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(d) To the knowledge of the undersigned, there is no current or existing event of <br /> default pursuant to the terms of the Agreement or the Regulatory Agreement and <br /> no event exists which by notice or passage of time or both would constitute an <br /> event of default under any of the foregoing documents. <br /> (e) No representation or warranty of the Borrower contained in the Agreement or the <br /> Regulatory Agreement is materially incorrect or inaccurate, except as the <br /> Borrower has set forth in writing, and there has been no event of default under the <br /> terms of any of those documents and which is continuing and no event shall exist <br /> which by notice, passage of time or both would constitute an event of default <br /> under any of those documents. <br /> (f) This statement and all exhibits hereto, including the Disbursement Schedule <br /> attached hereto, shall be conclusive evidence of the facts and statements set forth <br /> herein and shall constitute full warrant, protection and authority to the Trustee for <br /> its actions taken pursuant hereto. <br /> This statement constitutes the approval of the Borrower of the disbursement hereby <br /> requested and authorized. <br /> This day of , 20 . <br /> By: Authorized Borrower Representative <br /> [Name/Title] <br /> Approval of this request for disbursement by FHA Lender does not constitute a representation or <br /> acknowledgement that the proceeds disbursed from the Project Fund will be used for Qualified <br /> Project Costs, which FHA Lender expressly hereby disclaims. <br /> Schedule 1 Attached Hereto is Hereby Approved by <br /> Authorized Lender Representative: <br /> By: <br /> [Name/Title] <br /> F-2 <br />