This disclosure contains important information about our Home Equity Line of Credit – Interest Only.  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 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.

Possible Actions:  Under certain circumstances, we can:

1. Terminate your line of credit and require you to pay us the entire balance in one payment;
2. Refuse to make additional extensions of credit;
3. Reduce your credit limit: and
4. Make specific changes that are set forth in your agreement with us.

We can terminate your line of credit and require you to pay us the entire outstanding balance in one payment if:

1. You engage in fraud or material misrepresentation in connection with the line of credit;
2. You fail to make a payment as required by the agreement; or
3. Your action or inaction adversely affects the collateral or our rights in the collateral.

We can refuse to make additional extensions of credit or reduce your credit limit if:

1. The value of the dwelling securing the line of credit declines significantly below its appraised value for purposes of the line of credit;
2. We reasonably believe you will not be able to meet the repayment requirements under the line of credit due to a material change in your financial circumstances;
3. You are in default of a material obligation of the agreement;
4. Government action prevents us from imposing the annual percentage rate provided for in the agreement, or impairs our security interest such that the value of the interest is less than 120 percent of the credit limit of the line of credit;
5. A regulatory agency has notified us that continued advances would constitute an unsafe or unsound practice; or
6. The maximum annual percentage rate is reached.

The initial agreement permits us to make certain changes in the terms of the line of credit at specified times or upon the occurrence of specified events.

Minimum Payment Requirements:  You can obtain credit advances for up to 20 years.  During this period, payments will be due monthly.  Your minimum monthly payment will equal the following:

• The amount of accrued finance charges on the last day of the billing cycle.

The minimum payment amount will be rounded up to the nearest $0.01.  The minimum monthly payments will not reduce the principal that is outstanding on your line of credit by the end of 20 years.  You will then be required to pay the entire balance in a single payment.  Balances of less than $25 must be paid in full.

Minimum Payment Example:  If you made only the minimum monthly payment and took no other credit advances, it would take 20 years to pay off a credit advance of $10,000.00 at an ANNUAL PERCENTAGE RATE of 7.75%.  During that period, you would make 239 payments of $64.58 with a final payment of $10,064.58.

Fees and Charges:  You must pay certain fees to third parties, such as appraisers, credit reporting firms, and government agencies.  These fees generally total 2.00 percent of the credit limit.  The following are an estimate of third party fees:

Appraisal:	$50.00
FL/GA Intangible Taxes:	$3.00 per $1,000
Flood Certification:	$23.00
Credit Report:	$2.50 - $25.00
Tax Service Fee:	$69.00
Title Insurance:	$2.25 per $1,000 (1st lien loans > $250,000 only)
GRMA:	$6.50 (GA loans only)
Other:	$150.00 - $450.00

Refundability of Fees:  If you decide not to enter into this plan within three days of receiving this disclosure and the Home Equity booklet, you are entitled to a refund of any fee you may have already paid.

Minimum Draw Requirements:  The minimum credit advance that you can receive is $100.00 and any credit advance made will be a multiple of this amount.  The minimum initial credit advance must be at least $100.00

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

Availability of Other Home Equity Programs:  If you ask, we will provide you with information on our other available home equity lines of credit.

Variable Rate Features:  This line of credit has a variable rate feature and the annual percentage rate (corresponding to the periodic rate) and the minimum monthly 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 base rate on corporate loans posted by at least 75% of the USA’s 30 largest banks known as The Wall Street Journal Prime Rate and is published in The Wall Street Journal.  To determine the annual percentage rate that will apply to your line of credit, we add a margin to the value of the index and then round to the nearest .001 percent.  Ask us for the current index value, margin, and annual percentage rate.  After you open a line of credit, rate information will be provided on periodic statements that we send you.

Rate Changes:  The annual percentage rate can change monthly after remaining fixed for 1 day.  There is no limit on the amount by which the rate can change in any one year period.  The lifetime cap to your ANNUAL PERCENTAGE RATE will be selected from the following range:  between 16.000 percent and 18.000 percent.  Ask us for the specific rate limitation that will apply to your line of credit.  This line of credit has a “preferred rate” provision.  This means that if you close your ePremium Checking account or terminate your automatic debit agreement with us, your annual percentage rate will increase. 

Your new ANNUAL PERCENTAGE RATE will be determined by adding 0.250 percentage points to the index value plus margin value normally used to calculate your annual percentage rate.  This new annual percentage rate may be affected by rate caps.

Maximum Rate and Payment Examples:  If you had an outstanding balance of $10,000.00, the minimum monthly payment at the maximum ANNUAL PERCENTAGE RATE of 18.000 percent would be $150.00.  The maximum annual percentage rate could be reached in the 1st month (1 month) following an initial hold of 1 day.

Available in the following states:  Georgia, Florida, North Carolina, South Carolina, Virginia, and Tennessee.

Historical Examples:  The following table shows how the annual percentage rate and the minimum payments for a single $10,000.00 credit advance would have changed based on changes in the index over the last 15 years.  The index values are from the first business day of January.  While only one payment amount per year is shown, payments would have varied during each year.  The table assumes that no additional credit advances were taken, that only the minimum payment was made, 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.

Year	Index (%)	Margin* (%)	ANNUAL PERCENTAGE RATE (%)	Minimum Monthl Payment ($)
1992	6.500	2.000	8.500	70.83
1993	6.000	2.000	8.000	66.67
1994	6.000	2.000	8.000	66.67
1995	8.500	2.000	10.500	87.50
1996	8.500	2.000	10.500	87.50
1997	8.250	2.000	10.250	85.42
1998	8.500	2.000	10.500	87.50
1999	7.750	2.000	9.750	81.25
2000	8.500	2.000	10.500	87.50
2001	9.500	2.000	11.500	95.83
2002	4.750	2.000	6.750	56.25
2003	4.250	2.000	6.250	52.08
2004	4.000	2.000	6.000	50.00
2005	5.250	2.000	7.250	60.42
2006	7.250	2.000	9.250	77.08

*This is a margin we have used recently;  your margin may be different.

The annual rate as of 01/01/2006 is 9.25%.  For current rate information, call 770-863-9225 (Atlanta) or 1-888-278-9898 (toll free).