Thank you for your interest in mortgage financing with First

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Thank you for your interest in mortgage financing with First Powered By Docstoc
					Thank you for your interest in mortgage financing with First Heritage Mortgage, LLC. By
printing these documents you have begun the loan application process. Please complete and
sign all of the loan documents. If you are unsure about a particular document, you may call
your loan officer for directions. When completing the loan application, you do NOT need to
complete sections I, II and VII. When completing the Financing Agreement, do not complete
the loan information on page 2. Your loan officer will complete this section once you have
locked in your rate. Make sure to initial one of the paragraphs labeled “Float Election” or
“Lock-in Election”. Please pull together the items listed on the loan application checklist which
you should have printed separately. If you can't find some of the required documents, collect as
many of them as you can. Your loan officer will review your loan application and work with
you to gather all documentation necessary to complete your loan.

First Heritage Mortgage is a ‘George Mason Mortgage Managed Company’ which has been
officially ranked as Northern Virginia's leading lender for the last five years. We originate
mortgage loans for new homes and resale’s in Virginia, Maryland, and Washington, DC.
Furthermore, with George Mason as our partner, we offer virtually every loan program
imaginable with the most competitive rates you will find. Most importantly, our loan officers
have the ability to meet any and all of your mortgage lending needs. What you need in a loan
officer is dependability and reliability. We promise to give you both!

First Heritage Mortgage is an approved lender with many builders in Northern Virginia because
we offer a wide variety of mortgage loans to suit borrowers’ unique needs. Fixed rates (30 & 15
year terms), Adjustable Rate (ARMs), Temporary Buydowns and loans 'outside the box' (i.e., no
documentation, low documentation, credit impaired, 100% financing (up to $500K with no
PMI), 103% financing (to include some of your closing costs), 90% investor loans w/o PMI,
non-permanent resident alien, etc.) are all available. If you are purchasing a new home that
will not be completed for some time, we offer extended locks on some of our products that will
extend for up to one year AND allow you to float down to a better rate if interest rates have
improved prior to the completion of your home. Most of our fixed rate and ARM products now
come with a five percent down, no PMI option (Ask about our 80-15-5). Additionally, if you
are buying land to build a custom home, Construction/Perm lending is one of our specialties
at First Heritage Mortgage. We offer a one-time closing on our Construction/Perm program
which is second to none!

Again, thank you for your interest in mortgage financing with First Heritage Mortgage. Your
loan officer would be happy to set up a meeting to discuss any questions you may have about the
mortgage loan process, loan programs, and rates. Furthermore, if you are not ready to buy a
home at this time and want to be pre-approved for a future purchase, your loan officer would be
glad to meet with you. There is no cost to do so!

Please feel free to call your loan officer at any time to discuss mortgage financing.

Thank you.



The undersigned Certify the Following:
1. I/We have applied for a mortgage loan from First Heritage Mortgage. In applying for the loan, I/We
   completed a loan application containing various information on the purpose of the loan, the amount and
   source of the down payment, employment and income information, assets and liabilities. I/We certify that
   all of the information is true and complete. I/We made no misrepresentations in the loan application or
   other documents, nor did I/We omit any pertinent information.
2. I/We understand and agree that First Heritage Mortgage reserves the right, if originated under a reduced
   or alternative documentation, to change the mortgage loan review process to a full documentation
   program. This may include verifying the information provided in the application with the employer and/or
   financial institution.
3. I/We fully understand that it is a Federal crime punishable by fine or imprisonment, or both, to knowingly
   make false statements when applying for this mortgage, as applicable under the provisions of Title 18,
   United States Code, Section 1014.

                                         AUTHORIZATION TO RELEASE INFORMATION
To Whom It May Concern:
1. I/We have applied for a mortgage loan from First Heritage Mortgage. As part of the application process,
   First Heritage Mortgage may verify information contained in my/our loan application and in all other
   documents required in connection with the loan, either before the loan is closed or as part of its quality
   control program.
2. I/We authorize you to provide to First Heritage Mortgage, and to any investor to whom First Heritage
   Mortgage may sell my/our mortgage, any and all information and documentation that they request. Such
   information includes, but is not limited to, employment history and income; bank, money market, and
   similar account balances; credit history, and copies of income tax returns.
3. First Heritage Mortgage or any investor that purchases the mortgage may address this authorization to any
   party named in the loan application.
4. A copy of this authorization may be accepted as an original.
5. Your prompt reply to First Heritage Mortgage or the investor that purchased the mortgage is appreciated.

  Borrower                                                  Social Security Number

  Co-Borrower                                               Social Security Number

  Co-Borrower                                               Social Security Number

  Co-Borrower                                               Social Security Number

Certification & Authorization (9/2000)
                                          FINANCING AGREEMENT



Property Address: ___________________________________________________________________

Thank you for choosing First Heritage Mortgage, LLC (“Lender”) to finance your home. The purpose of this
Agreement is to afford you an opportunity to select the right financing for your needs by clarifying the terms and
conditions of Lender’s programs. It is intended to supplement and other disclosure documents that have or will be
given to you, such as the Good Faith Estimate of Closing Costs, the Truth-in-Lending Disclosure, and the Program
Disclosure. Employees of Lender have not authority to vary the terms and conditions outlined in this agreement,
except in writing by authorized personnel, nor should you rely on any representation or warranty that is inconsistent

I. OPTION TO LOCK-IN OR FLOAT. Interest rate and points fluctuate according to market conditions and are
based primarily on what it costs Lender to obtain money and make mortgage loans. We understand that such
fluctuations may have a serious impact on you. Therefore, subject to the conditions detailed below, Lender offers you
two options for determining the interest rate and total number of points associated with your loan. You must choose
COMMITMENT BY LENDER TO MAKE YOU A LOAN. Rather, this agreement is issued for the sole purpose of
disclosing the choices available to you to establish the type of loan, the rate of interest and the total amount of points
for your loan. For purposes of this agreement, the total points may consist of the origination fee, discount points
and/or extended lock fees; one (1) point equals one percent (1%) of the principal amount of your mortgage loan.
      A. Lock-in. You may elect to lock-in the interest rate and total points for your loan application for a specific
      period from the date of this agreement. This is referred to as a “lock-in period.” If you elect to lock-in, the
      interest rate and points offered for your loan will not change during the lock-in period, regardless of any
      increases or decreases in the rate and points subsequently offered to the public by Lender. A lock-in preserves
      only your interest rate and points. Other fees and charges are subject to change until settlement.
      B. Float. Alternatively, you may elect to “float”, or to defer a decision to lock-in the interest rate and total points
      until a later date. The actual rate of interest, number of total points and types of loan programs available are
      subject to change until you lock-in and will depend upon prevailing market conditions and the terms offered to the
      public at the time of your lock-in. These terms may be either higher or lower than the rate and points being
      offered by Lender at the present time, and programs may have been added or discontinued.
      C. Method of Election. The election to lock-in now or float and lock-in the interest rate and points at a later
      date is entirely your choice. Employees of Lender have no authority to advise you on such matters nor should
      you rely on any such advice. Election of an option must be made at the time of your application.
II. CONDITIONS OF THE LOCK-IN. All lock-ins shall be subject to the following conditions:
      A. Your loan application must be approved, and the loan closed in accordance with the processing, underwriting
      and closing requirements, conditions, policies, procedures, rules and regulations of Lender, FHLMC, FNMA,
      FHA, VHDA, VA, any private mortgage insurer that my insure your loan, and any investor that may purchase
      your loan from Lender. If your loan is denied by Lender or any of its investors/brokers, then your lock-in
      shall be deemed null and void.
      B. The items listed in the Borrower’s Checklist, provided by your loan originator and/or loan processor must be
      supplied promptly by your or a third party in order to enable Lender to process and evaluate your loan
      C. The referenced property address remains the same.
III. LIMITATIONS TO LOCK-IN. Lender’s Reliance on Third Parties. Based upon its experience, Lender believes
the lock-in period is a reasonable amount of time in which to close the loan. Not all locked-in loans, however, close
within the lock-in period. Lender’s decision to make a loan is based in part on: (i) its review of materials that are
provided by you or are prepared by persons who are not our employees and (ii) the review and approval of the loan
by government agencies and private companies which may insure or guarantee payments to be made by you under
the loan or to which Lender may sell the loan or from which it may obtain the funds to make the loan.

INFORMATION IN A TIMELY FASHION. For example, the processing of a loan obtained to purchase a home under
construction is subject to the progress of construction. Similarly, if you have a history involving past incidents of
delinquency or default, or an employment history involving job instability or self-employment, it may take Lender more
time to obtain the information it needs in order to determine whether you can adequately meet your potential
mortgage obligation. The companies to which we write to verify the status of your liabilities may not respond
promptly. In addition, experience indicates that during periods of low interest rates, the volume of loan applications
increase significantly; this increase in volume may strain the capacity of persons or companies to conduct the
required inspections and analysis or to respond to our inquiries. IN GOOD FAITH, LENDER WILL SEEK TO OBTAIN
      By your execution of this agreement, you acknowledge and agree that it is your responsibility to provide
promptly all documentation, information and certification that Lender reasonably may request, and you authorize
Lender to take such other actions as reasonably may be necessary to enable it to process the loan application, to
obtain all required information and approvals form third parties and to effect loan settlement.

Financing Agreement (11/2006)                      Page 1 of 3
IV. EXPIRATIONS OF LOCK-IN PERIOD. While we will take reasonable steps to close your loan within the lock-in
period, we cannot guarantee it will close on time. Following the expiration of the lock-in period, Lender will either; 1)
Extend the term of the lock-in period and continue to offer the rate and points at which you previously locked-in (there
may be a charge that you agree to pay) or 2) Offer the same programs, rate and points it then offers to the public,
WHICHEVER IS HIGHER. The rate and points offered will be the higher of the original lock-in or Lender’s
current rate/point structure existing at the time you choose to re-lock.


Expiration Date:                             Sales Price:                      Loan Amount:
Loan Type:                                   Loan Terms:
Program Type:                                (Caps:                            Margin:               )
Buydown Type:                                Balloon:
%Interest Rate:                              % Discount Points:                % Origination Points:
% Lender Credit:                             Interest Only:                    Pre-Payment Penalty:

_______ FLOAT ELECTION: If you elect to float, it will be your responsibility to monitor Lender’s current loan
terms and programs in order to determine when to lock-in. Verbal lock-ins will not be honored. To effect a valid lock-
in of your interest rate, points and program, you and an authorized Lender representative (loan originator or corporate
officer) must sign our Addendum to Financing Agreement with all blanks completed, on the day that you wish to lock-
in. Lender’s mortgage interest rates are subject to change at ANYTIME during the day. Typically, Lender will make
rates available each business day starting at approximately 11:30 a.m. The cutoff time to lock-in rate and points is
4:30 p.m. each business day. Your loan must be locked-in at least ten (10) business days prior to closing. If
you fail to lock-in at least ten (10) business days prior to closing, your loan may not close as scheduled.

I hereby elect to FLOAT my rate and points. (Borrower to initial) ________

_______ LOCK-IN ELECTION. If you have elected to lock-in your interest rate at the time of this Financing
Agreement, the terms of this Financing Agreement shall expire automatically on the Expiration Date noted above.
Lender reserves the right to cancel this Agreement upon expiration of the lock-in period. The rate and points offered
at that time will be the higher of the original lock-in or Lender’s current rate/point structure existing at the time you
choose to re-lock.

I hereby elect to LOCK-IN my rate and points. (Borrower to initial) ________

A$                          fee is due upon execution of this Agreement. The fee:

_____      Is credited at closing with Lender and is refundable only if the loan is denied based upon receipt of a fully
           documented application. If this loan does not close prior to the above Expiration Date, the application fee
           is retained by the Lender as an earned fee for providing interest rate protection for the time period

_____      Is credited at closing with Lender but is nonrefundable regardless if the loan is denied or withdrawn.

_____      Is not credited at closing and is nonrefundable.

VI. ESTIMATE OF PROCESSING TIME. Lender estimates that it will take approximately 45 days to process and, if
approved, close your loan; taking into account Lender’s estimate of the time necessary for the performance of any
local government inspections and other functions necessary to close the loan. The actual time necessary to process
and close the loan may vary from the estimate due to delays in Lender receiving required information from you or
from independent third parties. Therefore, Lender is unable to guarantee that your requested loan will be approved
or closed within the estimated time or prior to the expiration of any applicable lock-in period.

VII. LOAN PROGRAM. Lender cannot guarantee acceptance of your application into a particular loan program.

VIII. PRIVATE MORTGAGE INSURANCE. If private mortgage insurance is required to be purchased as a condition
of making this loan, you as a borrower, may be eligible at a time after closing to request that under appropriate
circumstances the private mortgage insurance be canceled.

IX. RIGHT TO RESCIND. If you are applying for a refinance loan secured by your principal residence, no funds can
be disbursed to anyone until the fourth business day following loan closing.

X. RIGHT TO RECEIVE AN APPRAISAL. You have the right to receive a copy of the appraisal report used in
connection with your application for credit. If you would like a copy, you must put your request in writing to us at
First Heritage Mortgage, LLC, 4100 Monument Corner Drive, Suite 210, Fairfax VA 22030.

We must receive your request no later than 90 days after we notify you about action taken on your credit application
or after you withdraw your application. Your request must include your name, the subject property address, the loan
number (if available) and current mailing address.

XI. RELEASE OF INFORMATION. (Line through if you do not authorize this release.) To facilitate the processing
and closing of my loan, I authorize the release of any information about the loan to which I am entitled to the
settlement agent, the builder, and/or the real estate agents that listed or sold the referenced property. I agree to
indemnify, discharge and hold harmless Lender, its stockholders, officers and agents from any and all claims, liability,
loss or other expenses (including but not limited to legal fees) resulting from disclosure of such information.

XII. ATTORNEY/TITLE COMPANY. It is your option and responsibility to choose an attorney or title insurance
company to conduct settlement of this loan. Failure to select an attorney or title agent may result in a delay in your
loan closing.

XIII. FLOOD INSURANCE. If on the date this loan is closed, the property is in an area that has been identified by
Federal Emergency Management (FEMA) as having special flood or mudslide hazards and in which the sale of flood
insurance policy has been made available under the National Flood Insurance Act of 1968, you must purchase a
flood insurance policy satisfactory to the Lender which contains the Lender loss payee clause. Such coverage shall
be in an amount equal to the balance of the loan or the maximum amount of National Flood Insurance Premium
(NFIP) Insurance available, whichever is less. The effective date should be the day of or prior to settlement.

Financing Agreement (11/2006)                     Page 2 of 3
XIV. EQUAL CREDIT NOTICE. The Federal Equal Credit Opportunity Act prohibits creditors from discriminating
against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the
applicant has the capacity to enter into a binding contract); because all of the applicant’s income derives from any
public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit
Protection Act. The Federal agency that administers compliance with this law concerning this creditor is Federal
Trade Commission at 600 Pennsylvania Avenue, NW Washington DC 20580.

You need not disclose income from alimony, child support or separate maintenance unless you desire such income to
be considered in determining creditworthiness.

You may be asked to answer questions regarding your race/national origin, sex, marital status, and age. You do not
have to answer such questions if you do not want to do so, but we are required to ask them for the reason that such
information is being requested by the Federal Government to monitor compliance with Federal Anti-Discrimination
Statutes, which Statutes prohibit creditors from discriminating against applicants on those bases.

If a courtesy title is included in the application (i.e. Mr., Mrs., Ms., Miss), providing such information is optional.

XV. MISCELLANEOUS CHARGES. In order to obtain loan approval it is sometimes necessary to obtain verifications
of employment, verifications of deposit, and condominium approval letters. Additionally, it may be necessary to use
courier services and/or overnight delivery services. Whether or not these items are necessary will depend on the
type of loan for which you are applying as well as the property type. In some instances your employer will use an
employment verification service to provide that information to lenders. Employment verification companies charge for
any information we obtain. Financial institutions commonly will charge for verifications as well. If purchasing a
condominium, the property management company may also charge for information pertaining to investor ratios and
homeowner delinquency ratios. If Lender incurs any of these fees to complete the processing and approval of your
loan, the full cost will be charged to you at settlement.

XVI. PRIVACY POLICY. Lender knows how important personal privacy is to its customers. Because of our interest
in protecting your privacy, Lender has adopted a privacy policy. Lender will not reveal specific information about your
accounts or other personally identifiable data to parties outside our affiliated banks and companies for their
independent use unless: (1) you request or authorize it; (2) the information is provided to help complete a transaction
initiated by you; (3) the information is provided to a reputable credit bureau or similar information reporting agency; or
(4) the disclosure otherwise is lawfully permitted or required. Lender will not provide account or personal information
to non-affiliated companies for the purpose of independent telemarketing or direct mail marketing of their products or



________________________________________                        ________________________________________
Borrower                                                        Co-Borrower

________________________________________                        ________________________________________
Co-Borrower                                                     Co-Borrower


By:_______________________________________                      Title:_______________________________

Financing Agreement (11/2006)                       Page 3 of 3
                                                   ADDENDUM TO FINANCING AGREEMENT


 Property Address:

                                                      City                                     State/Zip
 This addendum is incorporated into and shall become a part of the original Financing Agreement between FIRST HERITAGE and the
 above captioned borrowers. This addendum supersedes any previous Addendum to Financing Agreement, which may have been issued
 by and between GMM, LLC and the Borrowers. The terms of this Addendum to Financing Agreement will remain in effect until issuance
 of our written commitment Letter, settlement date or expiration date, whichever occurs first.

   First Trust
                         Expiration Date                                 Sales Price                                    Loan Amount

         Conventional                      FHA               VA                        VHDA                  Other:_________________

         30 Years                          15 Years          Other:____________________

         Fixed Rate                        ARM (___________Caps /_________Margin)                      2/1 Buydown             Balloon

         % Interest Rate                   % Discount Pts                         % Origination Pts                    % Lender Credit

         Interest Only                     Pre-Payment Penalty

_____ Second Trust / _____HELOC’s

                         Expiration Date       $                         Sales Price            $                       Loan Amount

         20 Years                          15 Years               10 Years                      Other:____________________

         Fixed Rate                        30/15 Balloon                     Other:____________________

         % Interest Rate                   % Discount Pts                    % Origination Pts

         Interest Only                     Pre-Payment Penalty

 A $____________________ fee is due upon execution of this Agreement. The fee:

 _____ Is credited at closing with FIRST HERITAGE and is refundable only if the loan is denied based upon receipt of a fully documented
         application. If this loan does not close prior to the above expiration date, the application fee is retained by the Lender as an
         earned fee for providing interest rate protection for the time period described.

 _____ Is credited at closing with FIRST HERITAGE but is nonrefundable regardless if the loan is denied or withdrawn.

 _____ Is not credited at closing and is nonrefundable.

 In the event that this Addendum to the Financing Agreement is not fully executed and received on____________________ by 4:30 p.m., we
 may consider your Financing Agreement and this Addendum to the Financing Agreement null and void. Please return the original of this
 Addendum to the Financing Agreement and retain a copy for your records.



  Borrower                                                                   Co-Borrower

  Co-Borrower                                                                Co-Borrower

  First Heritage Mortgage, LLC                                               Date:

  By:                                                                        Title:

     Addendum to Financing Agreement (9/99)                                                                                   Page 1 of 1
                                           ADDENDUM TO GOOD FAITH ESTIMATE

The following is a list of service providers that First Heritage Mortgage may use in connection with your mortgage

                                               CREDIT REPORTING SERVICES

United 1 Resources                              Credit Bureau Systems, Inc.              Mortgage Credit Reports, Inc.
270 North Sherman Street                        8157 Old Cavalry Drive, Suite #204       1430 Joh Avenue, Suite L
Wilkes-Barre, PA 18702                          Mechanicsville, VA 23111                 Baltimore, MD 21227
(800) 438-2653                                  (800) 283-8584                           (800) 627-5363

                                                    APPRAISAL SERVICES

Omni Appraisal Services                         Keystone Appraisal Group                 No. VA Appraisal Services
10801 Main Street, Ste. 800                     244 Gretna Green Court                   11330 Edenderry Drive
Fairfax, VA 22030                               Alexandria, VA 22304                     Fairfax, Virginia 22030
(703) 591-4001                                  (703) 370-0751                           (703) 978-2110

Inman Appraisal Services, Inc.                  The Mid-Atlantic-Amburn Group, Inc.      Capital Appraisal Group, Inc.
7511 Oriole Avenue                              11417 Sunset Hills Road, Ste. 215        P.O. Box 3136
Springfield, VA 22150                           Reston, VA 22090                         Merrifield, VA 22116
(703) 866-3793                                  (703) 442-4780                           (703) 573-2200

Harry N. Singh                                  John C. Carmony Co.                      Renner, Hansborough & Reese, Inc.
2493 Iron Forge Road                            13306 Green Mallard Ct.                  4405 East West Highway #306
Herndon, VA 20171                               Clifton, Virginia                        Bethesda, Maryland
(703) 742-8636                                  (703) 802-2219                           (301) 961-6070

Range of Charges: Single Family Appraisal: $300 - $450 depending on location and property. Properties over $500,000
and 2-4 Family units may require an additional fee. Investment Properties will be an additional $100-$150. Final
Inspections: $75-$150. Review Appraisals: $125-$200

                                              PRIVATE MORTGAGE INSURANCE

GE Capital Mortgage Insurance                   Mortgage Guaranty Ins. Corp.             PMI Mortgage Ins. Co.
2000 Corporate Ridge, Ste. 160                  11250 Waples Mill Road, Ste. 310         14150 Newbrook Dr., #100
McLean, Virginia 22102                          Fairfax, VA 22030                        Chantilly, VA 20151
(703) 848-2300                                  (703) 385-3314                           (703) 449-5400

United Guaranty Residential                     Residential Mortgage Ins. Corp.
11320 Random Hills Rd., #250                    10300 Eaton Place, Ste. 290
Fairfax, VA 22030                               Fairfax, VA 22030
(703) 383-1230                                  (800) 866-7642

Range of Charges: Depends on LTV and product chosen. Please consult your Good Faith Estimate.

                                                    CLOSING ATTORNEYS
It is the borrower's responsibility to choose a closing attorney. An estimate of an average attorney's fee is listed on your
Good Faith Estimate, but please note this may vary depending on the Attorney chosen.

TAX SERVICE AGENCY                                                      FLOOD CERTIFICATION

Transamerica Real Estate Tax Service                                    First American Flood Data Services, Inc.
180 Admiral Cochland Dr., #250                                          11902 Burnet Road
Annapolis, Maryland                                                     Austin, Texas 78758
(410) 224-0280 Customer Service                                         (800) 447-1772
Range of Charges: $60-$80.

Borrower                                     Date                  Co-Borrower                                Date

Co-Borrower                                  Date                  Co-Borrower                                Date

Addendum to Good Faith Estimate (9/2000)

                                                First Heritage Mortgage, LLC
                                           4100 Monument Corner Drive, Suite 210
                                                      Fairfax, VA 22030


This disclosure contains important information about our HOME EQUITY LINE OF CREDIT (the “Plan”). You should read it carefully and keep a
copy for your records.

AVAILABILITY OF TERMS. All of the terms described below are subject to change. If any of these terms change (other than the annual
percentage rate) and you decide as a result, not to enter into an agreement with us, you are entitled to a refund of any fees that you paid to us or
anyone else in connection with your application.

SECURITY INTEREST. We will take a security interest in your home. You could lose your home if you do not meet the obligations in your
agreement with us.


          Termination and Acceleration. We can terminate the Plan and require you to pay us the entire outstanding balance in one
          payment, and charge you certain fees, if any of the following happen:

          a)   You commit fraud or make a material misrepresentation at any time in connection with the Plan. This can include, for example, a
               false statement about your income, assets, liabilities, or any other aspect of your financial condition.
          b)   You do not meet the repayment terms of the Plan.
          c)   Your action or inaction adversely affects the collateral for the Plan or our rights in the collateral. This can include, for example, failure
               to maintain required insurance, waste or destructive use of the dwelling, failure to pay taxes, death of all persons liable on the
               account, transfer of title or sale of the dwelling, creation of a senior lien on the dwelling without our permission, foreclosure by the
               holder of another lien or the use of or the dwelling for prohibited purposes.

          Suspension or Reduction. In addition to any other rights we may have, we can suspend additional extensions of credit or reduce your
          credit limit during any period in which any of the following are in effect:

          a)   The value of your dwelling declines significantly below the dwelling’s appraised value for purpose of the Plan. This includes, for
               example, a decline such that the initial difference between the credit limit and the available equity is reduced by fifty percent (50%)
               and may include a smaller decline depending on the individual circumstances.
          b)   We reasonably believe that you will be unable to fulfill your payment obligations under the Plan due to a material change in your
               financial circumstances.
          c)   You are in default under any material obligation of the Plan. We consider all of your obligations to be material. Categories of
               material obligation include, but are not limited to, the events described above under Termination and Acceleration, obligations to pay
               fees and charges, obligations and limitations on the receipt of credit advances, obligations concerning maintenance or use of the
               dwelling or proceeds, obligations to pay and perform the terms of any other deed of trust, mortgage or lease of the dwelling,
               obligations to notify us and to provide documents or information to us (such as updated financial information), obligations to comply
               with applicable laws (such as zoning restrictions), and obligations of any guarantor or co-maker. No default will occur until we mail or
               deliver a notice of default to you, so you can restore your right to credit advances.
          d)   We are precluded by government action from imposing the annual percentage rate provided for under the Plan.
          e)   The priority of our security interest is adversely affected by government action to the extent that the value of the security is less than
               120% of the credit limit.
          f)   We have been notified by government authority that continued advances may constitute an unsafe and unsound business practice.
          g)   The maximum annual percentage rate under the Plan is reached.

          Change in Terms. We may make changes to the terms of the Plan if you agree to the change in writing at that time, if the change will
          unequivocally benefit you throughout the remainder of the Plan, if the change is insignificant (such as changes relating to our data
          processing systems), or if the change involves a substitute index due to unavailability of the index (as described in the “Variable Rate
          Feature” section below).

FEES AND CHARGES. In order to open and maintain an account, you must pay certain fees and charges.

          Points: You may be required to pay loan origination and/or discount “points” on this loan. These fees equal $___________________.

          Third Party Fees: You must pay certain fees to third parties such as appraisers, credit reporting firms, and government agencies.
          These third party fees generally total between $350.00 and $2,500.00. Upon request, we will provide you with an itemization of the fees
          you will have to pay to the third parties.

PROPERTY INSURANCE. You must carry insurance on the property that secures the Plan.

MINIMUM PAYMENT REQUIREMENTS. Your regular payment will equal the amount of your accrued finance charges, late charges, and any other
charges, or $100.00, whichever is greater. You will make 119 of these payments. The next month you will then be required to pay the entire
balance owing in a single balloon payment. If you make only the minimum payments, you will not repay all of the principal balance by the end of the
Plan. Your payments will be due monthly. Your “Minimum Payment” will be the regular payment, plus any amount past due and all other charges.
In any event, if your credit line balance falls below $ 100.00, you agree to pay your balance in full.

MINIMUM PAYMENT EXAMPLE. If you made only the minimum payment and took no other credit advances, it would take 10 years to pay of a
credit balance of $ 10,000.00 at an ANNUAL PERCENTAGE RATE of 6.250%. During that period, you would make 119 monthly payments of $
100.00 and one final payment of $ 2,048.50.

TRANSACTION REQUIREMENTS. The following transaction limitations will apply to accessing your Credit Line by writing an EquityLine Check.

          Minimum Initial Draw Requirement: The minimum initial draw on your credit line will be for the maximum credit line amount.

          Minimum Advance Amount. The minimum amount of any credit advance that can be made on your Credit Line is $300.00. This means
          that an equityline check must be written for at least this minimum amount.

TAX DEDUCTABILITY. You should consult a tax advisor regarding the deductibility of interest and charges on the Plan.

                                                                                                          HELOC – Appl. Discl. 05/02
VARIABLE RATE FEATURE. The Plan has a variable rate feature. The annual percentage rate (corresponding to the periodic rate), the amount of
the final payment, and the minimum payment amount can change as a result. The annual percentage rate does not include costs other than

          The Index. The annual percentage rate is based upon the value of an index (referred to in this disclosure as the “Index”). The Index is
          the Prime Rate as published in the Wall Street Journal. When a range of rates is published, the higher of the rates will be used.

          Information about the Index is published at least weekly in the Wall Street Journal’s Money Rates table. We will use the most recent value
          available to us as of the date of any annual percentage rate adjustment. If the Index is not available, we will choose a new Index and
          margin. The new Index will have historical movement substantially similar to the original Index, and the new Index and margin will result in
          an annual percentage rate that is substantially similar to the rate in effect at the time the original Index becomes unavailable.

          Annual Percentage Rate. To determine the annual percentage rate that will apply to your account, we add a margin to the value of the
          Index, (this margin may be negative). A change in the Index rate generally will result in a change in the annual percentage rate. The
          amount that your annual percentage rate may change also may be affected by the lifetime annual percentage rate limits, as discussed

          Please ask us for the current Index value, margin and annual percentage rate. After you open a credit line, rate information will be
          provided on periodic statements that we send you.

FREQUENCY OF ANNUAL PERCENTAGE RATE ADJUSTMENTS. Your annual percentage rate can change monthly, on the first day of the
month. There is no limit on the amount by which the annual percentage rate can change during any one year period. However, under no
circumstances will your ANNUAL PERCENTAGE RATE exceed 18.000% per annum at any time during the term of the Plan.

MAXIMUM RATE AND PAYMENT EXAMPLE. If you had an outstanding balance of $ 10,000.00, the minimum payment at the maximum ANNUAL
PERCENTAGE RATE OF 18.000% would be $ 152.88. This annual percentage rate could be reached at the time of the first month.

PREPAYMENT. You may prepay all or any amount owing under the Plan at any time without penalty.

HISTORICAL EXAMPLE. The example below shows how the annual percentage rate and the minimum payments for a single $ 10,000.00 credit
advance would have changed based upon changes in the Index from 1987 to 2001. The Index values are based upon the first business day in July.
While only one payment per year is shown, payments may have varied during each year. Different outstanding principal balances could result in
different payment amounts.

The table assumes that no additional credit advances were taken, and that only the minimum payment was made each month, and that the rate
remained constant during each year. It does not necessarily indicate how the Index or your payments would change in the future.

                                                               INDEX TABLE

                                                   Index               Margin (1)          ANNUAL               Monthly
Year (as of the first business day in July)      (Percent)             (Percent)         PERCENTAGE             Payment
                                                                                           RATE                 (Dollars)

          1987                                     8.250               1.00                 9.250                  100.00
          1988                                     9.500               1.00                10.500                  100.00
          1989                                    10.500               1.00                11.500                  100.00
          1990                                    10.000               1.00                11.000                  100.00
          1991                                     8.500               1.00                 9.500                  100.00
          1992                                     6.000               1.00                 7.000                  100.00
          1993                                     6.000               1.00                 7.000                  100.00
          1994                                     7.250               1.00                 8.250                  100.00
          1995                                     9.000               1.00                10.000                  100.00
          1996                                     8.250               1.00                 9.250                  100.00
          1997                                     8.500               1.00                 9.500                  100.00
          1998                                     8.500               1.00                 9.500                  100.00
          1999                                     8.000               1.00                 9.000                  100.00
          2000                                     9.500               1.00                10.500                  100.00
          2001                                     6.750               1.00                 7.750                  100.00

                     (1) This is a margin we have used recently; your margin may be different.

By signing below, you hereby acknowledge receipt of this “IMPORTANT TERMS OF OUR HOME
EQUITY LINE OF CREDIT” disclosure and a copy of the Home Equity Brochure, “When your home is
on the Line”, on the date indicated next to your signature.

_________________________________________                                         ________________________________________
      Borrower                  Date                                                      Borrower                Date

_________________________________________                                         ________________________________________
      Borrower                  Date                                                      Borrower                Date

                                                                                                      HELOC – Appl. Discl. 05/02
                                       MORTGAGE SERVICING TRANSFER DISCLOSURE


     Because you are applying for a mortgage loan covered by the Real Estate Settlement Procedures Act (RESPA) (12 U.S.C. §2601 et seq.) you
have certain rights under that Federal law. This statement tells you about those rights. It also tells you what the chances are that the servicing for this
loan may be transferred to a different loan servicer. "Servicing" refers to collecting your principal, interest, and escrow account payments. If your loan
servicer changes, there are certain procedures that must be followed. This statement generally explains those procedures.
Transfer Practices and Requirements
      If the servicing of your loan is assigned, sold, or transferred to a new servicer, you must be given written notice of that transfer. The present loan
servicer must send you a notice in writing of the assignment, sale or transfer of the servicing not less than 15 days before the date of transfer. The new
loan servicer must also send you notice within 15 days after the date of transfer. Also, a notice of prospective transfer may be provided to you at
settlement (when title to your new property is transferred to you) to satisfy these requirements. The law allows a delay in the time (not more than 30
days after transfer) for servicers to notify you under certain limited circumstances, when your servicer is changed abruptly. This exception applies only
if your servicer is fired for cause, is in bankruptcy proceedings, or is involved in a conservatorship or receivership initiated by a Federal agency.
      Notices must contain certain information. They must contain the effective date of the transfer of the servicing of your loan to the new servicer, the
name, address, and toll-free or collect call telephone number of the new servicer, and toll-free or collect call telephone numbers of a person or
department for both your present servicer and your new servicer to answer your questions about the transfer of servicing. During the 60-day period
following the effective date of the transfer of the loan servicing, a loan payment received by your old servicer before its due date may not be treated by
the new loan servicer as late, and a late fee may not be imposed on you.
Complaint Resolution
       Section 6 of RESPA (12 U.S.C. §2605) gives you certain consumer rights, whether or not your loan servicing is transferred. If you send a
"qualified written request" to your loan servicer concerning the servicing of your loan, your servicer must provide you with a written acknowledgment
within 20 business days of receipt of your request. A "qualified written request" is a written correspondence, other than notice on a payment coupon or
other payment medium supplied by the servicer, which includes your name and account number, and your reasons for the request. Not later than 60
business days after receiving your request, your servicer must make any appropriate corrections to your account, and must provide you with written
clarification regarding any dispute. During this 60-day period, your servicer may not provide information to a consumer reporting agency concerning any
overdue payment related to such period or qualified written request.

     A Business Day is any day in which the offices of the business entity are open to the public for carrying on substantially all of its business
Damages and Costs
    Section 6 of RESPA also provides for damages and costs for individuals or classes of individuals in circumstances where servicers are shown to
have violated the requirements of that Section.
Servicing Transfer Estimates by Original Lender

1. The following is the best estimate of what will happen to the servicing of your mortgage loan:

 $    We may assign, sell or transfer the servicing of your loan sometime while the loan is outstanding.

 %    We are able to service your loan, and we    $    will             $    will not                 %   haven't decided whether to service your loan.

 $    We do not service mortgage loans, and we presently intend to assign, sell or transfer the servicing of your mortgage loan. You will be informed
about your servicer.

2. For all the mortgage loans that we make in the 12-month period after your loan is funded, we estimate that the percentage of mortgage loans for
which we will transfer the servicing is between:

               $ 0 to 25%           $ 26 to 50%          $ 51 to 75%           % 76 to 100%
This estimate %    does      $   does not include assignments, sales or transfers to affiliates or subsidiaries. This is only our best estimate and it is
not binding. Business conditions or other circumstances may affect our future transferring decisions.

3. We have previously assigned, sold, or transferred the servicing of federally related mortgage loans.

     This information   %   does       $     does not include transfers to affiliates or subsidiaries.

                                                                               /           /
LENDER (Signature not Mandatory)                                               DATE

                                              ACKNOWLEDGMENT OF MORTGAGE LOAN APPLICANT
     I/we have read this disclosure form, and understand its contents, as evidenced by my/our signature(s) below.

 Borrower                                            Date                               Co-Borrower                                      Date

 Co-Borrower                                         Date                               Co-Borrower                                      Date

     INSTRUCTIONS TO PREPARER: For applications received in calendar year 1991 after the effective date of this Notice, the information in 3.
above will be for calendar year 1990 only; for applications received in 1992, this information will be for calendar years 1990 and 1991; and for
applications received in 1993 and thereafter, this information will be for the previous three calendar years.

Mortgage Servicing Transfer Disclosure (9/2000)
                                       DOCUMENTATION OF GIFT FUNDS

The proper documentation of gift funds is critical to your loan transaction. The mortgage industry places a
great deal of emphasis on establishing a formal paper trail of the gift (otherwise known as source of funds) so
it is very important that you review and understand the requirements presented below. Furthermore, gift funds
must be received from a relative, not a friend or acquaintance. Please note that the required documentation
will vary depending on whether you have already received the gift or will receive the gift at a future date prior
to settlement.

Gift Funds Yet To Be Received:
    1. Provide executed gift letter. If you have applied for a FHA loan, the FHA Certification section must be
       signed by both the gift donor and the recipient acknowledging the warning stated in that section. FHA
       loans do not require notarization of the borrower’s signature.
    2. The gift must be in the form of a cashier’s check or certified check. The donor’s name must be printed
       on the check (example – Donor: John Doe). A Cashier’s check is preferred. None of the gift money
       can be received in cash from the gift donor.
    3. Make a copy of the gift check prior to the deposit and also a copy of the deposit slip showing that the
       funds have been deposited into your account. Within three weeks of settlement, please send us a full
       copy of your bank statement showing the gift deposit. If it is unlikely that you will receive your
       statement in time please provide a letter from your bank (on bank letterhead and signed by bank
       official) stating the following:
                            -deposit amount                     -account number
                            -deposit date                       -new account balance amount

Gift Funds Already Received:
    1. Provide executed gift letter. If you are applying for a FHA loan, the FHA Certification section must be
       signed by both the gift donor and the recipient acknowledging the warning stated in that section. FHA
       loans do not require notarization of the borrower’s signature.
    2. Provide, from the gift donor, a copy of the front and back of the canceled gift check or a copy of the gift
       donor’s full bank statement evidencing the withdrawal amount matching the actual gift amount.
    3. Make a copy of the gift check prior to the deposit and also a copy of the deposit slip showing that the
       funds have been deposited into your account. Within three weeks of settlement, please send us a full
       copy of your bank statement showing the gift deposit. If it is unlikely that you will receive your
       statement in time please provide a letter from your bank (on bank letterhead and signed by bank
       official) stating the following:
                            -deposit amount                     -account number
                            -deposit date                       -new account balance amount

Please note that the gift letter and supporting documentation detailed above should be received in our
office no later than three weeks prior to settlement. Additionally, when making your gift deposit, be
sure to keep the gift deposit separate from any other money you may be depositing that same day.
This will help to keep the paper trail separate and clean.

Be sure to call your processor or your loan officer if you have any questions.

Thank you.

Documentation of Gift Funds (9/2000)
                                                       GIFT LETTER

To Whom It May Concern:

I,                                                    O, OF
                       (Donor’s Name)                                              (Street Number and Apt #)

                                                     , DO HEREBY CERTIFY THAT I HAVE GIVEN OR WILL GIVE
                   (City, State and Zip)

A GIFT OF $                                       TO MY


                                           (Address of property to be purchased)


                                                              OR                                                      .
                           (Recipient)                                                     (Recipient)

Signature of Donor                                             Date                                 Phone #

Note:           If the gift has not yet been given to the recipient, provide verification that the donor has sufficient
                assets to make such gift. If the recipient has received the funds, please assure that they are
                included on the Verification of Deposit.

Warning: Section 1010 of Title 18, U.S.C., regarding Department of Housing and Urban Development
         Transactions, provides, “Whoever, for the purpose of … influencing in any way the action of
         such Department… makes, passes, utters, or publishes any statement, knowing the same to
         be false… shall be fined not more than $5,000, or imprisoned not more than two years, or

Donor’s Acknowledgment of the above warning:
                                                                               (Donor’s Signature and Date)

Recipients’ Acknowledgment of the above warning:

(Recipient’s Signature and Date)                                    (Recipient’s Signature and Date)

Gift Letter (9/2000)

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