Common use of Due on Sale Clause Clause in Contracts

Due on Sale Clause. Landlord/Optionor hereby acknowledges that his/her lienholder on the Property may have a "due on sale" clause, as that term is defined by the applicable lien documents. In the event that Landlord/Optionor has any inquiries regarding the scope of said "due on sale" clause, Landlord/Optionor shall contact his/her mortgage lender or mortgage servicer.

Due on Sale Clause. I, as Landlord/Optionor Optionor, hereby acknowledges acknowledge that his/her lienholder lienholders and lenders on the Property may have a "“due on sale" ” clause, as that term is defined by the applicable lien documents, which may affect the acceleration of the maturity of any debt secured by the Property. In the event that I, as Landlord/Optionor has Optionor, have any inquiries regarding the scope of said "“due on sale" ” clause, Landlord/Optionor I shall contact his/her mortgage the lender or mortgage servicerlienholder directly.

Due on Sale Clause. Landlord/Optionor hereby acknowledges that his/her lienholder on the Property may have a "“due on sale" ” clause, as that term is defined by the applicable lien documents. In the event that Landlord/Optionor has any inquiries regarding the scope of said "“due on sale" ” clause, Landlord/Optionor shall contact his/her mortgage lender or mortgage servicer.