An application filed by the Enforcement Directorate for search and seizure of property under Section 17 of PMLA is being considered by the magistrate. Which statements regarding Section 17 search are correct? Statement 1: The magistrate can issue a search warrant without recording the reasons for issuing the warrant. Statement 2: A search warrant under Section 17 can be issued without the authority of a magistrate in circumstances where delay may cause evidence to be destroyed. Statement 3: The purpose of search under Section 17 is to seize property suspected to be proceeds of crime and documents related to transactions. Statement 4: A person's right to privacy is absolute and the magistrate cannot authorize searches of residential premises under Section 17. Which statements are correct?