Freddie Mac Partial Release Form

Application for Partial Release or Easement

Freddie Mac loan no. Borrower

Property address Borrower address

City, State, Zip City, State, Zip

Part I (Information to be supplied by the Borrower)

The undersigned hereby applies to Freddie Mac for approval of the following in connection with the above Freddie Mac Mortgage secured by the above property (the “Property”). Check one:

Reason for request (Summarize easement or partial release):

Amount of compensation to be received:

Total cash consideration $

Describe noncash consideration:

Amount of deduction $

Describe purpose of deductions:

Future use of the property to be released or subject to the easement, including any restrictions to be placed upon property being released or subject to the easement:

Future use of the remainder of the Property and how Property will be affected by this transaction:

Part II (Borrower Questions)

Would the proposed release or easement cause a breach under the tenant leases?

Yes No

Would the proposed release or easement adversely affect access or utilities?

Yes No

Would the proposed release or easement, if approved, result in a violation of

Any set back, sideline or lot size provisions? Yes No

Any private restrictions? Yes No

Any zoning ordinances or regulations? Yes No

Any density regulations? Yes No

Would this release affect desirability or functional use?

Yes No

Would the proposed release or easement necessitate an easement over the remaining Property for ingress or egress by the holder of the easement?

Yes No

Explanation of any answer above marked “yes:”

Are there any judgments or liens* against the Property (other than the lien of the Freddie Mac Mortgage)? If so, describe:

*For partial releases, Freddie Mac requires a title report dated no more than 45 days prior to this application.

Describe any taxes now due and payable:

Borrower agrees that Freddie Mac may, at its option, apply any of the proceeds from this transaction to taxes, assessments, ground rents, insurance, cost of reconditioning, or restoration, or to such other items as it may deem proper, or to the Borrower's account. Borrower further agrees that any rights or remedies of Freddie Mac under the Mortgage are or shall not be waived, limited or in any way impaired by any action taken on this Application. It is understood that all costs or expenses incurred in connection with the examination and perfection of title, credit investigation and reports, property inspections or Appraisal reports, preparation and recordation of instruments, or other items incident to the consideration of this Application or consummation of the transaction will be paid by the Borrower.

It is further agreed that the Borrower will execute all instruments or papers necessary or required by Freddie Mac in connection with this transaction and will obtain the consent or waiver of any obligor, co-makers, endorsers or guarantors to this Application.

In the event of the withdrawal or rejection of this Application or failure or refusal on the part of the Borrower to execute the necessary instruments or papers upon request, anything contained in this Application or any action taken in conformity with this Application shall not be deemed to constitute a forbearance or extension or prejudice, or to impair or affect Freddie Mac's rights or remedies under the Mortgage.

All statements made in connection with this Application and contained in this Application are made for the purpose of inducing Freddie Mac to grant the request set forth in this Application and are true and complete to the best of the knowledge of and belief of the undersigned Borrower(s):

The undersigned Guarantor(s) hereby consent(s) to the execution of the foregoing Application between the above Borrower and Freddie Mac and further consent(s) to any action taken pursuant to this Application by Freddie Mac and to the consummation of the proposed transaction described in this application.

SIGNATURES OF GUARANTORS