NOTICES TO REAL ESTATE MORTGAGE LOAN APPLICANT

RIGHT TO FINANCIAL PRIVACY
As required by the right to Financial Privacy Act of 1978, this is notice to you that the Department of Housing and Urban Development ("HUD") has a right of access to financial records held by your lender with regard to consideration or administration of government assistance to you. The information requested for government loans is authorized by Title 38 U.S.C. Chapter 37 (if VA); by 12 U.S.C. SS1701 et seq. (if HUD/FHA); by 42 U.S.C. SS1458B (if HUD/CPD); and by 42 U.S.C. SS1471 et seq. or 7 U.S.C. SS1921 et seq. (if U.S.D.A. FmHa). Financial records involving your transaction will be available to HUD without further notice to or authorization from you but will not be disclosed or released by your lender to any other Government Agency or Department without your consent except as permitted under the Rights to Privacy Act of 1987 (12 U.S.C. SS3401 et seq.).

FAIR CREDIT REPORTING
As part of processing your real estate mortgage loan application ("Loan Application"). Your lender may request a consumer report from a consumer reporting agency (for the purpose of processing your real estate loan application) (15 U.S.C. SS1681). A "consumer report" means any information by a consumer reporting agency bearing a consumer's credit worthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living which serves as a factor in establishing a consumer's eligibility for credit. Your lender may also procure or cause to be prepared an "investigative consumer report" which may include information on your character, general reputation, personal characteristics or mode of living through interviews with persons who know you. Should your lender determine that an investigative consumer report is needed to process your application, your lender will notify you within three (3) days after the investigative consumer report is requested.

If the information obtained from a consumer report causes your lender to deny or increase the charge with respect to your loan application, your lender will supply the name, address and telephone number of the consumer reporting agency which made the report. If you request information from the consumer reporting agency within thirty (30) days of being notified by your lender, the consumer reporting agency must provide to you, without charge: (1) the nature and substance of all information, other than medical information in its files at the time of your lender's request; (2) the sources of the information, except information solely acquired and used for an investigative consumer report; and (3) the recipients of the consumer report within a six-month period preceding your request. Should you request information from the consumer reporting agency after thirty (30) days, the agency may impose a reasonable charge for the disclosure. If your lender denies or increases the charge for your loan application because of information obtained from a source other than a consumer reporting agency, the lender must disclose the nature of the information within a reasonable time after your request. Your request must be received by the lender within sixty (60) days after learning of the denial or increase in the charge of your loan application.

EQUAL CREDIT OPPORTUNITY
The Federal Equal Credit Opportunity Act (15 U.S.C. SS1691 et seq.) prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided that the applicant has the capacity to enter into a binding contract); because all or part of the applicants income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The Federal agency that administers compliance with this law varies from lender to lender and is disclosed directly to you with your written disclosures or online with the lender profile.

APPLICANT'S WILL AUTHORIZE AND ACKNOWLEDGE
Applicant's will authorize the lender to process the Loan Application and to incur expenses and fees for appraisal, credit report, Fannie Mae or Freddie Mac underwriting fees (if applicable) and other items normally required for processing a real estate mortgage loan application. Applicant agrees to pay or reimburse the lender for such expenses and fees for any "rush" charges incurred to expedite the processing of applicant's Loan Application. Subject to applicable laws, all fee(s) or deposit(s) which applicant has delivered or paid to the lender for processing of the Loan Application or for the Mortgage Loan, are not refundable
Interest charges on this loan will begin on the date that your lender disburses the loan proceeds rather than the date of recordation of the loan documents evidencing this real property transaction.

The lenders do not make any representations or guarantees regarding the valuation of the property being financed, interest rates or loan fees. The lender is not responsible for changing market conditions that affect valuation and interest rates. The appraised value of a property reflects an opinion of value and is not meant to guaranty the value that would be realized from the sale of the property. The final determination of value for loan purposes will be made by the loan underwriter upon the review of the appraisal report.

The ability to receive a guarantee or "lock-in" of an interest rate and loan fee is dependent upon the parameters of the loan program. Applicant's may discuss rate and fee lock-in options with the lender and loan terms are subject to change at any time without notice prior to the issuance of a written commitment.

Substantial changes have been made in tax laws in recent years. In some cases, interest paid on certain types of loans is not deductible for federal income tax purposes. To determine the deductibility of interest and loan fees on a loan, please contact a qualified tax advisor.

Your lender may require an impound/escrow account requiring monthly installments of real property taxes, hazard insurance premiums and lease rent, where applicable, for the future payment of such items. In consideration of the services that may be rendered in connection with maintaining and disbursing the impound account, no interest or earnings shall be paid on funds collected from borrower's except as otherwise provided by law.

Loans shall be subject to the conditions of title being acceptable to the lender. The loan is also subject to the lender's receipt of an ALTA Lender's Policy of Title Insurance issued by a title insurance company satisfactory to the lender, with such endorsements as may be required, insuring that the mortgage shall be a valid lien on the secured property, free and clear of all liens and encumbrances except as may be agreed to in writing by your lender.

In the event that any information borrowers provide in the loan application changes prior to loan recordation, they must notify the lender in writing. This includes any change in income, employment or liabilities. In addition, borrower's agree to deliver, on a timely basis, all items requested by the lender that are deemed necessary to facilitate the prompt processing of the loan application.

Various disclosures as required by law will be issued upon the receipt of a completed application. A "complete" application is defined as an application which accompanies all documents as required in the lender Documentation Checklist together with the advance deposit. If the borrower applies for an adjustable rate mortgage, they will receive a loan program disclosure and a booklet titled Consumer Handbook on Adjustable Rate Mortgages.