SEVEN DAY REDEEMABLE CERTIFICATE
No. ________________ $________________
PIF/CORNERSTONE MINISTRIES INVESTMENTS, INC. ("ISSUER" OR "WE" AND RELATED
PRONOUNS) promises to pay to ___________________________________________________
or registered assigns ("you" or "holder"), the principal sum of ________________
________________________ Dollars ($__________).
Taxpayer I.D. Number: __________________ CUSIP Number:_________________.
Payment Dates:______________ and ________________.
Maturity Date:______________
Interest Rate: See below
This Certificate has no stated maturity. It can be purchased in any amount of at
least $100 and you can add to your Certificate at any time, in amounts of $100
or more. The amount you have invested will remain in your Certificate account
until you redeem it. You may redeem any amount of the balance by giving us at
least seven days written notice of the amount you want redeemed and the date you
want us to send you a check.
The rate of interest will initially be 5%. Our board of directors will set the
rate on the first business day of each January, June, September and December.
The directors may also change the rate between those dates if they believe that
market conditions warrant a change. You will be notified seven days in advance
of any rate change and we will keep the current interest rate posted on our web
site [__________]. You can choose to have interest paid semiannually or when you
redeem an amount.
General terms. Your Certificate will begin to bear interest at the stated rate
one business day after we receive your funds. However, we will not issue the
Certificate or a receipt for an investment until the check or other payment has
cleared our bank. All interest and maturities will be calculated on a 365-day
year. Any payment due on a weekend or on a nationally recognized bank holiday
will be paid the next business day.
We will set interest rates for future certificates as market conditions warrant.
Certificates issued in the future may bear higher or lower interest rates than
the currently offered certificates, and may have different terms and conditions
than this Certificate.
Certificates will normally be registered in book entry form and the investor
will receive only a written confirmation of their investment, and not an actual
certificate.
Dated:_________________, 2001
___________________, as Trustee, certifies PIF/CORNERSTONE MINISTRIES
that this is one of the Certificates INVESTMENTS, INC.
referred to in the Trust Indenture.
By:_________________________________ By:_________________________
Name: Name:
Title: Title:
[SEAL] [SEAL]
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