1. Who owns the community?
    A not-for-profit corporation named Forest Lake Estates Co-op, Inc.

2. What is a share?
    A share is the term commonly used for describing an individual ownership and control of a certain lot in the community as well as all common areas and any other assets owned by the Co-op.

3. Can I sell my share to someone else?
    Yes. You may sell your share along with your home for any price you wish. The purchaser must be approved by the Board of Directors. Refusal is not permitted so long as the purchaser meets the standards set for the residents of the community.

4. Can I sell my share to the Cooperative?
    Yes. A provision has been made for you to sell your share to the Co-op for the price you paid. You are placed on a list of those wishing to sell their share on the next come basis, subject to provision contained in agreements and in prospectus filing.

5. What happens to my share if I die?
    Provision has been made to purchase the share if your heirs do not wish to keep it.

6. Who runs the community?
    The shareholders elect a Board of Directors. The Board is responsible for overseeing the shareholders approved policies for the community. The Board has hired a professional management company, Premier Community Management, Inc., which have the responsibility of the day to day operations.

7. As a shareholder what do I pay?
    As a shareholder you pay a monthly maintenance fee of $125.00. The property will be assessed by the tax collector as real estate. If you homestead, your property taxes will be lowered.

8. If I sell my home does the buyer have to buy the share?
    Yes, the share may not be sold seperate from the home.

9. Can I finance the purchase of the share?
    Yes, there are four options available:

1. Make a down payment of 10% of the purchase price and finance the balance.
2. Secure the loan with title to your home (which has no mortgage) and finance the entire purchase price of the share.
3. Secure the loan with title of your home (which has a balance owed) and finance the entire purchase price of the share.
4. Refinance your home and include the share for a total package loan secured with title to your home.

10. What type of financial plans are available?
    Programs are available at extremely competitive rates with longer than normal repayment terms. A local financial broker has arranged a program where the loan has a fixed rate for thirty (30) years which is the full term and amortization.

11. Is there a prepayment penalty on the loan?
    No. All loan payments provide that you may prepay all or parts of the principal without penalty.