Quality of Application. The proposal should present a technically sound approach to addressing issues or needs relevant to the SA program in a realistic manner. The grant application’s approach should also be evaluated in terms of appropriateness in the cultural context and geographic area. The evaluation of the Quality of the Application is divided in five sub-categories: Quality of the Project Design, Relevance, Feasibility, Impact and Sustainability.
Quality of Application. Buyer understands that the mortgage application must be fully completed (and updated, if required) in good faith and agrees to execute truthfully and furnish all documents necessary to complete the processing of the mortgage application, including but not limited to verification of employment, income and deposits, as well as furnishing all required financial statements, federal income tax returns and credit references. Failure to do so may, at Seller’s option, constitute a default and Seller may terminate this Agreement and retain, without further notice or liability to Buyer, Buyer’s deposit, including all deposits and prepayments for options. If Buyer has a spouse who has not signed this Agreement, Buyer agrees to have his/her spouse sign the mortgage and any other loan documents required by lender. BUYER AGREES TO INCUR NO DEBT SUBSEQUENT TO THE DATE HEREOF WHICH MIGHT JEOPARDIZE APPROVAL OF BUYER’S LOAN. If the Property is being purchased by a corporation, partnership, or other organization, Buyer agrees to (i) obtain any personal endorsements or guarantees required by the Lender and (ii) provide to the Lender and/or the title insurer promptly upon request such certificates, resolutions or other corporate, partnership or other organizational documents as may be required.
