including, but not limited to, choosing a Scheduled Payment Date less than seven (7) Business Days before the bill's actual due date if paid by check and three (3) Business Days before the bill's actual due date if paid by electronic funds transfer, the risk of incurring and the responsibility for paying and all late charges or penalties shall be borne by you. • The system will calculate maintain the Estimated Arrival Date history of your paymentall payments made by you for the past twelve (12) months. This is only an estimate, so please allow ample time for your payments You will be able to reach your Payees. • Sufficient Time for Payments is Necessary. Payments should be scheduled to allow sufficient time for mailing or electronic processing. Suggested scheduling for an ELECTRONIC PAYMENT is to allow three business days from when print the confirmations through the web page; also you will receive a confirmation of the payment is processed. Suggested scheduling for a CHECK payment is to allow 5 to 7 business days (checks are not locally processed) from when the payment is processed. We are not responsible for postal delays or processing delays by the payee for any payment made through Bill Pay. • You understand that our authorized agents and we will use reasonable efforts to ensure payments reach payees on time but cannot guarantee the time a payment will be received and/or posted by a Payee. Our authorized agents and we will use reasonable effort in assisting you with the reversal of reference number via email. ü Prohibited Payment You agree not to use the Bill Payment Service to: o Make any service fee tax payments, or late charge o Court-ordered payments You agree that is related if you attempt to a payment processing error. We and our authorized agents make payments for taxes or court-ordered payments, FirstBank will not be responsible for any loss or penalty that may be incurred due to lack of sufficient funds or other conditions that may prevent the withdrawal of funds from your accountpayment. • Rejection of Payment. Payments may be rejected, returned, or sent to an incorrect address due to incorrect payee data. If a payment is rejected, you will receive a phone call from the Bank (due to invalid account number or invalid payee mailing address for example). 1. You will see all pending payments in the Pending section of the Payments screen prior to the Scheduled Payment Date. A The bill payment guarantee, as it applies to any late payment related charges, is a Pending Payment starting from the time you enter Payment Instructions until the payment is processed. Once void when these types of payments are processed, they can be seen on scheduled and/or processed by the History screen. A bill payment is processed starting at the Cutoff Time on the Scheduled Payment Dateservice. 2. Once your scheduled bill payment is Processed, we will relay your payment information to a third-party processor, who in turn will remit payment to your payee by one of the following means, at the vendor's sole discretion: (1) electronic payment; (2) by mailing your Payee a check drawn on your Payment Account. Electronic payments will be withdrawn from your account on the Scheduled Payment Date. Payments by check will be withdrawn from your account when the check is presented to the bank for payment from your account. 3. By utilizing Bill Payment, you agree that we reserve the right to obtain financial information regarding your account from a Payee to resolve payment-posting problems. • Stop Payment of a Bill Payment, Check, or Electronic Transaction - You have the right to stop or change any scheduled bill payment. However, you must cancel a payment no later than 2:00 PM (Central Time), on the Payment Date, by using the Bill Payment Service. If the payment date is on a weekend or holiday, the stop payment must be initiated no later than 2:00 PM (Central Time), two (2) business days prior to the payment date. Stop payment requests for electronic bill payments are not permitted after the bill payment date. • Cancelling a Bill Payment (check or electronic withdrawal) - Prior to the established Cutoff Times, you may cancel or edit a Pending Payment within Bill Pay by selecting and accurately completing the appropriate fields. • Our Rights - If we fail to cancel or stop a bill payment, the payment will stand unless you show us that payment to the payee was unenforceable. If we re-credit your account after transferring funds over a valid and timely cancellation request, you agree to sign a statement describing the dispute with the payee, to transfer to us all of your rights against the payee, and to assist us in any legal action taken against that person. • Bank Errors - If Lake Elmo Bank does not properly complete a bill payment on time or in the correct amount, we will pay any late fees or finance charges up to $25, as long as your account was in good standing with the payee prior to this incident and the Payee was a Business that charges late charges or penalties. We will also be liable to you if we fail to stop a payment pursuant to your order to do so, so long as your order describes the payment with reasonable certainty and is received at a time and in a manner that affords us a reasonable opportunity to act on it. 1. We will not be responsible for any charges imposed or any other action taken by a payee resulting from a payment that you have not scheduled properly, including any applicable finance charges and late fees. In addition, we will not be liable if any third party through whom any bill payment is to be made fails to properly transmit the payment to the intended payee. 2. We will also not be liable if there are insufficient available funds or credit availability in your Bill Pay Account and/or overdraft protection plan; if a legal order directs us to prohibit withdrawals from the Bill Pay Account; if the Bill Pay Account is closed or frozen; or if any part of the electronic funds transfer system is not working properly.

Recurring Payment. You may schedule payments to Payees to be automatically initiated for in a fixed amount on a the same scheduled payment frequency. Choose the option next to the Payee that says Make it Recurring to schedule your recurring payment. You may make payments weekly, biweeklybi-weekly, semi-monthly, monthly, quarterly, semi-annually, semi- annually or annually. If the Scheduled Payment Date does not exist in a certain month, then the payment will be initiated on the last Business Day of the month. For example, if you schedule a payment for the 30th of each month, your payment for the month of February will be initiated on or before the last 28th day of February. When establishing a recurring payment, you may elect to choose for the payment to Pay Before or Pay After a Once your scheduled date that falls on a holiday or weekend. • When we receive a Payment Instruction, you authorize us to debit your Payment Account and remit funds to the Payee on your behalf. Before an electronic xxxx payment is processed, available funds will be verified and withdrawn from your account. Bill Payments will be attempted at the established Cutoff Times depending on when the payment was established. If the payment cannot be processed due to insufficient funds, Bill Pay will attempt to pay the bill for three business days. An email will be generated when the payment cannot be processed due to insufficient funds. If the payment cannot be paid at the end of the three business days, the payment will be automatically canceled, and you will be required to set up the payment again. You will receive an email notification if a Bill Payment has been canceled due to insufficient funds. • We can process a Bill Payment when the Scheduled Payment Date has been scheduled prior to the established Cutoff Times on any Business Day. If you schedule a Bill Pay after the established Cutoff Times“Processed”, we will process relay your payment information to a third party vendor, who in turn will remit payment to your Payee by one of the transaction on our next business dayfollowing means, at the vendor’s sole discretion: (1) by electronic funds transfer; or (2) by mailing your Payee a check. If you schedule a Bill Payment for a future date, we will process the transaction on that date, if that day is a business day. If the date you request for a future Bill Pay is not a business day, we will process the transaction based on the Pay Before or Pay After designation you selected. If you schedule a recurring Bill Pay and the transfer date does not exist in a month, the Bill Pay will be processed on the last business day of that month. • Bill Payments will be processed at established Cutoff Times on business days. It While it is anticipated that most transactions will be processed by and completed on the next Business Day after your Scheduled Payment Date Date, and arrive approximately 3-7 5 Business Days after your selected Scheduled Payment Date. Due , it is understood that due to circumstances beyond our control, particularly delays in handling and posting payments by slow responding Payees payees or financial institutions, some transactions may take a day or even a few days longer to be credited by your Payee to your account. For this reason, it is necessary that all Scheduled Payment Dates selected by you be no less than five to seven (5 to 7) Business Days before the xxxx's bill’s actual due date if paid by check and no less than three to five (33 to 5) Business Days before the bill's actual due date if paid by electronic funds transfer, not the late date and/or a date in the grace period. Payment instructions entered after the Cutoff Time or on non-Business days Days will be considered entered in Bill Pay BillPay on the next Business Day. For Recurring Payments, this means that you must allow additional time for months in which weekends or holidays reduce the number of Business Days between the Recurring Payment date and the bill's actual due date. In any other event, including, but not limited to, choosing a Scheduled Payment Date less than seven (7) Business Days before the bill's actual due date if paid by check and three (3) Business Days before the bill's actual due date if paid by electronic funds transfer, the risk of incurring and the responsibility for paying and We will use our best efforts to make all late charges or penalties shall be borne by you. • The system will calculate the Estimated Arrival Date of your payment. This is only an estimate, so please allow ample time for your payments properly. However, we shall incur no liability if we are unable to reach your Payees. • Sufficient Time for Payments is Necessary. Payments should be scheduled to allow sufficient time for mailing or electronic processing. Suggested scheduling for an ELECTRONIC PAYMENT is to allow three business days from when complete any payments initiated by you through BillPay because of the payment is processed. Suggested scheduling for a CHECK payment is to allow 5 to 7 business days (checks are not locally processed) from when the payment is processed. We are not responsible for postal delays or processing delays by the payee for any payment made through Bill Pay. • You understand that our authorized agents and we will use reasonable efforts to ensure payments reach payees on time but cannot guarantee the time a payment will be received and/or posted by a Payee. Our authorized agents and we will use reasonable effort in assisting you with the reversal existence of any service fee one or late charge that is related to a payment processing error. We and our authorized agents will not be responsible for any loss or penalty that may be incurred due to lack more of sufficient funds or other conditions that may prevent the withdrawal of funds from your account. • Rejection of Payment. Payments may be rejected, returned, or sent to an incorrect address due to incorrect payee data. If a payment is rejected, you will receive a phone call from the Bank (due to invalid account number or invalid payee mailing address for example).following circumstances: 1. You will see all pending payments in If, through no fault of ours, your Payment Account does not contain sufficient funds to complete the Pending section transaction or the transaction would exceed the credit limit of the Payments screen prior to the Scheduled Payment Date. A bill payment is a Pending Payment starting from the time you enter Payment Instructions until the payment is processed. Once payments are processed, they can be seen on the History screen. A bill payment is processed starting at the Cutoff Time on the Scheduled Payment Date.any account; 2. Once your scheduled bill payment is Processed, we will relay your payment information to a third-party processor, who in turn will remit payment to your payee by one of the following means, at the vendor's sole discretion: (1) electronic payment; (2) by mailing your Payee a check drawn on your Payment Account. Electronic payments will be withdrawn from your account on the Scheduled Payment Date. Payments by check will be withdrawn from your account when the check is presented to the bank for payment from your account. 3. By utilizing Bill Payment, you agree that we reserve the right to obtain financial information regarding your account from a Payee to resolve payment-posting problems. • Stop Payment of a Bill Payment, Check, If BillPay or Electronic Transaction - You have the right to stop or change any scheduled bill payment. However, you must cancel a payment no later than 2:00 PM (Central Time), on the Payment Date, by using the Bill Payment Service. If the payment date is on a weekend or holiday, the stop payment must be initiated no later than 2:00 PM (Central Time), two (2) business days prior to the payment date. Stop payment requests for electronic bill payments are not permitted after the bill payment date. • Cancelling a Bill Payment (check or electronic withdrawal) - Prior to the established Cutoff Times, you may cancel or edit a Pending Payment within Bill Pay by selecting and accurately completing the appropriate fields. • Our Rights - If we fail to cancel or stop a bill payment, the payment will stand unless you show us that payment to the payee was unenforceable. If we re-credit your account after transferring funds over a valid and timely cancellation request, you agree to sign a statement describing the dispute with the payee, to transfer to us all of your rights against the payee, and to assist us in any legal action taken against that person. • Bank Errors - If Lake Elmo Bank does not properly complete a bill payment on time or in the correct amount, we will pay any late fees or finance charges up to $25, as long as your account was in good standing with the payee prior to this incident and the Payee was a Business that charges late charges or penalties. We will also be liable to you if we fail to stop a payment pursuant to your order to do so, so long as your order describes the payment with reasonable certainty and is received at a time and in a manner that affords us a reasonable opportunity to act on it. 1. We will not be responsible for any charges imposed or any other action taken by a payee resulting from a payment that you have not scheduled properly, including any applicable finance charges and late fees. In addition, we will not be liable if any third party through whom any bill payment is to be made fails to properly transmit the payment to the intended payee. 2. We will also not be liable if there are insufficient available funds or credit availability in your Bill Pay Account and/or overdraft protection plan; if a legal order directs us to prohibit withdrawals from the Bill Pay Account; if the Bill Pay Account is closed or frozen; or if any part of the electronic funds transfer system NetTeller Online Banking is not working properly.properly and you know or have been advised by us about the problem before you execute the transaction;