Common use of Owner of Secondary Financing Clause in Contracts

Owner of Secondary Financing. BUYER shall execute a note (the “Note”) in the amount of $ secured by a (1st, 2nd, etc.) Mortgage / Deed of Trust on the Property, including interest at the rate of % per annum, amortized over years from the date of the Note or upon sale or transfer of the Property.

Owner of Secondary Financing. BUYER shall execute a note (the “Note”) in the amount of $ _ secured by a (1st, 2nd, etc.) Mortgage / Deed of Trust on the Property, including interest at the rate of % per annum, amortized over years from the date of the Note or upon sale or transfer of the Property.

Owner of Secondary Financing. BUYER shall execute a note (the “Note”) in the amount of $ $____________________ secured by a __________ (1st, 2nd, etc.) Mortgage / Deed of Trust on the Property, including interest at the rate of ____% per annum, amortized over _____ years from the date of the Note or upon sale or transfer of the Property.