Home Equity Line of Credit
Early Disclosure

This disclosure contains important information about our Home Equity Line of Credit loans. When applying for a Home Equity Loan, you must retain a copy of the preliminary disclosure to understand your rights and our policies.

Availability of Terms: All of the terms described below are subject to change. This early disclosure and rate publication does not guarantee a locked rate. Rate locks will be confirmed upon receipt of a completed application.

If these terms change (other than the fluctuation of the index) and you decide, as a result of these changes, not to enter into an agreement with us, you are entitled to a refund of any unused fees you paid to us or anyone else in connection with your application. If, for example, fees are incurred for the appraisal, credit report, or flood determination, and the application is rescinded for any reason, you will be responsible for payment of such fees.

Security Interest: We will take a mortgage on your home. You could lose your home if you do not meet the obligations in your agreement with us.

Possible Actions: Under certain circumstances, we can (1) terminate your line and require you to pay the entire outstanding balance in one payment; (2) refuse to make additional extensions of credit; (3) reduce your credit line; and/or (4) make specific changes that are set forth in your agreement with us.

If you ask, we will give you more specific information concerning when we can take these actions. Minimum Payment Requirements: You can take advances for one year with our fixed rate home equity, and you can take advances for twenty years with our adjustable rate home equity. During the draw period and repayment period, payments will be due monthly.

Minimum Payment Requirements: You can take advances for one year with our fixed rate home equity, and you can take advances for twenty years with our adjustable rate home equity. During the draw period and repayment period, payments will be due monthly.

Minimum Payment Example:

Variable Rate Plan: If you took a single $20,000 advance, one year prior to maturity, and the ANNUAL PERCENTAGE RATE was 4.00%, during that period you would make 11 payments varying between $61.37 and $67.95 and one final payment of $20,067.95.

Fixed Rate Plan: If you took an advance bringing your loan balance up to $20,000 in month 5 of a 60 month Fixed Rate Home Equity loan and the ANNUAL PERCENTAGE RATE was 6.00%, your loan will automatically re-amortize your monthly payment to the remaining 55 months, or in this example, $412.22 per month.

Fees and Charges: You may pay certain fees to third parties to open a line of credit. These fees generally total $253. If you ask, we will give you an itemization of the fees you will have to pay to third parties.

The annual fee for the Home Equity loan is $50, which is waived for the first year.

Minimum Draw Requirements: The minimum draw amount is $1.

Tax Deductibility: You should consult a tax advisor regarding the deductibility of interest and charges for the credit line.

Transaction Limitations: There are no maximum draw limitations.

Variable-Rate Feature: The line has a variable rate feature, and the ANNUAL PERCENTAGE RATE (corresponding to the periodic rate) and the minimum monthly payment and final payment can change as a result.

The ANNUAL PERCENTAGE RATE includes only interest and not other costs. The ANNUAL PERCENTAGE RATE is based on the value of an index. The index is the prime rate published in the money section of The Wall Street Journal.

Rate Changes: The ANNUAL PERCENTAGE RATE can change monthly. The maximum ANNUAL PERCENTAGE RATE that can apply to your line of credit is 14.00%. Apart from this rate "cap" there is no limit on the amount by which the rate can change during any one year period.

Maximum-Rate and Payment Example: If the ANNUAL PERCENTAGE RATE equaled the 14.00% and you had an outstanding balance of $10,000, the minimum monthly payment would be as follows

$116.67 (for a 30 day month)

This ANNUAL PERCENTAGE RATE could be reached during the first month of the draw period.

Historical Example Table

This table shows how the ANNUAL PERCENTAGE RATE and the minimum monthly payments for a single $10,000 credit advance would have changed based on changes in the index over the past 15 years. The index values are from the first week in August of each year. While only one payment amount per year is shown, payments would have varied during each year. The table made each month, and that the rate remained constant during each year. It does not necessarily indicate how your payments will change in the future.

Year	Index %	Margin %	APR (%)	Minimum Monthly Payment
1991	8.50%	0%	8.5%	$70.83
1992	6.00%	0%	6.00%	$50.00
1993	6.00%	0%	6.00%	$50.00
1994	7.25%	0%	7.25%	$62.50
1995	8.75%	0%	8.75%	$72.92
1996	8.25%	0%	8.25%	$68.75
1997	8.50%	0%	8.50%	$70.83
1998	8.50%	0%	8.50%	$70.83
1999	8.00%	0%	8.00%	$66.67
2000	9.50%	0%	9.50%	$79.17
2001	6.75%	0%	6.75%	$56.25
2002	4.75%	0%	4.75%	$50.00*
2003	4.00%	0%	4.00%	$50.00*
2004	4.25%	0%	4.25%	$50.00*
2005	6.25%	0%	6.25%	$52.08

*The minimum monthly payment is $50.

Interest Only Plan: The interest only plan is only available for our variable rate home equity plan. Your payments will be due monthly and will equal the finance charges that accrued on the outstanding balance during the preceding month (with a minimum payment of at least $50). The minimum payment will not reduce the principal that is outstanding on your line. After the draw period ends, you will no longer be able to obtain credit advances and must repay the outstanding balance at that time (unless the draw period is extended).