BOND APPLICATION. (a) Only the SELLER and/or his nominated agents can and will immediately apply for the mortgage bond finance.
(b) The PURCHASER hereby authorizes irrevocably, the SELLER and his nominated agents to lodge such application for finance as well as to sign the necessary documentation on behalf of the PURCHASER.
(c) The PURCHASER undertakes to provide, on request, all information required by the financiers within 10 days from SELLER signature hereof.
(d) In the event that the PURCHASER makes use of a Private banker / Personal Banker, the SELLER will initiate the transaction with the Purchaser’s Financial institution. Thereafter the PURCHASER can communicate with his / her banker directly. Purchaser’s Private Banker details are: Name: …………………………………………….. Tel Nr: …………………………………………….. Email: ……………………………………………..
(e) Should the PURCHASER make use of his own bond originator, not adhere to “d” above or perform the bond application himself / herself, then an amount of R15,000.00 (FIFTEEN THOUSAND RAND) exclusive of Vat will be payable over and above the original purchase price. The above mentioned amount will be payable on or before registration with the SELLERS transferring attorneys or must be added to the original purchase price as per Clause 1.1 on signature of this Agreement.
(f) Contact person: Xxxx Xxx / 083 953 5788 / xxxx@xxxxx.xx.xx
2.2. The PURCHASER confirms that he will be able to afford the monthly repayment of the said loan.
2.3. To comply with the suspensive condition for a mortgage bond, the Final Grant by the financier must be unconditional and lodged with the nominated transferring Attorney.
2.4. The SELLER reserves the right to market the unit up to date of delivery of guarantees or acceptance by the Purchaser of a final grant as contemplated in Clauses 1.1.2.2 & 1.
BOND APPLICATION. Licensee agrees that the County may use the Surety Bond, in whole or in part, to remedy any damage to the License Area caused by Licensee, its Agents or Invitees or any failure by Licensee to perform any term, covenant or condition in this Master License or any Site License (which includes, without limitation, any failure to pay any License Fee or other sums due under this Master License or any Site License either before or after any default). In the event that the County uses the Surety Bond in whole or in part, the County will not be deemed to have waived any rights under this Master License, or legal or equitable rights whatsoever. Licensee expressly waives any rights it may have under California Civil Code § 1950.7 or any similar Laws and agrees that the County may retain from the Surety Bond any portion reasonably necessary to compensate the County for any foreseeable or unforeseeable loss or damage caused by Licensee’s, its Agents’ or Invitee’s acts or omissions.
