EXHIBIT  10.4

                  SIX-MONTH LIBOR ADJUSTABLE-RATE LOAN PROGRAM
                    DISCLOSURE -- FIXED FOR FIRST FIVE YEARS
                       Important Mortgage Loan Information
                              Please read carefully


This  disclosure  describes  the  features of the Adjustable-Rate Mortgage (ARM)
program  you  are considering.  Information on other ARM programs available from
your  lender  will  be  provided  upon  request.

This  disclosure does not constitute a commitment to make a loan to you.  If you
eventually  obtain  a  loan, the note, security instrument and related documents
will  establish  your  legal  rights  and  obligations  regarding  the  loan.

HOW  YOUR  INTEREST  RATE  AND  PAYMENT  ARE  DETERMINED:
-    Your  initial interest rate for the loan will be established by us based on
     market  conditions.  As  a  result,  your initial interest rate will not be
     based  on  the  index used to make later adjustments. Your initial interest
     rate  may  be lower than, equal to or higher than the rate that is based on
     the index. Please ask us for the current initial interest rate, and whether
     it  is  lower  than,  equal  to or higher than the rate based on the index.
-    Your  interest  rate  will be periodically adjusted based on the index rate
     plus  a  margin.  Please  ask  us  for  the  current  index  and  margin.
-    The index rate is the average of interbank offered rates for six month U.S.
     Dollar-denominated  deposits  in the London market, commonly referred to as
     the  "LIBOR"  index, as published in the Wall Street Journal. If this index
     is  no  longer  available  a  comparable  index  will  be  substituted.
-    The  effective  date  of  a  change  in the interest rate is a Change Date.
-    Except for your initial interest rate, which may be lower than, equal to or
     higher  than  the  rate that is based on the index, your interest rate will
     equal  the index rate plus the margin, rounded to the nearest one-eighth of
     one  percentage  point  (.125%), unless your interest rate "caps" limit the
     amount  of  change  in  the  interest  rate  on  a  Change  Date.
-    Please  note that if your initial interest rate is lower than the rate that
     is  based on the index, your interest rate may increase on the first Change
     Date  even  if  the  index  decreases.

HOW  YOUR  INTEREST  RATE  CAN  CHANGE:
Your  interest  rate  is  fixed for the first sixty (60) months, after which the
interest rate can change every six (6) months to the index rate plus the margin,
subject  to  the  following  limits:
-    Your  interest  rate  will  be  rounded  to  the  nearest one-eighth of one
     percentage  point  (.125%).
-    Your  interest  rate  cannot  increase or decrease more than six percentage
     points  (6.00%)  at the first Change Date and two percentage points (2.00%)
     increase  or  decrease  per  adjustment  thereafter.
-    Your  interest  rate  cannot  increase  by  more than six percentage points
     (6.00%)  over  the  start  rate  over  the  term  of  the  loan.
-    Your interest rate cannot decrease to be less than the margin over the term
     of  the  loan.

HOW  YOUR  PAYMENT  CAN  CHANGE:
-    Your  payment  can  change  each  time  your  interest  rate  changes.
-    You  will  be notified in writing at least twenty-five (25) days before the
     due  date  of  each  adjustment. This notice will contain information about
     your  interest  rate,  payment  amount  and  loan  balance.
-    Your payment may increase or decrease substantially depending on changes in
     the  interest  rate.


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INITIAL  AND  MAXIMUM  INTEREST  RATE:
For  example,  on  a  $10,000  thirty-year loan with an initial interest rate of
6.00% (index1 plus the margin2 rounded to the nearest .125%), the maximum amount
that  the  interest  rate  can  rise under this program is six percentage points
(6.00%) to 12.00%, and the monthly payment can rise from a first year payment of
$59.96  to  a  maximum  of  $98.00  in  the  6th  year.
          1. Index as of September 5, 2001 is 3.4650. The index in effect at the
     time  the  initial  interest  rate  is  established  for  your  loan may be
     different.  The initial interest rate on your loan may be lower than, equal
     to  or  higher  than  the  rate  that  is  based  on  the  index.
          2.  Margin  of  2.50  percentage points. This is a margin we have used
     recently.  Your  margin  may  be  different.

CALCULATING  YOUR  PAYMENTS:
To  see  what  your  payments  (excluding escrow payments) would be, divide your
mortgage amount by $10,000; then multiply the loan payment by that amount.  (For
example,  the  monthly payment for a mortgage amount of $60,000 would be $60,000
$10,000  =  6;  6  x  $59.96  =  $359.76).



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Borrower  /S/JOE D THOMAS   Date         Borrower  /S/MICKELEEN E THOMAS   Date
                           6/24/02                                       6/24/02


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