PLEASE COMPLETE THIS APPLICATION THOROUGHLY AND ACCURATELY. Sections 1 and 2 apply to all members of the entity and all parties related to this transaction. Any member that owns more than 19% of the borrowing entity must complete Sections 3 and 4 separately and individually using the Co-Guarantor Addendum.

I/We have selected the following Title Company/Attorney's office to handle our closing. NOTE: This must be completed by at least one applicant. Not completing this information may delay closing.

The Guarantor(s) listed on this application each of the undersigned represents to Ternus Lending, LLC (herein referred as "Lender") and to Lender's actual or potential agents, brokers, processors, attorneys, insurers, servicers, successors and assigns and agrees and acknowledges that:
(1) neither Lender nor its agents, brokers, insurers, servicers, successors or assigns has made any representation or warranty, express or implied, to me regarding the property or the condition or value of the property
(2) the loan requested pursuant to this application (the "Loan") will be secured by a mortgage or deed of trust on the property or properties described in this application;
(3) the property will not be used for any illegal or prohibited purpose or use;
(4) all statements made in this application are made for the purpose of obtaining a commercial mortgage loan;
(5) the property will be occupied or not occupied as indicated in this application;
(6) Lender, its servicers, successors or assigns are given my (our) consent to retain the original and/or an electronic record of this application, whether or not the Loan is approved;
(7) Lender and its agents, brokers, insurers, servicers, successors, and assigns may continuously rely on the information contained in the application, and I am obligated to and agree to amend and/or supplement the information provided in this application if any of the material facts that I have represented herein should change prior to closing of the Loan;
(8) I understand and acknowledge that, in the event that my payments on the Loan become delinquent, Lender, its servicers, successors or assigns may, in addition to any other rights and remedies that it may have relating to such delinquency, report my name and account information to one or more consumer reporting agencies;
(9) I understand and acknowledge that ownership of the Loan and/or administration or servicing of the Loan account may be transferred with such notice as may be required by law;
(10) my transmission of this application as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or my facsimile transmission of this application containing a facsimile of my signature, shall be as effective, enforceable and valid as if a paper version of this application were delivered containing my original written signature pursuant to applicable law; and
(11) I further represent, covenant, and warrant that the information provided in this application is true and correct as of the date set forth opposite my signature and that any intentional or negligent misrepresentation of the information in this application may result in civil liability, including monetary damages, to any person who may suffer any loss due to reliance upon any misrepresentation that I have made on this application. The Borrower (or Co-Borrower) and Guarantor (or Co-Guarantor) each of the undersigned acknowledges and agrees that Lender may assign, transfer or hypothecate this Loan opportunity to another lender or funding source and to that end, share the information in this application with other lenders and investors in furtherance of closing the requested Loan. Each of the undersigned hereby acknowledges that any owner of the Loan, its servicers, successors and assigns, may verify or re-verify any information contained in this application or obtain any information or data relating to the Loan, for any legitimate business purpose through any source, including a source named in this application or a consumer reporting agency.

When required by Lender, I understand that by signing this application, I hereby authorize Lender, other loan participants, or its assigns on its own or through its service provider to obtain (1) a consumer credit report (hard or soft credit pull) to verify other credit information, including past and present mortgage and landlord references; (2) a background investigation report and verify both criminal and civil records; and (3) order an appraisal to determine the property's value and charge you for this appraisal. It is understood that a copy of this application serves as authorization to conduct these checks and that the information gathered is in connection with a credit transaction involving myself and/or my company, as applicable. The information Lender obtains is only to be used in conjunction with this application for the loan, or for the collection of an account on a closed loan.

I further understand that any expenses incurred by me or others in pursuit of this Loan, whether paid to Lender or a third party, is not refundable or reimbursable for any reason by Lender, including without limitation, appraisals, inspections, or any third-party review services. Ternus will collect a non-refundable application fee upon receipt of this signed application.

The closing of a Loan is subject to all applicable terms and conditions, and subject at all times to force majeure events.

Appraisal Notice: We will promptly give you a copy of any appraisal utilized to evaluate the Application in accordance with 12 CFR Part 1002, even if your loan does not close. You may pay for an additional appraisal for your own use at your own cost.

Privacy Act Notice: This request for personal identifying information and other required information is to be used and stored by Lender or its assignees in