Lender: Principle National Bank, N.A.
Borrower(s) Name:
Property Address:
Loan Number: 31355
ERROR AND OMMISSIONS / COMPLIANCE AGREEMENT
State of Virginia
County of Fairfax
The undersigned borrower(s) for an in consideration of the above-referenced Lender this data funding the closing of the loan agree, if requested by lender or Closing Agent for Lender, to fully cooperation and adjust for clerical errors, any or all loan closing documentation if deemed necessary or desirable in the reasonable discretion of Lender to enable Lender to sell, convey, seek guaranty or market said loan to an entity, including by not limited to an investor, Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, Federal Housing Authority or the Department of Veterans Affairs.
The undersigned borrower(s) agree(s) to comply with all above noted requests by the above referenced Lender within 30 days from date of mailing of said requests. Borrower(s) agree(s) to assume all costs including, by way of illustration and not limitation, actual expense, legal fees and marketing losses for failing to comply with correction requests in the above-noted time period.
The undersigned borrower(s) do hereby so agree and covenant to order to assure that this loan documentation executed this date will conform and be acceptable in the marketplace in the instance of transfer, sale, or conveyance by Lender of its interest in and to said loan documentation, and to assure marketable title in the said borrower(s).
DATE effective this 17th day of July, 2003.
Type Name:
Sign Name: