Common use of Conditions for Loan Becoming Clause in Contracts

Conditions for Loan Becoming. Due Before Maturity Date (i) the date on which the property (or any interest therein) securing this Note (the “Property”) is sold or otherwise transferred; (ii) the date on which the “First Lien Note” is refinanced or paid in full (the “First Lien Note” is a loan made by the first lien lender to me under a first lien note and a security instrument on the Property dated the same date as this Note) [unless waived by the Note Holder in writing]; or (iii) the date on which the First Lien Note becomes due and payable for any reason. [(iv) the date I cease to use the Property as my primary residence.]

Appears in 6 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement

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