The Morningstar Bank of Neoxian - 2021-11-25

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The Bank of Neoxian shall loan the sum of 1500 hive to @nonsowrites. He promises to repay 1650 hive in three months time.

The account of @nonsowrites shall be taken as collateral.

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 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.
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.

Collateral is returned upon successful completion of loan.

Please sign below...

neoxian palnet pob leo
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14 comments
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I agree with this procedure if there is no error with the account and the bank is fully confident.

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I like the policy of getting the best loan in exchange for the keys

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A concrete contract agreement. Good luck continuing @nonsowrites

Cheers to today's fantastic Hive prices. 👏

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Hey neoxian
You're helping people in need and it's a great initiative. Hope he will return the funds on time.

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Hello @neoxian… I have chosen your post about “-The Morningstar Bank of Neoxian - 2021-11-25-” for my daily initiative to re-blog - vote and comment…
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Let's keep working and supporting each other to grow at Hive!...

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