Common use of BORROWER’S PROMISES Clause in Contracts

BORROWER’S PROMISES. A. The Borrower will complete all repairs required by Section I. A. of this Repair Rider so that the Property meets the property standards required by the Secretary as determined by a HUD approved inspector. B. Borrower shall cause work to begin on , 19 . Borrower shall have work completed by , 19 . Work is to be performed with reasonable diligence. Should Borrower fail to comply with these terms, until all repair work is satisfactorily completed Borrower shall not request and Lender shall not make any further payments under the Loan Agreement except for payment of repairs required by Section I.A. of this Repair Rider and Loan Advances required under Section 4.5 of the Loan Agreement. C. Borrower will cause all improvements to be made in a workmanlike manner and in accordance with all applicable statutes and regulations. All licenses, permits and privileges required by local governmental authorities to rehabilitate the property will be obtained by the Borrower(s) or his/her contractor. D. Borrower will furnish such records, contracts, bills and other documents relating to the Property and improvements as the Lender or the Secretary may require. E. Without prior written consent of Lender, no materials, equipment, fixtures or any part of improvements financed with this loan shall be purchased or installed subject to conditional sales contracts, security agreements, lease agreements or other arrangements whereby title is retained or the right is reserved or accrues to anyone to remove or repossess any item, or to consider it as personal property.

BORROWER’S PROMISES. A. The Borrower will complete all repairs required by Section I. A. Section I.A. of this Repair Rider so that the Property meets the property standards required by the Secretary as determined by a HUD HUD-approved inspector. B. Borrower shall cause work to begin on , 19 . Borrower shall have work completed by , 19 . Work is to be performed with reasonable diligence. Should Borrower fail to comply with these terms, until all repair work is satisfactorily completed Borrower shall not request and Lender shall not make any further payments under the Loan Agreement except for payment of repairs required by Section I.A. of this Repair Rider and Loan Advances required under Section 4.5 4.5. of the Loan Agreement. C. Borrower will cause all improvements to be made in a workmanlike manner and in accordance with all applicable statutes and regulations. All licenses, permits and privileges required by local governmental authorities to rehabilitate the property Property will be obtained by the Borrower(s) or his/her contractor. D. Borrower will furnish such records, contracts, bills and other documents relating to the Property and improvements as the Lender or the Secretary may require. E. Without prior written consent of Lender, no materials, equipment, fixtures fixtures, or any part of improvements financed with this loan shall be purchased or installed subject to conditional sales contracts, security agreements, lease agreements or other arrangements whereby title is retained or the right is reserved or accrues to anyone to remove or repossess any item, or to consider it as personal property.

BORROWER’S PROMISES. A. The Borrower will complete all repairs required by Section I. A. Section I.A of this Repair Rider so that the Property meets the property standards required by the Secretary as determined by a HUD approved inspectoran inspector or other qualified individual acceptable to the Secretary. B. Borrower shall cause work to begin on , 19 20 . Borrower shall have work completed by , 19 20 . Work is to be performed with reasonable diligence. Should Borrower fail to comply with these terms, until all repair work is satisfactorily completed Borrower shall not request and Lender shall not make any further payments under the Loan Agreement except for payment of repairs required by Section I.A. I.A of this Repair Rider and Loan Advances required under Section 4.5 4.6 of the Loan Agreement. C. Borrower will cause all improvements to be made in a workmanlike manner and in accordance with all applicable statutes and statutes, regulations, or other requirements. All licenses, permits permits, and privileges required by local governmental authorities to rehabilitate the property will be obtained by the Borrower(s) or his/her their contractor. D. Borrower will furnish such records, contracts, bills bills, and other documents relating to the Property and improvements as the Lender or the Secretary may require. E. Without prior written consent of Lender, no materials, equipment, fixtures fixtures, or any part of improvements financed with this loan shall be purchased or installed subject to conditional sales contracts, security agreements, lease agreements agreements, or other arrangements whereby title is retained or the right is reserved or accrues to anyone to remove or repossess any item, or to consider it as personal property. F. Notwithstanding anything to the contrary herein, the Borrower’s successors and assigns will be bound to perform Borrower’s obligations under this Repair Rider. G. Third-Party Beneficiary. Except as set forth in Article 4 and Section 3.3. of the Loan Agreement for the Secretary and except for Section 3.2 of the Loan Agreement only for an Eligible Non-Borrowing Spouse, this Repair Rider does not and is not intended to confer any rights or remedies upon any person other than the undersigned parties. Xxxxxxxx agrees that they are not a third-party beneficiary to the Contract of Insurance between Secretary and Xxxxxx.

BORROWER’S PROMISES. A. The Borrower will complete all repairs required by Section I. A. Section I.A. of this Repair Rider so that the Property meets the property standards required by the Secretary as determined by a HUD approved inspector. B. Borrower shall cause work to begin on , 19 . Borrower shall have work completed by , 19 . Work is to be performed with reasonable diligence. Should Borrower fail to comply with these terms, until all repair work is satisfactorily completed Borrower shall not request and Lender shall not make any further payments under the Loan Agreement except for payment of repairs required by Section I.A. of this Repair Rider and Loan Advances required under Section 4.5 of the Loan Agreement. C. Borrower will cause all improvements to be made in a workmanlike manner and in accordance with all applicable statutes and regulations. All licenseslicences, permits and privileges required by local governmental authorities to rehabilitate the property will be obtained by the Borrower(s) or his/her contractor. D. Borrower will furnish such records, contracts, bills and other documents relating to the Property and improvements as the Lender or the Secretary may require. E. Without prior written consent of Lender, no materials, equipment, fixtures or any part of improvements financed with this loan shall be purchased or installed subject to conditional sales contracts, security agreements, lease agreements or other arrangements whereby title is retained or the right is reserved or accrues to anyone to remove or repossess any item, or to consider it as personal property.

BORROWER’S PROMISES. A. The Borrower will complete all repairs required by Section I. A. Section I.A of this Repair Rider so that the Property meets the property standards required by the Secretary as determined by a HUD approved inspectoran inspector or other qualified individual acceptable to the Secretary. B. Borrower shall cause work to begin on , 19 20 . Borrower shall have work completed by , 19 20 . Work is to be performed with reasonable diligence. Should Borrower fail to comply with these terms, until all repair work is satisfactorily completed Borrower shall not request and Lender shall not make any further payments under the Loan Agreement except for payment of repairs required by Section I.A. I.A of this Repair Rider and Loan Advances required under Section 4.5 4.6 of the Loan Agreement. C. Borrower will cause all improvements to be made in a workmanlike manner and in accordance with all applicable statutes and statutes, regulations, or other requirements. All licenses, permits permits, and privileges required by local governmental authorities to rehabilitate the property will be obtained by the Borrower(s) or his/her their contractor. D. Borrower will furnish such records, contracts, bills bills, and other documents relating to the Property and improvements as the Lender or the Secretary may require. E. Without prior written consent of Lender, no materials, equipment, fixtures fixtures, or any part of improvements financed with this loan shall be purchased or installed subject to conditional sales contracts, security agreements, lease agreements agreements, or other arrangements whereby title is retained or the right is reserved or accrues to anyone to remove or repossess any item, or to consider it as personal property. F. Notwithstanding anything to the contrary herein, the Borrower’s successors and assigns will be bound to perform Borrower’s obligations under this Repair Rider. G. Except as set forth in Article 5 and Section 4.3 of the Loan Agreement for the Secretary and except as set forth in Section 4.2 of the Loan Agreement only for an Eligible Non- Borrowing Spouse, this Repair Rider does not and is not intended to confer any rights or remedies upon any person other than the undersigned parties. Xxxxxxxx agrees that they are not a third-party beneficiary to the Contract of Insurance between the Secretary and Xxxxxx.