In addition to the application fee, the applicant will remit a security deposit of $1000 with this application. By signing this application the undersigned expressly agrees to rent the unit (if application is approved). If the applicant does not cancel this application prior to 5:00 P.M. Cincinnati time on the day following the date of this application, and if applicant is accepted by Landlord but then decides not to move into the premises, this security deposit will be forfeited not as liquidated damages, but as a credit against the total damages incurred by Landlord from the breach of the lease. If the Landlord approves the application and the application is not cancelled within the allowed time, the Lease for the unit is effective and the applicant is fully liable thereunder. If applicant is not approved or if the applicant cancels within the allowed time, the security deposit, but NOT the application fee, shall be returned to applicant. Processing of applicant shall be as timely as possible and the results may be offered via telephone, fax, mail, or voice mail.