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( conducted, at its expense, and require each Eligible Borrower acquiring a two-family structure to participate in, landlord counseling. I) Whenever possible, amortize private mortgage insurance and closing costs over the tenn of the First Mortgage Loan. J) Exclude the Consortium HOME Loan from the debt ratio guidelines for underwriting activity purposes with respect to the related First Mortgage Loan. K) Upon the City's perfonnance of the services contained in Section 3 hereof that must be completed in order to disburse, for each Eligible Borrower, aFirst Mortgage Loan and a Consortium HOME Loan, and upon the execution of all Loan documents and receipt of a fully completed Request for Disbursement, disburse, or cause to be disbursed, the proceeds the First Mortgage Loan of such Eligible Borrower to the title company in accordance with the standard operating procedures of the Participating Bank. SECTION 5. UNDERWRITING GUIDELINES A) Nothing contained herein shall require the Participating Bank to deviate from its normal consumer lending underwriting guidelines for purchase money fIrst mortgage loans, including, but not limited to, reviewing the creditworthiness of any potential Eligible Borrower, appraising the Eligible Property andlor detennining whether to grant or deny a First Mortgage Loan to such party. The Participating Bank agrees that two (2) employees of the Participating Bank shall each independently review the application of each potential Eligible Borrower prior to denying a First Mortgage Loan to such potential Eligible Borrower. All detenninations made by the Participating Bank concernîng whether to grant or deny a First Mortgage Loan shall be fmal and unreviewable by the City or the Consortium. B) The Participating Bank shall have no duty, responsibility or liability to review any loan application of a potential Eligible Borrower andlor grant a First Mortgage Loan to any natural person or persons who does or do not satisfy items 1) through 5), inclusive, of the defInition of an Eligible Borrower. SECTION 6. PROFITS. LOSSES. COSTS AND SERVICING A) The Consortium, the City and the Participating Bank each hereby acknowledges that there shall be no sharing (a) by the Consortium and the City with the Participating Bank and (b) by the Participating Bank with the Consortium and the City of any profIts, losses and costs, (including, but not limited to, costs of collection and attorneys' fees) attributable to each of the Loans referred to herein. The Consortium and the City acknowledges and agrees that all documents evidencing a First Mortgage Loan and executed by an Eligible Borrower shall be written in the name of the Participating Bank, and the Consortium and the City shall have no right, title or interest therein, notwithstanding the provisions of Sections 4(F) and (G). The Participating Bank acknowledges and agrees that all documents evidencing a 6