Property & Loan Information. Applicant Documentation

Transcription

1 Solomon Z Foshko Amy Z Foshko 5604 SW Parkway, Apt. #1933 Austin, TX Dear Solomon Z Foshko, Please Contact: Lisa Lewis lisal@colonialsavings.com Phone: (512) Fax: (512) Thanks again for applying with us for your mortgage loan! We look forward to serving you during both the processing of your loan AND during the years of home ownership to come. In order for us to make a final, formal loan decision, we will need from you the documents listed below. If ORIGINALS are requested, WE will make the copies for our file and return the originals to you. This information must be returned to us by 02/04/2010. Property & Loan Information Applicant Documentation Remember, I'm Lisa Lewis and you can contact me or Lisa Lewis, your Loan Officer, regarding this request, or any part of the loan process, using one of the means below. We value you and the opportunity to be of service to you! Sincerely,

2 ADDRESS: 5604 SW Parkway, Apt CITY/STATE/ZIP: Austin, TX PROPERTY: 9211 Sautelle Lane Austin, TX ANNUAL PERCENTAGE RATE The cost of your credit as a yearly rate. NUMBER OF PAYMENTS AMOUNT OF PAYMENTS FINANCE CHARGE The dollar amount the credit will cost you. Amount Financed The amount of credit provided to you or on your behalf. Total of Payments % 287, , , PAYMENT SCHEDULE: PAYMENTS ARE DUE PAYMENTS ARE DUE 12 1, /01/ , /01/ , /01/ , /01/ , /01/ , /01/ , /01/ , /01/ , /01/ , /01/2040 The amount you will have paid after you have made all payments as scheduled. MONTHLY NUMBER OF AMOUNT OF MONTHLY BEGINNING PAYMENTS PAYMENTS BEGINNING DEMAND FEATURE: X This loan does not have a Demand Feature. This loan has a Demand Feature as follows: VARIABLE RATE FEATURE: SECURITY: This Loan has a Variable Rate Feature. Variable Rate Disclosures have been provided to you earlier. ASSUMPTION: FILING / RECORDING FEES: PROPERTY INSURANCE: LATE CHARGES: PREPAYMENT: You are giving a security interest in the property located at: 9211 Sautelle Lane Austin TX Someone buying this property cannot assume the remaining balance due under original mortgage terms may assume, subject to lender' s conditions, the remaining balance due under original mortgage terms. Property hazard insurance in the amount of is a required condition of this loan. Borrower may purchase this insurance from any insurance company acceptable to the lender. with a mortgagee clause to the lender Hazard insurance is X is not available through the lender at an estimated cost of for a year term. payment If your payment is more than 15 days late, a late charge of % of the If you pay off your loan early, you will be assessed. may X will not have to pay a penalty. may X will not X be entitled to a refund of part of the finance charge. See your contract documents for any additional information regarding non-payment, default, required repayment in full before scheduled date, and prepayment refunds and penalties. You are not required to complete this agreement merely because you have received these disclosures or signed a loan application. e means estimate I/We hereby acknowledge reading and receiving a complete copy of this disclosure. Solomon Z Foshko BORROWER/DATE Amy Z Foshko BORROWER/DATE BORROWER/DATE BORROWER/DATE

3 ANNUAL PERCENTAGE RATE This is not the Note rate for which the borrower applied. The Annual Percentage Rate (APR) is the cost of the loan in percentage terms taking into account various loan charges of which interest is only one such charge. Other charges which are used in calculation of the Annual Percentage Rate are Private Mortgage Insurance or FHA Mortgage Insurance Premium (when applicable) and Prepaid Finance Charges (loan discount, origination fees, prepaid interest and other credit costs). The APR is calculated by spreading these charges over the life of the loan which results in a rate generally higher than the interest rate shown on your Mortgage/Deed of Trust Note. If interest was the only Finance Charge, then the interest rate and the Annual Percentage Rate would be the same. PREPAID FINANCE CHARGES Prepaid Finance Charges are certain charges made in connection with the loan and which must be paid upon the close of the loan. These charges are defined by the Federal Reserve Board in Regulation Z and the charges must be paid by the borrower. Non-Inclusive examples of such charges are: Loan origination fee, "Points" or Discount, Private Mortgage Insurance or FHA Mortgage Insurance, Tax Service Fee. Some loan charges are specifically excluded from the Prepaid Finance Charge such as appraisal fees and credit report fees. Prepaid Finance Charges are totaled and then subtracted from the Loan Amount (the face amount of the Deed of Trust/Mortgage Note). The net figure is the Amount Financed as explained below. FINANCE CHARGE The amount of interest, prepaid finance charge and certain insurance premiums (if any) which the borrower will be expected to pay over the life of the loan. AMOUNT FINANCED The Amount Financed is the loan amount applied for less the prepaid finance charges. Prepaid finance charges can be found on the Good Faith Estimate/Settlement Statement (HUD-1 or 1A). For example if the borrower' s note is for 100, 000 and the Prepaid Finance Charges total 5, 000, the Amount Financed would be 95, 000. The Amount Financed is the figure on which the Annual Percentage Rate is based. TOTAL OF PAYMENTS This figure represents the total of all payments made toward principal, interest and mortgage insurance (if applicable). PAYMENT SCHEDULE The dollar figures in the Payment Schedule represent principal, interest, plus Private Mortgage Insurance (if applicable). These figures will not reflect taxes and insurance escrows or any temporary buydown payments contributed by the seller.

4 1. Why does the federal law require this form? The law requires all lenders to state such charges in a uniform manner, making it easier for you to know four of the most important aspects about the cost of credit. These four aspects are the figures in the square boxes, and are given in order to allow you to compare the cost of credit when applying for a loan. 2. What is the "Annual Percentage Rate" (A.P.R.)? First, it is NOT your Note Rate. It is the cost of financing your purchase and, therefore, includes various fees you may pay at or before closing (such as discount points) averaged over the life of the loan and then expressed as a "yearly rate". The APR will generally be higher than your Note Rate because of the inclusion of these fees. The federal guidelines set forth the fees to be included as well as the formula to be used. 3. What is the "Finance Charge"? This is the estimated amount of money paid to obtain credit: the total amount of interest estimated to be repaid over the life of the loan, any prepaid finance charges and the total amount of any mortgage insurance you have to pay over the life of the loan. This figure is ESTIMATED on the initial disclosure statement. 4. What is the "Amount Financed"? This figure reflects the actual loan amount applied for LESS certain estimated prepaid finance charges (loan origination fee, discount points, prepaid interest, etc.) you may be paying. This amount is not to be confused with your loan amount. The "Amount Financed" is calculated as set forth in the federal guidelines. 5. Does this mean I will get a lower mortgage amount than I applied for? No. If your loan is approved for the amount you applied for, that is how much will be credited toward your home purchase or refinancing at closing. 6. What is the "Total Amount of Payments"? This figure indicates the total amount you will have paid, including principal, interest, and any mortgage insurance required, over the life of the loan based on the assumption that you make minimum required payments for the entire term of the loan. This figure is estimated on the initial disclosure and is always an estimate on any adjustable rate mortgage transaction. 7. What if my loan is an adjustable rate mortgage? The payments shown in the Schedule of Payments and Total of Payments will only be estimates because it is not possible to know what your payments will be from the first change forward. Future payments will be based on a future index rate as described in the Program Disclosure you received at application. 8. If my statement says I will not be entitled to a refund of part of the finance charge, what does that mean? It means you will be charged interest only for the period of time you use the money loaned to you. The fees you paid at closing are not refundable. Neither is any interest which has already been paid. 9. What if my statement says I may be entitled to a refund? In certain FHA loans and certain Conventional Loans with private mortgage insurance, some of the required mortgage insurance MAY be refundable. 10. What if my statement says I may incur a penalty if I pay my loan off early? FHA requires interest to be paid through the end of the month even if the loan is paid off in the middle or beginning of the month. The additional interest you may be required to pay in those instances is considered a "prepayment penalty" under federal guidelines for Truth-in-Lending. 11. What is the filing fee? The filing fee is an estimate of the cost of recording the legal documents (mortgage or deed, and any attachments to it). These fees will be charged at closing. 12. Why must I sign the disclosure statement? Lenders are required by law to provide the information on this statement to you in a timely manner. Your signature merely indicates that you have received this information and does not obligate either you or the lender in any way. 13. Why is there a variation in payments? There may be 3 reasons: (1) You may be required to have mortgage insurance which will vary your payments over the life of the loan, (2) you may have adjustable rate mortgage and future payments are unknown, and (3) only the last payment may be different because of the final payment of interest due. If you have any questions about the form on your loan, please call YOUR PROCESSOR OR LOAN OFFICER. PLEASE SIGN AND RETURN ONE COPY OF THE TRUTH-IN-LENDING STATEMENT TO YOUR

5 Lisa Lewis Phone : (512) Fax : (512) : 01/28/2010 Loan # : Applicant(s) : Solomon Z Foshko 5604 SW Parkway, Apt. #1933 Austin, TX Dear Solomon Z Foshko : THANK YOU FOR YOUR MORTGAGE APPLICATION to Colonial National Mortgage, a division of Colonial Savings, F.A.! Below is a list of required loan disclosures that are included in this Application Package, in duplicate All disclosures require your and any Co-Applicant's original signature and the date upon which you signed the disclosure. PLEASE RETAIN ONE COPY OF EACH OF THE DISCLOSURES. RETURN THE OTHER COPY, SIGNED AND DATED ACCORDINGLY, TO ME AT THE FOLLOWING ADDRESS : Colonial National Mortgage, a division of Colonial Savings, F.A W. 6th Street Suite 110 R Austin,TX Good Faith Estimate Service Provider Disclosure Borrower Certification and Authorization Interest Rate Agreement Servicing/RESPA Disclosure Federal Truth-In-Lending Disclosure Questions & Answers: Truth-In-Lending Disclosure Right to Receive a Copy of an Appraisal Private Mortgage Insurance Disclosure Balloon Loan Disclosure Adjustable Rate Mortgage Program Disclosure DuBose & Associates Quote Authorization Form Colonial Life Quote Authorization Form Credit Score Disclosure / Notice To The Home Loan Applicant Patriot Act Consumer Disclosure The following enclosed booklets contain important information pertaining to your loan transaction and should be reviewed carefully. Any we've included are yours to keep. The HUD Guide to Settlement Costs The Consumer Handbook on Adjustable Rate Mortgages If you have any questions regarding these forms, please contact me by one of the methods below. Sincerely,

6 and Borrow er 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. I. TYPE OF MORTGAGE AND TERMS OF LOAN Mortgage Agency Case Number VA X Conventional Other (explain): Applied for: FHA USDA/Rural Housing Service Amount Interest Rate No. of Months Amortization X Fixed Rate Other (explain): Type: 299, % 360 GPM ARM (type): Subject Property Address (street, city, state & ZIP) II. PROPERTY INFORMATION AND PURPOSE OF LOAN Co-Borrow er Lender Case Number 9211 Sautelle Lane, Austin, TX Legal Description of Subject Property (attach description if necessary) Year Built Purpose of Loan X Purchase Construction Other (explain): Property will be: Primary Secondary Refinance Construction-Permanent X Residence Residence Complete this line if construction or construction-permanent loan. Year Lot Original Cost Amount Existing Liens (a) Present Value of Lot (b) Cost of Improvements Total (a + b) Acquired Complete this line if this is a refinance loan. Year Original Cost Amount Existing Liens Purpose of Refinance Describe Acquired Improvements made 0 No. of Units Investment to be made Cost: Title w ill be held in w hat Name(s) Solomon Z Foshko, Amy Z Foshko Manner in w hich Title w ill be held As surviving joint tenants Source of Down Payment, Settlement Charges, and/or Subordinate Financing (explain) GIFT FROM RELATIVE Estate w ill be held in: X Fee Simple Leasehold (show expiration date) Borrower III. BORROWER INFORMATION Co-Borrower Borrower' s Name (include Jr. or Sr. if applicable) Co-Borrower' s Name (include Jr. or Sr. if applicable) Solomon Z Foshko Amy Z Foshko Social Security Number Home Phone (incl. area code) DOB Yrs. Social Security Number Home Phone (incl. area code) DOB Yrs. (mm/dd/yyyy) School (mm/dd/yyyy) School (512) /14/ (512) X Married Unmarried (include single, Dependents (not listed by Co-Borrow er) Married Unmarried (include single, Dependents (not listed by Borrow er) divorced, w idow ed) no. ages X divorced, w idow ed) no. ages Separated 0 Separated 0 Present Address (street, city, state, ZIP) Ow n X Rent 2.6 No. Yrs. Present Address (street, city, state, ZIP) Own X Rent 2.6 No. Yrs SW Parkway, Apt SW Parkway, Apt Austin, TX Mailing Address, if different from Present Address Austin, TX Mailing Address, if different from Present Address If residing at present address for less than two years, complete the following: Former Address (street, city, state, ZIP) Former Address (street, city, state, ZIP) Ow n Rent No. Yrs. Ow n Rent No. Yrs. Name & Address of Employer Borrower Self Employed IV. EMPLOYMENT INFORMATION Yrs. on this job Name & Address of Employer Co-Borrower Self Employed Yrs. on this job Strategic Forecasting 5.6 Tx Commission for Environmental Lavaca #900 Yrs. employed in this line of work/profession 2800 S IH 35 #100 Yrs. employed in this line of work/profession Austin, TX Austin, TX Position/Title/Type of Business Business Phone (incl. area code) Position/Title/Type of Business Business Phone (incl. area code) Sr Customer Svc (512) 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 s (from - to) Name & Address of Employer s (from - to) Self Employed Self Employed Texas Tech University - Monthly Income Monthly Income Position/Title/Type of Business Name & Address of Employer Business Phone (incl. area code) Self Employed s (from - to) Position/Title/Type of Business Student Name & Address of Employer Business Phone (incl. area code) Self Employed s (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)

7 Dividends/Interest Net Rental Income Other (before completing, see the notice in "describe other income," below ) Real Estate Taxes Mortgage Insurance Homeowner Assn. Dues Other: Flood/Catas Total 7,00 4, , Total , * Self Employed Borrower(s) may be required to provide additional documentation such as tax returns and financial statements. B/C Describe 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. Monthly Amount VI. ASSETS AND LIABILITIES This Statement and any applicable supporting schedules may be completed jointly by both married and unmarried Co-Borrow ers 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 spouse or other person also. Completed X Jointly Not Jointly ASSETS Description Cash deposit toward purchase held by: List checking and savings accounts below Name and address of Bank, S&L, or Credit Union Cash or Market Value Liabilities and Pledged Assets. List the creditor' s name, address, and account number for all outstanding debts, including automobile loans, revolving charge accounts, real estate loans, alimony, child support, stock pledges, etc. Use continuation sheet, if necessary. Indicate by (* ) those liabilities, which will be satisfied upon sale of real estate ow ned or upon refinancing of the subject property. LIABILITIES Monthly Payment & Months Left to Pay Unpaid Balance Name and address of Company Payment/Months Acct. no. Acct. no. Name and address of Bank, S&L, or Credit Union Name and address of Company Payment/Months Acct. no. Acct. no. Name and address of Bank, S&L, or Credit Union Name and address of Company Payment/Months Acct. no. Acct. no. Name and address of Bank, S&L, or Credit Union Name and address of Company Payment/Months Acct. no. Acct. no. Stocks & Bonds (Company name/number & description) Name and address of Company Payment/Months Acct. no. Name and address of Company Payment/Months Life insurance net cash value Face amount: Subtotal Liquid Assets Real estate owned (enter market value from schedule of real estate owned) Acct. no. Vested interest in retirement fund Net worth of business(es) owned (attach financial statement) Name and address of Company Payment/Months Automobiles owned (make and year) Acct. no. Other Assets (itemize) Alimony/Child Support/Separate Maintenance Payments Owed to: Job-Related Expense (child care, union dues, etc.)

8 Totals 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 a. b. c. d. e. f. g. h. i. j. k. Borrower' s closing costs paid by Seller 2, f. Are you presently delinquent or in default on any Federal debt or l. Other Credits (explain) any other loan, mortgage, financial obligation, bond, or loan guarantee? If " Yes," give details as described in the preceding Borrower Paid Fees question. X X g. Are you obligated to pay alimony, child support, or separate Seller Credit maintenance? X X Lender Credit h. Is any part of the dow n payment borrow ed? X X i. Are you a co-maker or endorser on a note? X X j. Are you a U.S. citizen? X X k. Are you a permanent resident alien? X X m. Loan amount l. Do you intend to occupy the property as your primary X X residence? If " Yes," complete question m below. (exclude PMI, MIP, Funding Fee financed) 299,25 m. Have you had an ow nership interest in a property in the last n. PMI, MIP, Funding Fee financed three years? X X (1) What type of property did you own - - principal residence o. Loan amount (add m & n) 299,25 (PR), second home (SH), or investment property (IP)? (2) How did you hold title to the home - - solely by yourself (S), p. Cash from/to Borrower 43, jointly with your spouse (SP), or jointly with another person (subtract j, k, l & o from i) (O)? IX. ACKNOWLEDGEMENT AND AGREEMENT Acknow ledgement. 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 Co-Borrower' s Signature X Purchase price X. INFORMATION FOR GOVERNMENT MONITORING 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 w hether 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 w ish to furnish the information, please check the box below. (Lender must review the above material to assure that the disclosures satisfy all requirements to w hich the lender is subject under applicable state law for the particular type of loan applied for.) BORROWER Sex: VII. DETAILS OF TRANSACTION Alterations, improvements, repairs Land (if acquired separately) Refinance (incl. debts to be paid off) Estimated prepaid items Estimated closing costs PMI, MIP, Funding Fee Discount (if Borrower will pay) Total costs (add items a through h) Subordinate financing Ethnicity: Race: VIII. DECLARATIONS 332,50 If you answer "Yes" to any questions a through i, please Borrower Co-Borrower use continuation sheet for explanation. Yes No Yes No a. Are there any outstanding judgments against you? X X b. Have you been declared bankrupt within the past 7 years? X X c. Have you had property foreclosed upon or given title or deed in 4, lieu thereof in the last 7 years? X X 8, d. Are you a party to a law suit? X X e. Have you directly or indirectly been obligated on any loan which resulted in foreclosure, transfer of title in lieu of foreclosure, or judgment? (This would include such loans as home mortgage loans, SBA loans, home improvement loans, educational loans, manufactured 345, (mobile) home loans, any mortgage, financial obligation, bond, or loan guarantee. If " Yes," provide details, including date, name, and address of Lender, FHA or VA case number, if any, and reasons for the action.) X X 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 w ho 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") w ill be secured by a mortgage or deed of trust on the property described in this application; (3) the property w ill not be used for any illegal or prohibited purpose or use; (4) all statements made in this application are made for the purpose of obtaining a residential mortgage loan; (5) the property will be occupied as indicated in this application; (6) the Lender, its servicers, successors or assigns may retain the original and/or an electronic record of this application, whether or not the Loan is approved; (7) the Lender and its agents, brokers, insurers, servicers, successors, and assigns may continuously rely on the information contained in 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 w arranty, 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 law s (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 w ere delivered containing my original w ritten signature. To be Completed by Interviewer This application was taken by: X I do not w ish to furnish this information. CO-BORROWER I do not w ish to furnish this information. Hispanic or Latino X Not Hispanic or Latino Ethnicity: Hispanic or Latino X Not Hispanic or Latino American Indian or Black or American Indian or Black or Alaska Native Asian African American Race: Alaska Native Asian African American Native Haw aiian or Native Haw aiian or Other Pacific Islander X White Other Pacific Islander X White Female Male Sex: Female Male Interviewer' s Name (print or type) Lisa Lewis Name and Address of Interviewer' s Employer

9 I/We fully understand that it is a Federal crime punishable by fine or imprisonment, or both, to knowingly make any false statements concerning any of the above facts as applicable under the provisions of Title 18, United States Code, Section 1001, et seq. Borrower' s Signature: Co-Borrower' s Signature:

10 Fair Credit Reporting Act of 1970 : It is understood that, pursuant to this Act, Section 606(b), I/we am/are entitled to such The undersigned certify the following : I/We have applied for a mortgage loan from the Lender above. In applying for the loan, I/We completed a loan application containing various information for the purpose of the loan, the amount and source of the downpayment, employment and income information, and assets and liabilities. I/We certify that all of the information is true and complete. I/We have made no misrepresentations in the loan application or other documents, nor did I/we omit any pertinent information. I/We understand and agree that the Lender reserves the right to process the mortgage application under a full documentation program. This may include verifying the information provided on the application with the employer and/or the financial institution, as well as any creditor I/we have listed. I/We fully understand that it is a Federal crime punishable by fine or imprisonment, or both, to knowingly make any false statements when applying for this mortgage, as applicable under the provisions of Title 18, United States Code, Section I /We understand that my/our mortgage application may be selected by the Lender and/or its assigns or agent for a Quality Control review as required by Lender's regulatory agency (Office of Thrift Supervision), the Investor and the Insurer (FHA, VA, or Mortgage Insurance Company). The quality control review will involve reverification of any or all of the information provided by me/us on the application as well as the property valuation. I agree to cooperate with the Lender and/or its agent or assigns to the extent necessary to accomplish this review. It is understood that the information may be verified with third parties such as employers, depository institutions or a credit reporting agency. Authorization to Release Information To Whom It May Concern : I/We have applied for a mortgage loan from the Lender noted above. As part of the application process, Lender may verify information contained in my/our loan application and other documents required in connection with the loan, either before the loan is closed or as part of its quality control program. I/We authorize you to provide Lender and to any Investor to whom Lender may sell my/our mortgage, any and all information and documentation that they request. Such information includes, but is not limited to, employment history and income, bank, money market, and similar account balances, credit history, and copies of income tax returns. Lender or any investor that purchases the mortgage may address this authorization to any party named in the loan application. A Copy of this authorization may be accepted as an original. Your prompt reply to Lender or the Investor that purchased the mortgage is appreciated. (Borrower's Signature) Solomon Z Foshko () (Borrower's Signature) Amy Z Foshko () (Borrower's Signature) () (Borrower's Signature) () Right of Financial Privacy Act of 1978 : This information is to be used by the lender collecting it, and its assignees, in determining whether you qualify as a prospective mortgagor under its program. HUD/FHA and the Department of Veteran Affairs have a right of access to financial records held by financial institutions in connection with the consideration or administration of assistance to you. Financial records involving your transaction will be available to these agencies without further notice or authorization but will not be disclosed or released by this institution to another Government Agency or Department without your consent except as required or permitted by law. The information requested in this form is authorized by Title 38 USC, Chapter 37, if VA; by 12 USC, Section 1701 et seq., if FHA; by 42 USC, Section 1452b if HUD/CPD.

11 SERVICING DISCLOSURE STATEMENT Lender Colonial National Mortgage, a division of Colonial Savings, F.A West Freeway Fort Worth, TX Borrow er Solomon Z Foshko Amy Z Foshko January 28, 2010 Loan Number Property Address 9211 Sautelle Lane, Austin, TX NOTICE TO FIRST LIEN MORTGAGE LOAN APPLICANTS: THE RIGHT TO COLLECT YOUR MORTGAGE LOAN PAYMENTS MAY BE TRANSFERRED. You are applying for a mortgage loan covered by the Real Estate Settlement Procedures Act (RESPA) (12 U.S.C et seq.). RESPA gives you certain rights under Federal law. This statement describes w hether the servicing for this loan may be transferred to a different loan servicer. " Servicing" refers to collecting your principal, interest, and escrow payments, if any, as w ell as sending any monthly or annual statements, tracking account balances, and handling other aspects of your loan. You w ill be given advance notice before a transfer occurs. Servicing Transfer Information We may assign, sell, or transfer the servicing of your loan w hile the loan is outstanding. We do not service mortgage loans of the type for w hich you applied. We intend to assign, sell, or transfer the servicing of your mortgage loan before the first payment is due. The loan for w hich you have applied w ill be serviced at this financial institution and w e do not intend to sell, transfer, or assign the servicing of the loan. By signing below, I/w e acknow ledge receiving a copy of this disclosure. Applicant Solomon Z Foshko Applicant Amy Z Foshko Applicant Applicant Servicing Disclosure Statement VMP Wolters Kluw er Financial Services 2005, 2008 VMP552R (0812).00 Page 1 of 1

12 Borrow er Name(s): Solomon Z Foshko 5604 SW Parkway, Apt. #1933 Austin, TX APPRAISAL DISCLOSURE Lender: Colonial National Mortgage, a division of Colonial Savings, F.A Heritage Center Circle Round Rock, TX Property Address: 9211 Sautelle Lane Austin, TX : 01/28/2010 You have the right to a copy of the appraisal report used in connection with your application for credit. If you wish a copy, please write to us at the mailing address we have provided. We must hear from you no later than 90 days after we notify you about the action taken on your credit application or you withdraw your application. Contact: Customer Service Lender/Broker: Colonial Savings Address: P.O. Box 2988 Fort Worth, Tx Telephone: In your letter, give us the following information: Borrower Solomon Z Foshko Borrower Amy Z Foshko Borrower Borrower Borrower Borrower Borrower Borrower -122 (0004) VMP MORTGAGE FORMS - (800) /93 01/28/ :52:27 PM 115C

13 Austin, TX NOTICES TO BORROWERS PROPERTY ADDRESS: 9211 Sautelle Lane Austin TX LOAN PURPOSE: REFINANCE PURCHASE BOX A OR BOX B MUST BE MARKED A. FLOAT: INTEREST RATE AND DISCOUNT POINTS ARE NOT LOCKED-IN 1. Interest rate and discount points may be locked-in between the hours of 9:00 a.m. and 4:00 p.m. CST on any business day up to 60 calendar days before my scheduled closing date by delivering to the Lender an Interest Rate Agreement fully executed and subject to Lender's lock-in policy in effect at that time. 2. It is understood that any special loan program, rates and fees available at the time of application may no longer be available when I am ready to lock-in my rate and fee. 3. In the event I do not lock-in prior to loan approval and scheduled closing, I will be called by the Lender, and quoted the available rate(s) and fees for the program under which I was approved. B. LOCKED-IN: THE INTEREST RATE AND DISCOUNT POINTS ARE LOCKED-IN FOR A SPECIFIED PERIOD OF TIME ON A SPECIFIC LOAN PROGRAM FHA VA CONVENTIONAL LOAN AMOUNT 299,25 Fixed Rate Fixed Rate Buydown Balloon ARM ** ** Please refer to the ARM program description given to you at application to understand how the interest rate is determined. 1. I wish to lock-in an interest rate and discount points as noted below for a period expiring at midnight on. This period of time is referred to in this Agreement as the "lock-in period". I understand my loan must close and fund within this lock-in period in order for this locked-in rate to be effective. Program Commitment # Discount Points Interest Rate Origination Fee (Points) % 2. EXPIRATION OF LOCK-IN: If this loan does not close and fund within the lock-in period, the Lender, may, at its sole option, though it has no obligation to do so, offer me a lock-in of interest rates and discount points for 10 calendar days (13 days for refinances) during which this loan must close and fund. The relock shall never be at a better rate and fee than the original lock. It is understood that special programs may no longer be available upon expiration of the lock. LOCK-IN FEES If this box is marked, a fee in the amount of has been paid for one of the special lock-in considerations listed below: Extended lock-in period Lock-in of Refinance at time of application Other: This is neither a commitment fee nor a loan approval fee. It is consideration solely for the purpose of obtaining a locked-in rate outside of our normal rules. The loan, if approved, must close and fund within the lock-in period noted in this agreement or the same relock rules as noted in B-2 above. The lock in fee is: non-refundable (See item 5, page 2) refundable only if loan is declined applicable at closing SPECIAL CREDIT UNION NOTICE If this box is marked, this is a Credit Union Loan on which the interest rate is established by the Credit Union. Should the Credit Union reject my loan for any reason after the Lender has approved my loan, the Lender will offer me a loan under one of its own programs at the then current rate for the selected program.

14 AND PROPERTY MUST MEET THE REQUIREMENTS OF THE UNDERWRITING DEPARTMENT OF THE LENDER, AND: FOR CONVENTIONAL LOANS - IT'S PRIVATE INVESTORS AND MORTGAGE INSURANCE COMPANY; FOR FHA LOANS - THE FEDERAL HOUSING ADMINISTRATION & GNMA (GOVERNMENT NATIONAL MORTGAGE ASSOCIATION) AND FOR VA LOANS - THE DEPARTMENT OF VETERANS AFFAIRS THIS LOCK-IN MAY NOT BE TRANSFERRED TO ANOTHER PROPERTY NOR TO ANOTHER BORROWER / APPLICANT. THIS LOCK-IN MAY BE TERMINATED BY THE LENDER IF YOU CHANGE ANY OF THE TERMS OF THE LOAN APPLICATION. THIS LOCK-IN IS VOID IF THE LOAN IS NOT CLOSED AND FUNDED BY THE EXPIRATION DATE OF THE LOCK-IN PERIOD. IF A FEE WAS PAID FOR A 90 OR 120 DAY INTEREST RATE LOCK-IN, THE FEE IS NEITHER REFUNDABLE (EVEN IF THE LOAN IS CANCELLED OR NOT APPROVED) NOR CAN IT BE APPLIED TO ANY OTHER FEE. IT IS CONSIDERATION PAID TO RESERVE AN INTEREST RATE BEYOND OUR NORMAL TERMS. NO GUARANTEE CAN BE MADE THAT YOUR LOAN WILL BE APPROVED OR THAT LOAN SETTLEMENT WILL BE COMPLETED PRIOR TO THE EXPIRATION OF THE LOCK-IN PERIOD. LENDER RELIES ON INFORMATION PROVIDED BY YOU AND VARIOUS SETTLEMENT SERVICE PROVIDERS INCLUDING BUT NOT LIMITED TO APPRAISERS, TITLE COMPANIES, CLOSING AGENTS, SURVEYORS AND INSPECTION COMPANIES OVER WHOM LENDER HAS NO CONTROL. LENDER IS NOT RESPONSIBLE FOR DELAYS RESULTING FROM YOUR FAILURE OR THE FAILURE OF ANY VARIOUS SETTLEMENT SERVICE PROVIDERS TO SUPPLY REQUIRED DOCUMENTATION. LENDER IS NOT RESPONSIBLE FOR DELAYS RESULTING FROM WAR, CIVIL UNREST, WEATHER-RELATED DELAYS SUCH AS HURRICANE, TORNADO, EARTHQUAKE OR OTHER "ACTS OF GOD". THIS LOCK WILL BE NULL AND VOID UPON ANY OF THE FOLLOWING: (1) FHA LOANS: THE TERMINATION FOR ANY REASON OF FHA'S AUTHORITY TO ISSUE COMMITMENTS OR INSURANCE CERTIFICATES FOR THE FHA PROGRAM UNDER WHICH YOU HAVE APPLIED OR THE TERMINATION FOR ANY REASON OF GNMA'S ABILITY TO GUARANTEE SECURITIES CONTAINING THE PROGRAM UNDER WHICH YOU HAVE APPLIED; (2) FNMA AND OR FHLMC CONVENTIONAL LOAN: THE TERMINATION FOR ANY REASON OF THE FEDERAL NATIONAL MORTGAGE ASSOCIATION'S [FNMA] OR FEDERAL HOME LOAN MORTGAGE CORPORATIONS' [FHLMC] ABILITY TO PURCHASE OR SECURE A LOAN UNDER THE PROGRAM FOR WHICH YOU HAVE APPLIED; (3) VA LOAN: THE DEPARTMENT OF VETERANS AFFAIRS AUTHORITY TO ISSUE COMMITMENTS OR INSURANCE CERTIFICATES FOR THE VA PROGRAM UNDER WHICH YOU HAVE APPLIED; OR THE TERMINATION FOR ANY REASON OF GNMA'S ABILITY TO GUARANTEE SECURITIES CONTAINING THE PROGRAM UNDER WHICH YOU HAVE APPLIED; (4) PRIVATE INVESTOR CONVENTIONAL LOAN: THE TERMINATION FOR ANY REASON OF THE PRIVATE INVESTOR'S ABILITY TO PURCHASE A LOAN UNDER THE PROGRAM FOR WHICH YOU HAVE APPLIED. SHOULD YOUR LOAN BE AFFECTED BY ONE OF THESE INSTANCES, THE LENDER MAY TRANSFER YOUR LOAN APPLICATION TO A SIMILAR PROGRAM [IF ONE IS AVAILABLE] AT THE THEN CURRENT RATE AND FEES FOR THE SELECTED PROGRAM. PLEASE REFER TO THE GOOD FAITH ESTIMATE AND YOUR REAL ESTATE CONTRACT FOR OTHER CLOSING COSTS TO BE INCURRED. REFINANCE LOANS REQUIRE A MANDATORY THREE [3] DAY RIGHT OF RESCISSION WHICH DELAYS FUNDING THREE WORKING DAYS [ALL DAYS EXCEPT SUNDAY AND FEDERAL HOLIDAYS] FROM THE DAY OF CLOSING. REFINANCE LOANS MUST FUND WITHIN THEIR LOCK-IN PERIOD. PREPARED BY: Lisa Lewis : 01/28/2010 BY SIGNING THIS FORM I WARRANT I FULLY UNDERSTAND AND ACCEPT THE TERMS SET FORTH HEREIN. NOTE: ONLY ONE BORROWER'S SIGNATURE IS REQUIRED TO MAKE THIS AGREEMENT BINDING. Borrower Solomon Z Foshko Co-Borrower Amy Z Foshko Co-Borrower Co-Borrower

15 IMPORTANT APPLICANT INFORMATION Borrow er Name(s): Solomon Z Foshko Amy Z Foshko Lender: Colonial National Mortgage, a division of Colonial Savings, F.A Heritage Center Circle Round Rock, TX Property Address: 9211 Sautelle Lane Austin, TX : 01/28/2010 IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT OR REQUESTING A LOAN To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account or requests a loan. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver' s license or other identifying documents. Borrow er Solomon Z Foshko Borrow er Amy Z Foshko Borrow er Borrow er Borrow er Borrow er Borrow er Borrow er (0308) VMP Mortgage Solutions (800) /03

16 In connection with your application for a home loan, the lender must disclose to you the score that a consumer reporting agency distributed to users and the lender used in connection with your home loan, and the key factors affecting your credit score. The credit score is a computer generated summary calculated at the time of the request and based on information that a consumer reporting agency or lender has on file. The scores are based on data about your credit history and payment patterns. Credit scores are important because they are used to assist the lender in determining whether you will obtain a loan. They may also be used to determine what interest rate you may be offered on the mortgage. Credit scores can change over time, depending on your conduct, how your credit history and payment patterns change, and how credit scoring technologies change. Because the score is based on information in your credit history it is very important that you review the credit-related information that is being furnished to make sure it is accurate. Credit records may vary from one company to another. If you have questions about your credit score or the credit information that is furnished to you, contact the consumer reporting agency at the address and telephone number provided with this notice, or contact the lender, if the lender developed or generated the credit score. The consumer reporting agency plays no part in the decision to take any action on the loan application and is unable to provide you with specific reasons of the decision on a loan application. The name, address and telephone number of the credit reporting agencies providing data are: Experian-Fair Isaac (FICO) P.O. Box 9600 Allen, TX Equifax Credit Information Services - Beacon P.O. Box Atlanta, GA Trans Union - Empirica P.O. Box 1000 Chester, PA CREDIT SCORE DISCLOSURE A credit score was obtained in connection with your application for a home loan. The credit score is a computer-generated summary calculated at the time of the request and based on information that a consumer reporting agency or lender has on file. The scores are based on data about your credit history and payment patterns. Credit scores are important because they are used to assist the lender in determining where you will obtain a loan. They may also be used to determine what interest rate you may be offered on the mortgage. Credit scores can change over time depending on your conduct, how your credit history and payment pattern changed, and how credit scoring technologies change. Because the score is based on information in your credit history, it is very important that you review the credit-related information that is being furnished to make sure it is accurate. Credit report may vary from one company to another. Your scores are: These scores were created on by the consumer reporting agencies listed above. The scores range from a low of 350 to a high score of 850. The following factors are what affected your credit scores: Beacon Factors Fair Isaac Factors Empirica Factors

17 In connection with your application for a home loan, the lender must disclose to you the score that a consumer reporting agency distributed to users and the lender used in connection with your home loan, and the key factors affecting your credit score. The credit score is a computer generated summary calculated at the time of the request and based on information that a consumer reporting agency or lender has on file. The scores are based on data about your credit history and payment patterns. Credit scores are important because they are used to assist the lender in determining whether you will obtain a loan. They may also be used to determine what interest rate you may be offered on the mortgage. Credit scores can change over time, depending on your conduct, how your credit history and payment patterns change, and how credit scoring technologies change. Because the score is based on information in your credit history it is very important that you review the credit-related information that is being furnished to make sure it is accurate. Credit records may vary from one company to another. If you have questions about your credit score or the credit information that is furnished to you, contact the consumer reporting agency at the address and telephone number provided with this notice, or contact the lender, if the lender developed or generated the credit score. The consumer reporting agency plays no part in the decision to take any action on the loan application and is unable to provide you with specific reasons of the decision on a loan application. The name, address and telephone number of the credit reporting agencies providing data are: Experian-Fair Isaac (FICO) P.O. Box 9600 Allen, TX Equifax Credit Information Services - Beacon P.O. Box Atlanta, GA Trans Union - Empirica P.O. Box 1000 Chester, PA CREDIT SCORE DISCLOSURE A credit score was obtained in connection with your application for a home loan. The credit score is a computer-generated summary calculated at the time of the request and based on information that a consumer reporting agency or lender has on file. The scores are based on data about your credit history and payment patterns. Credit scores are important because they are used to assist the lender in determining where you will obtain a loan. They may also be used to determine what interest rate you may be offered on the mortgage. Credit scores can change over time depending on your conduct, how your credit history and payment pattern changed, and how credit scoring technologies change. Because the score is based on information in your credit history, it is very important that you review the credit-related information that is being furnished to make sure it is accurate. Credit report may vary from one company to another. Your scores are: These scores were created on by the consumer reporting agencies listed above. The scores range from a low of 350 to a high score of 850. The following factors are what affected your credit scores: Beacon Factors Fair Isaac Factors Empirica Factors

18 Solomon Z Foshko Amy Z Foshko 5604 SW Parkway, Apt. #1933 Austin, TX LOAN PARAMETERS APPLICANT(S): Solomon Z Foshko Amy Z Foshko LOAN PURPOSE: LOAN TYPE: Purchase Conventional PROPERTY: 9211 Sautelle Lane Austin, TX SALES PRICE: APPRAISED VALUE: BASE LOAN AMOUNT: GROSS LOAN AMOUNT 332,50 332,50 299,25 299,25 Dear Solomon Z Foshko : Congratulations, we've approved your mortgage loan application! Our approval of your application is subject to the terms and conditions set forth below: 1. This specific approval is valid until 02/04/2010, provided that you satisfy the terms and conditions within this letter, and that those terms and conditions are satisfied through loan closing. 2. This specific approval is based upon information you provided in your application, including but not limited to your employment, your assets, and your income and liabilities. If any of these items change during the process, Colonial National Mortgage, a division of Colonial Savings, F.A. (Lender) at its option may declare this approval null and void. 3. This specific approval is based on the Loan Parameters described above. If any of these items change during the process, Lender, at its option may declare this approval null and void. 4. In addition to the above parameters, this specific approval is based on an interest rate of % per year. This is the maximum rate for which this approval is valid. However, Lender is not guaranteeing you this rate by virtue of this Notice of Loan Approval. Your interest rate will be based on a written LOCK AGREEMENT either previously executed by you and the Lender or to be executed by you and the Lender prior to closing. 5. This specific approval is subject to the documentation requirements specified in the DOCUMENT REQUEST LETTER attached to this letter or included as part of the application package. Additional document requirements may result from review of those provided initially. This specific approval is subject to any additional document requirements deemed necessary by employees of the Lender or any subsequent lender or investor. This may include the sale of your present home if you own a home now, or the payoff of certain debts in order to qualify for the loan. Your Loan Officer or Processor will confirm either. 6. This specific approval is contingent upon receipt of a Property Appraisal considered satisfactory by the Lender. An Appraiser who is currently licensed in the state in which your property is or will be located, and who is considered satisfactory by the Lender must perform the Appraisal. If you are buying a home, the value assigned by the Appraiser must not be less than the Sales Price of the property. If your are refinancing a loan or obtaining an equity loan, and a Property Appraisal is required, the value assigned by the Appraiser must support the transaction under the current lending guidelines of the Lender and those of any state or federal agency. 7. The economic terms of your loan, including the interest rate and discount points if any, and their duration have been or will be established in writing in the LOCK AGREEMENT both you and the Lender have executed or will execute prior to closing. 8. You, or your Insurance Agent or Realtor on your behalf, must provide evidence of Hazard Insurance Coverage on the Property which this loan secures. In addition to meeting your requirements, the Coverage must conform to standards required by the Lender and the mortgage industry as a whole. Check with your Insurance Agent. 9. You have applied for a Conventional loan. If FNMA, FHLMC, or any Private Investor for whom your loan application has specifically been approved, has their authority to purchase or securitize loans suspended or terminated, then Colonial National Mortgage, a division of Colonial Savings, F.A. may at its option declare this approval null and voi Colonial National Mortgage, a division of Colonial Savings, F.A. 's obligation to extend you a mortgage loan is conditioned upon your satisfying various pre-conditions, including without limitation those set forth above as well as other conditions which are customary in closing a residential mortgage loan. If you have any questions, feel free to contact me by any one of the methods indicated below. Thanks, and again, CONGRATULATIONS! Sincerely,

19 Solomon Z Foshko Amy Z Foshko 5604 SW Parkway, Apt. #1933 Austin, TX Dear Solomon Z Foshko, Please Contact: Teri Hall terih@colonialsavings.com Phone: (512) Fax: (512) Thanks again for applying with us for your mortgage loan! We look forward to serving you during both the processing of your loan AND during the years of home ownership to come. In order for us to make a final, formal loan decision, we will need from you the documents listed below. If ORIGINALS are requested, WE will make the copies for our file and return the originals to you. This information must be returned to us by 02/04/2010. Property & Loan Information Applicant Documentation Remember, I'm Teri Hall and you can contact me or Lisa Lewis, your Loan Officer, regarding this request, or any part of the loan process, using one of the means below. We value you and the opportunity to be of service to you! Sincerely,

20 Patriot Act Disclosure Important Information about Procedures for Opening a New Loan or Deposit Account Compliance with the USA Patriot Act Effective October 1, 2003 To help the government fight the funding of terrorism and money laundering activities, Federal Law requires all financial institution to obtain, verify, and record information that identifies each person who opens an account. What that means to you: When you open an account, we will ask you for your main address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents. Thank you for the opportunity to be of service. Colonial National Mortgage, a division of Colonial Savings, F.A. Member SAIF, FDIC Insured