Deposit Agreement



 Exhibit 10.16 

 

			
	 




  
	  	Deposit Agreement

 This Deposit Agreement (Agreement) is made as of May 15, 2000, between: The Federal Home Loan Bank of Topeka
(Bank) and Security Life of Denver Insurance Company (Institution), which has its principal office at 1290 Broadway, Denver, CO 80203 
  

 
  
  

WHEREAS, the Institution desires to open one or more deposit accounts with the Bank and the Bank is willing to open such an account or accounts
for the Institution upon the terms and conditions herein set forth; 
 NOW, THEREFORE, the Institution and the Bank agree as follows:

  

	 	1.	The Bank agrees to open one or more deposit accounts for the Institution, from time to time, upon the request of the Institution. All accounts established hereunder
shall be subject to and governed by the Rules and Regulations Governing Deposit Accounts, as the same shall be adopted by the Bank from time to time (Rules and Regulations). The Institution acknowledges receipt of a copy of the Rules and Regulations
as in effect on the date hereof. Any changes in the Rules and Regulations shall be effective as to the Institution ten (10) days after the Bank mails a copy of such changes to the Institution at the address as listed below or such other address
as the Institution shall provide to the Bank in writing, or the effective date of the Rules and Regulations, whichever is later. 

  

	 	2.	The Institution agrees to pay, in the manner prescribed in the Rules and Regulations, the Bank’s customary charges with respect to any accounts established
hereunder. 

  

	 	3.	If the Institution has entered into (or shall hereafter enter into) an Advance, Pledge and Security Agreement (Advance Agreement) with the Bank, the Institution hereby
grants to the Bank a lien on and security interest in any credits, deposits and monies in the accounts of the Institution maintained by the Bank upon the terms and conditions set forth in the Advance Agreement, to secure the repayment of any and all
indebtedness of the Institution to the Bank under the Advance Agreement or otherwise, and the Institution agrees further that upon maturity of any indebtedness owed to the Bank by the Institution, either by its terms or by acceleration, the Bank
may, in its sole discretion and without limiting any other rights and remedies and without notice, setoff and apply any sums then on deposit to the payment of any such indebtedness. 








 IN WITNESS WHEREOF, the Institution and the Bank have caused this Agreement to be signed in their
names by their duly authorized officers. 
  

									
		 		 		 	Institution:
			
	Date: May 15, 2000	 		 	Security Life of Denver Insurance Company
		 		 		 	Name of Institution
				
		 		 		 	1290 Broadway, Denver, CO 80203
		 		 		 	Address
					
		 		 		 	By:	 	/s/ Gregory McGreevy
		 		 		 		 	Authorized Signature
					
		 		 		 		 	Gregory McGreevy, President, ING
		 		 		 		 	Typed Name and Title Institutional Markets
					
	Attest:	 	/s/ Eric Banta	 		 		 	
				
	Eric Banta	 		 		 	
	Assistant-Secretary	 		 		 	
				
		 		 		 	 Federal Home Loan Bank of Topeka
 2 Townsite Plaza
 P.O. Box 176

Topeka, KS 66601-0176

				
	Date: June 28, 2000	 		 	By:	 	/s/ Sonia Betsworth
		 		 		 		 	Authorized Signature
					
		 		 		 		 	Sonia Betsworth, SVP
		 		 		 		 	Typed Name and Title
					
	Attest:	 	/s/ Tad Kramar	 		 		 	
				
	Tad Kramar, Ass’t. Secretary	 		 		 	
	Secretary