Common use of F INANCING Clause in Contracts

F INANCING. □ New Mortgage. This offer is contingent upon Purchaser obtaining a new □ VA, □ FHA, □ SDHDA, □ Conventional, or□ type of loan. A letter of Purchaser’s loan status from □ is attached or □ will be delivered by (date). Within legal banking days after acceptance of this Agreement, Purchaser will make application for and diligently and in good faith endeavor to secure a new loan, pay all application fees, and to sign all financing documents without delay. Purchaser reserves the right to obtain alternative financing as long as there are no increased costs to Seller. □ Assumption. See attached Addendum. □ Contract for Deed/Private Mortgage. See attached Addendum. □ Cash. This is a cash offer. The remaining balance of $ will be paid at closing by certified check. A letter of verification from regarding the availability of funds □ is attached □will be delivered by (date) or this agreement, at the option of Seller without notice to Purchaser may be voided. INITIALS: PURCHASER / SELLER /

F INANCING. □ New Mortgage. This offer is contingent upon Purchaser obtaining a new □ VA, □ FHA, □ SDHDA, □ Conventional, or□ type of loan. A letter of Purchaser’s loan status from □ is attached or □ will be delivered by (date). Within legal banking days after acceptance of this Agreement, Purchaser will make application for and diligently and in good faith endeavor to secure a new loan, pay all application fees, and to sign all financing documents without delay. Purchaser reserves the right to obtain alternative financing as long as there are no increased costs to Seller. □ Assumption. See attached Addendum. □ Contract for Deed/Private Mortgage. See attached Addendum. □ Cash. This is a cash offer. The remaining balance of $ will be paid at closing by certified check. A letter of verification from regarding the availability of funds □ is attached □will be delivered by (date) or this agreement, at the option of Seller without notice to Purchaser may be voided. INITIALS: PURCHASER / SELLER /.