Loan Application Acknowledgment and Agreement

The undersigned specifically acknowledge(s) and agree(s) that:

1. The loan requested by this application will be secured by a first mortgage or deed of trust on the property described herein.

2. The property will not be used for any illegal or prohibited purpose or use:

3. All statements made in this application are made for the purpose of obtaining the loan indicated herein.

4. Occupation of the property will be as indicated above.

5. verification of any information contained in the application may be made at any time by the lender, its agents, successors and assigns, either directly or through a credit reporting agency, from any source named in this application, and the original copy of this application will be retained by the lender, even if the loan is not approved.

6. the lender, its agents, successors and assigns will rely on the information contained in the application and I/we have a continuing obligation to amend and/or supplement the information provided in this application if any of the material facts which I/we have represented herein should change prior to closing.

7. in the event my/our payments on the loan indicated in this application become delinquent, the lender, its agents, successors and assigns, may, in addition to all their other rights and remedies, reports my/our name(s) and account information to a credit reporting agency.

8. ownership of the loan may be transferred to successor or assign of the lender without notice to me and /or the administration of the loan account may be transferred to an agent, successor or assign of the lender with prior notice to me.

9. The Lender, its agents, successors, and assigns make no representation or warranties, express or implied, to the borrower(s) regarding the property, the condition of the property, or the value of the property.

Certification: I/We certify that the information provided in this application is true and correct as of the date set forth opposite my/our signature(s) on this application and acknowledge my/our understanding that any intentional or negligent misrepresentation(s) of the information contained in this application may result in civil liability and/or criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Section 1001, et seq. And liability for monetary damages to the lender, its agents, successors and assigns, insurers and any other persons who may suffer any loss due to reliance upon any misrepresentation which I/we have made this application.