Bank of Nova Scotia Personal security program certificate for Harold Applebaum

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Ottawa Jewish Archives via Canadian Jewish Heritage Network (incl. Alex Dworkin Canadian Jewish Archives)

Dates

January 25, 1960 (indexed as 1960)

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BankCertificateCoat of ArmsDocumentHandwrittenInsurancePrintedSealSignatureTypewrittenTagged automatically by a vision model; may contain mistakes.

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THE BANK OF NOVA SCOTIAPERSONAL SECURITY PROGRAMCertificateThe EstateMETCALFE & ALBERT BRANCH2-462 Ottawa, Ont.BranchTHIS IS TO CERTIFY THAT Harold Applebaum (hereinafter called the Purchaser) is the purchaser of a BANK OF NOVA SCOTIA PERSONAL SECURITY PROGRAM ACCOUNT of the maturity value of One Thousand Five Hundred Dollars ($1,500.00). The Account will be paid for at the rate of $30.00 per month for fifty months, the first payment of which is acknowledged by receipt in the coupon receipt book and the remaining payments will be payable on the 15th day of each of the succeeding 49 months.In the event of the death of the Purchaser prior to maturity of the Account, the balance thereof shall be payable to the beneficiary.The Account shall be subject to the statements and the terms and conditions contained in the application signed by the applicant for the Account and in the coupon receipt book issued by the Bank in connection with the Account. The Account will receive a cash bonus, payable at maturity. In the event of earlier termination of the contract, the accumulated cash bonus to date of termination will be allowed. The amount of the cash bonus may be ascertained upon enquiry at the Bank.This is also to certify that the life of the Purchaser is insured in accordance with and subject to the terms of the group policy No. G. 1534 issued by The Canada Life Assurance Company. Insurance in the amount of $1,500.00 is provided in respect of the above Account. However, the insurance will not be payable if the death of the Purchaser results directly or indirectly from war (whether declared or undeclared) or in event of self-destruction of the Purchaser (whether sane or insane) within two years of the effective date of this certificate.BENEFICIARY OF ACCOUNT AND INSURANCENameRelationshipif living, otherwise the Purchaser's estate, with the right to change reserved to the Purchaser.The insurance will terminate upon termination of the Account. An Account shall be deemed to have terminated (a) if and when any payment to be made to the Bank in respect of such Account is one month overdue, (b) upon the withdrawal of all or any portion of the balance of such Account prior to its maturity, (c) on the day following receipt by the Bank at its Branch Office where such Account is carried of written notice from the Purchaser that such Account is to be terminated or (d) one month after the last payment becomes due, whether paid or unpaid; whichever first occurs.If the insurance terminates as aforesaid, except as in (d), above, the Bank shall have the right to charge the above Account with an amount to cover the Bank's services up to that time.IN WITNESS WHEREOF, this Certificate has been executed as of January 25, 1960, its effective date, and duly countersigned by an authorized officer of the Bank.CountersignedGeneral ManagerRead automatically; may contain mistakes.

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2026-10-17T20:12:41Z · source datestamp n/a · cjhn

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