Sample Document. Intended as reference only

                                                                                                 Your actual closing documents will vary according to the lending institution.

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                                                          NOTE         Loan Number 123456

              JUNE 5, 2001         ANYWHERE          OHIO     

                                        [Date]                                            [City]                                   [State]

                    125 Main Street, Tipp City, Ohio 45371               

                                     [Property Address]

1. BORROWER'S PROMISE TO PAY

In return for a loan that I have received, I promise to pay U.S. $ 140,000.00 (this amount is called "Principal"), plus interest, to the order of the Lender. The Lender is SAMPLE MORTGAGE CO., AN OHIO BANKING CORPORATION                                            

I will make all payments under this Note in the form of cash, check or money order .

I understand that the Lender may transfer this Note. The Lender or anyone who takes this Note by transfer and who is entitled to receive payments under this Note is called the "Note Holder. "

 2. INTEREST

Interest will be charged on unpaid principal until the full amount of Principal has been paid. I will pay interest at a yearly rate of 7 .2 5 O % .

The interest rate required by this Section 2 is the rate I will pay both before and after any default described in Section 6(8) of this Note.

 3. PAYMENTS

(A) Time and Place of Payments

I will pay principal and interest by making a payment every month.

I will make my monthly payment on the lst day of each month beginning on AUGUST 1, 2001.  I will make these payments every month until I have paid all of the principal and interest and any other charges described below that I may owe under this Note. Each monthly payment will be applied as of its scheduled due date and will be applied to interest before Principal. If, on JULY 1, 2031 , I still owe amounts under this Note, I will pay those amounts in full on that date, which is called the "Maturity Date."  

I will make my monthly payments at 0000 MAIN STREET, ANYWHERE, OHIO 22222

                                                                         or at a different place if required by the Note Holder .

(B) Amount of Monthly Payments 

My monthly payment will be in the amount of U.S. $ 995.05

4. BORROWER'S RIGHT TO PREPAY 

I have the right to make payments of Principal at any time before they are due. A payment of Principal only is known as a "Prepayment. " When I make a Prepayment, I will tell the Note Holder in writing that I am doing so. I may not designate a payment as a Prepayment if I have not made all the monthly payments due under the Note.

I may make a full Prepayment or partial Prepayments without paying a Prepayment charge. The Note Holder will use my Prepayments to reduce the amount of Principal that I owe under this Note. However, the Note Holder may apply my Prepayment to the accrued and unpaid interest on the Prepayment amount, before applying my Prepayment to reduce the Principal amount of the Note. If I make a partial Prepayment, there will be no changes in the due date or in the amount of my monthly payment unless the Note Holder agrees in writing to those changes.

5. LOAN CHARGES

If a law, which applies to this loan and which sets maximum loan charges, is finally interpreted so that the interest or other loan charges collected or to be collected in connection with this loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already collected from me which exceeded permitted limits will be refunded to  me. The Note Holder may choose to make this refund by reducing the Principal I owe under this Note or by making a direct payment to me.  If a refund reduces Principal, the reduction will be treated as a partial Prepayment.

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    US32001.NOT