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AG 15-157 I RETURN TO: Jeri-Lynn Clark EXT: 2401 CITY OF FEDERAL WAY LAW DEPARTMENT ROUTING FORM 1. ORIGINATING DEPT./DIV: COMMUNITY SERVICES 2. ORIGINATING STAFF PERSON: JERI-LYNN CLARK EXT: 2401 3. DATE REQ.BY: 7/31/15 4. TYPE OF DOCUMENT(CHECK ONE): ❑ CONTRACTOR SELECTION DOCUMENT(E.G.,RFB,RFP,RFQ) ❑ PUBLIC WORKS CONTRACT ❑ SMALL OR LIMITED PUBLIC WORKS CONTRACT ❑ PROFESSIONAL SERVICE AGREEMENT ❑ MAINTENANCE AGREEMENT ❑ GOODS AND SERVICE AGREEMENT ❑ HUMAN SERVICES/CDBG ❑ REAL ESTATE DOCUMENT ❑ SECURITY DOCUMENT(E.G.BOND RELATED DOCUMENTS) ❑ ORDINANCE ❑ RESOLUTION ❑ CONTRACT AMENDMENT(AG#): ❑ INTERLOCAL ❑ OTHER SUBORDINATION AGREEMENT FOR BRENDA AGUILAR 5. PROJECT NAME: BRENDA AGUILAR-HOUSING REPAIR DEED OF TRUST SUBORDINATION 6. NAME OF CONTRACTOR: CARRINGTON MORTGAGE SERVICES LLC ADDRESS: PO Box 692408,SAN ANTONIO,TX 78269 TELEPHONE E-MAIL: FAX: SIGNATURE NAME: TITLE: 7. EXHIBITS AND ATTACHMENTS:❑ SCOPE,WORK OR SERVICES ❑ COMPENSATION ❑ INSURANCE REQUIREMENTS/CERTIFICATE ❑ ALL OTHER REFERENCED EXHIBITS ❑ PROOF OF AUTHORITY TO SIGN ❑ REQUIRED LICENSES ❑ PRIOR CONTRACT/AMENDMENTS 8. TERM: COMMENCEMENT DATE: COMPLETION DATE 9. TOTAL COMPENSATION$ (INCLUDE EXPENSES AND SALES TAX,IF ANY) (IF CALCULATED ON HOURLY LABOR CHARGE-ATTACH SCHEDULES OF EMPLOYEES TITLES AND HOLIDAY RATES) REIMBURSABLE EXPENSE:❑YES ❑NO IF YES,MAXIMUM DOLLAR AMOUNT: $ IS SALES TAX OWED ❑YES ❑NO IF YES,$ PAID BY:❑CONTRACTOR❑CITY ❑ PURCHASING: PLEASE CHARGE TO: 10. DOCUMENT/CONTRACT REVIEW INITIAL/DATE REVIEWED INITIAL/DATE APPROVED ❑ PROJECT MANAGER 111 DIRECTOR = �. - $ /ZOl� ��'�� h ❑ RISK MANAGEMENT(IF APPLICABLE) LAW -7/ 0/15- 11. OU CIL APPROVAL(IF APPLICABLE) COMMITTEE APPROVAL DATE: COUNCIL APPROVAL DATE: 1 . CONTRACT SIGNATURE ROUTING ❑ SENT TO VENDOR/CONTRACTOR DATE SENT: DATE REC'D: ❑ ATTACH: SIGNATURE AUTHORITY,INSURANCE CERTIFICATE,LICENSE,EXHIBITS INITIAL/DATE SIGNED ❑ LAW DEPARTMENT ❑❑ CHIEF OF STAFF We.' SIGNATORY(MAYOR OR DIRECTOR) eS CITY CLERK ASSIGNED AG# AG# k/16-ci 6.6 SIGNED COPY RETURNED DATE SENT C COMMENTS: taut/ 4-7 WV45 �Gk" V10-) ? V i Pw • ✓ i Q r 4,0 <p,,� `'G Recorded at the request of: First American Title Insurance Company Attn:National Recording 1100 Superior Avenue,Suite 200 Cleveland,OH 44114 Prepared by: Candace M.Wilkerson Attorney at Law P.O.Box 45545 Seattle WA 98145 Order Number: 49958022LA Reference: n/a Grantor: CITY OF FEDERAL WAY Grantee: CARRINGTON MORTGAGE SERVICES,LLC Legal Description: Unit 7,Building C,Trinidad South,a condo.,Vol. 16,Pg(s)73-78 Assessor's Parcel No.: 868240-0290-09 SUBORDINATION AGREEMENT NT NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE PROPERTY BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF SOME OTHER OR LATER SECURITY INSTRUMENT. Effective Date: Owner: BRENDA AGUILAR Current Lien Amount: $3,211.58 Senior Lender: CARRINGTON MORTGAGE SERVICES,LLC Senior Lender's Address: PO Box 692408, San Antonio, TX 78269 Subordinating Lender: CITY OF FEDERAL WAY Subordinating Lender's Address: 33325 8th Avenue S., Federal Way, WA 98003 Property Address: 1040 S 320th Street#C7, Federal Way, WA 98003 Subordination Agreement Page 1 of 4 THIS AGREEMENT (the "Agreement"), effective as of the Effective Date above, is made by and among the Subordinating Lender, Owner and the Senior Lender named above. BRENDA AGUILAR (individually and collectively the "Owner") owns the real property located at the above Property Address (the"Property"). The Subordinating Lender has an interest in the Property by virtue of a Deed of Trust(the "Existing Security Instrument") given by the Owner, covering that real property, more particularly described as follows: Unit 7, Building c, Trinidad South, a condominium, Survey Map and Plans recorded in Volume 16, Page(s) 73 through 78, inclusive, Condominium Declaration recorded under Recording Number(s) 7803060541 and amendments thereto, in King County, Washington. Which document is dated September 24, 2014, and which was recorded on April 20, 2015, under King County, State of Washington, Auditor's number 20150420000531. The Existing Security Instrument secures repayment of a debt evidenced by a note or a line of credit agreement extended to BRENDA AGUILAR(individually and collectively "Borrower")by the Subordinating Lender, in the original amount of$3,211.58. The Senior Lender has agreed to make a new loan to Borrower in a LOAN AMOUNT NOT TO EXCEED $149,581.00 (the "New Loan"), provided that the New Loan is secured by a first lien Deed of Trust on the Property (the "New Security Agreement") in favor of the Senior Lender. If the New Loan exceeds this amount, the Subordination Agreement is VOID. The Subordinating Lender is willing to subordinate the lien of the Existing Security Instrument to the lien of the New Security Instrument under the terms set forth in this Agreement. NOW, THEREFORE, for and in consideration of the above recitals,the covenants herein contained, and for good and valuable consideration, the receipt of which is hereby acknowledged,the parties agree as follows: A. Agreement to Subordinate Subordinating Lender hereby subordinates the lien of the Existing Security Instrument, and all of its modifications, extensions and renewals,to the lien of the New Security Instrument. This Agreement is effective as to any sum whose repayment is presently secured or which may in the future be secured by the Existing Security Instrument. Subordination Agreement Page 2 of 4 B. General Terms and Conditions Binding Effect. This Agreement shall be binding upon and inure to the benefit of the respective heirs, legal representatives, successors and assigns of the parties hereto and all of those holding title under any of them. Nonwaiver. This Agreement may not be changed or terminated orally. No indulgence, waiver, election or non-election by New Lender under the New Security Instrument or related documents shall affect this Agreement. Severability. The invalidity or unenforceability of any portion of this Agreement shall not affect the remaining provisions and portions of this Agreement. C. Signatures and Acknowledgements The Subordinating Lender, through its authorized officer, has set their hand and seal as of the Effective Date above unless otherwise indicated. NOTICE: THIS SUBORDINATION AGREEMENT CONTAINS A PROVISION WHICH ALLOWS THE PERSON OBLIGATED ON YOUR REAL PROPERTY SECURITY TO OBTAIN A LOAN, A PORTION OF WHICH MAY BE EXPENDED FOR OTHER PURPOSES THAN IMPROVEMENT OF THE LAND. IT IS RECOMMENDED THAT, PRIOR TO THE EXECUTION OF THIS SUBORDINATION AGREEMENT, THE PARTIES CONSULT WITH THEIR ATTORNIES WITH RESPECT THERETO. Subordination Agreement Page 3 of 4 SUBORDINATING LENDER: CITY OF FEDERAL WAY By: 1 ,groOl Printe�S Name: - y •t-4/ Its: M i",a) t, State of WaSh IN fim ) )ss: County of kuiV I certify that I know or have satisfactory evidence that Jirn Ferrell is the person who appeared before me, a said person acknowledged th he e) signed this instrument, on oath stated that was authorized to execute the instrument and acknowledged it as the Ma jw of CITY OF FEDERAL WAY to be the free and voluntary act of such party for the uses and purposes mentioned in the instrument. Dated: i1t juSt(, 24015 AAAAAAAQAA, STEPHANIE D.COURTNEY Public J NOTARY PUBLIC Public STATE OF WASHINGTON 0Aurlhel My Appointment Expires: 127-!7 APRIL 27 EXPIRES Residing at: Rene. Cwt. 61/14. Subordination Agreement Page 4 of 4 Jeri-Lynn Clark From: fast @etitledocs.com on behalf of degreen @firstam.com Sent: Thursday, July 16, 2015 1:10 PM To: Jeri-Lynn Clark Subject: 49958022LA/Aguilar(Email Ref=1051145778) Attachments: Return Label.pdf; Subordination Package.PDF July 15,2015 City of Federal Way MHA/HARP/HASP LOAN Our File Reference Number:49958022LA New Lender: Carrington Mortgage Services, LLC Borrower Name: Brenda Aguilar Reference Number: 1040 S 320TH ST #C7 FEDERAL WAY, WA 98003 Dear, City of Federal Way The following package contains the Subordination Package for the borrower listed above. This is a MHA/HARP/HASP LOAN. I have also enclosed a federal express envelope for you to use to send the subordination agreement back to our office. If you have any questions, please do not hesitate to contact us via phone at 866-874-9696 or email at subordinations©firstam.com. Sincerely, Dexarus Green Centralized Subordination Team First American Mortgage Solution Dexarus Green First American Mortgage Solutions A Division of First American Title Company AA Email: degreenPflrstam.com If you are not 100% satisfied with my service or your experience with First American Mortgage Solutions (FAMS), please let me or my manager know right away. Our contact information is below. Thank you for choosing FAMS My Manager's name is Aqiyl Wyke (Supervisor File No.: 49958022LA Borrower: Brenda Aguilar 1 Property Address: 1040 S 320TH ST #C7, FEDERAL WAY, WA 98003 ****************************************************************************************** This message may contain confidential or proprietary information intended only for the use of the addressee(s)named above or may contain information that is legally privileged. If you are not the intended addressee, or the person responsible for delivering it to the intended addressee, you are hereby notified that reading, disseminating, distributing or copying this message is strictly prohibited. If you have received this message by mistake,please immediately notify us by replying to the message and delete the original message and any copies immediately thereafter. If you received this email as a commercial message and would like to opt out of future commercial messages,please let us know and we will remove you from our distribution list. Thank you.- ****************************************************************************************** FAFLD 2 Page 1 of 1 C O �{ en-1'1W O'rn Zm (-)73C' WC IIIIIIII■ CI V =�� ;— V1 I. CO CO -im (Arne E -0-1 _= 7-4- --i 3 —i 0 m P-R-I`.):, (25 ....„ P m V1 m W N mom .. m I', Z N pcs ____ Z n m( n a _ X Imo oe _ "= GI m Z Z Km. ulmil< c) Oo = m r^ Co -si = - � DA CS A m N m O 3 �_ --I - m _ 71 W (7A4 a - _ _ _ -< v Z sue=_ X 0 . gppC Z r H m V w r. Da z c o r m *2 Ti e J16211618211,11. 539J311 A1531 DO After printing this label: 1.Use the'Print button on this page to print your label to your laser or inkjet printer. 2.Fold the printed page along the horizontal line. 3.Place label in shipping pouch and affix it to your shipment so that the barcode portion of the label can be read and scanned. Warning: Use only the printed original label for shipping. Using a photocopy of this label for shipping purposes is fraudulent and could result in additional billing charges,along with the cancellation of your FedEx account number. Use of this system constitutes your agreement to the service conditions in the current FedEx Service Guide,available on fedex.com.FedEx will not be responsible for any claim in excess of$100 per package,whether the result of loss,damage,delay,non- delivery,misdelivery,or misinformation,unless you declare a higher value,pay an additional charge,document your actual loss and file . a timely claim.Limitations found in the current FedEx Service Guide apply.Your right to recover from FedEx for any loss,including intrinsic value of the package,loss of sales,income interest,profit,attorneys fees,costs,and other forms of damage whether direct, incidental,consequential,or special is limited to the greater of$100 or the authorized declared value.Recovery cannot exceed actual documented loss.Maximum for items of extraordinary value is$1,000,e.g.jewelry,precious metals, negotiable instruments and other items listed in our ServiceGuide.Written claims must be filed within strict time limits,see current FedEx Service Guide. https://www.fedex.com/shipping/html/en//PrintIFrame.html 7/16/2015 • " A.Settlement Statement(HUD-1) OMB Approval No.2502-0265 8.Type of Loan First American Title Insurance Company Mortgage Services 1.5. Loan Type: FHA Division-NTP 6. File Number:49958022LA Estimated Statement 7. Loan Number.1504106218 8. Mortgage Insurance Case Number. C. Note: This form is furnished to give you a statement of actual settlement costs.Amounts paid to and by the settlement agent are shown.Items marked'(POC)'were paid outside this dosing;they are shown here for informational purposes and are not induded in the totals. D. Name&Address of Borrower: Brenda Aguilar 1040 S 320TH ST#C7,FEDERAL WAY,WA 98003 E. Name&Address of Seller: F. Name&Address of Lender: CARRINGTON MORTGAGE SERVICES,LLC 1610 EAST ST.ANDREW PLACE,SUITE B-150 SANTA ANA,CA 92705 G. Property Location: 1040 S 320TH ST#C7,FEDERAL WAY,WA 98003 H. Settlement Agent:First American Title Insurance Company Mortgage Services (866)766-2816 I• Division-NTP Estimated Settlement Date: Address:6 Campus Circle,Bldg 6 Floor 3,Westlake,TX 76262 Print Date:07/15/2015,3:40 PM Estimated Disb.Date: Place of Settlement Address:6 Campus Circle,Bldg 6 Floor 3,Westlake,TX 76262 Signing Date: J.Summary of Borrower's Transaction I K.Summary of Seller's Transaction 100.Gross Amount Due from Borrower 400.Gross Amount Due to Seller 101.ContractSales Price 401.Contract sales price 102.Personal property 402.Personal property 103.Settlement charges to borrower(fine 1400) 5,190.73 403.Total Deposits 104.Principal Balance Of Payoff Loan to Carrington Mortgage Services 144,989.37 404. 105. 405. Adjustments for items paid by seller in advance Adjustments for items paid by seller in advance 108.CitySown taxes 408.City/own taxes 107.County taxes 407.County taxes 108.Assessments 408.Assessments 109. 409. 110. 410. 111. 411. 112. 412. 113. 413. 114. 414. 115. 415. 120.Gross Amount Due from Borrower 150,180.10 420.Gross Amount Due to Seller 200.Amounts Paid by or on Behalf of Borrower 500.Reductions In Amount Due to Seller 201.Deposit or earnest money 501.Excess deposit(see instructions) 202.Principal amount of new loan(s) 149,581.00 502.Settlement charges to seller(ine 1400) 203.Existing ban(s)taken subject 503.Existing ban(s)taken subject 204. 504.Payoff of first mortgage ban 205. 505.Payoff of second mortgage loan 208. 508. 207. 507. 208. 508. 209. 509. Adjustments for items unpaid by seller Adjustments for items unpaid by seller 210.City/town taxes 510.City/own taxes 211.County taxes 511.County taxes 212.Assessments 512.Assessments 213. 513. 214. 514. 215. 515. 216. 518. 217. 517. 218. 518. 219. 519. 220.Total Paid by/for Borrower 149,581.00 520.Total Reduction Amount Due Seller 300.Cash at Settlement fromlto Borrower 600.Cash at Settlement toffrom Seller 301.Goss amount due from borrower(line 120) 150,180.10 801.Gross amount due to seller(inc 420) 302.Less amounts pad bylfor borrower(line 220) 149,581.00 802.Less reductions in amounts due seller(line 520) 303.Cash(X From)(To)Borrower 599.10 603. Previous editions are obsolete. "See Supplemental Page for details. °Paid on Behalf of Borrower. POC-B(Borrower);POC-S(Seller);POC-L(Lender);POC-MB(Mortgage Broker). The Public Reporting Burden for this collection of information is estimated at 35 minutes per response for collecting,reviewing,and reporting the data.This agency may not collect this information,and you are not required to complete this form,unless it displays a currently valid OMB control number.No confidentiality is assured;this disclosure is mandatory.This is designed to provide the parties to a RESPA covered transaction with information during the settlement process. Page 1 File No. 49958022LA L.Settlement Charges 700.Total Real Estate Broker Fees Paid From Paid From Division of commission(line 700)as follows: Borrower's Seller's 701. Funds Funds 702. at Settlement at Settlement 703.Commission paid at settlement 704. 705. 706. 800.Items Payable in Connection with Loan 801.Our origination charge $499.00(from GFE#1) 802.Your credit or charge(points)for the specific interest rate chosen $444.26(from GFE#2) 803.Your adjusted origination charges to CARRINGTON MORTGAGE SERVICES,LLC (from GFE A) 943.26 804.Appraisal fee (from GFE#3) 805.Credit report to CARRINGTON MORTGAGE SERVICES,LLC (from GFE#3) 16.00 806.Tax service (from GFE#3) 807.Flood certification to CARRINGTON MORTGAGE SERVICES,LLC (from GFE#3) 9.00 808. (tram GFE#3) 809. (from GFE#3) 810. (from GFE#3) 811. (from GFE#3) 900.Items Required by Lender to Be Paid in Advance 901.Daily interest charges from to CARRINGTON MORTGAGE SERVICES,LLC (from GFE#10) 222.32 902.Mortgage insurance premium for##Months/Years to CARRINGTON MORTGAGE SERVICES,LLC (from GFE#3) 2,570.14 903.Homeowner's insurance (from GFE#11) 904. 905. 906. 1000.Reserves Deposited with Lender 1001.Initial deposit for your escrow account (from GFE#9) 444.76 1002.Homeowner's insurance $444.76 1003.Mortgage insurance 1004.Property taxes 1005. 1006. 1007.Aggregate Adjustment 1100.Title Charges 1101.Title services and lender's title insurance (from GFE#4) 883.25 1102.Settlement or closing fee $500.00 to First American Title Insurance Company Mortgage Services Division-NTP 1103.Owner's title insurance (from GFE#5) 1104.Lender's title insurance-First American Title Insurance Company Mortgage Services $350.00 1105.Lender's title policy limit $ 149.58 1106.Owner's title policy limit $ 1107.Agents portion of the total title insurance premium $ 0.00 to First American Title Insurance Company 1108.Underwriter's portion of total title insurance premium $ 350.00 to First American Title Insurance Company 1109. 1110. 1111. 1112. 1200.Government Recording and Transfer Charges 1201.Government recording charges (from GFE#7) 102.00 1202.Recording fees:Deed$0.00 Mortgage$102.00 Release$0.00 1203.Transfer taxes (from GFE#8) 1204.City/county tax/stamps: 1205.State tax/stamps: 1206. 1207. 1208. 1209. 1210. 1300.Additional Settlement Charges 1301.Required services that you can shop for (from GFE#6) 1302. 1303. 1304. 1305. 1306. 1307. 1308. 1309. 1400.Total Settlement Charges(enter on lines 103,Section J and 502,Section K) I 5,190.73 I See Supplemental Page for details. "Paid on Behalf of Borrower. POC-B(Borrower);POC-S(Seller);POC-L(Lender);POC-MB(Mortgage Broker). Page 2 File No. 49958022LA Comparison of Good Faith Estimate(GFE)and HUD-1 Charges Good Faith Estimate HUD-1 Charges That Cannot Increase HUD-1 Line Number Our origination charge # 801 0.00 499.00 Your credit/charge(points)for the specific interest rate chosen # 802 -444.26 444.26 Your adjusted origination charges # 803 -444.26 943.26 Transfer taxes # 1203 0.00 Charges That in Total Cannot Increase More Than 10% Good Faith Estimate HUD-1 Government recording charges # 1201 0.00 102.00 Credit report # 805 0.00 16.00 Flood certification # 807 0.00 9.00 Mortgage insurance premium for##Months/Years # 902 0.00 2,570.14 Title services and lender's title insurance # 1101 0.00 883.25 # # # Total 3,580.39 Increase between GFE and HUD-1 Charges $3,580.39 or N/A Charges That Can Change Good Faith Estimate HUD-1 Initial deposit for your escrow account # 1001 444.76 444.76 Daily interest charges # 901 222.32 222.32 Homeowners insurance # 903 Loan Terms Your initial loan amount is $149,581.00 Your loan term is 30 years Your initial interest rate is 3.8750% Your initial monthly amount owed for principal,interest,and any $800.59 includes mortgage insurance is 0 Principal ❑ Interest • Mortgage Insurance Can your interest rate rise? ® No. ❑ Yes,it can rise to a maximum of 0.0000%.The first change will be on and can change again every after.Every change date,your interest rate can increase or decrease by 0.00000%.Over the life of the loan,your interest rate is guaranteed to never be lower than 0.0000%or higher than 0.0000%. fyi Even if you make payments on time,can your loan balance rise? No. ❑ Yes,t can rise to a maximum of$. Even if you make payments on time,can your monthly amount 11;1 No. ❑ Yes,the first increase can be on and the monthly amount owed for principal,interest,and mortgage insurance rise? owed can rise to$0.00. The maximum it can ever rise to is$0.00. Does your loan have a prepayment penalty? ® No. ❑ Yes,your maximum prepayment penalty is$0.00. Does your loan have a balloon payment? ® No. ❑ Yes,you have a balloon payment of$0.00 due in 0 years on.. Total monthly amount owed including escrow account payments ❑ You do not have a monthly escrow payment for items,such as property taxes and homeowner's insurance.You must pay these items directly yourself. ® You have an additional monthly escrow payment of$ that results in a total initial monthly amount owed of$800.59.This includes principal,interest any mortgage insurance and any items checked below: 0 Properly taxes ❑ Homeowners insurance ▪ Flood insurance ❑ ❑ ❑ ❑ ❑ ❑ Note:If you have any questions about the Settlement Charges and Loan Terms listed on this form,please contact your lender. Page 3 Carrington Mortgage Services, LLC Uniform Residential Loan Application This application is designed to be completed by the applicant(s)with the Lenders assistance.Applicants should complete this form as"Borrower"or"Co-Borrower",as applicable.Co-Borrower information must also be provided(and the appropriate box checked)when 0 the income or assets of a person other than the Borrower(including the Borrowers spouse)will be used as a basis for loan qualification or0 the income or assets of the Borrower's spouse or other person who has community property rights pursuant to state law will not be used as a basis for loan qualification,but his or her liabilities must be considered because the spouse or other person has community property rights pursuant to applicable law and Borrower resides in a community property state,the security property is located in a community property state,or the Borrower is relying on other property located in a community property state as a basis for repayment of the loan. If this is an application for joint credit,Borrower and Co-Borrower each agree that we intend to apply for joint credit(sign below). Borrower Co-Borrower I L'TYPE OF MORTGAGE AND TERMS St*LOAN Mortgage El VA El Conventional OOther(explain): Agency Case Number Lender Case Number Applied for:®FHA El USDA/Rural 566-1522426-734 1504106218 Housing Service Amount Interest Rate No.of Months Amortization[I]Fixed Rate 0 Other(explain): $149,581.00 3.875 % 360 Type: 0 GPM it ARM(type): H.PROPERTY IWORMATICY4 AND PURPOSROP Subject Property Address(street,city,state,&ZIP) No.of Units 1040 S 320TH STREET#C7,Federal Way,WA 98003 County:King 1 Legal Description of Subject Property(attach description if necessary) Year Built 19802 Purpose of Loan:El Purchase CI Construction El Other(explain): Property will be: ®Refinance El Construction-Permanent ®Primary El Secondary El Investment Residence Residence Complete this line if construction or construction-permanent loan. Year Lot Acquired Original Cost Amount Existing Liens (a)Present Value of Lot 1(b)Cost of Improvements I Total(a+b) $ $ $ $ $ Complete this line if this is a refinance loan. Year Acquired Original Cost Amount Existing Liens Purpose of Refinance Describe Improvements 0 made 0 to be made 2005 $115,000.00 $146,865.00 No Cash-Out FHA Streamlin Cost$ Title will be held in what Name(s) Manner in which Title will be held Estate will be held in: Brenda Aguilar Single woman ® Fee Simple it Leasehold Source of Down Payment,Settlement Charges and/or Subordinate Financing(explain) (show expiration date) r Borrower W.BORROWEROMMIATONt l teF `s',, , ,n. ..r,- Borrowers Name(include Jr.or Sr.if applicable) Co-Borrower's Name(include Jr.or Sr.if applicable) Brenda Aguilar Social Security Number Home Phone(incl area code) DOB(MM/DD/YYYY)Yrs.School Social Security Number Home Phone(inch area code) DOB(MM/DO/YYYY)Yrs.School 556-67-8056 253-315-5102 07/26/1981 19 I/ 0 Married 110 Unmarried(include single, Dependents(not listed by Co-Borrower)El Married 0 Unmarried(include single Dependents(not listed by Borrower) divorced,widowed) no. a 9 es divorced,widowed) no. ages El Separated 2 I 5,8 i]Separated Present Address(street,city,state,ZIP) ®Own El Rent No.Yrs. Present Address(street,city,state,ZIP) El Own El Rent No.Yrs. 1040 S 320TH STREET#C7 10Y7 M Federal Way,WA 98003 Mailing Address,if different from-Present Address Mailing Address,if different from Present Address 1040 S 320TH STREET#C7 Federal Way,WA 98003 If residing at present address for less than two years,complete the following: Former Address(street,city,state,ZIP) O Own 0 Rent No.Yrs. Former Address(street,city,state,ZIP) 0Own 0 Rent No.Yrs. I borrower . Rf.IMi1PLonter rBIFeRMftZ ou Name&Address of Employer 0 Self Employed Yrs.on this job Name&Address of Employer 0 Self Employed Yrs.on this job 6M Lutheran Community Services Yrs.employed in Yrs.employed 223 North Yakima Avenue this line of in this line of work/profession WA 98403 k/profession work/profession 7 Position/Title/Type of Business Business Phone(incl.area code) Position/Title/Type of Business Business Phone(incl.area code) Health Coordination 253-722-5685 If employed in current position for less than two years or if currently employed in more than one position,complete the following: Name&Address of Employer El Self Employed Dates(from-to) Name&Address of Employer 0 Self Employed Dates(from-to) 06/01/2012 YWCA 11/01/2013 0 Monthly Income Monthly Income Tacoma,WA 0 $ $ Position/Title/Type of Business Business Phone(incl.area code) Position/Title/Type of Business Business Phone(incl.area code) Case Manager Name&Address of Employer El Self Employed Dates(from-to) Name&Address of Employer El Self Employed Dates(from-to) Monthly Income Monthly Income $ $ Position/Title/Type of Business Business Phone(incl.area code) Position/Title/Type of Business Business Phone(incl.area code) Uniform Residential Loan Application Freddie Mac Form 65 7/05(rev.6109) Page 1 of 4 Fannie Mae Form 1003 7/05(rev.6/09) 1003 Page 1 0412011—Encompass360e Carrington Mortgage Services, LLC .WMOIMILY INCOME.; C maiiitD H, ,. Gross Monthly Combined Monthly Income Borrower Co-Borrower - Total Housing Expense Present Proposed Base Empl.Income` $ $ $ Rent Overtime First Mortgage(P&I) 884.94 $ 703.39 Bonuses Other Financing(P&I) Commissions Hazard Insurance Dividends/Interest Real Estate Taxes 111.19 111.19 Net Rental Income Mortgage Insurance 131.84 97.20 Other(before completing, Homeowner Assn.Dues 225.00 225.00 see the notice in"describe other income,"below) Other 0.00 Total $ $ $ Total $ 1,352.97 $ 1,136.78 •Self Employed Borrower(s)may be required to provide additional documentation such as tax returns and financial statements. Described Other Income Notice:Alimony,child support,or separate maintenance income need not be revealed if the Borrower(B)or Co-Borrower(C)does not choose to have it considered for repaying this loan. B/C Monthly Amount f, ' Ass AND This Statement and any applicable supporting schedules may be completed jointly by both married and unmarried Co-Borrowers if their assets and liabilities are sufficiently joined so that the Statement can be meaningfully and fairly presented on a combined basis;otherwise separate Statements and Schedules are required.If the Co-Borrower section was completed about a non-applicant spouse or other person,this Statement and supporting schedules must be completed about that s Ouse or other arson also. Completed iJ Jointly Not Jointly ASSETS Cash or Market Liabilities and Pledged Assets. List the creditor's name, address and account number for all Description Value outstanding debts,including automobile loans,revolving charge accounts,real estate loans,alimony, Cash deposit toward purchase held by: $ child support,stock pledges,etc.Use continuation sheet,if necessary.Indicate by C)those liabilities which will be satisfied upon sale of real estate owned or upon refinancing of the subject property. Monthly Payment& LIABILITIES Months Left to Pay Unpaid Balance List checking and savings accounts below Name and address of Company $Payment/Months $ Name and address of Bank,S&L,or Credit Union Carrington US Bank 9,040.00 '146,865.00 1800 TAPO CANYON 292 SIMI VALLEY,CA 93063 And no.4000148742 And no.153556626338 I$ 1,850"05 Name and address of Company $Payment/Months $ Name and address of Bank,S&L,or Credit Union Acct.no. Acct.no $ Name and address of Company $Payment/Months $ Name and address of Bank,S&L,or Credit Union Acct.no. Acct.no. IS Name and address of Company $Payment/Months $ Name and address of Bank,S&L,or Credit Union Acct.no. Acct.no. $ Name and address of Company $Payment/Months $ Stocks&Bonds(Company name/number$ &description) Acct.no. Name and address of Company $Payment/Months $ Life insurance net cash value $ Face amount:$ Subtotal Liquid Assets IS 1,850.05 Real estate owned(enter market value $ 165,000.00 Acct no. from schedule of real estate owned) Name and address of Company $Payment/Months $ Vested interest in retirement fund $ Net worth of business(es)owned $ (attach financial statement) Automobiles owned(make and year) $ Acct.no. Alimony/Child Support/Separate Maintenance $ Payments Owed to: Other Assets(itemize) $ Job-Related Expense(child care,union dues,etc.) $ Total Monthly Payments $ 3' Total Assets a. $ 166,850"05 . ) . 1 19,985.05 Total Liabilities b. $ 146,865.00 Mitektee Uniform Residential Loan Application Brenda Aguilar Freddie Mac Form 65 7105(rev.610$) Page 2 of 4 Fannie Mae Form 1003 7105(rev.6109) 1003 Page 2 04/2011-Encompass360e Carrington Mortgage Services, LLC 1/L.ASSETS AND:LU181uTIES(Comm} „r Schedule of Real Estate Owned(If additional properties are owned,use continuation sheet.) Insurance, Property Address(enter S if sold,PS if pending sale or Type of Present Amount of Gross Mortgage Maintenance, Net R if rental being held for income) Property Market Value Mortgages&Liens Rental Income Payments Taxes&Misc. Rental Income 1040 S 320TH STREET#C7 Federal Way,WA 98003 TOWN 165,000.00 $ 146,865.00 $ $ 1,040.00 S 0.00 S Totals $ 165,000.00 5 146,865.00 $ S 1,040.00 5 S List any additional names under which credit has previously been received and Indicate appropriate creditor name(s)and account number(s): Alternate Name Creditor Name Account Number 1Ig,DETA&$OF TRANSACT)ON ri0* ._ :.'`',1 a.Purchase Price S If you answer"Yes"to any questions a through I,please use tt Borrower Co-Borrower b.Alterations,improvements,repairs continuation sheet for explanation. yes No Yes No c.Land(if acquired separately) a. Are there any outstanding judgments against you? ❑ ® ❑ 0 d.Refinance(incl.debts to be paid off) 146,865.00 b. Have you been declared bankrupt within the past 7 years? ❑ ® ❑ 0 e.Estimated prepaid items 794.12 c. Have you had property foreclosed upon or given title or deed in lieu thereof❑ ® 0 0 in the last 7 years? f. Estimated closing costs 2,187.38 - - g.PMI,MIP,Funding Fee 2,572.66 d. Are you a party to a lawsuit? ❑ ® 0 El h.Discount(if Borrower will pay) 444 26 e. Have you directly or indirectly been obligated on any loan which resulted in ❑ ® ❑ 0 foreclosure,transfer of title in lieu of foreclosure,or judgment? i. Total costs(add items a through h) 152,863.42 (The would include such loans as home mortgage loans,SBA loans,home improvement loans, educational loam,manufactured(mobile)lame loans,any mortgage,financial obligation, j. Subordinate financing 0.00 bond,or VA case number,a°Yes," aasonndetails,including;ate,name and address of Lender,for the k.Borrower's closing costs paid by Seller f. Are you presently delinquent or in default on any Federal debt or any other ❑ ® ❑ 0 I. Other Credits(explain) loan,mortgage,financial obligation,bond or loan guarantee? If"Yes,"give details as described in the preceding question. Seller Credit 0.00 g. Are you obligated to pay alimony,child support,or separate maintenance? ❑ ® ❑ ❑ h. Is any part of the down payment borrowed? ❑ ® ❑ ❑ i. Are you a co-maker or endorser on a note? ❑ ® ❑ ❑ j. Are you a U.S.citizen? ® ❑ ❑ ❑ k. Are you a permanent resident alien? ❑ ® ❑ ❑ I. Do you Intend to occupy the property as your primary residence? ® ❑ ❑ ❑ If"Yes,"complete question m below. m.Loan amount m.Have you had an ownership interest in a property in the last three years? IX! ❑ ❑ ❑ (exclude PMI,MIP,Funding Fee financed) 147,009.00 (1)What type of property did you own-principal residence(PR),second n.PMI,MIP,Funding Fee financed 2,572.00 home(SH),or investment property(IP)? PR o.Loan amount(add m&n) 149,581 00 (2)How did you hold title to the home-solely by yourself(S),jointly with your spouse(SP),or jointly with another person(0)? 8 p.Cash from Ito Borrower 3,282.42 (subtract j,k,I&o from i) DC,ACKNOWLEDGEMENTANDABANEWNir '�� Each of the undersigned specifically represents to Lender and 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 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 Tale 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 seminars,successors or assigns may retain the original and/or 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 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 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 servicers,successors and assigns,may verify or reverify 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. Borrower's Signature Date Co-Borrower's Signature Date x x L x.INFORMATION,FOR w PURPOSES , The following information is requested by the Federal Government for certain types of loans related to a dwelling in order to monitor the lender's compliance with equal credit opportunity, fair housing and home mortgage disclosure laws.You are not required to furnish this information,but are encouraged to do so.The law provides that a lender may not discriminate either on the basis of this information,or on whether you choose to furnish it.If you furnish the information,please provide both ethnicity and race.For race,you may check more than one designation.If you do not furnish ethnicity,race,or sex,under Federal regulations,this lender is required to note the information on the basis of visual observation and surname if you have made this application in person.If you do not wish to furnish the information,please check the box below.(Lender must review the above material to assure that the disclosures satisfy all requirements to which the lender is subject under applicable state law for the particular type of loan applied for.) BORROWER ❑I do not wish to fumish this information. CO-BORROWER❑I do not wish to fumish this information. Ethnicity: ®Hispanic or Latino ❑Not Hispanic or Latino Ethnicity: ❑Hispanic or Latino ❑Not Hispanic or Latino Race: ❑American Indian or ❑Asian ❑Black or Race: ❑American Indian or ❑Asian ❑Black or Alaska native African American Alaska native African American ❑Native Hawaiian or [X]White ❑Native Hawaiian or ❑White Other Pacific Islander Other Pacific Islander Sex: ®Female ❑Male Sex: ❑Female ❑Male To be Completed by Loan Originator: This information was provided: ❑In a face-to-face interview ❑By the applicant and submitted by fax or mail ®In a telephone interview ❑By the applicant and submitted via e-mail or the Internet Loan Originator's Signature j( Date Loan Originator's Name(print or type) Loan Originator Identifier Loan Originator's Phone Number(including area code) Mark Angelo Rollings 417675/State License#-MLO-417675 949-517-5330 Loan Origination Company's Name Loan Origination Company Identifier Loan Origination Company's Address Carrington Mortgage Services,LLC 2600/State License#-CL-2600 1600 South Douglass Road,Suites 110&200-A Anaheim.CA 92806 Uniform Residential Loan Application Brenda Aguilar Freddie Mac Form 65 7105(rev.6/09) Page 3 of 4 Fannie Mae Form 1003 7105(rev.e/09) 1003 Page 3 04/2011-Encompass36Oe Loan Approval (Internal Use Only) CABRINGTON Loan Status: Approved Approved On: 05/06/2015 Loan#: 1504106218(Aguilar) Approval Expires: 06/05/2015 Case#: 566-1522426-734 Suspended On: // Lock Status: Locked Lock Date: 07/06/2015 Lock Expires On: 08/04/2015 Borrower:Aguilar,Brenda Loan Processor Brandy Bandolas Co-Borrower: Loan Officer:Mark Angelo Rollings Subject Property: 1040 S 320TH STREET#C7 Underwriter:Mike Singer City/St/Zip:Federal Way,WA 98003 #Additional Co-Mortgagors: 0 Loan Terms Loan Type: FHA Borrower Credit: $(0.000%) Program: F3OFSR Borrower Discount: $444.26(0.297%) AUS Type: $147,009.00 Carrington Fees: $0.00 Base Loan Amount: $149,581.00 Funds to Close: $3,282.42 Total Loan Amount: $ Subordinate Financing 3.875% Rate: 3.5000% Max Rate: • Margin: Qualification Terms Property Value: $165,000 Purpose: NoCash-Out Refinance Purchase Price: $ Doc Type: Streamline Refinance LTV: 89.096% CLTV: 89.096% Debt Ratios: %/% Property Type/Design: Condominium/Condominium Credit Score: 758 Occupancy: PrimaryResidence Assets Verified: 1,850.05 Lender Loss Payable to read:Carrington Mortgage Services,LLC ISAOA/ATIMA P.O.Box 692408 San Antonio,TX 78269-2408 Conditions Quality Control Review: Carrington to verify documents submitted(Employment,Income,Property,Legal,etc.)and validate qualification(document expiration dates,appraisal,vesting,broker licensing,etc.)prior to releasing closing documents. Document Expiration Dates If a document expires before closing,a new document must be submitted and d may result in additional requirements or conditions. Credit Mtg HUD Credit Soft Pull Rating Assets Paystubs Appraisal _ Title CPL Payoff Short Sale Condo 06/01/2015 06/01/2015 07/13/2015 06/01/2015 /I I/ ,11 // ,Il ll Outstanding Conditions: Prior To Approval Prior To Docs 1. Property-Estimated HUD-1 Required-Provide Estimated HUD-1 For Subject Property 2. MyLoanDetail certificate-Borrower will receive the certificate upon completion of course 3. QM-Loan approved as NON HPML-Underwriter to verify at clear to close. 4. Property-Hazard Insurance(HO-6)-Provide Hazard Declaration page with correct Mortgagee Clause and Minimum remaining policy period at closing is 12 months on purchase and 3 months on refinance transactions. Dwelling coverage must provide for guaranteed replacement cost or cover a minimum of the loan amount or the appraiser's estimate of replacement cost new.A Cost Estimator from the insurance agent may only be used to determine the replacement cost of the subject property in absence of an appraisal. 5. Credit-Payoff Statement 1st Lien-Provide A Copy Of The Most Current Payoff Statement From The First Mortgage Lien Holder 6. COPY OF ORIGINAL NOTE- 7. ADP CODE OF FHA CONNECTION TO BE CHANGED TO 734(CONDO)- 8. MASTER INSURANCE-CMS AS LOSS PAYEE 9. COMPLETE PREVIOUS EMPLOYMENT INFO-PHONE#,ADDRESS 10. TITLE SUPPLEMENT-REMOVE#2,3,4 11. UW TO COMPLETE NTB/MM WS- 12. HOA STATEMENT- Prior To Funding 1. Closing:Refi Rate/Term(FHA)-Cash back not to exceed$0. Judgments,tax liens or delinquent taxes cannot be financed into the loan amount. 2. Closing:Cash to close-Borrower's max cash to close may not exceed$(1850).Funds to close must come from the liquid assets shown and verified on the 1003 3. Escrow shortage and/or late fees cannot be financed or covered by a credit.Borrower to bring in($TBD)to cover fees.Fees are over and above required funds(if applicable)to close.- Internal Loan Approval (Internal Use Only) CAI�RINGTON 1. FHA-LDP/GSA Review-Provide evidence of clear LDP and GSA for all parties in transaction including LO/Builder/Manufacturer/Agents. 2. Closing:Verbal Verification of Employment-Completed verbal verification of employment completed prior to funding. Post-Closing t, -o OMB Approval No.2502-0265 * * I Good Faith Estimate (GFE) Sty mrti Name of Originator Borrower Carrington Mortgage Services, LLC Brenda Aguilar Mark Angelo Rollings Originator 1600 South Douglass Road,Suites 110&200-A Property Address g Address Anaheim, CA 92806 1040 S 320TH STREET#C7 Originator Phone Number Federal Way,WA 98003 Originator Email Mark.Rollings @carringtonms.com Date of GFE 07/07/2015 Purpose This GFE gives you an estimate of your settlement charges and loan terms if you are approved for this loan. p For more information,see HUD's Special Information Booklet on settlement charges,your Truth-in-Lending Disclosures,and other consumer information at www.hud.gov/respa. If you decide you would like to proceed with this loan,contact us. Shopping for Only you can shop for the best loan for you.Compare this GFE with other loan offers,so you can find the best your loan loan. Use the shopping chart on page 3 to compare all the offers you receive. Important dates 1. The interest rate for this GFE is available through 08/04/2015 5:00 PM . After this time,the interest rate,some of your loan Origination Charges,and the monthly payment shown below can change until you lock your interest rate. 2. This estimate for all other settlement charges is available through 07/21/2015 3. After you lock your interest rate,you must go to settlement within 30 days(your rate lock period)to receive the locked interest rate. 4. You must lock the interest rate at least NA days before settlement. Summary of Your initial loan amount is $ 149,581.00 your loan Your loan term is 30 years Your initial interest rate is 3.875% Your initial monthly amount owed for principal, interest,and any mortgage insurance is $ 800.59 per month Can your interest rate rise? ® No ❑ Yes, it can rise to a maximum of %. The first change will be in Even if you make payments on time,can your © No ❑ Yes,it can rise to a maximum of$ loan balance rise? Even if you make payments on time,can your ® No ❑Yes,the first increase can be in monthly amount owed for principal,interest, and the monthly amount owed can rise to and any mortgage insurance rise? $ .The maximum it can ever rise to is$ Does your loan have a prepayment penalty? ® No ❑ Yes,your maximum prepayment penalty is$ Does your loan have a balloon payment? ® No ❑ Yes,you have a balloon payment of $ due in years. Escrow account Some lenders require an escrow account to hold funds for paying property taxes or other property-related information charges in addition to your monthly amount owed of$ 800.59 • Do we require you to have an escrow account for your loan? ❑ No,you do not have an escrow account.You must pay these charges directly when due. © Yes,you have an escrow account. It may or may not cover all of these charges.Ask us. Summary of your A Your Adjusted Origination Charges(See page 2.) $ 943.26 settlement charges B Your Charges for All Other Settlement Services(See page 2.) $ 4,925.60 A ♦ B Total Estimated Settlement Charges $ 5,868.86 GFE p1 (eff.Jan 2010)-04/2011 -Encompass360® Good Faith Estimate(HUD-GFE) 1 Understanding Your Adjusted Origination Charges your estimated 1. Our origination charge settlement This charge is for getting this loan for you. 2. Your credit or charge(points)for the specific interest rate chosen charges The credit or charge for the interest rate of %is included in "Our origination charge." See item 1 above.) You receive a credit of$L I for this interest rate of I I %. This credit reduces your settlement charges. El You pay a charge of$ for this interest rate of I %. This charge(points)increases your total settlement charges The tradeoff table on page 3 shows that you can change your total settlement charges by choosing a different interest rate for this loan. A Your Adjusted Origination Charges $ Your Charges for All Other Settlement Services 3. Required services that we select These charges are for services we require to complete your settlement. We will choose the providers of these services. 4. Title services and lender's title insurance This charge includes the services of a title or settlement agent,for example,and title insurance to protect the lender,if required. 5. Owner's title insurance You may purchase an owner's title insurance policy to protect your interest in the property. 6. Required services that you can shop for These charges are for other services that are required to complete your settlement.We can identify providers of these services or you can shop for them yourself.Our estimates for providing these services are below. 7. Government recording charges These charges are for state and local fees to record your loan and title documents. 8. Transfer taxes These charges are for state and local fees on mortgages and home sales. 9. Initial deposit for your escrow account This charge is held in an escrow account to pay future recurring charges on your property and includes❑all property taxes, 0 all insurance,and ❑other) I 10.Daily interest charges This charge is for the daily interest on your loan from the day of your settlement until the first day of the next month or the first day of your normal mortgage payment cycle.This amount is $ per day for I I days(if your settlement is I I). 11.Homeowner's insurance This charge is for the insurance you must buy for the property to protect from a loss,such as fire. B Your Charges for All Other Settlement Services $ A + B Total Estimated Settlement Charges $ GFE p2(eff.Jan 2010)-04/2011-Encompass360® (-11-1 Good Faith Estimate(HUD-GFE) 2 Instructions Understanding This GFE estimates your settlement charges.At your settlement,you will receive a HUD-1,a form that lists your actual costs. which charges Compare the charges on the HUD-1 with the charges on this GFE.Charges can change if you select your own provider and g do not use the companies we identify.(See below for details.) can change at These charges 9 The total of these charges These charges settlement cannot increase can increase up to 10% can change at settlement at settlement at settlement: • Our origination charge • Required services that we select • Required services that you can shop • Your credit or charge(points)for the • Title services and lender's title for(if you do not use companies we specific interest rate chosen(after you insurance(if we select them or you identify) lock in your interest rate) use companies we identify) • Title services and lender's title • Your adjusted origination charges • Owner's title insurance(if you use insurance(if you do not use (after you lock in your interest rate) companies we identify) companies we identify) • Transfer taxes • Required services that you can shop • Owner's title insurance(if you do not for(if you use companies we identify) use companies we identify) • • Government recording charges Initial deposit for your escrow account • Daily interest charges • Homeowner's insurance Using the In this GFE,we offered you this loan with a particular interest rate and estimated settlement charges.However: tradeoff table • If you want to choose this same loan with lower settlement charges,then you will have a higher interest rate. • If you want to choose this same loan with a lower interest rate,then you will have higher settlement charges. If you would like to choose an available option,you must ask us for a new GFE. Loan originators have the option to complete this table.Please ask for additional information if the table is not completed. The loan in this GFE The same loan with (The same loan with a lower settlement charges lower interest rate Your initial loan amount $ 149,581.00 $ 149,581.00 $ 149,581.00 Your initial interest rate' 3.875% Your initial monthly amount owed $ 800.59 $ $ Change in the monthly amount owed No change You will pay$ You will pay$ from this GFE more every month less every month Change in the amount you will pay at No change Your settlement charges Your settlement settlement with this interest rate will be reduced by charges will increase by $ $ How much your total estimated $ 5,868.86 $ $ settlement charges will be For an adjustable rate loan,the comparisons above are for the initial interest rate before adjustments are made. Using the Use this chart to compare GFEs from different loan originators.Fill in the information by using a different column for each GFE you receive.By comparing loan offers,you can shop for the best loan. shopping chart This loan Loan 2 Loan 3 Loan 4 Loan originator name Initial loan amount Loan term Initial interest rate Initial monthly amount owed Rate lock period Can interest rate rise? Can loan balance rise? Can monthly amount owed rise? Prepayment penalty? Balloon payment? Total Estimated Settlement Charges If your loan is Some lenders may sell your loan after settlement.Any fees lenders receive in the future cannot change the loan you receive sold in the future or the charges you paid at settlement. GFE p3(eff.Jan 2010)-0412011 -Encompass360e ti Good Faith Estimate(HUD-GFE) 3 CARRINGTON P.O. Box 3489,Anaheim, CA 92803 (800)561-4567 P0331 PAYOFF STATEMENT 07/09/15 To: CMS PROCESSING*** BRANDY BANDOLAS Loan Number: 4000148742 FHA Case Number: FR5619171541734 Re: Mortgagor: BRENDA AGUILAR Co-Mortgagor: Property: 1 040 S 320TH STREET#C7 FEDERAL WAY WA 98003 These figures are good to 08/01/15 subject to the conditions herein. This loan is due for the 08/01/15 payment. The current total unpaid principal balance is: $144989.37 Interest at 5.25000: $634.33 Principal& Interest Advance: $.00 Recording Cost: $77.00 Other Unpaid Expenses: $0.00 Recon/Release Cost: $0.00 Deferred Pursuant to Loan Modification: $0.00 Late charges: $0.00 PMI/MI Premium Due: $131.84 Escrow Impound Shortage: $0.00 Escrow Credit: $-333.19 Prepayment Penalty: $0.00 Suspense Balance: $0.00 TOTAL AMOUNT TO PAY LOAN IN FULL $145499.35 Funds received on or after 08/01/15 will require an additional $634.33 monthly interest. THE PAYOFF AMOUNT CONTAINED HEREIN IS EXPRESSLY SUBJECT TO VERIFICATION PRIOR TO THE CLOSE OF ESCROW AND DISBURSEMENT OF PAYOFF FUNDS. ADDITIONAL FEES AND/OR COSTS OR OTHER ADVANCES MAY HAVE OCCURED AFTER THE DATE OF THIS PAYOFF STATEMENT. CARRINGTON MORTGAGE SERVICES, LLC RESERVES THE RIGHT TO RETURN ANY AND ALL PAYOFFS THAT ARE SHORT. P0331 Page 1 CARRINGTON P.O. Box 3489,Anaheim, CA 92803 (800)561-4567 ONLY CERTIFIED FUNDS, OR BANK WIRES WILL BE ACCEPTABLE FORMS OF PAYMENT. PLEASE BE ADVISED THAT THE CURRENT DAILY INTEREST PER DAY CALCULATION WILL CHANGE TO A MONTHLY INTEREST PER DAY CALCULATION AS OF THE 1ST OF EACH MONTH. IMPORTANT NOTICE FOR FHA LOANS: This notice is to advise you of the procedure which will be followed to accomplish a full prepayment of your mortgage. Carrington Mortgage Services, LLC will accept the prepayment (without penalty) whenever tendered with interest paid to the first day of the month following the date prepayment is received. Prepayments received after the installment due date (the first day of the month) must include interest to the next installment due date. For example, if the next installment due date is December 1; prepayments received on or after November 2 will need to include interest to December 1. Please note that unlike principal (which is paid in the current month's mortgage payment), interest earned by the mortgagee the previous month must be paid in the next month's mortgage payment since the interest must be earned by the mortgagee before it is owed by the mortgagor; and the interest being charged to the next installment due date with regard to prepayments is, in fact, interest that was earned the previous month and has yet to be paid by the mortgagor. NOTE: It is to your advantage to arrange closings so that the prepayment reach us on or before(as close to the end of the month as possible) the first work day of the month. Please remit payoff checks to the address below: Attention: Cashiering 1600 South Douglass Road Suite 200A Anaheim, CA 92806 Failure to send checks to the above address may result in the accrual of additional interest. Issuance of this statement does not suspend the contract requirement to make the mortgage payments when due. A late charge of$43.59 will be assessed 15 days after a current payment is due and should be added to the payoff total if received after that time. Should you have any questions regarding this payoff statement notice, please contact Customer Service at 800 561 4567, Monday Thru Friday 8:00 AM to 8:00 PM, Eastern Standard Time. Payoff Department Carrington Mortgage Services, LLC P0331 Page 2 CARRINGTON P.O. Box 3489,Anaheim, CA 92803 (800)561-4567 Wiring Instructions Below are the wiring instructions for payoffs to be sent to Carrington Mortgage Services, LLC. Name: JP Morgan Chase Bank NA ABA# 021000021 ACCT# 758673552 DUE BEFORE 2:00 PM EST PLEASE ATTACH BORROWER'S NAME AND LOAN NUMBER IDENTIFCATION PURPOSES. FAILURE TO DO SO MAY RESULT IN THE RETURNING OF FUNDS. PAYOFF STATEMENT DISCLAIMER LETTER The itemized amounts in this payoff statement are subject to final verification upon receipt of funds by Carrington Mortgage Services, LLC. We reserve the right to adjust these amounts and decline to pay the account in full. If the payoff funds received are insufficient to payoff the account in full for any reason, including,but limited to,error in calculation,NSF, or additional escrow disbursements and/or adjustments, CMS reserves the right to decline to pay the account in full. In addition, any and all accrued interest will be due at the time of payoff. Notice to borrowers with adjustable rate mortgages: The interest rate provided on the payoff statement represent the interest rate in effect on your account at the time the payoff statement was generated. Payoff funds received may not be applied at this interest rate if the interest rate subsequently changed. INSUFFICIENT PAYOFF FUNDS Any payoff funds received by Carrington Mortgage Services, LLC for an amount less than that required to pay the account in full, except in West Virginia, will be applied first to any loan payments delinquent or due,accrued interest, recoverable advances and fees. Any remaining funds will be applied to the principal balance of the account. The Funds will be applied effective the day the payoff funds are received by Carrington Mortgage Services. LLC. The account will not be considered paid in full if the negotiable instrument received contains or is accompanied by language asserting such. By accepting and negotiating any negotiable instrument. Carrington Mortgage Services, LLC does not revoke its legal claim for all outstanding amounts due on the account. Interest will continue to accrue on the principal balance remaining on the account until the entire outstanding amount is paid in full. In the case of insufficient futds,the issuer of the instrument will be contacted for any remaining amount due and now payable. Written authorization is required to credit a positive escrow balance to the payoff amount. For accounts secured by property in the state of West Virginia: If the negotiable instrument is for an amount less than what is required to pay the account in full, the issuer will be contacted prior to the application of the instrument to the account. P0331 Page 3 CARRINGTON P.O. Box 3489,Anaheim, CA 92803 (800)561-4567 FHA Homeowners Fact Sheet FHA Mortgage Insurance Information Who May Be Premium Refund: You may be eligible for a refund of a portion of the insurance Eligible for FHA premium if you: Refund or Share? • Acquired a loan that was endorsed after September 1, 1983 and on or before December 8,2004; • Refinanced an FHA loan to another FHA loan that was endorsed after December 8, 2004; Paid an upfront mortgage insurance premium at closing;and • Did not default on your mortgage payments. Note:Review your settlement/closing papers or check your mortgage company to determine if you paid an upfront premium. Distributive Share: You may be eligible for a share of any excess earnings from the Mutual Mortgage Insurance Fund if you: originated your loan before September 1, 1983; • paid on your loan for more than seven years;and had your FHA insurance terminated before November 5, 1990 Exceptions: Assumptions: When an FHA-insured loan is assumed,the insurance remains in force (the seller receives no refund). The owner(s)of the property at the time the insurance is terminated is entitled to any refund. FHA to FHA Refinances: When an FHA loan is refinanced,the refund from the old premium may be applied toward the upfront premium required for the new loan. Claims: When a mortgage company submits a claim to HUD for insurance benefits,no refund is due the homeowner. Statue of Limitations: HUD is not liable for a distributive share that remains unclaimed 6 years from the date notification was first sent to the last known address of the mortgagor. How are Refunds The FHA Commissioner determines how much of the upfront premium is refunded when Determined? loans are terminated. Refunds are based on the number of months the loan is insured. How are Refunds • Your mortgage company notifies HUD of the mortgage insurance termination for Processed? your loan. If you are eligible for a refund,HUD will either request the Department of the Treasury(Treasury)to issue a check directly to you or send you an Application for Premium Refund or Distributive Share Payment(form HUD-27050-B)for more information. • • Read and complete the application carefully,sign it,have it notarized,and return it to HUD along with proof of ownership of the property at the time the insurance was terminated. • HUD either requests Treasury to issue a check directly to you or requests P0331 Page 4 CARRINGTON P.O. Box 3489,Anaheim, CA 92803 (800)561-4567 additional information from you. How to Follow-up: If you do not receive a check or application within 45 days after you have paid off your loan,check with your mortgage company to verify'that they have sent HUD a request to terminate the mortgage insurance on your loan. If you confirm that the correct termination information was sent,contact HUD. If you do not receive a refund or any other documentation from HUD within 120 days after the date you mailed your application form,contact HUD immediately. How to Contact By Phone: By Mail: HUD: 1-800-697-6967 U.S. Department of Housing and Urban Development 8:30 a.m.to 8:30 p.m.(EST) P.O. Box 23699 Monday through Friday Washington,DC 20026-3699 NOTE: All inquiries should include your name,your 10-digit FHA case number,the date the mortgage was paid-in-full, property address and your daytime phone number. Si usted habla espanol y tiene dificultad leyendo o hablando ingles, por favor,llame usted a este numero telefonico 1-800-697-6967 IMPORTANT: The rules governing eligibility for premium refunds and distributive share payments are based on the financial status of the FHA insurance fund and are subject to change. P0331 Page 5 CARRINGTON IMPORTANT DISCLOSURES -INQUIRIES&COMPLAINTS- For inquiries and complaints about your mortgage loan, please contact our CUSTOMER SERVICE DEPARTMENT by writing to Carrington Mortgage Services, LLC, Attention: Customer Service, P.O Box 3489, Anaheim, CA 92803, or by calling 1-800-561-4567. Please include your loan number on all pages of correspondence. The CUSTOMER SERVICE DEPARTMENT for Carrington Mortgage Services, LLC is toll free and you may call from 8:00 a.m. to 8:00 p.m. Eastern Time, Monday through Friday. You may also visit our website at carringtonms.com. -IMPORTANT BANKRUPTCY NOTICE- If you have been discharged from personal liability on the mortgage because of bankruptcy proceedings and have not reaffirmed the mortgage, or if you are the subject of a pending bankruptcy proceeding, this letter is not an attempt to collect a debt from you but merely provides informational notice regarding the status of the loan. If you are represented by an attorney with respect to your mortgage, please forward this document to your attorney. -CREDIT REPORTING- We may report information about your account to credit bureaus. Late payments, missed payments, or other defaults on your account may be reflected in your credit report. As required by law, you are hereby notified that a negative credit report reflecting on your credit record may be submitted to a credit reporting 9 p 9 Y Y p 9 agency if you fail to fulfill the terms of your credit obligations. -MINI MIRANDA- This communication is from a debt collector and it is for the purpose of collecting a debt and any information obtained will be used for that purpose. This notice is required by the provisions of the Fair Debt Collection Practices Act and does not imply that we are attempting to collect money from anyone who has discharged the debt under the bankruptcy laws of the United States. -HUD COUNSELOR INFORMATION- If you would like counseling or assistance, you may obtain a list of HUD-approved homeownership counselors or counseling organizations in your area by calling the HUD nationwide toll-free telephone number at (800) 569-4287 or toll-free TDD (800) 877-8339, or by going to http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm. You can also contact the CFPB at (855) 411-2372, or by going to www.consumerfinance.gov/find-a-housing-counselor. -EQUAL CREDIT OPPORTUNITY ACT NOTICE- The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, or age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant's 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 CMS' compliance with this law is the Federal Trade Commission, Equal Credit Opportunity, Washington, DC 20580. -SCRA DISCLOSURE- MILITARY PERSONNEL/SERVICEMEMBERS: If you or your spouse is a member of the military, please contact us immediately. The federal Servicemembers Civil Relief Act and comparable state laws afford significant protections and benefits to eligible military service personnel, including protections from foreclosure as well as interest rate relief. For additional information and to determine eligibility please contact our Military Assistance Team toll free at 1-888-267-5474. -NOTICES OF ERROR AND INFORMATION REQUESTS- You have the right to request documents we relied upon in reaching our determination. You may request such documents or receive further assistance by contacting Carrington Mortgage Services, LLC at (800) 561-4567, Monday through Friday, 8:00 a.m. to 8:00 p.m. Eastern Time or by mail at P.O. Box 3489, Anaheim, CA 92803. CARRINGTON ARKANSAS Carrington Mortgage Services, LLC ('CMS') is licensed with the Arkansas Securities Department. You may file complaints about CMS with the Arkansas Securities Department (Department) at 201 East Markham, Heritage West Building, Suite 300, Little Rock, Arkansas 72201. You may obtain further information by calling the Department's general information number at (501) 324-9260 or toll-free, (800) 981-4429 or faxing the Department at (501) 324-9268 or visiting the Department's website at -7.7 _ _ For a list of standard or common loan servicing fees charged by CMS, please visit the CMS website at carringtonms.com/HelpCenter/FAQ COLORADO: For Colorado Residents: 13111 E. Briarwood Ave., Suite#340 Centennial, CO 80112 (303) 708-8795 MASSACHUSETTS: NOTICE OF IMPORTANT RIGHTS YOU HAVE THE RIGHT TO MAKE A WRITTEN OR ORAL REQUEST THAT TELEPHONE CALLS REGARDING YOUR DEBT NOT BE MADE TO YOU AT YOUR PLACE OF EMPLOYMENT. ANY SUCH ORAL REQUEST WILL BE VALID FOR ONLY TEN DAYS UNLESS YOU PROVIDE WRITTEN CONFIRMATION OF THE REQUEST POSTMARKED OR DELIVERED WITHIN SEVEN DAYS OF SUCH REQUEST. YOU MAY TERMINATE THIS REQUEST BY WRITING TO THE CREDITOR. MINNESOTA: Carrington Mortgage Services, LLC is licensed by the Minnesota Department of Commerce. NEW YORK: New York City Department of Consumer Affairs License Number 1264739 This Collection agency is licensed by the City of Buffalo license numbers: 555177&555176 For New York residents: You may file complaints about CMS with the New York State Department of Financial Services. You may obtain further information from the New York State Department of Financial Services by calling the Department's Consumer Assistance Unit at 1-800-342-3736 or by visiting the Department's website at www.dfs.ny.gov. Carrington Mortgage Services, LLC is registered with the Superintendent of the New York State Department of Financial Services. NORTH CAROLINA: Carrington Mortgage Services, LLC is licensed under the North Carolina Agency Permit No. 102107 & 103455 and North Carolina Secure and Fair Enforcement Mortgage Licensing Act. 1600 Douglass Road, Anaheim, CA 92806. TENNESSEE: This collection agency is licensed by the Collection Service Board of the Department of Commerce and Insurance. TEXAS: Notice to Texas Residents: COMPLAINTS REGARDING THE SERVICING OF YOUR MORTGAGE SHOULD BE SENT TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 , NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. P5 era F 9'r a * First American Title Insurance Company First Amer can Mortgage services Dg Fl-IVTP ` .' 6 Campus Circle,Bldg 6 Floor 3 lj- MORTGAGE SERVICES Westlake,TX 76262 Phone-(866)766-2816 July 16, 2015 Chris Lanni Carrington Mortgage Services, LLC PO Box 692408 San Antonio,TX 78269-2408 Customer Reference: 1504106218 Order Number: 49958022LA Borrower: Brenda Aguilar Property: 1040 S 32011-1ST#C7 FEDERAL WAY,WASHINGTON 98003 Loan Amount: $149,581.00 Page 1 of 7 Form No.3301(01/08) ORDER NO: 499580221A Short Form Commitment FILE NO: 49958022LA CUSTOMER REF: 1504106218 Commitment For Title Insurance BY First American Title Insurance Company Agreement To Issue Policy Basic Information 1. Title Plant Effective Date: April 22, 2015 2. Loan/Policy Amount: 149,581.00 3. The fee interest in the land described in this commitment is owned, at the Commitment Date, by: BRENDA AGUILAR 4. Proposed Insured: CARRINGTON MORTGAGE SERVICES, LLC, its successors and/or assigns, as their interest may appear 5. The land referred to in this Commitment is described as follows: (See attached Exhibit"A") Commitment Typed Date: July 16, 2015 Page 2 of 7 Forth No.3301(01/08) ORDER NO: 49958022LA Short Form Commitment FILE NO: 49958022LA CUSTOMER REF: 1504106218 EXCEPTIONS In addition to the pre-printed exceptions contained in the Policy,the Policy we issue will also contain the following exceptions unless previously resolved to our satisfaction: • Detailed tax information to be provided under separate cover. 1. A deed of trust to secure an original indebtedness of$160,256.00 recorded July 13, 2009 as INSTRUMENT NO. 20090713001752 OF OFFICIAL RECORDS. Dated: July 02, 2009 Trustor: BRENDA AGUILAR, A SINGLE WOMAN Trustee: COMMONWEALTH LAND TITLE Beneficiary: MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC. LENDER: LOAN NETWORK,A LIMITED LIABILITY COMPANY According to public records, the foregoing document was assigned to BANK OF AMERICA, N.A. by assignment recorded JANUARY 29, 2015 as INSTRUMENT NO. 20150129000671 of Offidal Records. 2. A deed of trust to secure an original indebtedness of$3,211.58 recorded April 20, 2015 as INSTRUMENT NO. 20150420000531 OF OFFICIAL RECORDS. Dated: September 24, 2014 Trustor: BRENDA AGUILAR Trustee: FIRST AMERICAN TITLE Beneficiary: CITY OF FEDERAL WAY 3. According to the public records, there has been no conveyance of the land within a period of twenty-four months prior to the date of this report, except as follows: None The map attached, if any, may or may not be a survey of the land depicted hereon. First American Title Insurance Company expressly disclaims any liability for loss or damage which may result from reliance on this map except to the extent coverage for such loss or damage is expressly provided by the terms and provisions of the title insurance policy, if any,to which this map is attached. Page 3 of 7 Additional Requirements In addition to the requirements shown in the Long Form Commitment, the following requirements must �I 9 9 �I be met before the Company is obligated to issue a loan policy: 1. Joinder of any spouse or domestic partner not shown on title in this commitment will be required. 2. NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Public Records on or after February 8, 2011, encumbers the Title except as follows: None First American Title Insurance Company Dennis J Gilmore President fr#444/ /fi40•441 Jeffrey S Robinson Secretary First American Title Insurance Company By: David Warner Authorized Signatory Page 4 of 7 Form No.3301(01/08) ORDER NO: 49958022LA Short Form Commitment FILE NO: 49958022LA CUSTOMER REF: 1504106218 Exhibit "A" Real property in the City of FEDERAL WAY, County of KING, State of Washington, described as follows: UNIT 7, BUILDING C,TRINIDAD SOUTH,A CONDOMINIUM,SURVEY MAP AND PLANS RECORDED IN VOLUME 16, PAGE(S) 73 THROUGH 78, INCLUSIVE, CONDOMINIUM DECLARATION RECORDED UNDER RECORDING NUMBER(S) 7803060541 AND AMENDMENTS THERETO,IN KING COUNTY,WASHINGTON. FOR INFORMATION ONLY: UNIT 7, BUILDING C,TRINIDAD SOUTH,A CONDO.,VOL. 16, PG(S) 73-78,CONDOMINIUM DECLARATION REC. #7803060541. Commonly known as: 1040 S 320TH ST#C7, FEDERAL WAY,WA 98003 APN #: 8682400290 Page 5 of 7 1.AMERICAN LAND TITLE ASSOCIATION LOAN POLICY-2006 EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy,and the Company will not pay loss or damage,costs, attorneys'fees,or expenses that arise by reason of: 1.(a)Any law,ordinance,permit,or governmental regulation(including those relating to building and zoning)restricting,regulating, prohibiting,or relating to (i)the occupancy,use,or enjoyment of the Land; (ii)the character,dimensions,or location of any improvement erected on the Land; (iii)the subdivision of land;or (iv)environmental protection; or the effect of any violation of these laws,ordinances,or governmental regulations.This Exdusion 1(a)does not modify or limit the coverage provided under Covered Risk 5. (b)Any governmental police power.This Exclusion 1(b)does not modify or limit the coverage provided under Covered Risk 6. 2.Rights of eminent domain.This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8. 3.Defects,liens,encumbrances,adverse claims,or other matters (a)created,suffered,assumed,or agreed to by the Insured Claimant; (b)not Known to the Company,not recorded in the Public Records at Date of Policy,but Known to the Insured Claimant and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; (c)resulting in no loss or damage to the Insured Claimant; (d)attaching or created subsequent to Date of Policy(however,this does not modify or limit the coverage provided under Covered Risk 11, 13,or 14);or (e)resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Insured Mortgage. 4.Unenforceability of the lien of the Insured Mortgage because of the inability or failure of an Insured to comply with applicable doing- business laws of the state where the Land is situated. 5.Invalidity or unenforceability in whole or in part of the lien of the Insured Mortgage that arises out of the transaction evidenced by the Insured Mortgage and is based upon usury or any consumer credit protection or truth-in-lending law. 6.Any claim,by reason of the operation of federal bankruptcy,state insolvency,or similar creditors?rights laws,that the transaction creating the lien of the Insured Mortgage,is (a)a fraudulent conveyance or fraudulent transfer,or (b)a preferential transfer for any reason not stated in Covered Risk 13(b)of this policy. 7.Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching between Date of Policy and the date of recording of the Insured Mortgage in the Public Records.This Exclusion does not modify or limit the coverage provided under Covered Risk 11(b). 2.AMERICAN LAND TITLE ASSOCIATION LOAN POLICY- 2006 WITH REGIONAL EXCEPTIONS When the American Land Title Association policy is used as a Standard Coverage Policy and not as an Extended Coverage Policy the exclusions set forth in paragraph 14 above are used and the following exceptions to coverage appear in the policy. SCHEDULE B This policy does not insure against loss or damage(and the Company will not pay costs, attorneys'fees or expenses)which arise by reason of: 1. (a)Taxes or assessments that are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the Public Records; (b) proceedings by a public agency that may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the Public Records. 2. Any facts, rights, interests, or claims that are not shown by the Public Records but that could be ascertained by an inspection of the Land or that may be asserted by persons in possession of the Land. 3. Easements, liens or encumbrances, or claims thereof, not shown by the Public Records. 4. Any encroachment, encumbrance, violation,variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land and not shown by the Public Records. 5. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c)water rights, claims or title to water,whether or not the matters excepted under(a), (b), or(c)are shown by the Public Records. Page 6 of 7 5' A.FA f Pin 4, F First American ' Irk MORTGAGE SERVICES First American Title Insurance Company 6 Campus Circle, Bldg 6 Floor 3, Westlake, TX 76262 (866)766-2816 First American Title Privacy Information We Are Committed to Safeguarding Customer Information In order to better serve your needs now and in the future,we may ask you to provide us with certain information.We understand that you may be concerned about what we will do with such information-particularly any personal or financial information.We agree that you have a right to know how we will utilize the personal information you provide to us.Therefore,together with our subsidiaries we have adopted this Privacy Policy to govern the use and handling of your personal information. Applicability This Privacy Policy governs our use of the information that you provide to us.It does not govern the manner in which we may use information we have obtained from any other source,such as information obtained from a public record or from another person or entity.First American has also adopted broader guidelines that govern our use of personal information regardless of its source. First American calls these guidelines its Fair Information Values. Types of Information Depending upon which of our services you are utilizing,the types of nonpublic personal information that we may collect include: • Information we receive from you on applications,forms and in other communications to us,whether in writing,in person,by telephone or any other means; • Information about your transactions with us,our affiliated companies,or others;and • Information we receive from a consumer reporting agency. Use of Information We request information from you for our own legitimate business purposes and not for the benefit of any nonaffiliated party.Therefore,we will not release your information to nonaffiliated parties except:(1)as necessary for us to provide the product or service you have requested of us;or(2)as permitted by law.We may,however,store such information indefinitely,including the period after which any customer relationship has ceased.Such information may be used for any internal purpose,such as quality control efforts or customer analysis.We may also provide all of the types of nonpublic personal information listed above to one or more of our affiliated companies.Such affiliated companies include financial service providers,such as title insurers,property and casualty insurers,and trust and investment advisory companies,or companies involved in real estate services,such as appraisal companies,home warranty companies and escrow companies.Furthermore, we may also provide all the information we collect,as described above,to companies that perform marketing services on our behalf,on behalf of our affiliated companies or to other finandal institutions with whom we or our affiliated companies have joint marketing agreements. Former Customers Even if you are no longer our customer,our Privacy Policy will continue to apply to you. Confidentiality and Security We will use our best efforts to ensure that no unauthorized parties have access to any of your information.We restrict access to nonpublic personal information about you to those individuals and entities who need to know that information to provide products or services to you.We will use our best efforts to train and oversee our employees and agents to ensure that your infomation will be handled responsibly and in accordance with this Privacy Policy and First American's Fair Information Values.We currently maintain physical,electronic,and procedural safeguards that comply with federal regulations to guard your nonpublic personal information. Information Obtained Through Our Web Site First American Financial Corporation is sensitive to privacy issues on the Internet.We believe it is important you know how we treat the information about you we receive on the Interrt. In general,you can visit First American or its affiliates'Web sites on the World Wide Web without telling us who you are or revealing any information about yourself.Our Web servers collect the domain names,not the e-mail addresses,of visitors.This information is aggregated to measure the number of visits,average time spent on the site,pages viewed and similar information.First American uses this information to measure the use of our site and to develop ideas to improve the content of our site. There are times,however,when we may need information from you,such as your name and email address.When information is needed,we will use our best efforts to let you know at the time of collection how we will use the personal information.Usually,the personal information we collect is used only by us to respond to your inquiry,process an order or allow you to access specific account/profile information.If you choose to share any personal information with us,we will only use it in accordance with the policies outlined above. Business Relationships First American Financial Corporation's site and its affiliates'sites may contain links to other Web sites.While we try to link only to sites that share our high standards and respect for privacy,we are not responsible for the content or the privacy practices employed by other sites.• Cookies Some of First American's Web sites may make use of"cookie'technology to measure site activity and to customize information to your personal tastes.A cookie is an element of data that a Web site can send to your browser,which may then store the cookie on your hard drive. firstAm.com uses stored cookies.The goal of this technology is to better serve you when visiting our site,save you time when you are here and to provide you with a more meaningful and productive Web site experience. Fair Infonnation Values Fairness We consider consumer expectations about their privacy in all our businesses.We only offer products and services that assure a favorable balance between consumer benefits and consumer privacy. Public Record We believe that an open public record creates significant value for society,enhances consumer choice and creates consumer opportunity.We actively support an open public record and emphasize its importance and contribution to our economy. Use We believe we should behave responsibly when we use information about a consumer in our business.We will obey the laws governing the collection,use and dissemination of data. Accuracy We will take reasonable steps to help assure the accuracy of the data we collect,use and disseminate.Where possible,we will take reasonable steps to correct inaccurate information. When,as with the public record,we cannot correct inaccurate information,we will take all reasonable steps to assist consumers in identifying the source of the erroneous data so that the consumer can secure the required corrections. Education We endeavor to educate the users of our products and services,our employees and others in our industry about the importance of consumer privacy.We will instruct our employees on our fair information values and on the responsible collection and use of data.We will encourage others in our industry to collect and use information in a responsible manner. Security We will maintain appropriate facilities and systems to protect against unauthorized access to and corruption of the data we maintain. Form 50-PRIVACY(9/1/10) Page 1 of 1 Privacy Information(2001-2010 First American Financial Corporation) Page 7 of 7