The Space Pope Bank of Neoxian: daily contracts: 2020-01-22

The Bank of Neoxian shall loan the sum of 550 steem to @abcor. He promises to repay 605 steem in two months time. The bulk of the loan (about 80%) shall be repaid via automated powerdowns to the bank, and remaining shall be paid out of pocket.

@abcor 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 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.
Owner key(s) will be returned upon successful completion of loan.

Please sign below...

(space pope pic from Futurama TV series.)

Posted via neoxian.city | The City of Neoxian