Common use of Terms and Conditions Applicable to Trust Accounts Clause in Contracts

Terms and Conditions Applicable to Trust Accounts. You may open an account to hold the funds of your trust and be named as trustee on our Living Trust Account Signature Card. A person named as a trustee on the Living Trust Account Signature Card has the same rights, responsibilities and liabilities as an owner of an account under this Agreement to open, change, add or close an account or service. Each trustee understands that any trustee acting alone may change, add or close the account and/or a service, and that his or her signature on the Living Trust Account Signature Card or continued use of an account or service confirms his or her agreement to any later change, addition or closure of an account and/or service by any other trustee on the account. While any trustee may change, add or close the account and/or a service acting alone, we may require all trustees to consent in writing to the addition or removal of any trustee to or from the account. All trustees agree that we have no duty to notify the trustees of the account of any transaction, change, addition or closure of an account or service by any trustee acting alone. a. Trustee(s) affirm that the successor trustee(s) are bound under the Trust Instrument to serve, and are authorized and fully qualified to act as trustee(s) in the event that all of the trustee(s) named in the Membership Application or Living Trust Signature Card resign, die, become incapacitated, or otherwise become unable to act as trustee(s) of the Trust. The Membership Application or Living Trust Signature Card will not be approved unless successor trustee(s) are designated. b. We may require you to provide us with a notarized trust certification confirming your power as a trustee prior to opening the account or making changes to the account. c. We are not required to know, understand, interpret, or enforce the terms of your written trust instrument. The Credit Union is not required to keep any Trust Instrument in its files and is not liable for the contents of a Trust Instrument. THE CREDIT UNION HAS NOT RECEIVED A COPY OF THE TRUST INSTRUMENT AND SHALL IN NO EVENT BE LIABLE FOR ITS CONTENTS. d. You acknowledge that the account is governed by the applicable terms and conditions set forth in this Agreement and by the terms and conditions set forth in the Living Trust Account Signature Card that you will be asked to sign when the account is opened.

Terms and Conditions Applicable to Trust Accounts. You may open an account to hold the funds of your trust and be named as trustee on our Living Trust Account Signature CardApplication. A person named as a trustee on the Living Trust Account Signature Card Application has the same rights, responsibilities and liabilities as an owner of an account under this Account Agreement to open, change, add or close an account or service. Each trustee understands that any trustee acting alone may change, add or close the account and/or a service, and that his or her signature on the Living Trust Account Signature Card Application or continued use of an account or service confirms his or her agreement to any later change, addition or closure of closureof an account and/or service by serviceby any other trustee on the account. While any trustee may change, add or close the account and/or a service acting alone, we may require all trustees to consent in writing to the addition or removal of any trustee to or from the account. All trustees agree that we have no duty to notify the trustees of the account of any transaction, change, addition or closure of an account or service by any trustee acting alone. a. Trustee(s) affirm that the successor trustee(s) are bound under the Trust Instrument to serve, and are authorized and fully qualified to act as trustee(s) in the event that all of the trustee(s) named in the Membership Application and Agreement or Living Trust Signature Card Account Application resign, die, become incapacitated, or otherwise become unable to act as trustee(s) of the Trust. The Membership Application and Agreement or Living Trust Signature Card Account Application will not be approved unless successor trustee(s) are designated. b. We may require you to provide us with a notarized trust certification confirming your power as a trustee prior to opening the account or making changes to the account. c. We are not required to know, understand, interpret, or enforce the terms of your written trust instrument. The Credit Union is not required to keep any Trust Instrument in its files and is not liable for the contents of a Trust Instrument. THE CREDIT UNION HAS NOT RECEIVED A COPY OF THE TRUST INSTRUMENT AND SHALL IN NO EVENT BE LIABLE FOR ITS CONTENTS. d. You acknowledge that the account Youacknowledgethat theaccount is governed by governedby the applicable terms and conditions set forth in this Account Agreement and by the terms and conditions set forth in the Living Trust Account Signature Card Application that you will be asked to sign when the account is opened. e. Trust accounts are not subject to the Multiple Party Accounts law.

Terms and Conditions Applicable to Trust Accounts. You may open an account to hold the funds of your trust and be named as trustee on our Living Trust Account Signature CardApplication and Agreement. A person named as a trustee on the Living Trust Account Signature Card has the same rights, responsibilities and liabilities as an owner of an account under this Agreement to open, change, add or close an account or service. Each trustee understands that any trustee acting alone may change, add or close the account and/or a service, and that his or her signature on the Living Trust Account Signature Card or continued use of an account or service confirms his or her agreement to any later change, addition or closure of an account and/or service by any other trustee on the account. While any trustee may change, add or close the account and/or a service acting alone, we may require all trustees to consent in writing to the addition or removal of any trustee to or from the account. All trustees agree that we have no duty to notify the trustees of the account of any transaction, change, addition or closure of an account or service by any trustee acting alone. a. Trustee(s) affirm that the successor trustee(s) are bound under the Trust Instrument to serve, serve and are authorized and fully qualified to act as trustee(s) in the event that all of the trustee(s) named in the Membership Application or Living Certification of Trust Signature Card Agreement resign, die, become incapacitated, or otherwise become unable to act as trustee(s) of the Trust. The Membership Application or Living Certification of Trust Signature Card Agreement will not be approved unless successor trustee(s) are designated. b. We may require you to provide us with a notarized certification of trust certification confirming your power as a trustee prior to opening the account or making changes to the account. c. We are not required to know, understand, interpret, or enforce the terms of your written trust instrument. The Credit Union is not required to keep any Trust Instrument in its files and is not liable for the contents of a Trust Instrument. THE CREDIT UNION HAS NOT RECEIVED A COPY OF THE TRUST INSTRUMENT AND SHALL IN NO EVENT BE LIABLE FOR ITS CONTENTS. d. You acknowledge that the account is governed by the applicable terms and conditions set forth in this Agreement and by the terms and conditions set forth in the Living Certification of Trust Account Signature Card Agreement that you will be asked to sign when the account is opened. e. Trust accounts are not subject to the Multiple Party Accounts law.

Terms and Conditions Applicable to Trust Accounts. You may open an account to hold the funds of your trust and be named as trustee on our Living Trust Account Signature CardApplication and Agreement. A person named as a trustee on the Living Trust Account Signature Card has the same rights, responsibilities and liabilities as an owner of an account under this Agreement to open, change, add or close an account or service. Each trustee understands that any trustee acting alone may change, add or close the account and/or a service, and that his or her signature on the Living Trust Account Signature Card or continued use of an account or service confirms his or her agreement to any later change, addition or closure of an account and/or service by any other trustee on the account. While any trustee may change, add or close the account and/or a service acting alone, we may require all trustees to consent in writing to the addition or removal of any trustee to or from the account. All trustees agree that we have no duty to notify the trustees of the account of any transaction, change, addition or closure of an account or service by any trustee acting alone. a. Trustee(s) affirm that the successor trustee(s) are bound under the Trust Instrument to serve, and are authorized and fully qualified to act as trustee(s) in the event that all of the trustee(s) named in the Membership Application or Living Certification of Trust Signature Card Agreement resign, die, become incapacitated, or otherwise become unable to act as trustee(s) of the Trust. The Membership Application or Living Certification of Trust Signature Card Agreement will not be approved unless successor trustee(s) are designated. b. We may require you to provide us with a notarized certification of trust certification confirming your power as a trustee prior to opening the account or making changes to the account. c. We are not required to know, understand, interpret, or enforce the terms of your written trust instrument. The Credit Union is not required to keep any Trust Instrument in its files and is not liable for the contents of a Trust Instrument. THE CREDIT UNION HAS NOT RECEIVED A COPY OF THE TRUST INSTRUMENT AND SHALL IN NO EVENT BE LIABLE FOR ITS CONTENTS. d. You acknowledge that the account is governed by the applicable terms and conditions set forth in this Agreement and by the terms and conditions set forth in the Living Certification of Trust Account Signature Card Agreement that you will be asked to sign when the account is opened. e. Trust accounts are not subject to the Multiple Party Accounts law.

Terms and Conditions Applicable to Trust Accounts. You may open an account to hold the funds of your trust and be named as trustee on our Living Trust Account Signature CardApplication. A person named as a trustee on the Living Trust Account Signature Card Application has the same rights, responsibilities and liabilities as an owner of an account under this Account Agreement to open, change, add or close an account or service. Each trustee understands that any trustee acting alone may change, add or close the account and/or a service, and that his or her signature on the Living Trust Account Signature Card Application or continued use of an account or service confirms his or her agreement to any later change, addition or closure of an account and/or service by any other trustee on the account. While any trustee may change, add or close the account and/or a service acting alone, we may require all trustees to consent in writing to the addition or removal of any trustee to or from the account. All trustees agree that we have no duty to notify the trustees of the account of any transaction, change, addition or closure of an account or service by any trustee acting alone. a. Trustee(s) affirm that the successor trustee(s) are bound under the Trust Instrument to serve, and are authorized and fully qualified to act as trustee(s) in the event that all of the trustee(s) named in the Membership Application or Living Trust Signature Card Account Application resign, die, become incapacitated, or otherwise become unable to act as trustee(s) of the Trust. The Membership Application or Living Trust Signature Card Account Application will not be approved unless successor trustee(s) are designated. b. We may require you to provide us with a notarized trust certification confirming your power as a trustee prior to opening the account or making changes to the account. c. We are not required to know, understand, interpret, or enforce the terms of your written trust instrument. The Credit Union is not required to keep any Trust Instrument in its files and is not liable for the contents of a Trust Instrument. THE CREDIT UNION HAS NOT RECEIVED A COPY OF THE TRUST INSTRUMENT AND SHALL IN NO EVENT BE LIABLE FOR ITS CONTENTS. d. You acknowledge that the account is governed by the applicable terms and conditions set forth in this Account Agreement and by the terms and conditions set forth in the Living Trust Account Signature Card Application that you will be asked to sign when the account is opened. e. Trust accounts are not subject to the Multiple Party Accounts law.

Terms and Conditions Applicable to Trust Accounts. You At our option, you may open an account to hold the funds of your trust and be named as trustee on our Living trust account application for services (“Trust Account Signature CardApplication”). Each trustor must be a Credit Union member and any named trustor or trustee may not have caused the Credit Union a loss. A person named as a trustee on the Living Trust Account Signature Card Application has the same rights, responsibilities responsibilities, and liabilities as an owner of an account under this Membership Agreement to open, change, add add, or close an account or service. If two (2) or more persons are named as trustee, they will have equal authority with respect to the entire account during their lifetime. Upon the death of any trustee, the surviving trustee(s) shall have equal rights to the total amount in the share account. Each trustee understands that any trustee acting alone may change, add add, or close the account and/or a service, and that his or her signature on the Living Trust Account Signature Card Application or continued use of an account or service confirms his or her agreement to any later change, addition or closure of an account and/or service by any other trustee on the account. While any trustee may change, add add, or close the account and/or a service acting alone, we may require all trustees to consent in writing to the addition or removal of any trustee to or from the account. All trustees agree that we have no duty to notify the trustees of the account of any transaction, change, addition or closure of an account or service by any trustee acting alone. a. Trustee(s) affirm affirms that the successor trustee(s) are bound under the Trust Instrument trust instrument to serve, serve and are authorized and fully qualified to act as trustee(s) in the event that all of the trustee(s) named in the Membership Trust Account Application or Living Trust Signature Card resign, die, become incapacitated, or otherwise become unable to act as trustee(s) of the Trust. The Membership Application or Living Trust Signature Card If a successor trustee is not eligible for membership, such as in the case of a corporate trustee, the trust account(s) will not be approved unless successor trustee(s) are designatedclosed. b. We may require that you to provide us with a notarized trust certification confirming your power as a trustee prior to opening the account or making changes to the account. At any time, the Credit Union may require each trustee or beneficiary to execute certain documents or provide additional facts or information as the Credit Union may require in its sole discretion and may rely on the information so provided (which shall control in the event of any conflict with any term of the Trust). c. We are not required to know, understand, interpret, or enforce the terms of your written trust instrumentdocument. The Credit Union is not required to keep any Trust Instrument trust instrument in its files and is not liable for the contents of a Trust Instrumenttrust instrument. THE CREDIT UNION HAS NOT RECEIVED A COPY OF THE TRUST INSTRUMENT AND SHALL IN NO EVENT BE LIABLE FOR ITS CONTENTS. d. You agree that if we make payment to any trustee or successor trustee, or at the direction of any one of the trustees or successor trustees named, that payment will be valid and discharge us from any liability for the sums paid. e. You acknowledge that the account is governed by the applicable terms and conditions set forth in this Membership Agreement and by the terms and conditions set forth in the Living Trust Account Signature Card Application that you will be asked to sign when the account is opened. f. You agree that we will have no fiduciary responsibility or obligation in connection with any such account beyond our obligations set forth in this Membership Agreement, and that we will serve solely as a depository for the trust funds. g. Trust accounts are not subject to the Multiple Party Accounts law. h. Funds in a Share Savings Trust Fund or Share Draft Checking Trust Fund account may not be pledged as security for any loan(s). i. The Credit Union may recover any attorney’s fees associated with defending the Credit Union’s interest where the interest of the Credit Union is adverse to that of the Trust, the Trustee, the Trustor, the beneficiary or any other party claiming an interest in the account.

Terms and Conditions Applicable to Trust Accounts. You may open an account to hold the funds of your trust and be named as trustee on our Living Trust Account Signature CardApplication and Agreement. A person named as a trustee on the Living Trust Account Signature Card Membership Application has the same rights, responsibilities and liabilities as an owner of an account under this Agreement to open, change, add or close an account or service. Each trustee understands that any trustee acting alone may change, add or close the account and/or a service, and that his or her signature on the Living Trust Account Signature Card Membership Application or continued use of an account or service confirms his or her agreement to any later change, addition or closure of an account and/or service by any other trustee on the account. While any trustee may change, add or close the account and/or a service acting alone, we may require all trustees to consent in writing to the addition or removal of any trustee to or from the account. All trustees agree that we have no duty to notify the trustees of the account of any transaction, change, addition or closure of an account or service by any trustee acting alone. a. Trustee(s) affirm that the successor trustee(s) are bound under the Trust Instrument to serve, serve and are authorized and fully qualified to act as trustee(s) in the event that all of the trustee(s) named in the Membership Application or Living Certification of Trust Signature Card Agreement resign, die, become incapacitated, or otherwise become unable to act as trustee(s) of the Trust. The Membership Application or Living Certification of Trust Signature Card Agreement will not be approved unless successor trustee(s) are designated. b. We may require you to provide us with a notarized certification of trust certification confirming your power as a trustee prior to opening the account or making changes to the account. c. We are not required to know, understand, interpret, or enforce the terms of your written trust instrument. The Credit Union is not required to keep any Trust Instrument in its files and is not liable for the contents of a Trust Instrument. THE CREDIT UNION HAS NOT RECEIVED A COPY OF THE TRUST INSTRUMENT AND SHALL IN NO EVENT BE LIABLE FOR ITS CONTENTS. d. You acknowledge that the account is governed by the applicable terms and conditions set forth in this Agreement and by the terms and conditions set forth in the Living Certification of Trust Account Signature Card Agreement that you will be asked to sign when the account is opened. e. Trust accounts are not subject to the Multiple Party Accounts law.

Terms and Conditions Applicable to Trust Accounts. You may open an account to hold the funds of your trust yourtrust and be named as trustee on our Living Trust Account Signature CardApplication and Agreement. A person named as a trustee on the Living Trust Account Signature Card has the same rights, responsibilities and liabilities as an owner of an account under this Agreement to open, change, add or close an account or service. Each trustee understands that any trustee acting alone may change, add or close the account and/or a service, and that his or her signature on the Living Trust Account Signature Card or continued use of an account or service confirms his or her agreement to any later change, addition or closure of an account and/or service by any other trustee on the account. While any trustee may change, add or close the account and/or a service acting alone, we may require all trustees to consent in writing to the addition or removal of any trustee to or from the account. All trustees agree that we have no duty to notify the trustees of the account of any transaction, change, addition or closure of an account or service by any trustee acting alone. a. Trustee(s) affirm that the successor trustee(s) are Trustee(s)affirmthatthesuccessortrustee(s)are bound under the underthe Trust Instrument to Instrumentto serve, and are authorized and fully areauthorizedandfully qualified to act as trustee(s) actas trustee(s)in theeventthatall of thetrustee(s)named in the event that all of the trustee(s) named in the Membership Application or Living Trust Signature Card theCertificationof TrustAgreement resign, die, become incapacitated, or otherwise become unable to act as trustee(s) of the Trust. The Membership Application or Living Certification of Trust Signature Card Agreement will not be approved unless approvedunless successor trustee(s) are trustee(s)are designated. b. We may require you requireyou to provide us with a notarized certification of trust certification confirming your power as a trustee prior to opening the account or making confirmingyourpowerasatrusteepriorto openingtheaccount ormaking changes to the account. c. We are not required to know, understand, interpret, or enforce the terms of your written trust instrument. The Credit Union is not required to keep any Trust Instrument in its TrustInstrumentinits files and is not liable for the contents liableforthecontents of a Trust Instrument. .THE CREDIT UNION HAS CREDITUNIONHAS NOT RECEIVED A RECEIVEDA COPY OF THE TRUST INSTRUMENT AND SHALL TRUSTINSTRUMENTANDSHALL IN NO EVENT BE LIABLE FOR ITS FORITS CONTENTS. d. You acknowledge Youacknowledge that the account is governed by the applicable terms and conditions set forth in this Agreement conditionssetforthinthisAgreement and by the terms and conditions set theterms andconditionsset forth in the Living Trust Account Signature Card that you will intheCertification of TrustAgreementthatyouwill be asked to sign askedtosign when the account is opened. e. Trust accounts are not subject to the Multiple Party Accounts law.