COMMERCIAL LOAN APPLICATION PACKAGE

COMMERCIAL LOAN APPLICATION PACKAGE This instruction sheet is designed to assist you in submitting a completed loan package, which will enable us to respond to your loan application as quickly and efficently as possible. Please submit all relevant documentaton from the following list. Your cooperation in this matter will be appreciated. YOUR RATE WILL BE LOCKED FOR A PERIOD OF 90 DAYS FROM RECEIPT OF A COMPLETED APPLICATION. REQUIRED DOCUMENTS FOR COMMERCIAL LOAN APPLICATION 1. Complete and Sign Boiling Springs Savings Bank Commercial Loan Application, Information Sheet, and E-Sign Agreement Disclosure and Consent. 2. Complete and Sign Environmental Questionnaire. To be completed and signed by the current owner of the property. 3. Copy of fully executed Sales Contract (if this transaction is a purchase). 4. Completion of Income and Expense Statement for the subject property. 5. Completion of Rent Roll for the subject property. 6. Copies of all leases or other evidence verifying rental income for the subject property. 7. Last two (2) years Personal Federal Tax Returns along with W-2 Statements for all principals. Please sign and date tax returns. a. If the filing date has passed for the most recent tax year and a Personal Federal Tax Return has not been filed, please provide the following: Application for Automatic Extension (Form 4868) All W-2 statements Year-end Profit and Loss Statement Interim Cash Flow Statement. 8. Copies of last two (2) most recent pay stubs from your present employer(s). 9. Copies of Award Letter(s) for SSI or Pension Income (if applicable). 10. Last two (2) months Bank / Broker Statements for assets listed on application. 11. Completion of Commercial Loan Real Estate Owned Schedule. Please sign and date. 12. Copy of an acceptable form of identification (i.e. Driver s License, US Passport). 13. If the applicant is a business entity please provide the last two (2) years Business Federal Tax Returns along with the most recent Operating Agreement listing all shareholders and their respective ownership interest in the company taking title. Please sign and date the tax returns. 14. Self-employed applicants must provide the last two (2) years Business Federal Tax Returns for their primary business(es) along with current year-to-date Profit and Loss Statements. Please sign and date. 15. Construction Budget (if applicable). OMISSIONS ON YOUR APPLICATION AND/OR THE ACCOMPANYING DOCUMENTS WILL RESULT IN A DELAY IN THE PROCESSING TIME AND MAY RESULT IN THE RETURN OF YOUR APPLICATION. APPRAISAL FEES WILL VARY DEPENDING UPON PROPERTY TYPE. PLEASE CHECK WITH A LOAN REPRESENTATIVE FOR A QUOTE. Boiling Springs Savings Bank 25 Orient Way, Rutherford, NJ 07070 Phone 201-507-3200 Fax 201-935-0777

Rev. 8/12 Privacy Policy At Boiling Springs Savings Bank we are committed to servicing the needs of our customers and we want you to understand how we protect your privacy when we collect and use information about you and how we safeguard that information. FACTS WHY? WHAT? HOW? WHAT DOES BOILING SPRINGS SAVINGS BANK DO WITH YOUR PERSONAL INFORMATION? Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. The types of personal information we collect and share depend on the product or service you have with us. This information can include: Social Security number and income account balances and payment history credit history and credit scores When you are no longer our customer, we continue to share your information as described in this notice. All financial companies need to share customers personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers personal information; the reasons Boiling Springs Savings Bank chooses to share; and whether you can limit this sharing. Reasons we can share your personal information Does BSSB share? Can you limit this sharing? For our everyday business purposes such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus For our marketing purposes to offer our products and services to you For joint marketing with other financial companies For our affiliates everyday business purposes information about your transactions and experiences For our affiliates everyday business purposes information about your creditworthiness For affiliates to market to you For nonaffiliates to market to you YES YES NO NO NO NO NO NO NO WE DON T SHARE WE DON T SHARE WE DON T SHARE WE DON T SHARE WE DON T SHARE Questions? Call (201)939-5000 or go to www.bssbank.com.

Page 2 What we do How does Boiling Springs Savings Bank protect my personal information? How does Boiling Springs Savings Bank collect my personal information? Why can t I limit all sharing? To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. We collect your personal information, for example, when you open an account or deposit money pay your bills or apply for a loan use your debit card We also collect your personal information from others, such as credit bureaus, affiliates, or other companies. Federal law gives you the right to limit only sharing for affiliates everyday business purposes information about your creditworthiness affiliates from using your information to market to you sharing for nonaffiliates to market to you State laws and individual companies may give you additional rights to limit sharing. Definitions Affiliates Nonaffiliates Joint Marketing Companies related by common ownership or control. They can be financial and nonfinancial companies. Boiling Springs Savings Bank has no affiliates. Companies not related by common ownership or control. They can be financial and nonfinancial companies. Boiling Springs Savings Bank does not share with nonaffiliates so they can market to you. A formal agreement between nonaffiliated financial companies that together market financial products or services to you. Boiling Springs Savings Bank doesn t jointly market. Member FDIC

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT 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. 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.

E-Sign Agreement Disclosure and Consent This Boiling Springs Savings Bank E-Sign Disclosure ( Disclosure ) applies to the loan that you have requested. The words we, us, and our means Boiling Springs Savings Bank loan and the words you and your means you, the individual(s) who have applied for the loan. As used in this Disclosure, Communication means any authorization, agreement, disclosure, notice, or other information related to your Account, including but not limited to information that we are required by law to provide to you in writing. The Scope of Communications to Be Provided in Electronic Form When you select I agree to the terms with respect to the loan, you agree that we may provide you with any Communications relating to that Account in electronic format, and that we may discontinue sending paper communications to you, unless and until you withdraw your consent as described below. Your consent to receive electronic Communications and transactions includes, but is not limited to: Initial disclosures or agreements for your loan Notices or disclosures about a change in the terms of your loan Appraisals Method of Providing Communications to You in Electronic Form All Communications that we provide to you in electronic form will be provided via e-mail at the e-mail address you specify on this disclosure. Confirmation By electing to have records provide to you in electronic form, you agree to confirm your ability to access the information. When we notify you of any system change, you must reconfirm your consent according to the instructions provide at the time, or withdraw your consent, in the manner set forth below. How to Withdraw Consent You may withdraw your consent to receive Communications in electronic form by contacting us at 201-507-3200. We may treat your provision of an invalid e-mail address or the subsequent malfunction of a previously valid address as a withdrawal of your consent to receive electronic communications. We will not impose any fee to process the withdrawal of your consent to receive electronic Communications. Any withdrawal of your consent to receive electronic Communications will be effective only after we have a reasonable period of time to process your withdrawal. How to Update Your Records It is your responsibility to provide us with true, accurate and complete e-mail address, contact, and other information related to this Disclosure Account(s), and to maintain and update promptly any changes in this information. You can update such information (such as your e-mail address) by contacting us at 201-507-3200. Hardware and Software Requirements In order to access, view, and retain electronic Communications that we make available to you, you must have: E-mail Address; Internet browser Internet Explorer; Adobe Acrobat Reader 8.0 or higher; An e-mail account with Internet service provider and e-mail software in order to participate in our electronic Communications programs; A personal computer, operating system and telecommunications connections to the Internet capable of receiving, accessing, displaying, and either printing or storing, communications received in electronic form from us via a plain text-formatted e-mail. Requesting Paper Copies We will not send you a paper copy of any Communication from us, unless you request it or we otherwise deem it appropriate to do so. You can obtain a paper copy of an electronic Communication by printing it yourself or by requesting that we mail you a paper copy, provided that such request is made no later than seven years after we first provided the electronic communication to you. To request a paper copy, contact us by telephone at 201-507-3200. We reserve the right, but assume no obligation, to provide a paper (instead of electronic) copy of any Communication that you have authorized us to provide electronically. Communications in Writing All Communications in either electronic or paper format from us to you will be considered in writing. You should print or download for your records a copy of your Early Disclosures, this Disclosure, your initial authorization to receive e-mail disclosures, any changes to that authorization, and any other Communication that is important to you. Federal Law You acknowledge and agree that your consent to electronic Communications is being provided in connection with a transaction affecting interstate commerce that is subject to the federal Electronic Signatures in Global and National Commerce Act, and that you and we both intend that the Act apply to the fullest extent possible to validate our ability to conduct business with you by electronic means. Termination/Changes We reserve the right, in our sole discretion, to discontinue the provision of your electronic Communications, or to terminate or change the terms and conditions on which we provide electronic communications. We will provide you with notice of any such termination or change as required by law. Yes, I agree to receiving disclosures via e-mail. Date Date E-Mail Address The above E-Sign Agreement Disclosure and Consent has been accepted by the undersigned as representative of Boiling Springs Savings Bank as of this date. Date 10/07/13

INFORMATION SHEET CLOSING ATTORNEY/TITLE AGENT: Name: Address: Telephone: Fax: E-mail: ACCOUNTANT: Name: Address: Telephone: Fax: E-mail: APPRAISAL CONTACT: Name: Address: Telephone: Fax: E-mail: ESTIMATED CLOSING DATE: BORROWER INFORMATION: MOTHER S MAIDEN NAME: (for ID purposes) CELL PHONE NUMBER: E-mail CO-BORROWER INFORMATION: MOTHER S MAIDEN NAME: (for ID purposes) CELL PHONE NUMBER: E-mail NAME OF CORPORATION, PARTNERSHIP, LLC TO HOLD TITLE: Name of Entity: Tax Identification # Please provide alternative mailing address for all correspondence, if applicable: HOW DID YOU HEAR ABOUT US? Direct Mail Lobby Sign Broker Newspaper Customer Referral Employee Referral Statement Stuffer Walk-In Other APPLICANT S Signature Date CO-APPLICANT S Signature Date Boiling Springs Savings Bank 25 Orient Way, Rutherford, NJ 07070 Phone 201-507-3200 Fax 201-935-0777

INCOME & EXPENSE STATEMENT / CML LOAN SUMMARY Borrower(s): Borrower(s): Business Phone: Home Phone: Other: Property Address: Multi-Family: Mixed-Use: Cml: Owner Occupied: Number of Residential Units: Number of Cml Units: Estimated Value: $ Loan Amount: $ Loan Program: Rate: % P&I: $ Current Annual Base Rent: Tenant Reimbursements (if applicable) Other Income (Parking, Laundry) TOTAL GROSS INCOME (TGI): LESS Vacancy Factor (5% of TGI) EFFECTIVE GROSS INCOME (EGI): Real Estate Taxes: Insurance: Utilities: Water/Sewer: Reserves: (4% EGI) Management Fee: (5% EGI) Repairs/Maintenance: (Rubbish Removal, Snow Removal, Landscaping, Janitorial) Superintendent: Elevator Maintenance: Other / Miscellaneous: TOTAL EXPENSES: NET OPERATING INCOME (NOI): $ = Annual NOI Annual Principle & Interest DSCR I certify that the information presented on this form is accurate and true as of the below date. Borrower Borrower Date Date

Applicant: Subject Loan Request: COMMERCIAL LOAN REAL ESTATE OWNED SCHEDULE Investment Properties NET WORTH CASH FLOW Title Held Property Owner % Lender Market Loan Net Year Annual Annual Net Annual Net Property Address By Type Occupied Owned Value Bal. Equity Acquired Income Expense Income Prin.+Int Pay't Cash TOTAL Development Projects Title Held Property % Lender Market Loan Net Year Annual Annual Net Annual Net Property Address By Type Owned Value Bal. Equity Acquired Income Expense Income Prin.+Int Pay't Cash TOTAL Business Operations % Lender Market Loan Net Year Annual Annual Net Annual Net Company Name Business Type Owned Value Bal. Equity Acquired Income Expense Income Prin.+Int Pay't Cash TOTAL Personal Home & Income Title Held Property % Lender Market Loan Net Year Annual Annual Net Annual Net Property Address By Type Owned Value Bal. Equity Acquired Income Expense Income Prin.+Int Pay't Cash TOTAL GRAND TOTAL Notes: Prepared by: Date: Signature: F:\Application Packages - FOR ADMIN ONLY!\BSSB MORTGAGE LOAN APPLICATIONS\Commercial Mortgage Application Package 2015\Commercial Loan Real Estate Owned

Boiling Springs Savings Bank 25 Orient Way, Rutherford, NJ 07070 / Phone 201.939.5000 / Fax 201.460.1431 Borrower Name: Property Address: Rent Roll Lease Schedule As Of: Commercial or Residential Tenant Unit # Sq. Ft. Lease Maturity Base Annual Rent Annual Tenant Contributions ** Total Annual Increase Provisions* Taxes Insurance Utilities CAM Rent Total Annual Laundry Income Annual Garage Income Other Total Gross Annual Income Is the property subject to rent control? If Yes, what is the current allowable increase per year? * Indicate the amount of the annual rent increase and/or the increase of the percentage/index used. ** If expenses are based on increases over a base amount, list the base year and the amount. Please Enclose New Fully Executed Copies Of Commercial Leases And/Or Extensions I certify this information to be true and in agreement with any and all current fully executed leases in effect. Signature Date

Commercial Real Estate (CRE) Mortgage Loan Application -- For 5 or more units / Mixed Use / Commercial Real Estate * IMPORTANT FAILURE TO COMPLETE AND PROVIDE ALL INFORMATION WILL DELAY PROCESSING * TO BOILING SPRINGS SAVINGS BANK THE UNDERSIGNED SUBMITS THIS APPLICATION AND FINANCIAL INFORMATION FOR THE FOLLOWING LOAN: Section One The Loan Request Purpose of the Loan (Check one or more) Purchase Refinance Existing Refinance - Cash out New Construction Renovations Land Acquisition & Development Other (describe below) Other (Describe) Amount Requested _ Rate Term Fixed 5/5 ARM 7/5 ARM 10/5 ARM Purpose/Use of Funds Section Two Borrowing Entity (complete if borrowing in the name of a company) Company Name Company Address City and State Zip Code Type of Business: Sole Proprietor Partnership Corp. Sub "S" Corp. LLC Company Telephone Company Tax ID # Nature of Business (Describe) Section Three Applicant Information Co-Applicant Definition: Owners / Guarantors, who have joint assets and share joint liabilities (i.e. you and your spouse), need only complete one application utilizing both Applicant and Co-Applicant sections. Owners / Guarantors, who share business interests only, must complete separate applications. Applicant Applicant Address City and State Zip Code Home Telephone Email Address Applicant SSN # Date of Birth US Citizen? Yes No Co-Applicant Co-Applicant Address City and State Zip Code Home Telephone ( ) - Email Address Co-Applicant SSN # Date of Birth US Citizen? Yes No Boiling Springs Savings Bank 25 Orient Way, Rutherford, NJ 07070 Phone 201-507-3200 Fax 201-935-0777 Page 1

Section Four Property to be Secured Property Address or Location: City: Building Data County: Residential Units State: Commercial Units Zip: Other Lot: Block: Date of Purchase: / / Est. Value/Purchase Price: $ Yearly Taxes: $ Name of Current Mortgagee Current Balance Loan # Telephone # $ ( ) - $ ( ) - Section Five Ownership / Officers of the Business (100% of the company must be shown. Use separate page if necessary) Name Title % Owned Telephone # ( ) - ( ) - ( ) - ( ) - Section Six Applicant s Employment & Assets Applicant Employer Name Address City St Zip Business Phone Yrs on this Job Title Yrs employed in the line of work/profession Annual Income $ Co-Applicant Employer Name Address City St Zip Business Phone Yrs on this Job Title Yrs employed in the line of work/profession Annual Income $ Boiling Springs Savings Bank 25 Orient Way, Rutherford, NJ 07070 Phone 201-507-3200 Fax 201-935-0777 Page 2

Assets: Amount Liabilities Amount Cash on Hand and at Banks $ Loans Outstanding $ Listed & Government Securities $ Accounts Payable (including Credit Cards) $ Retirement Accounts $ Real Estate Loans Primary Residence $ Primary Residence $ Real Estate Loans Investment Properties $ Real Estate Investments $ Auto Loans / Leases $ Business Interests $ Education Loans $ Personal Property (including automobiles) $ Other Debts $ Other Assets $ $ $ Total Liabilities $ Total Assets $ Net Worth (Total Assets Total Liabilities) $ YES NO Are you a guarantor, co-maker or endorser for any debt of an individual, corporation or partnership? Is any of your personal debt being paid by the business? Are you currently involved in litigation? Have you ever filed for Bankruptcy? Are you delinquent on any debt, including loans, credit cards, income tax or real estate tax obligations? Are any tax returns being contested or audited? Do you have any other contingent liabilities (leases, letters of credit, surety bonds, etc.)? Have any business entities or real estate been acquired or sold since the filing of your most recent personal tax return? If Yes for any of the above, give details (attach additional sheets if necessary): Boiling Springs Savings Bank 25 Orient Way, Rutherford, NJ 07070 Phone 201-507-3200 Fax 201-935-0777 Page 3

I / We authorize and instruct any person or consumer/business reporting agency to compile and furnish to the Bank any information it may have or obtain in response to such credit inquiries and agree that same shall remain the Bank s property whether or not the credit is extended. I / We represent to the bank that all information set forth in this application is a true representation of facts made for the purpose of obtaining the credit requested and l/we understand that any willful misrepresentation on this application could result in the denial or termination of the credit requested or criminal action. The Bank may request a credit report in connection with this application and subsequent credit reports in connection with updating, renewing or extending the existing or future extensions of credit. I / We understand and agree that this application shall remain the property of this institution. Signed this day of,. Name of Business By: By: Title: Title: Personal Applicant: Personal Applicant: Boiling Springs Savings Bank 25 Orient Way, Rutherford, NJ 07070 Phone 201-507-3200 Fax 201-935-0777 Page 4

Please Complete only if applying as individuals for a loan secured by a property containing any dwelling units (includes apartments, condominiums, and mixed use properties containing residential units). To be completed only if the proceeds of this loan are to be utilized for the Purchase, Refinance, or Home Improvement. GOVERNMENT MONITORING INFORMATION 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 regulation, 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. BORROWER CO-BORROWER I do not wish to furnish this information I do not wish to furnish this information Ethnicity: Hispanic or Latino Ethnicity: Hispanic or Latino Not Hispanic or Latino Not Hispanic or Latino Race: American Indian or Alaska Native Race: American Indian or Alaska Native Asian Asian Black or African American Black or African American Native Hawaiian or Other Pacific Native Hawaiian or Other Pacific Islander Islander White White Sex: Female Male Sex: Female Male To be Completed by Loan Originator This information was provided: In a face-to-face interview In a telephone interview By the applicant and submitted by fax or mail By the applicant and submitted via e-mail or the Internet Boiling Springs Savings Bank 25 Orient Way, Rutherford, NJ 07070 Phone 201-507-3200 Fax 201-935-0777