Loan Application Terms
This application is designed to be completed by the applicant(s) as "Borrower" or "Co-Borrower", as
applicable. Co-Borrower information must be provided when the income or assets of a person other than
the Borrower (including the Borrower's spouse) will be used as a basis for loan qualification or the
income or assets of the Borrower's spouse or other person who has community property rights pursuant
to state law will not be used as a basis for loan qualification, but his or her liabilities must be
considered because the spouse or other person has community property rights pursuant to applicable law
and Borrower resides in a community property state, the security property is located in a community
property state, or the Borrower is relaying on other property located in a community property state as
a basis for repayment of this loan.

Each of the undersigned specifically represents to Lender and to Lender's actual or potential agents,
brokers, processors, attorneys, insurers, servicers, successors and assigns and agrees and acknowledges
that: (1) the information provided in this application is true and correct as of the date set forth
opposite my signature and that any intentional or negligent misrepresentation of this information
contained in this application may result in civil liability, including monetary damages, to any person
who may suffer any loss due to reliance upon any misrepresentation that I have made on this application,
and/or in criminal penalties including, but not limited to, fine or imprisonment or both under the
provisions of Title 18, United States Code, Sec. 1001, et seq.; (2) the loan requested pursuant to this
application (the Loan) will be secured by a mortgage or deed of trust on the property described in this
application; (3) the property will not be used for any illegal or prohibited purpose or use; (4) all
statements made in this application are made for the purpose of obtaining a mortgage loan; (5) the
property will be occupied as indicated in this application; (6) the Lender, its servicers, successors
or assigns may retain the original and/or an electronic record of this application, whether or not the
Loan is approved; (7) the Lender and its agents, brokers, insurers, servicers, successors, and assigns
may continuously rely on the information contained in the application, and I am obligated to amend
and/or supplement the information provided in this application if any of the material facts that I
have represented herein should change prior to closing of the Loan; (8) in the event that my payments
on the Loan become delinquent, the Lender, its servicers, successors or assigns may, in addition to
any other rights and remedies that it may have relating to such delinquency, report my name and account
information to one or more consumer reporting agencies; (9) ownership of the Loan and/or administration
of the Loan account may be transferred with such notice as may be required by law; (10) neither Lender
nor its agents, brokers, insurers, servicers, successors or assigns has made any representation or
warranty, express or implied, to me regarding the property or the condition or value of the property;
and (11) my transmission of this application as an "electronic record" containing my "electronic
signature", as those terms are defined in applicable federal and/or state laws (excluding audio and
video recordings), or my facsimile transmission of this application containing a facsimile of my
signature, shall be as effective, enforceable and valid as if a paper version of this application
were delivered containing my original written signature. The undersigned acknowledges and agrees that
Lender may assign, transfer or hypothecate this loan opportunity to another lender or funding source
and to that end, share the information in this Personal Financial Statement with other lenders and
investors in furtherance of closing the requested loan.

Each of the undersigned hereby acknowledges that any owner of the Loan, its servicers, successors and
assigns, may verify or reverify any information contained in this application or obtain any information
or data relating to the Loan, for any legitimate business purpose through any source, including a source
named in this application or a consumer reporting agency.

If this is an application for joint credit, Borrower and Co-Borrower each agree that we intend to apply
for joint credit.