Common use of Purchase Money Mortgage Clause in Contracts

Purchase Money Mortgage. If any of the debt secured by this Security Instrument is lent to Borrower to acquire title to the Property, this Security Instrument shall be a purchase money mortgage.

Appears in 5 contracts

Samples: Mortgage, Open End Mortgage, Mortgage

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Purchase Money Mortgage. If any of the debt secured by this Security Instrument is lent to Borrower to acquire title to the Property, this Security Instrument shall will be a purchase money mortgage.

Appears in 3 contracts

Samples: Subordinate Mortgage, Mortgage, Mortgage

Purchase Money Mortgage. If any of the debt secured by this Security Instrument is lent to Borrower to acquire title to the Property, this Security Instrument instrument shall be a purchase money mortgage.

Appears in 2 contracts

Samples: Mortgage (Shepherd's Finance, LLC), Mortgage (Shepherd's Finance, LLC)

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Purchase Money Mortgage. If any all or part of the debt sums secured by this Security Instrument is are lent to Borrower to acquire title to the PropertyPremises, this Security Instrument shall is hereby declared to be a purchase money mortgage.

Appears in 1 contract

Samples: Open End Mortgage, Assignment of Leases and Rents and Security Agreement (Cedar Shopping Centers Inc)

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