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EFTA01279927.pdf
AI Summary
This is a standard banking document from Fifth Third Bank regarding loan number 420361321, establishing terms for electronic storage of loan-related documents. It appears to be a routine stipulation agreement allowing the bank to store documents electronically and destroy paper originals. [Rating: 2/10 - Standard banking boilerplate document with no substantive case-specific content or named individuals]
Extracted Entities
| Name | Type | Context |
|---|---|---|
| Fifth Third Bank | organization | Bank entitled to enforce the loan instrument and store documents electronically |
Full Text
Loan Number. 420361321 STIPULATION FOR ELECTRONIC STORAGE OF INSTRUMENTS AND DOCUMENTS The undersigned Bormwer(s) and their heirs, successors, assigns and any holder by operation of law of any interest in this instrument hereby stipulate and acknowledge that all documents relating to the above-referenced Loan, including, without limitation, applications. financial statements, account statements, instruments, resolutions, signature cards, account agreements, loan commitments, pmmissory notes, allonges, loan extensions, assignments, security agreements, and all records and correspondence relating thereto, whether now existing or created hereafter, may be stored as electronic images and the originals of the electronically stored documents shall be destroyed. The electronic image shall be deemed to serve as the original of the instmment or document thereafter. The Borrower(s) hereby agree and stipulate that a printed reproduction of the electronically stored document may be 'Sell in place of the original in any litigation, correspondence or other proceeding requiring production of the original. The Borrower(s) hereby agree and stipulate that the paper original of the electronically stored document is deemed to have been destroyed on the dale the document was electronically imaged and stored and that Fifth Third Bank was entitled to enforce the paper instrument at the time the paper instrument was destroyed. Bo Borrower Bowyer Borrower !3414701042036 CONFIDENTIAL SDNY_GM_00030611 EFTA 00141226 EFTA01279927