DISCLOSURE STATEMENT

                      DISCLOSURE STATEMENT

                           FIXED RATE

CREDITOR:     _______________________________________________________
Address:     _______________________________________________________

BORROWER:     _______________________________________________________
Address:     _______________________________________________________

Property Address:     _____________________________________________
_________________________________________________________________


    ANNUAL   
  PERCENTAGE 
     RATE   
             
(The cost of
your credit
as a yearly
rate.)       
             
             
                FINANCE 
   CHARGE   
           
           
(The dollar
amount the
credit will
cost you.) 
           
           
$               AMOUNT   
  FINANCED 
           
           
(The amount
of credit
provided to
your or on
your behalf.)
           
$              TOTAL OF 
  PAYMENTS 
           
           
(The amount
you have paid
after you
have made all
scheduled.)
           
$                                                                           

  YOUR PAYMENT SCHEDULE WILL BE:

    NUMBER OF   
    PAYMENTS   
               
               
                    AMOUNT OF 
    PAYMENTS   
               
$             
$              WHEN PAYMENTS 
      DUE     
               
               
             

Filing Fees:    $ _____________

Security:   You are giving a security interest in:
      _________ the property being financed.
      _________________________________________.

Prepayment:   If you pay off early, you:
     ____ may         ____ will not            have to pay a penalty.
     ____ may          ____ will not        be entitled to a refund of
                                     part of the finance charge.

Assumption:  Someone buying your home:
     ____ can          ____ cannot     assume the remainder of your
                                  mortgage on the original terms.


I/We acknowledge receipt of this Disclosure Statement on the  ___
day of _____________, 19 ___.

______________________________     ______________________________