The Spooky Bank of Neoxian: daily contracts: 2018-10-19

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This post contains two contracts...

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The Bank of Neoxian shall loan the sum of 570 steem to @chronocrypto. He promises to repay 670 steem. He shall repay via powerdowns from both @chronoboost and @xopus until 670 steem is reached. The powerdowns are scheduled for Tuesdays.

The Bank retains the owner keys of @chronoboost and @xopus and shall return them when this loan is complete.

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The Bank of Neoxian shall loan the sum of 400 usd to @sk-russell. He promises to repay 450 usd. He shall pay 112.5 usd per month until 450 usd is reached. The first payment shall be Nov 20th, 2018.

The money amounts are in terms of USD, but are transacted in SBD and/or Steem. The website coinmarketcap.com shall be used to determine the prices for purposes of payment.

@sk-russell shall offer up the Owner key of @xave for this loan.

@sk-russell 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.
The Lendee agrees this contract remains valid regardless of any flags this contract post might receive.
Owner key(s) will be returned upon successful completion of loan.

The Bank retains the Owner key of @sk-russell and shall not return it without this loan being complete (also the existing loan.)

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