| , a mortgage
broker, arranging a loan secured by real property as described on the Loan
Information Statement attached hereto, hereby employs CJ Investment Services,
Inc. (hereinafter referred to as COMPANY) to assist the broker in completing
the transaction. COMPANY is not a public escrow service and is in
no way responsible nor liable for the underwriting, funding, or disbursement
of loan funds for this transaction. COMPANY will rely solely on the
information provided by the broker to prepare the necessary documentation.
Provision of all loan documentation for this transaction is not intended
to be legal advice or a substitute for specific analysis of the loan or
real estate law, either Federal or State, as it might apply to a specific
factual situation. The BROKER hereunder is advised to consult with
his/her own attorney for any legal advise or specific assistance on this
transaction or specific laws. Said mortgage broker shall hold harmless
COMPANY from any and all loss and expenses, including attorney's fees and
court costs sustained by reason of any action, legal or otherwise, which
may in anyway arise as a result of this transaction. Said mortgage
broker hereby further acknowledges and accepts full responsibility for
the compliance of this transaction with all applicable governing laws of
the State of California.
The broker provides herewith the following information,
relative to the subject transaction. The broker further agrees to
provide additional information at the request of COMPANY as required to
complete the documentation, including but not limited to the following:
a copy of an active broker's license, a copy of the borrower's application,
a copy of the borrower's tax returns for the 2 most previous years, or
if self employed a copy of a financial statement or profit and loss for
income disclosure purposes, a copy of any verification of employment obtained
by the broker, a copy of the preliminary title report, a copy of the appraisal
on the subject property or a broker's analysis or opinion of the market
value, a copy of all construction related information if applicable, a
copy of all notes and deeds of trust on senior encumbrances, the lender's
name and vesting (NOTE: married investors who take title as their sole
and separate property must have their spouses execute an assignment and
escrow instructions), Section 32 loan worksheet (if applicable), and other
information as may pertain to the specific loan transaction and as may
be required by COMPANY.
The terms and conditions of the loan being arranged by
the broker will be as shown on the reverse hereof, to be completed by the
broker. All documents will be provided by COMPANY unless otherwise
specified. COMPANY is not responsible nor liable for any "sign-off"
of the documents by borrower.
All information provided and maintained in the files of
COMPANY is the property of COMPANY and shall be kept for a period of not
less than 5 years from the date of close of escrow. All information
regarding this transaction including borrower and lender information shall
be maintained with the highest regard to confidentiality by COMPANY and
shall be released only to those individuals entitled to it.
The undersigned BROKER hereby agrees to pay COMPANY $_________
for document preparation. An additional charge of $__________ is
due if documents are required with less than 24 hours notice. Fee
is deemed earned and due and payable upon submission of completed documents
to BROKER or title company. COMPANY may elect to be paid out of escrow
for said transaction. If for any reason said transaction is not consummated,
BROKER shall be liable to COMPANY for a cancellation fee as deemed appropriate
by COMPANY.
The undersigned broker hereby agrees to the terms and
conditions and set forth herein and further acknowledges receipt of a copy
of the foregoing.
DATE: _____________
_________________________________________
Signature of Broker
Accepted by:
_____________________________________
CJ Investment Services, Inc.
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