HOME EQUITY LINE OF CREDIT VARIABLE RATE 15 YEAR DISCLOSURE

In this disclosure the words “you” and “your” mean the recipient of this disclosure, and the words “we” and “our” mean ebank – Vinings Branch, the Lender listed above. “e” means an estimate.

Retention of Information. This disclosure contains important information about our Home Equity Line of Credit Variable Rate, 15 Year Term (“Account”). 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 (collateral). You could lose your home if you do not meet the obligations in your agreement with us.

Possible Actions. We can terminate your Account, and require you to pay us the entire outstanding balance in one payment if: you engage in fraud or material misrepresentation in connection with the Account; or, you do not meet the repayment terms; or, your action or inaction adversely affects the collateral or our rights in the collateral; and/or, federal law dealing with credit extended by us to you specifically requires that as a condition of your Account the credit shall become due and payable on demand.

We can refuse to make additional extensions of credit or reduce your credit limit if: the value of the dwelling securing the Account declines significantly below its appraised value for purposes of the Account; or, we reasonably believe you will not be able to meet the repayment requirements due to a material change in your financial circumstances; or, you are in default of a material obligation in the Agreement; or, government action prevents us from imposing the Annual Percentage Rate provided for or impairs our security interest such that the value of the interest is less than 120 percent of the credit line; or, a regulatory agency has notified us that continued advances would constitute an unsafe and unsound practice; and/or, the maximum Annual Percentage Rate is reached.

Minimum Payment Requirements. You can obtain credit advances for 180 months (the “Draw Period”). During the Draw Period, payments will be due monthly. Your minimum periodic payment will equal the greater of 0.85% of the outstanding principal balance of your Account plus the accrued interest as of the closing date of each billing statement or $25.00, unless your unpaid balance is less than the latter amount, in which case your minimum payment will be that amount.

Balloon Payment. After the Draw Period ends you will no longer be able to obtain credit advances. Paying only your minimum payment may repay less than the outstanding balance at the end of the Draw Period. You will be required to pay the entire unpaid balance that you owe and any outstanding fees or charges at the end of the Draw Period in a single balloon payment.

Minimum Payment Example. If you made only the minimum monthly payments and took no other credit advances, it would take 15 years to pay off a credit advance of $10,000.00 at an ANNAUL PERCENTAGE RATE of 9.25%. During the Draw Period, you would make 179 payments varying between $162.08 and $35.47. This would be followed by one final payment of $2,186.39.

Fees and Charges. To open and maintain your Account you must carry insurance on the property securing your Account. ebank will pay the closing costs on loans up to $500,000 including intagible taxes. These costs generally range from $550 to $2,000. The initial minimum draw against the line must be $10,000. This balance must remain outstanding for 6 months and the line of credit must remain open for a minimum of 24 months. The closing costs paid by ebank will be added to the line if these conditions are not met.

Negative Amortization. Under some circumstances, your payments will not cover the finance charges that accrue and “negative amortization” will occur. Negative amortization will increase the amount that you owe us and reduce the equity in your home.

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

Other Products. If you ask, we will provide you with information on our other available home equity products.

Minimum Transaction Requirements. A minimum initial credit advance of $10,000 must be taken when the Account is opened. The minimum ongoing credit advance for this Account is $100.00.

Variable Rate Features. This Account has a variable rate feature. The Annual Percentage Rate (corresponding to the periodic rate) and minimum payment can change as a result. The Annual Percentage Rate includes only interest and no other costs. The Annual Percentage Rate is based on the value of an index. The index is the Wall Street Journal published Prime Rate (if published in a range, the highest number in the range will be used) and is published in the Wall Street Journal. To determine the Annual Percentage Rate that will apply to your Account, we add a margin from the value of the index. The index value and margin is rounded up to the nearest one-eighth of one percent point (.125). Ask us for the current index value, margin and Annual Percentage Rate. After you open an Account, rate information will be provided on periodic statements that we furnish to you.

Rate Changes. The Annual Percentage Rate can change monthly. The maximum ANNUAL PERCENTAGE RATE that can apply is 18.000%. Apart from this rate cap, there is no limit on the amount by which the rate can change in any one-year period, except that under no circumstances will the rate ever be less than 7.500% per annum.

Maximum Rate and Payment Example. If the ANNUAL PERCENTAGE RATE equaled the 18.000% maximum and you had an outstanding balance of $10,000.00, your minimum payment would be $235.00. This Annual Percentage Rate could be reached the first time your Annual Percentage Rate changes, unless your initial rate is equal to the maximum, in which case it would be reached immediately.

Historical Example. 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 past 15 years. The index values are from the first day of January of each year.

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

(1) This is a margin we have used recently.

(2) This rate reflects the lifetime rate change cap.