Common use of FINANCING CONDITIONS Clause in Contracts

FINANCING CONDITIONS. This Contract is conditioned upon BUYER obtaining financing within days (30 days if left blank) of the Effective Date as described below and in accordance with the terms of Standard Terms, Paragraph C. BUYER agrees to make loan application within days (5 days if left blank) of the Effective Date. a. BUYER will obtain / assume a loan (the “Loan”) in the principal amount of $ to be amortized in monthly installments over years at an initial rate of % per year, secured by a Mortgage / Deed of Trust on the property or as required by the lender. b. Origination Fees not exceeding % of the Loan shall be paid at closing by . c. Commitment Fees not exceeding % of the Loan shall be paid at closing by . d. Loan Discount Fees not exceeding % of the Loan shall be paid at closing by . e. Mortgage Insurance Premium required by lender not exceeding % of the Loan amount shall be paid at closing by and future premiums, if any, shall be added to the monthly payment. f. Loan Transfer / Call Clause Waiver Fee not exceeding $ shall be paid at closing by

FINANCING CONDITIONS. This Contract is conditioned upon BUYER obtaining financing within days (30 days if left blank) of the Effective Date as described below and in accordance with the terms of Standard Terms, Paragraph C. BUYER agrees to make loan application within days (5 days if left blank) of the Effective Date. a. ❒a. BUYER will obtain ❒obtain / assume ❒assume a loan (the “Loan”) in the principal amount of $ to be amortized in monthly installments over years at an initial rate of % per year, secured by a Mortgage / Deed of Trust on the property or as required by the lender. b. ❒b. Origination Fees not exceeding % of the Loan shall be paid at closing by . c. ❒c. Commitment Fees not exceeding % of the Loan shall be paid at closing by . d. ❒d. Loan Discount Fees not exceeding % of the Loan shall be paid at closing by . e. ❒e. Mortgage Insurance Premium required by lender not exceeding % of the Loan amount shall be paid at closing by and future premiums, if any, shall be added to the monthly payment. f. ❒f. Loan Transfer / Call Clause Waiver Fee not exceeding $ shall be paid at closing by