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Home , Home equity loan

EQUITY LINE APPLICATION DISCLOSURE Hancock Bank Whitney Bank “Hancock Bank” is the trade name used by Whitney Bank in Mississippi, Alabama and Florida.

IMPORTANT TERMS OF OUR LINE OF CREDIT

This disclosure contains important information about our Home Equity Line of Credit (the "Line"). 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 any of these terms change (other than the ) 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. You could lose your home if you do not meet the obligations in your agreement with us.

POSSIBLE ACTIONS.

Temporary Credit Suspension and Credit Reduction: We may temporarily suspend your right to obtain credit advances on your Line and/or reduce your credit limit while any of the following circumstances exists:

(1) The value of your declines significantly below its appraised value for purposes of the Line. This includes, but is not limited to, a decline such that the initial difference between the credit limit and the available equity is reduced by fifty percent (50%) and may include a smaller decline depending on individual circumstances;

(2) We reasonably believe that you will be unable to fulfill the repayment terms under the Line because of a material change in your financial circumstances;

(3) You are in default of a material obligation under the Line. A material obligation includes, but is not limited to, your duty to immediately notify us should there be an adverse change in your credit or financial condition, to provide us with updated financial or credit related information upon request; to continue to reside in any Property that secures your Line and was your principal dwelling at the inception of your Line and your agreement not to permit an intervening to be filed against your Property that would take priority over our security interest securing advances made under the Line;

(4) We are precluded by government action from imposing the Annual Percentage Rate provided under the Line;

(5) The priority of our security interest is adversely affected by government action to the extent that the value of our security interest in your Property is less than one hundred and twenty percent (120%) of your Credit Line;

(6) The maximum Annual Percentage Rate under the Line is reached (until such time as the APR declines below that maximum);

(7) We are notified by regulatory authorities that continued credit advances under the Line constitute an unsafe and unsound lending practice; or

(8) You or any lineholder requests that we do so. We may at our option require that any such request be sent to us by certified mail before suspending credit on your Line. We may require that any requests to reinstate credit privileges also be put in writing and provided by each lineholder.

If the circumstance that caused us to prohibit additional advances or reduce the credit limit under your Line subsequently ceases to exist, you must notify us of that fact. Upon notification, we may reinstate your Line to its previous status if we agree that the circumstance has changed.

Termination and Acceleration: We may terminate and accelerate payment of all amounts you owe to us under the Line, which you agree to pay to us immediately without notice or demand, or take lesser action as provided under the Line if any of the following events occur:

(1) You or any person signing the Agreement notifies us to cancel your Line for any reason. We may at our option request that this notice to cancel be delivered to us by certified mail before canceling your Line;

(2) Your death results in an impairment of our security interest in your Property;

(3) You fail to meet the repayment terms of the Line;

(4) You act fraudulently in connection with your Line or materially misrepresent any information with regard to your Line, including but not limited to material misrepresentations in your credit application, financial statements that you provide to us, and any correspondence or discussions that you may have with us regarding your Line; or

(5) Any action or inaction by you adversely affects our security interest in your Property. For example: you transfer title to your Property or sell your Property without our permission, you fail to maintain required Insurance on your Property, you fail to maintain the Property, a tax lien that primes our security interest is filed against your Property or your Property is taken by , your Property is foreclosed upon by a prior lien holder, or another creditor attempts to enforce a judgment against your Property.

If an event occurs that would allow us to terminate and accelerate all amounts you owe us under your Line, we may initially elect to take lesser action, such as prohibiting additional advances, reducing your credit limit, or changing the terms of the Line by increasing your annual percentage and daily periodic rates, minimum payment or requirements. If we choose to take such lesser action initially, we reserve the right to terminate and accelerate all amounts due under your Line, regardless of whether any additional events have occurred which would permit termination and acceleration.

PROPERTY INSURANCE. You must maintain insurance on the Property securing your Line.

MINIMUM PAYMENT REQUIREMENTS. You can obtain advances of credit during the first ten years of your Line (the "Draw Period"). After the Draw Period ends, the Repayment Period will begin and you will no longer be able to obtain credit advances and you must repay the outstanding balance over fifteen years (“Repayment Period”).

Rev 08/17/2015 Page 1 of 7

DRAW PERIOD PAYMENTS ON REVOLVING BALANCE. During the Draw Period, your payments will be due monthly. Your current payment will be calculated pursuant to one of the following methods, as selected by us and reflected in your Line agreement.

(1) Interest-Only Payment Requirement. During the Draw Period, your current payment will be equal to the amount of your unpaid accrued finance charges on the date for each monthly billing cycle. You will make 120 of these payments.

(2) Principal and Interest Payment Requirement. During the Draw Period, your monthly payment will be equal to the sum of a percentage of your outstanding principal balance plus all unpaid accrued finance charges as of the cycle closing date for each monthly billing cycle, as shown below.

Range of Balances Number of Payments Current Payment Calculation

All Balances 120 1.000% of your outstanding principal balance, plus all unpaid accrued finance charges on the cycle closing date.

REPAYMENT PERIOD PAYMENTS ON REVOLVING BALANCE. During the Repayment Period, your current payment will be based on a portion of your outstanding principal balance at the start of the Repayment Period, plus all unpaid accrued finance charges on the cycle closing date, as shown below. Your payments will be due monthly.

Range of Balances Number of Payments Current Payment Calculation

All Balances 180 1/180th of your outstanding principal balance at the start of the Repayment Period plus all unpaid accrued finance charges on the cycle closing date.

Your total payment due each month during the Draw and Repayment Periods will be the current payment, plus any amount past due and all other fees and charges.

MINIMUM PAYMENT EXAMPLE. If the current payments required during your Draw Period are interest-only payments, as described above, and if you paid only the minimum payment due each month and took no other credit advances, it would take 25 years to pay off a credit advance of $10,000 at an ANNUAL PERCENTAGE RATE of 3.99% (a recent rate as of the first business day in August 2015). During the Draw Period, you would make 120 monthly payments ranging from $30.61 to $33.89. Then, during the Repayment Period, you would make 180 payments ranging from $55.74 to $89.44.

If the current payments required during your Draw Period are principal and interest payments, as described above, and if you paid only the minimum payment due each month and took no other credit advances, it would take 25 years to pay off a credit advance of $10,000 at an ANNUAL PERCENTAGE RATE of 3.99% (a recent rate as of the first business day in August 2015). During the Draw Period, you would make 120 payments ranging from $40.49 to $133.89. Then, during the Repayment Period, you would make 180 monthly payments ranging from $16.69 to $26.78.

TAX DEDUCTIBILITY. You should consult a tax advisor regarding the deductibility of interest and charges for the Line.

VARIABLE RATE FEATURE. The Line has a variable rate feature. The annual percentage rate (corresponding to the periodic rate), the amount of the final payment, and the minimum payment amount can change as a result. The annual percentage rate includes interest and no other costs.

The Index. The annual percentage rate is based on the value of an index (referred to in this disclosure as the “Index”). The Index is the Prime rate as published in the Wall Street Journal. When a range of rates has been published, the higher of the rates will be used. We will use the most recent Index value available to us as of the date of any ANNUAL PERCENTAGE RATE adjustment. Information about the Index is available or published at least weekly in the Wall Street Journal’s Money Rates table. If the Index is no longer available, we will choose a new Index and margin. The new Index will have an historical movement substantially similar to the original Index, and the new Index and margin will result in an annual percentage rate that is substantially similar to the rate in effect at the time the original Index becomes unavailable.

Annual Percentage Rate. To determine the annual percentage rate that will apply to your Line, we add a margin to the value of the Index. A change in the Index rate generally will result in a change in the annual percentage rate. The amount that your annual percentage rate may change also may be affected by the lifetime annual percentage rate limits, as discussed below.

Initial Annual Percentage Rate Discount. The initial annual percentage rate for the Line may be “discounted” – meaning the rate may not be based on the Index and margin used for later rate adjustments. The initial discounted rate, if given, will be in effect for the first six (6) full calendar months after your Line is established.

Please ask us for the current Index value, margin, discount and annual percentage rate. After you open a Line, rate information will be provided on periodic statements that we send you.

FREQUENCY OF ANNUAL PERCENTAGE RATE ADJUSTMENTS. Your annual percentage rate can change daily. There is no limit on the amount by which the annual percentage rate can change during any one year period. However, under no circumstances will your ANNUAL PERCENTAGE RATE exceed the following: Hancock Bank – 21% in Mississippi and Alabama branches, 18% in Florida branches; Whitney Bank in Louisiana branches – 21%; (or the maximum rate allowed by law). Also, at no time during the life of the will the ANNUAL PERCENTAGE RATE be less than 3.99% per annum. This floor rate of 3.99% shall not at anytime apply to a special introductory rate offered at our discretion.

MAXIMUM RATE AND PAYMENT EXAMPLES.

Hancock Bank (Mississippi and Alabama branches); Whitney Bank (Louisiana branches): (maximum rate - 21%): DRAW PERIOD. If you had an outstanding balance of $10,000.00, the minimum payment at the maximum ANNUAL PERCENTAGE RATE of 21% would be $178.36, if your Line is subject to the interest-only payment requirement during the Draw Period, or $278.36 if your Line is subject to the principal and interest payment requirement during the Draw Period. If we are offering an introductory rate for six months, this annual percentage rate could be reached at the time of the seventh payment during the Draw Period. If we are not offering an introductory rate, this annual percentage rate could be reached at the time of the first payment during the Draw Period.

REPAYMENT PERIOD. If you had an outstanding balance of $10,000.00 at the beginning of the Repayment Period the minimum payment at the maximum ANNUAL PERCENTAGE RATE of 21% would be $233.91. This annual percentage rate could be reached at the time of the first payment during the Repayment Period.

Hancock Bank (Florida branches): (maximum rate - 18%): DRAW PERIOD. If you had an outstanding balance of $10,000.00, the minimum payment at the maximum ANNUAL PERCENTAGE RATE of 18% would be $152.88, if your Line is subject to the interest-only payment requirement during the Draw Period, or $252.88 if your Line is subject to the principal and interest payment requirement during the Draw Period. If we are offering an introductory rate for six months, this annual percentage rate could be reached at the time of the seventh payment during the Draw Period. If we are not offering an introductory rate, this annual percentage rate could be reached at the time of the first payment during the Draw Period.

REPAYMENT PERIOD. If you had an outstanding balance of $10,000.00 at the beginning of the Repayment Period, the minimum payment at the maximum ANNUAL PERCENTAGE RATE of 18% would be $208.43. This annual percentage rate could be reached at the time of the first payment during the Repayment Period.

Rev 08/17/2015 Page 2 of 7 HISTORICAL EXAMPLE. The example below shows how the annual percentage rate and the minimum payments for a single $10,000.00 credit advance would have changed based on the changes in the Index over the past fifteen years. The Index values are from the first business day in August. While only one payment per year is shown, payments may have varied during each year. Different outstanding principal balances could result in different payment amounts.

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

INDEX TABLE

INTEREST-ONLY PAYMENT PRINCIPAL AND INTEREST REQUIREMENT PAYMENT REQUIREMENT

Year Index Margin (1) ANNUAL Monthly ANNUAL Monthly (as of the first business day in (Percent) (Percent) PERCENTAGE Payment PERCENTAGE Payment August) RATE (Dollars) RATE (Dollars) PERIOD DRAW 2001 6.75 .24 1.99(2) 16.90 1.99(2) 116.90

2002 4.75 .24 4.99 42.38 4.99 126.60

2003 4.00 .24 4.24 36.01 4.24 106.86

2004 4.25 .24 4.49 38.03 4.49 96.13

2005 6.25 .24 6.49 55.12 6.49 95.75

2006 8.25 .24 8.49 72.11 8.49 94.17

2007 8.25 .24 8.49 72.11 8.49 83.47

2008 5.00 .24 5.24 44.38 5.24 62.07

2009 3.25 .24 3.99(3) 33.89 3.99(3) 51.02

2010 3.25 .24 3.99(3) 33.89 3.99(3) 45.22 REPAYMENT PERIOD 2011 3.25 .24 3.99(3) 89.44 3.99(3) 26.78

2012 3.25 .24 3.99(3) 87.10 3.99(3) 26.08

2013 3.25 .24 3.99(3) 84.92 3.99(3) 25.42

2014 3.25 .24 3.99(3) 82.67 3.99(3) 24.75

2015 3.25 .24 3.99(3) 80.41 3.99(3) 24.07 (1) This is a margin we have used recently; your margin may be different. (2) This ANNUAL PERCENTAGE RATE reflects an initial discount that we may have offered recently; your Line may be discounted by a different amount. (3) This ANNUAL PERCENTAGE RATE reflects a “floor” rate of 3.99%.

TAKEDOWN OPTION. The Line contains an option to convert the annual percentage rate applicable to all or a part of the outstanding balance under your Line from a variable rate with annual percentage rate limits to a fixed rate, as determined below, payable in equal payments over the term you select, subject to the limitations outlined below. The following information is representative of the Takedown option features recently offered by us:

Exercising the Option. You can exercise the Takedown option to convert all or part of your Line’s outstanding balance to a fixed rate only during the Draw Period and only if you are not then in default and your credit privileges have not been suspended or terminated.

ANNUAL PERCENTAGE RATE Determination for Takedown. The fixed ANNUAL PERCENTAGE RATE applicable to a Takedown will be equal to the sum of: (i) the “Average Prime Offer Rate” for a fixed rate mortgage with a term comparable to the Takedown Term you select, as set forth in tables entitled “Average Prime Offer Rates-Fixed” published by the Federal Financial Institutions Examination Council (available online at http://www.ffiec.gov/ratespread/newcalc.aspx) in effect on the business day we receive your written election to exercise the Takedown option, plus (ii) a margin of 5.50% per annum. However, if the annual rate of interest available to you on a comparable fixed rate, closed-end home offered by us on the business day we receive your written election is lower, then the ANNUAL PERCENTAGE RATE applicable to your Takedown will be equal to the annual rate of interest for the comparable closed-end home equity loan.

In no event will the ANNUAL PERCENTAGE RATE for a Takedown be more than 21% per annum (18% per annum for Florida accounts) or the maximum rate allowed by applicable law, whichever is less. We divide the resulting ANNUAL PERCENTAGE RATE by the number of days in a year to determine the daily Periodic Rate that will apply to the Takedown. If you have more than one Takedown, the Periodic Rate and corresponding ANNUAL PERCENTAGE RATE applicable to each Takedown could be different.

MINIMUM PAYMENT EXAMPLE FOR TAKEDOWN. If you select a term of 60 months for a Takedown of $10,000, and the Takedown has an ANNUAL PERCENTAGE RATE of 4.99% (a recent Takedown rate), you would make 60 principal and interest payments of $188.67 if you paid only the minimum Takedown payment due each month toward your outstanding Takedown balance.

Additional Rules. In addition, the following rules apply to the Takedown option for the Line: . The amount of each Takedown must be at least $5,000. . You can select the term over which your Takedown amount will be paid; however, that term cannot go beyond your Line’s established maturity date. . Your Takedown will be repayable in equal monthly installments of principal and interest sufficient to fully amortize the original amount of your Takedown over the Takedown term, at the applicable fixed rate of interest. While you have a Takedown balance outstanding, your Line’s total monthly payment will include your Takedown payment and the payment due on the revolving portion of your Line. . You may have up to four Takedowns outstanding at any time, subject to an overall maximum of four during any twelve-month period.

FEES AND CHARGES. In order to open and maintain a Line, you may be required to pay certain fees and charges.

Lender Fees. The following fees must be paid to us:

Special Checks to Access Your Line. $5.00 for 25 checks, assessed each time you reorder special checks (fee waived for initial supply).

Rev 08/17/2015 Page 3 of 7

Lender Fees. You may be charged the following:

1. Mississippi Documentation Fee $125 2. Florida Documentation Fee $125 3. Louisiana Origination Fee $125 4. Alabama Interest Surcharge Fee $125

Third Party Fees. To open your Line, you may be required to pay certain fees to third parties such as appraisers, credit reporting firms and government agencies. We estimate the breakdown for each Hancock Bank as follows:

Fees associated with opening a Line of Credit at Hancock Bank generally range from $0-$2450, as follows: Hancock Bank: Range of fees: 1. of Trust/Mortgage Recordation/Release Fee $16-$65 2. Existing Deed of Trust/Mortgage Cancellation Fee $8-$20 3. Flood Hazard Determination Fee $4.25 4. Flood Hazard Life of Loan Tracking Fee $1 5. Lender Premium $100-$1500 6. Mortgage Risk Protection Fee $50 7. Title Examination/Closing Fee $100-$1000 8. Appraisal Fee $55-$1000 9. Survey Fee* $150-$700 10. Florida Branches Intangible Personal * $20-$200 11. Florida Branches Documentary Stamp Tax* $35-$2450 12. Alabama Mortgage Recording Tax* $15-$150

Fees associated with opening a Line of Credit at Whitney Bank generally range from $0-$1500, as follows: Whitney Bank: Range of Fees: 1. Mortgage Recordation Fee $86-$330 2. Existing Mortgage Cancellation Fee $40-$150 3. Flood Hazard Determination Fee $4.25 4. Flood Hazard Life of loan Tracking Fee $1 5. Lender Title Insurance Premium $100-$1500 6. Mortgage Risk Protection Fee $50 7. Title Examination / Closing Fee $100-$1000 9. Appraisal Fee $55-$1000 10. Survey Fee* $150-$500 11. Documentary Tax (Orleans Parish Only)* $325 12. Notice of Seizure Fee $50-$80 (varies parish to parish) 13. Notary Fee $50-$100

We may pay a portion of the above closing costs on your behalf, as outlined below:

a. *We will not pay any portion of the Alabama Mortgage Recording Tax, the Florida Intangible Personal Property Tax, the Florida Documentary Stamp Tax, the Orleans Parish Documentary Tax (where those taxes may be applicable and vary with the loan amount), or the Survey Fee. b. For a Line with a credit limit of $250,000 or less, we may pay on your behalf all other closing costs listed above; and c. For a Line with a credit limit of more than $250,000 we may pay on your behalf a portion of all other closing costs listed above up to a maximum of $500.

You must pay any remainder of the closing costs in cash at closing.

PREPAYMENT AND REIMBURSEMENT OF CLOSING COSTS. You agree that if you voluntarily cancel your Credit Line within one year of the date of your Line agreement, you may also be required to reimburse us for all or part of the closing costs we paid to nonaffiliated third parties on your behalf, which will be listed on your closing document “Schedule of Closing Costs”. Your reimbursement obligation will in no event exceed 2% of your initial credit limit under your Credit Line. Your obligation to repay the closing costs we paid to nonaffiliated third parties on your behalf terminates on the first anniversary of the Credit Line agreement.

Revised 1/1/10; 2/1/10; 4/10, 2/9/11, 5/1/11, 1/15/12, 3/15/12, 5/3/12, 8/2/12, 12/1/12, 3/4/13, 8/1/13, 11/12/13, 12/02/13, 3/1/14, 07/1/14, 11/15/14, 4/1/15, 7/1/15, 8/17/15

Rev 08/17/2015 Page 4 of 7 Hancock Bank / Whitney Bank Loan Options For Your Residential Request

Customer Name ______Date ______

Loan Amount ______Loan Number ______

Loan Options Notice: Our goal is to offer a variety of home loan products with different features in terms, interest rates, fees and closing costs designed to meet your specific financial needs. You have been presented with loan options of the types of that you expressed interest in, for which your loan originator has determined that you would likely qualify. Except as set forth below, you acknowledge that you were presented with these loan options: 1. A loan option with the lowest interest rate; 2. A loan option with the lowest interest rate without , prepayment penalty, interest-only payments, a balloon payment in the first 7 years of the loan, a demand feature, shared equity, or shared appreciation. 3. A loan option with the lowest total dollar amount for origination points or fees and discount points. You may be presented with fewer than three loan options if those loan options presented: 1. Included all of the above loan features, or 2. Your loan originator determined in good faith that you would not likely qualify for all three loan options and presented you with the loan options for which you would likely qualify.

Additional Information about Your Loan Request: The Bank uses different delivery channels – the Mortgage Department and Retail Consumer Department. Each of these departments has separate application processes as well as separate underwriting and approval requirements for the different types of loans they offer.

For example, the Mortgage Department offers first mortgage loans on primary residences with terms from 10 to 40 years both on a fixed or variable rate basis. The Retail Consumer Loan Department offers loans on primary residences from as low as $2,500 with loan terms up to 15 years. In addition, the Retail Consumer Loan Department offers both first and second lien Home Equity Lines of Credit on primary residences. The Home Equity Line of Credit is a variable rate product featuring a 10 year draw period followed by a 15 year repayment period.

You understand you are free to apply with either or both departments at any time. The choice, of course is yours. By offering both delivery channels and explaining the loan options, we can help you select the product that is best for you.

Your loan originator has offered you the opportunity to consult with representatives of both the Mortgage Department and the Retail Consumer Loan Department in order to learn about the various loans offered by each. After consideration of all options, you have chosen to apply with the Retail Consumer Loan Department for your home loan.

You understand that if for any reason your application is not approved in the Retail Consumer Loan Department, you will not automatically be considered for a loan from the Mortgage Department and that you must submit an application to that department in order to be considered for a loan there.

______Customer Signature Customer Signature Date

“Hancock Bank” is a trade name used by Whitney Bank. Whitney Bank offers and provides financial products and services through its locations as “Whitney Bank” in Louisiana and Texas and as “Hancock Bank” in Mississippi, Alabama and Florida.

Rev 08/17/2015 Page 5 of 7 APPRAISAL NOTICE

[ ] HANCOCK BANK [ ] WHITNEY BANK

To Applicant(s):

Application/Loan No.

We may order an appraisal to determine the property’s value and charge you for this appraisal. We will promptly give you a copy of any appraisal, even if your loan does not close.

You can pay for an additional appraisal for your own use at your own cost.

Rev 08/17/2015 Page 6 of 7 WAIVER OF THREE DAY NOTICE PERIOD

Federal law requires us to provide you with a copy of each appraisal or written valuation of your property promptly upon completion, but no less than 3 business days before you sign your loan documents, or 3 business days before your account is opened, whichever is earlier.

This 3 business day notice period is required by federal law, and your loan may not be closed or your account opened until 3 business days have passed after you receive your appraisal or written valuation unless you waive the 3 day notice period.

If you wish to close your loan or open your account within 3 days of receiving your appraisal or other written valuation, you must sign this waiver.

By signing this waiver below, you acknowledge reading and understanding the information disclosed above and you agree that we may provide the appraisal or written valuation of your property to you at or within 3 days of loan closing or account opening, except where otherwise prohibited by law.

______Borrower Date Borrower Date

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