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The undersigned acknowledges and agrees that (1) loan requested by the application will be secured by a first mortgage or deed of trust on tbat property described; (2) the property will not be used for any illegal purposes or uses (3) all statements made in tbis application are made for purposes of obtaining loan indicated herein; (4) occupation of property will be indicated as above; (5) verification or reverification of any information contained in the application may be made at any time by the Lender it's agents and or assigns, eitber directly through a credit reporting agency, or from any source named within this application and the original application shall be held by the lender, even if loan is not approved; (6) the Lender, its agents successors and or assigns will rely upon information contained in this application and I /we have a continuing OBLIGATION TO amend and/ or supplement information provided in 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, it's agents, successors, and /or assigns, may, in addition to all of their other rights and remedies, report my/our name(s) and account information to a credit reporting agency; (8) ownership of the loan may be trans*rred to an agent, 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 and/or assign of the Lender with prior notice to me; (9) the Lender, it's agents, successors and/or assigns make no representations or warranties, express or implied, to the Borrower(s) regarding the property, condition of the property, or value of the property; (10) consumer credit reports will be obtained in connection with this application & we will inform you of the names and addresses of the agency(ies) supplying the report(s). 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 & acknowledge my/our understanding that any intentional negligent misrepresentation(s) of the information contained in this application may result in civil liability for monetary damages to the Lender, it's agents, successors and/or assigns, insurers and any other person(s) who may suffer any loss due to reliance upon any misrepresentation which I/We have made on this application.
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