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Rollstone Bank & Trust, NMLS# 769125

IMPORTANT LOAN INFORMATION

PREPAYMENT:

This ARM loan program

(check applicable box)

does (or)

does not have a pre-payment penalty.

If you are paying more than your regularly scheduled payment, you must notify us as to how you want the funds applied.

DEMAND FEATURE:

This loan program

(check applicable box)

does (or)

does not include a demand feature.

If a demand feature applies, the lender may demand full repayment of a mortgage for any reason.

This description is for informational purposes only and does not constitute a commitment on the part of the Lender to

provide financing. The ARM Loan Documents will control the terms of the ARM loan; therefore, you should become familiar

with and understand the provisions of these documents. Upon execution of the ARM Loan Documents, both you and the

Lender will become bound by the terms of the ARM Loan Documents.

If this program disclosure has not fully answered your questions concerning the ARM loan program you are considering, please ask your

Mortgage Representative for additional information.

Borrower Acknowledgement

I/we acknowledge receipt of this disclosure and further acknowledge that this disclosure was completed in full prior to its receipt.

I/we also acknowledge receipt of the handbook entitled, "Consumer Handbook of Adjustable Rate Mortgages."

Borrower

Date

5 to 1 ARM Rate 2017

Borrower

Date

Calyx Form - initarmdisc3.frm (09/14)

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