1. ACCURACY OF INFORMATION.

By submitting this form, you confirm that the information provided herein is true and correct. Any false statement or incorrect information found by the bank will be grounds for refusal or rejection of the loan.

2. LOAN INTEREST.

The borrower will repay the loan over the predefined period with an interest rate of (4.8%) to (12%) according to the service per annum in equal monthly installments to be paid every fifteenth (15th) day of each month. The interest rate will be paid on the last installment of the loan period.

3. LATE PAYMENT.

Late payments made by the borrower each month will incur a late payment fee of three percent (7%) of the down payment amount.

4. EARLY PAYMENTS.

The borrower may pay the monthly installments early or repay the loan in full at any time.

5. INSURANCE.

The Borrower shall pay insurance on the amount loaned.

6. METHOD OF PAYMENT OF LOAN.

The Borrower shall make payments under this Loan in cash, by check or by any instrument negotiable at any branch of the Bank.

7. DISPUTES IN CASE OF BREACH.

In the event of any dispute, claim or controversy arising out of the breach of this Agreement, the parties may submit to arbitration of their choice. The parties shall share equally the costs and expenses of the proceedings. In addition, the losing party shall pay the attorneys’ fees of the prevailing party, other than the allocation of the dispute.

8. CONFIDENTIALITY.

Any information that the Bank may acquire under this Agreement shall be recognized as confidential information. The Bank shall keep confidential the confidential information and shall exercise the same degree of care required by law.

9. SEVERABILITY CLAUSE.

If any provision of this Agreement is found by a court of competent jurisdiction to be invalid, it will apply only to the affected provision and the remaining provisions of this Agreement will remain valid and enforceable.

10. MODIFICATION OF AGREEMENT.

No modification or alteration of this Agreement will be deemed to have been agreed to by the parties unless signed in writing by both parties.

11. CONTRACTS.

This Agreement may be executed in two or more counterparts, each of which will be deemed an original, and all of which together will constitute one and the same agreement.

12. GOVERNING LAW.

This Agreement will be governed by and construed in accordance with the laws of the State of California and all other jurisdictions.

13. RELATIVITY.

This Agreement will benefit and be binding upon the estates and assigns of the parties hereto.

14. NON-WAIVER.

The failure of a party to insist upon strict performance and enforcement of any of the terms, conditions and covenants shall not be deemed a waiver by such party of such breach. Only by express written consent duly executed by the parties shall a valid waiver be deemed to have been made.