1. AUTHORITY TO INSPECT. The owner(s) of the above property hereby authorize the appraisers of Security Bank or its accredited external appraisal companies to do the following activities in connection with the above-stated property(ies):
- Conduct site inspection, actual area measurements and picture - taking for purposes of appraisal.
- Conduct verification and/or requests for certified true copy(ies) of documents related to the above properties from
the appropriate government agencies.
- Conduct verification on payment of realty taxes, association dues (as applicable), etc.
2. I/We hereby willingly, voluntarily, and with full knowledge of my/our right under the law, waive
the right to confidentiality of information and authorize Security Bank ("the Bank") to disclose,
divulge and reveal any such information relating to my/our account, including events of default, for
the purpose of, among others, client evaluation, credit reporting or verification and recovery of the
obligation due and payable to the Bank under the terms and conditions of this agreement. In view
of the foregoing, the Bank may disclose, divulge and reveal the aforementioned information to
third parties, including but not limited to my/our employer/s, the Bank's affiliates, subsidiaries,
agents or service providers, the Banker's Association of the Philippines - Credit Bureau (BAP -
CB) or to any similar central monitoring entity or recipients as provided for by law and required by
I/We further authorize the Bank, as my/our Attorney-in-Fact, to conduct random verification with
the Bureau of Internal Revenue (the "BIR") in order to establish the authenticity of my/our Income
Tax Statements (the "ITR") and the accompanying financial statements/documents submitted to
the Bank in accordance with banking regulatory requirements.
I/We hold the Bank free and harmless from any and all liabilities, claims and demands of
whatever kind or nature in connection with or arising from the aforementioned disclosure or
3. I/We also agree that the appraisal report will be forwarded directly to the Bank for its sole use
4. Any information given by me/us or other persons I/we authorize, which is not true or accurate,
will automatically cause the Bank to reject my/our loan or cancel its approval.
5. In case of disapproval, I/we understand that the Bank is under no obligation to disclose the
reason/s for such disapproval.
6. I/We further certify that the proceeds of the loan, if this application is approved, will be used
solely for the purpose stated in the application.
7. The foregoing shall continue to be in full force and effect until my/our loan obligation with the
Bank has been fully extinguished.
8. Offer and Acceptance of Other Bank Products. I/We hereby authorize the Bank to provide
me/us with a consumer loan or an additional bank product/s (but not limited to auto loan, personal
loan, credit card) at the Bank's sole discretion. My/Our acceptance of the credit card or the
proceeds of any loan released pursuant thereto shall be conclusive proof of my/our
acknowledgement of my/our additional indebtedness to the Bank under the Terms and Conditions
set forth by the Bank and prevailing at the time when the additional loan is approved.