USDA - Rural Housing Service Position 6 RD-MN 3575-A, Guide 3

Page 1 (Rev. 1/06)

**LENDER'S CERTIFICATION**

Community Program Guaranteed Loans, 3575-A, 3575.63

1\. No changes have been made in the lender\'s loan conditions and
requirements since the issuance

of the Conditional Commitment for Guarantee except those approved in the
interim by the

Agency in writing.

Agree \_\_\_\_\_, or explained:
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

2\. All planned property acquisition has been completed and all
development has been substantially

completed in accordance with plans, specifications, and applicable
building codes. No costs

have exceeded the amounts approved by the lender and the Agency.

Agree \_\_\_\_\_, or explained:
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

3\. Required insurance is in effect.

Agree \_\_\_\_\_, or explained:
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

4\. All equal opportunity and Fair Housing Plan requirements have been
met.

Agree \_\_\_\_\_, or explained:
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

5\. The loan has been properly closed and the required security
instruments have been obtained on

any after-acquired property that cannot be covered initially under State
statutory provisions.

Agree \_\_\_\_\_, or explained:
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

6\. The borrower has marketable title to the collateral then owned by
the borrower, subject to the

instrument securing the loan to be guaranteed and subject to any other
exceptions approved, in

writing, by the Agency.

Agree \_\_\_\_\_, or explained:
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

7\. When required, the entire amount of the loan for working capital has
been disbursed except in

cases where the Agency has approved disbursement over an extended time.

Agree \_\_\_\_\_, or explained:
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

8\. All other requirements of the Conditional Commitment for Guarantee
have been met.

Agree \_\_\_\_\_, or explained:
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

USDA - Rural Housing Service Position 6 MN RD 3575-A, Guide 3

Page 2

9\. Lien priorities are consistent with requirements of the Conditional
Commitment for Guarantee.

Agree \_\_\_\_\_, or explained:
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

10\. The loan proceeds have been disbursed for purposes and in amounts
consistent with the

Conditional Commitment for Guarantee and as specified on the application
for the guaranteed

loan. A copy of a detailed statement by the lender detailing the use of
loan funds will be

attached to support this certification.

Agree \_\_\_\_\_, or explained:
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

11\. There has been no substantive adverse change in the borrower's
financial condition nor any

other adverse change in the borrower during the period of time from the
Agency's issuance of

the Conditional Commitment for Guarantee to issuance of the Loan Note
Guarantee. The

lender's certification must address all adverse changes of the borrower
and the guarantors. For

purposes of this paragraph, the term borrower includes any parent,
affiliate, or subsidiary of the

borrower.

Agree \_\_\_\_\_, or explained:
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

12\. All Federal, State, and local design and construction requirements
have been met.

Agree \_\_\_\_\_, or explained:
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

13\. The lender understands and will meet the requirements of the Debt
Collection Act (chapter 37 of

title 31 of the United States Code).

Agree \_\_\_\_\_, or explained:
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

14\. The lender would not make the loan without an Agency guarantee.

Agree \_\_\_\_\_, or explained:
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

15\. The Borrower has obtained valid, continuos, and adequate
rights-of-way and easements needed

for the construction, operation and maintenance of the facility. A legal
opinion has been

obtained relative to the title to rights-of-way and easements.

Agree \_\_\_\_\_, or explained:
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

USDA - Rural Housing Service Position 6 MN RD 3575-A, Guide 3

Page 3

16\. The Borrower has obtained a title opinion or title insurance
showing ownership of the land and

all mortgages or other lien defects, restrictions or encumbrances, if
any. All required releases,

consents or subordination to such property rights as may be needed for
the construction,

operation and maintenance of the facility and to provide the required
security have been

obtained and recorded.

Agree \_\_\_\_\_, or explained:
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

\_\_\_\_\_\_\_\_\_\_\_
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

Date Signature of Lender

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

Title