The FOUNDER'S PLAN has three options:

OPTION 1 : PAYMENT OF THE ENTRANCE FEE IN FULL

Under this option, the resident pays the entrance fee in full upon admission.  Monies would be refunded to the resident or the resident's estate, based upon a declining scale, if the resident occupies the unit less than 8 years. Following 8 years of occupancy, the resident or the estate of the resident is guaranteed a 10 percent refund of the original entrance fee at the time the living unit is vacated.  This refund is only available to those residents that pay the entry fee in full upon admission.

OPTION 2: 50% DOWN PAYMENT OF THE ENTRANCE FEE

Under this option, the resident pays 50 percent of the entrance fee upon admission.  Maranatha Village then provides financing for the remaining 50 percent.  Financing can be arranged over a 10 to 15 year period at a rate of 7.5 percent interest.

OPTION 3:  25% DOWN PAYMENT OF THE ENTRANCE FEE

Under this option, the resident pays 25 percent of the entrance fee upon admission.  Maranatha Village then provides financing for the remaining 75 percent.  Financing can be arranged over a 10 to 15 year period at a rate of 8.5 percent interest.

THE MONTHLY MAINTENANCE FEE COVERS taxes, building insurance, water, sewer, trash removal, cable television, grounds maintenance, and maintenance of the living unit, including the appliances furnished by Maranatha Village.  Services such as housekeeping, meals, and laundry are available for a nominal additional fee.

FUNDS PAID TO MARANATHA VILLAGE UNDER THE FOUNDER'S PLAN BECOME THE PROPERTY OF MARANATHA VILLAGE SUBJECT TO THE TERMS OF THE RESPECTIVE CONTRACTS.