COMMERCIAL STATE BANK- Card Regulations 4. Agreement. These regulations govemn the possession and use of credit cards (“card’} issued by COMMERCIAL STATE BANK (‘Is-uer}. Each person who applies for a credit card and in whose name the card is issued (Ho'der} consents and agrees to these regulations and to the terms contained on the credit cards, sales drafts, credit adjustment memos and cash advance drafts, signed by of given to Holder or any authorized user of Holder's cards, When credit cards ara issued upon the appication of two or mofe persons, all such persons shail be jointly and severally liable as Hoiders. The provisions of these regulations, as amended from time fo tme, govern Holder's obligations, notwithstanding any additiona! or different terms contained in sales drafts, credit adjusiment memos, cash advance drafts or other forms signed by or given to Holder or arly user of Holders cards to evidence a credit card transacitoli; Holder authorizes an‘ investigation of Holder's credit standing prior to the issuance of a credit card to Holder and atany~ time thereafter and avthorizes disclosure of information to third parties refating to Holder's credit standing. These regulations apply to all credit- cards’ issiied fo Holder or to others 0 on Holders authorization and to any user of Holder's cards. oo 2. Use of Card. Credit for purchases from a merchant or a cash advance from a pariciating financial institubon may be obtained by Holder or an authorized user of Holder's card presenting — one of Hokler’s cards to the merchant or participating financial institution and, if requested, by providing ihe proper identifying information and signing the appropriate drafts. Failure to sign a draft does not relieve the Ho'der of liabiity for purchases made or cash received. The use of this card for Megat transactions is prohibited. The card may also be used {o odfain cash advances from certain automated equipment provided if is used with Holder's comect Personal Hdentificaion Number PIN") issued to Holder, Terminals or termina! operators may have other limits on the amounts or frequency of cash withdrawals. Holder wil not be fable for the unauthorized use of the card or PIN Issued to Holder which occurs before issuer receives ” notification orally or In writing of loss, theft or possible unauthorized use of a card or PIN. Lost or stolen cards or PINS should be reported immediately to Issuer by notifying CUSTOMER SERVICE, P.O. Box 30495, Tampa, FL 33630-3495 and Telephone (800) 423-7503. 3. Use of COMMERCIAL STATE BANK STATEMENTCHECKS. Credit obtained by use of STATEMENTCHECKS shall be treated as a cash advance, 4, Credit Line, Holder wil from fime to time be informed of the amount of the approved credit - fine established for Hokder, and Holder covenants not to make credit purchases or borrowings in. __ excess of that amount. Holder is able for all purchases and borrowings made with Holder's -. : duty contained in these regulations, if such event or breach materially impairs Holder's ability to pay ' cards by Holder or by anyone authorized to use Hokler’s cards, _ §. Payment, Holder will ba fumished a monthly statement for each billing period at the end of : : _laterest Charges) shal, at Issuer's option become immediately due and payable if Holder does. not cure the default within 15 calender days after notice is mailed to the address of Holder, o given.as ~ otherwise provided by law. issuer has this right, without notice end opportunity to cure; if the defaultis ., the Holder's third default within 12 months and the Holler is notified of the prior two defaults and the - Holder cured those defaults, o44¢ Termination. Holder's consent to these regulations may be tenminated at any time’ by --. : which there is an undisputed debit or credit balance of $1.00 or more. Holder shall pay within 25 days after each statement Closing Date either (a) the full amount billed (New Balance’) or, at -. Holder's option; (b} a minimum Payment of $20 OR 5% of the New Balance, whichever is . . greater. Payments may be mailed to VISA/ MASTERCARD, PO BOX 4512, CAROL STREAM, IL - - 60197-4512. Payments may be made, in person, at COMMERCIAL STATE BANK, 204 § Main St, Wagner SD, 57380. Payments received after 5:30 p.m. on any processing day or af any -- time on any non-processing day will be considered as payments made on the following processing day. All payments by Holder will be appied first to payment of Interest Charges in the. order of their entry to the account, second to additonal fees and credit insurance chamges, if any, in the order of thelr entry to the account, third to previously bifed cash advances, purchases and other similar charges in the order of their enty to the account, and then to current cash advances, purchases and other similar charges in the order of their entry to the account. -, 6. Interest Charges. Holder shall pay Interest Chamges as shown on Holder's monthly statements, for each billing period In which there Is a cash advance or the Previous Balance is not paid in full prior to the Closing Date of the bifing statement. For cash advance feas, please see the Rates and Fees Disclosure Table. The interest charges — for cash advances begins from the date you obtained the cash advance or the first day of the bifing cycle in which itis posted to your account, whichever Is the later. There Is no grace period. The tnierest charges for a bling cycle are computed by appiying tha monthly periodic rate to the “Average Daily Balance’ of your account To get the average daily balance, we fake the beginning balance of your account each day, add any new purchase or cash advances and subtract any payments, credits, non-accruiag fees, and unpaid interest charges. This gives us the daily balance. Then we add up all the daily balances for the biling cycle and divide the total by the number of days in the bilfing cycie. For purchases, to avold incurring any additional interest charges on the balance of purchases reflected on your monthly statement and on any new purchases appearing on your next monthly statement, you must pay the new balance shown on your monthly statement on or before the payment due date. The interest charges for a billing cycle are computed by apptying the monthly periodic rate to the average daily balance of purchases. To get the average daily balance, we fake the beginning balance of your account each day, add any new purchases or cash advances, and subtract any payments, credits, non-accruing fees, and unpaid interest charges. This gives us the daily balance. Then we add up ail the daily balances for the billing cycle and divide the total by the number of days In the billing cycle. 7. Annual Percentage Rate. The current Periedic Rate and comesponding ANNUAL PERCENTAGE RATE for purchases and cash advances may be seen on the Rates and Fee Disclosure Table accompanying this agreement 8. Additional Fees. For a listing of fees charged in association with this card, please see the Rates and Fees Disclosure Table accempanying this Agreement. These changes wit not be imoosed if Holder's request Is in connection with or delivery of the documents in response to an        alleged bilfag error under Reguiations E or 27 issued by the Board of Gavamors of the Federal Reserve System. Fees imposed wil be posted to Holder's account. 9. Security Interest. All credit advanced to Holder for credit purchases or cash advances constitutes loans made by Issuer fo Holder ia the state of SOUTH DAKOTA. Issuer discalms as security for joans made to Holder under these regulations any security interest it may at any time have in household goods or real property. Except as disclaimed above, loans made fo Holder after the effective date of these regulations may be secured by collateral given by any Holder fo secure other toans from issuer, 10. Insurance. If the Holder is eligible and elects to participate in the group czedit He, disability and loss of income insurance program by sigaing the appropriate enrolment forms, insurance charges wil } posted tg Holder's account each slatement period at the rate disclosed in the enrotiment form based upon thie New Balance on the account (Incleding accried Interest Charges) for each statement _ ‘period? CREDIT: LIFE, DISABILITY AND LOSS OF INCOME INSURANCE IS VOLUNTARY AND IS - NOT-REQUIRED AS A CONDITION TO ROLDER’S PARTICIPATION IN THIS CREDIT PLAN, -! 41. Foreign Transactions. If a Holder's card fs used to effect a transaction in a foreign currency, the ~ transaction amount wil be converted to U.S. dollars by VISA/MASTERCARD. VISA/MASTERCARD converfs currency to U.S. dollars using either the govemment mandated exchange rate or the wholesale exchange rale, in effect one day before the date of the conversion, as applicable. The exchange fate is increased by 1% if the conversion is made in connection with a charge to an account and decteased by 1% if the conversion fs made in connection with a cedit to an account The dale of conversion by VISAIMASTERCARD may differ from the purchase date and the posting date Identified in the monthly statement for the account Holder agrees to pay charges and accept credits for the converted transaction amounts in accordance with the terms of thls paragraph, 12. Disputes. Issuer is not responsible for refusal by any merchant, financial institution or automated equipment to honor of accept a card. Except as provided in the Federal Truth-In-Lending laws. (as indkated in the Summary of Biling Rights), Issuer has no responsiblity for merchandise or services obtained by Holder with a card and any dispute conceming merchandise or services will be settled between Holler and the merchant concemed. 43. Default, Holder covenanis to observe and comply with these regulations and covenants not to * permit an event of default to occur. Upon the occurrence of any one oF more of the following events of default (a) Holder fails to pay at least the Minimum Payment when due on two occasions within any ~ {2-month period; or (b) Holder dies, ceases to exist, changes residency to another state, becomes insolvent or the subject of bankruptcy or insolvency proceedings or falls fo observe any covenant or ©. : amounts dua; the full amount of Hokler’s account for which the default occurred (including unpaid surrendering the cards issued to Holder or at Holder's written request, but such termination shall not . : affect Holder's obligations as to any balances or charges oufstanding at the time of termination. . , “Termination by any Holder shall be binding on each person in whose name the card is issued, if Hokler’s spouse terminates tis credit plan, the full amount of Holders account (inckiding unpaid ‘Interest Charges) may be declared immediately due and payable. Issuer may terminate Holder's "privilege to use the cards if Holker moves out of the service area of Issuer, as defined by Issuer from fime io time. Unless sconer terminated, the priviege fo use the cards shall expire on the date shown on the cards. At any time, without ability fo Holder and without affecting Holder's fabiity for credit ~ previously extended, Holder's privilege to use the cards may be revoked or limited to the extent not prohibited by law. The cards are and shall remain the property of Issuer and Holder agrees fo surrender them fo Issuer upon demand. 15, Amendments. Issuer may amend these requfations from time to time by sending Holder advance vaitten notice not fess than 90 days prior fo the effective date for any change that is either adverse to Holders outstanding balance or increases certain fees, as required by the SOUTH DAKOTA Consumer Act from time to time, or not less than 15 days prior to the effective date for other changes, or as may othenvise be required or permitted by law. To the extent that Issuer indicates in the notice and that the law permits, amendments wil apply to Holder's existing account balance as well as to future fransactions, Notices are deemed given when mailed by issuer fo any Hoder fo the current address for mailing monthly statements. Invalidity of any provision of these regulations shall not affect the validity of any other provisions unless olhervise provided by the SOUTH DAKOTA Consumer Act. 16. Governing Law. Holder agrees to be govemed by the SOUTH DAKOTA Consumer Act with respect to all aspects of the transactions arising under these regulations. All statutory references are to the statutes as they may be renumbered or amended from time fo time,