Common use of Denial of Mortgage Clause in Contracts

Denial of Mortgage. If Buyer applies for a mortgage as described above and receives a written denial for such mortgage, then, upon providing a copy of the denial to Seller or Listing Licensee in accordance with Section 18 on or before the Mortgage Contingency Date or extensions, this Agreement shall be declared null and void and Buyer shall have the right to the Deposits in accordance with Section 5 unless Buyer waives the mortgage contingency in writing.

Appears in 2 contracts

Samples: Land Purchase and Sale Agreement, Land Purchase and Sale Agreement

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Denial of Mortgage. If Buyer applies for a mortgage as described above and receives a written denial for such mortgage, then, upon providing delivering a copy of the denial to Seller or Listing Licensee in accordance with Section 18 on or before the Mortgage Contingency Date Deadline or extensions, this Agreement shall be declared null and void and Buyer shall have the right to the Deposits in accordance with Section 5 unless Buyer waives the mortgage contingency in writing.

Appears in 2 contracts

Samples: Sales Contracts, Sales Contract

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Denial of Mortgage. If Buyer applies for a mortgage as described above and receives a written denial for such mortgage, then, upon providing a copy of the denial to Seller or Listing Licensee in accordance with Section 18 25 on or before the Mortgage Contingency Date or extensions, this Agreement shall be declared null and void and Buyer shall have the right to the Deposits in accordance with Section 5 unless Buyer waives the mortgage contingency in writing.

Appears in 2 contracts

Samples: Sales Contracts, Multi Unit Purchase and Sales Agreement

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