Lender Financing. If Purchaser’s obligations are contingent upon receiving lender financing, Purchaser shall make a complete written application and pay any required Lender costs within the time specified in Section IV. Contingencies. Purchaser shall use best efforts to obtain loan approval meeting the terms of Purchaser’s application, or terms more favorable to Purchaser. Loan approval meeting the terms of Purchaser’s application, or terms more favorable to Purchaser shall be accepted by Purchaser. Lender may require inspections and or work to be performed as a condition of loan approval, however Seller shall not be required to pay any part thereof. Purchaser acknowledges hereby that the minimum purchase price offered must be no less than the appraised value of the Property as determined by the appraisal obtained by Seller prior to the Property being announced for sale. If the appraised value of the Property obtained for purposes of financing is less than the Purchase Price and obtaining financing depends upon the appraised value of the Property, Seller shall not be required to lower the sale price for the real property.
Appears in 5 contracts
Samples: Estate Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement
