2010/02/19 09:24:27 2 73 Corporate America Family Credit Union 2445 Alt Lane Elgin, Hinds 60123 Phone (800) 359-1959. Fox. (688) 536.3329 PROJECT NAME: Kizas Lofts DATE: 021972010 PROPERTY ADDRESS: 239 5 Ave N UNIT, 302 CU'Y, STATE: Nashville, TN 37219 LOAN #: 50-29068900-171 ‘CUSTOMER NAME: Jel Young PROJECT UNDERWRITING QUESTIONNAIRE: Dear Association Representative Inder to offer a morgage to your new oxmner/member, ad also for futhre purchasersin your project. we ask for your assistance Please‘help ws by completing andretuming, this form at yo.cartiest convenience. Any officer of your nssocistion or management firm (if you have ove} may respond, Your cocparation wil greatly assst our ability to process the lotn application, Very uly yours, Projest Undersriter 1. The complete name of the Association is it aig Bee 2. Je thixe move than of assoeintion for this project? __Yes; ___No_(Sueltas a mastou/umbrella association). Lr Yes, please complete this questionnaire with intosination relative dily to the unit or sub-agsoctation) 3, The restetiat development i led as as ‘Condominium (land under unit is common-area) Site or Detached Condominium PUD (lot under umitis individually owed) Mobile Home Park Condotel 4, Have the unit owners saken control ofthe Homeowners Association? Yes; No. IF Yes, when?’ 5. Total inmiberof units in project: “ Isall constmction complete and hag a ceuficate of Occupancy’beenissued? ___Yes; ___No IENo, total mits now complete When will the project be completed? Dies this project have Fannie Mae 1058 approval Yes,____No This unit's building #: ‘Dhis unit isin legal phase ‘Date phase was completed: 6, Can the project be expinded by additonal phases not yet built? "Yes; __No How many stories isthe building?” ___ Stories 1. Ateall units in the project sold and closed? __Yes;,_No_ If No, please complete the fallowing bart: “Total # of Phase it Units Closed. Under Contract, Common Areas Done T Yes No zoos es No. 3 Yes No | a | Yes No. Saar “Yes No 6 eee Wek Aarti (God another shSet if Hore space is weeded, wi all phases are shown) 8s the project created by a conversion of'an existing building? _Yes; _No “Year converted Gat atib? Yes,___ No 9..s'theté any cqninerejaVnoncesidential space inthe project? ___ Yes; No It Yes, plese descbe the iatte of the Spaée and. what percentage iis of the foal space,2010/02/19 09:24:27 3/3 10, Are'te tits ed on oRe'sinpe.basis? — (Fee Siniple) (Leasehold) Land is ovaed Land fs tented Lease txpirtioi’ dt: 1], Does any one entiy o person (other than the original developer or anor, dung th infil constrtion time) own ine than 10% ofthe unitsin the project?,___Yes; No: IF Yes,how many dothey own? 12, How many units are owner occupitd primary or second home residences? 13. How many units ave tivestor owned? 14. is hese on'site rental office? .. Yess. No Daily maid service? Yes, 18, What isthe miniomum rental period? _ Bally Weekly Monty Yearly _Other 16, How many unit owners ore more than 30 days deinguent fn the payment of the monthly fees? Amount of monies duc$ 17. Are there any-corrent special budget assessments? Yes, Tes, deseribe theatre of the sssessien, he ampintat chaige per unitygnd the tal charges for oll units; 18, Amovel of monies hel in reserves, 19, Is the Association curvently-a party in any type‘oflitigation? TE Yes, deseribe the nature ofthe suit, whether-the assoviatiow is defondat or Plaintff.the amount of duma expected date-of resolution: 20, Does the Asseiaton cusenty carry Flo nsuranec? _Neu___No Does the Association have Fidelity Bond coverage? es; Ne Lioes the sociation have General Lint sore “yest No perpecunrence Doce the Assointion ive Bartiake covernge? ves: Dogs the: Association have [00% replacement coverage on the Building? “The Association's insurance deductible amount $ Yes; 21, Ave there any Deed Restrictions? No ifs0, please explain: 22. Areal amenities and facilities owned by the unitawners.or'HOA? Ves: In ner o process the application for a mortgage io this condo association, we will request ofthe Wotrower or agent the following condo documents: Bylaws/Articles of Incomoration + Current year’s operating budget * Most recent setof financials ‘Insurance cesificate~-1f you don’t have, please provide information to obtain it + Engineer's Report for conversion projects “The project miangen by: _ Professional Agent’ —_Uuit Owners Diveloper/Sponsor Nan: Address Telophouc Nimbar ‘This form when completed will wilized help detec fnanciag eligibility for a unit within his project: “The completion of the fermdoes not ‘cent any legal liability on the par ofthe preparer. The above sates ars uc oa aeurate the Fest of my knowledge, This lnfoamation pes ‘exes of behalf ofthe Homeowners Association, Printed Name Signature of Prepare