This can be met with at least ONE of the following: A) Recent credit report (within 90 days), B) Recent income statements (tax return or W2s), C) Recent asset statement (within 90 days), D) Recent Pay Off Statement or Closing Statement of previous Private Money Loan, E) Proof Entity is in "Good Standing" with the Corporation Commission, F) Active Real Estate License
Acknowledgment and Agreement
Each of the undersigned specifically represents to Lender and to Lender's actual or potential agents, brokers, processors, attorneys,
insurers, services, 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 herein, (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 herein; (6) any owner or servicer of the Loan may verify or reverify any information contained in
the application from any source named in this application, and Lender, its successors or assigns may retain the original and/or an electronic
record of this application, even if the Loan is not 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 owner or servicer of the Loan 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 credit
reporting agencies; (9) signature of this form gives consent to the originator that a credit report may be pulled using the signors social
security number; (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.
I CERTIFY THAT THIS LOAN APPLICATION IS FOR BUSINESS PURPOSES. THE SUBJECT PROPERTY ON THIS LOAN APPLICATION WILL NOT BE OWNER OCCUPIED WHILE THIS APPLIED FOR LOAN IS ACTIVE ADN OPEN. I CERTIFY THAT THE SOLE REASON FOR THIS PURCHASE IS FOR INVESTMENT OR BUSINESS PURPOSES.
