|
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
or revivification of any information contained
in the application may be made at any time by
the Lender, its agents, successors and assigns,
either directly of through a credit reporting
agency, from any source named in this, and the
original copy of this application will be retained
by the Lender, even in the loan is not approved;
(6) the Lender, its agents, successors and assigns
will rely on the information contained in he application
a 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,report
my/our 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 representations 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 names 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 no 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 person who may suffer any loss due to
reliance upon any misrepresentation which I/we
have made on this application.
|
