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- If the recommendation is to amortize the loan, and the Client approves,AmerlNat will <br /> prepare necessary loan documents (additional charges will apply). The loan documents <br /> will be forwarded to the Client for borrower and the Client signatures. AmeriNat will <br /> record necessary documents and will begin collecting under the new paymentschedule. <br /> 2. Level Two(Income,Debt, and other Program Requirements): <br /> Includes level one services plus the following: <br /> a. AmeriNat will order credit reports on borrower and will calculate the borrower's debt to <br /> Income ratio to determine if borrower has present capacity to make monthly loan repayments. <br /> b. AmerlNat will receive documentation (established by the Client) to determine that program <br /> requirements have been met,e.g.continued occupancy,Insurance,etc. <br /> c. AmerlNat will forward a re-verification report that includes the status of the borrower's <br /> income, capacity for incurring additional monthly note repayments, and compliance with the <br /> Client's program requirements. <br /> Property Conditions Profile and Affidavit of Owner <br /> 1. Property Conditions Profile: <br /> a. AmeriNat engages a site visit of the owner's property to determine the outer condition of the <br /> dwelling and the condition of detached structures and grounds.Two photos will be taken to <br /> document the condition of the property. NOTE: AmeriNat will not enter upon the owner's <br /> private property. <br /> b. Property profiles rate (good, fair, poor) the condition of the property, and also comment on <br /> the following: roof type, property type,structure color, neighborhood condition,construction <br /> type,environmental hazards,and status of utilities. <br /> c. If the dwelling appears vacant or abandoned, it will be noted in the report. <br /> d. Property profiles may be ordered by the Client for varying frequencies, e.g., once every two <br /> years,once every three years,etc. <br /> 2. Affidavit of Owner: <br /> AmeriNat will forward an instructional letter and Affidavit of Owner to the borrower.The Affidavit <br /> requires the owner to affirm continued compliance with provisions of the promissory note and/or <br /> rehabilitation agreement.Such provisions may include, but are not limited to,the following: <br /> - Continued residence <br /> -- Timely payment of property taxes <br /> - Ongoing hazard and flood insurance coverage <br /> - Timely payment of sums due to superior hen holders <br /> • Proper maintenance of the property <br /> II ., <br /> i I <br />