Common use of Services to Borrower Clause in Contracts

Services to Borrower. If applicable law so requires, Mortgage Broker/Correspondent is acting as the authorized agent of the Borrower with respect to the submission of an Application Package and the negotiation of a Loan and has entered into a contract with the Borrower authorizing the Mortgage Broker/Correspondent to act in such agency capacity for the Borrower concerning the transactions contemplated by this Agreement. Mortgage Broker/Correspondent has observed and shall observe and fully discharge any applicable duties owed by Mortgage Broker/Correspondent to Borrower under law with respect to each Borrower and related Application Package that has been submitted by Mortgage Broker/Correspondent to Secure One Capital for funding consideration pursuant to this Agreement. Without limiting the foregoing, whenever Mortgage/Broker/ Correspondent owes obligations to give disclosures either based on requirements of such duty, law, or Secure One Capital, Mortgage Broker/Correspondent, including its officers, directors, employees, representatives and agents, represents and warrants it has provided to Borrower any and all requisite disclosures, including, but not limited to, those pertaining to Mortgage Broker/Correspondent's compensation and has obtained any and all requisite agreements and authorizations. All services performed by Mortgage Broker/Correspondent were performed to the full satisfaction of Borrower by Mortgage Broker/Correspondent and in accordance with the legal, prudent, accepted and customary standards in the mortgage lending industry generally. Mortgage Broker/Correspondent is not aware of any dispute or claim by any Borrower that all such services were not fully and satisfactorily performed. No Borrower has any claim or defense against Mortgage Broker/Correspondent, and its officers, directors, employees, representatives and agents, by reason of any act or omission of Mortgage Broker/Correspondent, and its officers, directors, employees, representatives and agents, arising out of or related in any manner to an Application Package, a Loan or a Loan transaction.

Services to Borrower. If applicable law so requires, Mortgage Broker/Correspondent Broker is acting as the authorized agent of the Borrower with respect to the submission of an Application Package and the negotiation of a Loan and has entered into a contract with the Borrower authorizing the Mortgage Broker/Correspondent Broker to act in such agency capacity for the Borrower concerning the transactions contemplated by this Agreement. Mortgage Broker/Correspondent Broker has observed and shall observe and fully discharge any applicable duties owed by Mortgage Broker/Correspondent Broker to Borrower under law with respect to each Borrower and related Application Package that has been submitted by Mortgage Broker/Correspondent Broker to Secure One Capital First Community Mortgage Inc. for funding consideration pursuant to this Agreement. Without limiting the foregoing, whenever Mortgage/Broker/ Correspondent owes obligations to give disclosures either based on requirements of are required by such duty, law, or Secure One CapitalFCM, Mortgage Broker/Correspondent, including its officersofficers, directors, employees, representatives and agents, represents and warrants it has provided to Borrower any and all requisite disclosures, including, but not limited to, those pertaining to Mortgage Broker/Correspondent's Broker compensation and has obtained any and all requisite agreements and authorizations. All services performed by Mortgage Broker/Correspondent Broker were performed to the full satisfaction of Borrower by Mortgage Broker/Correspondent Broker and in accordance with the legal, prudent, accepted and customary standards in the mortgage lending industry generally. Mortgage Broker/Correspondent Broker is not aware of any dispute or claim by any Borrower that all such services were not fully and satisfactorily performed. No Borrower has any claim or defense against Mortgage Broker/Correspondent, and its officersofficers, directors, employees, representatives and agents, by reason of any act or omission of Mortgage Broker/Correspondent, and its officersofficers, directors, employees, representatives and agents, arising out of or related in any manner to an Application Package, a Loan or a Loan transaction.

Services to Borrower. If applicable law so requires, Mortgage Broker/Correspondent Broker is acting as the authorized agent of the Borrower with respect to the submission of an Application Package and the negotiation of a Loan and has entered into a contract with the Borrower authorizing the Mortgage Broker/Correspondent Broker to act in such agency capacity for the Borrower concerning the transactions contemplated by this Agreement. Mortgage Broker/Correspondent Broker has observed and shall observe and fully discharge any applicable duties owed by Mortgage Broker/Correspondent Broker to Borrower under law with respect to each Borrower and related Application Package that has been submitted by Mortgage Broker/Correspondent Broker to Secure One Capital FCM for funding consideration pursuant to this Agreement. Without limiting the foregoing, whenever Mortgage/Broker/ Correspondent owes obligations to give disclosures either based on requirements of are required by such duty, law, or Secure One CapitalFCM guideline and/or agreement, Mortgage Broker/Correspondent, including its officersofficers, directors, employees, representatives and agents, represents and warrants it has provided to Borrower any and all requisite disclosures, including, but not limited to, those pertaining to Mortgage Broker/Correspondent's Broker compensation and has obtained any and all requisite agreements and authorizations. All services performed by Mortgage Broker/Correspondent Broker were performed to the full satisfaction of Borrower by Mortgage Broker/Correspondent Broker and in accordance with the legal, prudent, accepted and customary standards in the mortgage lending industry generally. Mortgage Broker/Correspondent Broker is not aware of any dispute or claim by any Borrower that all such services were not fully and satisfactorily performed. No Borrower has any claim or defense against Mortgage Broker/Correspondent, and its officersofficers, directors, employees, representatives and agents, by reason of any act or omission of Mortgage Broker/Correspondent, and its officersofficers, directors, employees, representatives and agents, arising out of or related in any manner to an Application Package, a Loan or a Loan transaction.