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Each
of the undersigned
specifically
represents 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
electronic 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
residential 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 this
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.
Acknowledgement.
Each of the
undersigned hereby
acknowledges that
any owner of the
Loan, its services,
successors and
assigns, may verify
or re-verify 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. I also
acknowledge that I
have read and agree
with the
Fair Credit
Reporting Act &
Authorization to
Release Information
Form. |
