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ATTACHMENT 1(b1 <br /> BEFORE COMPLETING A PROGRAM APPLICATION,YOU SHOULD <br /> CAREFULLY REVIEW ANY MORTGAGE AGREEMENT(S) OR OTHER <br /> SECURITY INSTRUMENT(S)WHICH AFFECT THE PROPERTY OR TO <br /> WHICH YOU AS THE PROPERTY OWNER ARE A PARTY. ENTERING <br /> INTO A PROGRAM ASSESSMENT CONTRACT WITHOUT THE CONSENT <br /> OF YOUR EXISTING LENDER(S) COULD CONSTITUTE AN <br /> EVENT OF DEFAULT UNDER SUCH AGREEMENTS OR SECURITY <br /> INSTRUMENTS. DEFAULTING UNDER AN EXISTING MORTGAGE <br /> AGREEMENT OR SECURITY INSTRUMENT COULD HAVE SERIOUS <br /> CONSEQUENCES TO YOU,WHICH COULD INCLUDE THE <br /> ACCELERATION OF THE REPAYMENT OBLIGATIONS DUE UNDER SUCH <br /> AGREEMENT OR SECURITY INSTRUMENT. IN ADDITION, <br /> FANNIE MAE AND FREDDIE MAC, THE OWNER OF A SIGNIFICANT <br /> PORTION OF ALL HOME MORTGAGES, STATED THAT THEY WOULD <br /> NOT PURCHASE HOME LOANS WITH ASSESSMENTS SUCH AS THOSE <br /> OFFERED BY THE AUTHORITY. THIS MAY MEAN THAT PROPERTY <br /> OWNERS WHO SELL OR REFINANCE THEIR PROPERTY MAY BE <br /> REQUIRED TO PREPAY SUCH ASSESSMENTS AT THE TIME THEY <br /> CLOSE THEIR SALE OR REFINANCING. <br /> I/We have read the above statement. All property owners on title must initial below: <br /> Initials Date Initials Date <br /> Initials Date Initials Date <br /> Agreement For Collaborative Services for Pace Financing Marketplace—[PACE Provider] <br />