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Additional Information About This Loan <br />LENDER <br />The Bank of Elk River <br />MORTGAGE BROKER <br />NMLS1_ <br />LICENSE ID 495076 / 495076 <br />NMLS1 —LICENSE ID <br />LOAN OFFICER Corey Wemple <br />LOAN OFFICER <br />NMLS1 <br />LICENSE ID 956625 <br />NMLS1 LICENSE ID <br />EMAIL <br />cwemple@thebankofelkriver.com <br />EMAIL <br />PHONE <br />763-274-6$90 <br />PHONE <br />• <br />Use these measures to compare this loan with other loans. <br />In 5 Years <br />$60,283 Total you will have paid in principal, interest, mortgage insurance, and loan costs. <br />$39,002 Principal you will have paid off. <br />Annual Percentage Rate (APR) <br />3.1 69 % Your costs over the loan term expressed as a rate. This is not your interest rate. <br />Total Interest Percentage (TIP) <br />23,273 % The total amount of interest that you will pay over the loan term as a <br />percentage of your loan amount. <br />Appraisal <br />We may order an appraisal to determine the property's value and charge you forthis <br />appraisal. We will promptly give you a copy of any appraisal, even if your loan does not close. <br />You can pay for an additional appraisal for your own use at your own cost. <br />Assumption <br />If you sell ortransferthis property to another person, we <br />❑ will allow, under certain conditions, this person to assume this loan on the original terms. <br />❑x will not allow assumption of this loan on the original terms. <br />Homeowner's <br />This loan requires homeowner's insurance on the property, which you may obtain from a <br />Insurance <br />company of your choice that we find acceptable. <br />Late Payment <br />If your payment is more than 95days late, we will charge a late fee of 5% of the principal and <br />interest overdue. <br />Liability after <br />Taking this loan could end any state law protection you may currently have against liability for <br />Foreclosure <br />unpaid debt if your lender forecloses on your home. If you lose this protection, you may have to pay <br />any debt remaining even after foreclosure. You may want to consult a Iawyerfor more information. <br />Refinance <br />Refinancing this loan will depend on yourfuture financial situation, the property value, and <br />market conditions. You may not be able to refinance this loan. <br />Servicing <br />We intend <br />❑ to service your loan. If so, you will make your payments to us. <br />❑x to transfer servicing of your loan. <br />ReceiptF, Confirm <br />By signing, you are only confirming that you have received this form. You do not have to accept this loan because you have signed or <br />received this form. <br />D—Signed by: <br />f2iIn 1 (w W 7/29/2020 110:53:39 PDT <br />Apff6'P Ignature Date <br />LOAN ESTIMATE • GTRIDLENSJ_S 0720 Page 3 of 3 - LOAN ID # 1012000110 <br />071291202010:31 AM PST GTRIDLEJ (IN I) <br />