Common use of Seller or Private Financing Clause in Contracts

Seller or Private Financing. Buyer agrees to execute a promissory note payable to: 116 , as Joint Tenants Tenants in Common Other , on the note form as 117 118 indicated: (UCCC - No Default Rate) NTD 82-3-95 (Default Rate) NTD 81-11-83 119 Other secured by a (lst, 2nd, etc.) deed of trust encumbering the 120 Property, using the form as indicated: Strict Due-On-Sale (TD 72-7-96) Creditworthy (TD 73-7-96) 121 Assumable - Not Due On Sale (TD 74-7-96) Other 122 Buyer Shall Shall Not execute and deliver, at Closing, a Security Agreement and UCC-1 Financing 123 124 125 126 Statement granting the holder of the promissory note a (1st, 2nd, etc.) lien on the personal property included in this sale. The promissory note shall be amortized on the basis of years months, payable at $ per month including principal and interest at the rate of % per annum. Payments shall commence 127 and shall be due on the day of each succeeding month. If not sooner paid, the balance of principal and accrued 128 interest shall be due and payable after Closing. Payments Shall Shall Not be increased by 129 1/12 of estimated annual real estate taxes, and Shall Shall Not be increased by 1/12 of estimated annual property 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 insurance premium. The loan shall also contain the following terms: if any payment is not received within calendar days after its due date, a late charge of % of such monthly payment shall be due. Interest on lender disbursements under the deed of trust shall be % per annum. Default interest rate shall be % per annum. Buyer may prepay without a penalty except . Buyer Shall Shall Not provide a mortgagee’s title insurance policy, at Buyer’s expense.

Seller or Private Financing. Buyer agrees to execute a promissory note payable to: 116 to , 147 as Joint Tenants Tenants in In Common Other , on the note form as 117 118 indicated: (UCCC - No Default Rate) NTD 82-3-95 148 (Default Rate) NTD 81NTD81-1110-83 119 06 Other secured by a 149 (lst1st, 2nd, etc.) deed of trust encumbering the 120 Property, using the form as indicated: 150 Due on Transfer – Strict Due(TD72-On8-Sale (TD 72-7-9610) Due on Transfer – Creditworthy (TD 73TD73-78-9610) 121 Assumable - – Not Due On Sale on 151 Transfer (TD 74TD74-78-9610) Other 122 . 152 The promissory note shall be amortized on the basis of Years Months, payable at $ 153 per including principal and interest at the rate of % per annum. Payments shall commence 154 and shall be due on the day of each succeeding . If not sooner paid, the 155 balance of principal and accrued interest shall be due and payable after Closing. Payments Shall 156 Shall Not be increased by of estimated annual real estate taxes, and Shall Shall Not be increased by 157 of estimated annual property insurance premium. The loan shall also contain the following terms: (1) if any 158 payment is not received within days after its due date, a late charge of % of such payment shall be due; (2) 159 interest on lender disbursements under the deed of trust shall be % per annum; (3) default interest rate shall be 160 % per annum; (4) Buyer may prepay without a penalty except ; and (5) 161 Buyer Shall Shall Not execute and deliver, at Closing, a Security Agreement and UCC-1 Financing 123 124 125 126 Statement granting 162 the holder of the promissory note a (1st, 2nd, etc.) lien on the personal property included in this sale. The promissory note shall be amortized on the basis of years months, payable at $ per month including principal and interest at the rate of % per annum. Payments shall commence 127 and shall be due on the day of each succeeding month. If not sooner paid, the balance of principal and accrued 128 interest shall be due and payable after Closing. Payments Shall Shall Not be increased by 129 1/12 of estimated annual real estate taxes, and Shall Shall Not be increased by 1/12 of estimated annual property 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 insurance premium. The loan shall also contain the following terms: if any payment is not received within calendar days after its due date, a late charge of % of such monthly payment shall be due. Interest on lender disbursements under the deed of trust shall be % per annum. Default interest rate shall be % per annum. Buyer may prepay without a penalty except . Buyer Shall Shall Not provide a mortgagee’s title insurance policy, at Buyer’s expense.. TRANSACTION PROVISIONS 164

Seller or Private Financing. Buyer Xxxxx agrees to execute a promissory note payable to: 116 to , as  Joint Tenants 110  Tenants in In Common  Other , on the note form as 117 118 indicated: (UCCC - No Default Rate) NTD 82-3-95 111  (Default Rate) NTD 81NTD81-1110-83 119 06  Other secured by a (lst1st, 2nd, etc.) deed of trust encumbering 112 the 120 Property, using the form as indicated: 113  Strict Due-On-Sale (TD 72TD72-710-9606)  Creditworthy (TD 73TD73-710-9606) 121  Assumable - – Not Due On Sale (TD 74TD74-710-9606) 114  Other . 115 The promissory note shall be amortized on the basis of  Years  Months, payable at $ per including principal and 116 interest at the rate of % per annum. Payments shall commence and shall be due on the day of each succeeding . If 117 not sooner paid, the balance of principal and accrued interest shall be due and payable after Closing. Payments  Shall  Shall Not 118 be increased by of estimated annual real estate taxes, and  Shall  Shall Not be increased by of estimated 119 annual property insurance premium. The loan shall also contain the following terms: (1) if any payment is not received within calendar days 120 after its due date, a late charge of % of such payment shall be due; (2) interest on lender disbursements under the deed of trust shall be % per 121 annum; (3) default interest rate shall be % per annum; (4) Buyer may prepay without a penalty except ; and (5) Buyer  122 Buyer Shall  Shall Not execute and deliver, at Closing, a Security Agreement and UCC-1 Financing 123 124 125 126 Statement granting the holder of the promissory 123 note a (1st, 2nd, etc.) lien on the personal property included in this sale. The promissory note shall be amortized on the basis of years months, payable at $ per month including principal and interest at the rate of % per annum. Payments shall commence 127 and shall be due on the day of each succeeding month. If not sooner paid, the balance of principal and accrued 128 interest shall be due and payable after Closing. Payments 124 Buyer  Shall Shall Not be increased by 129 1/12 of estimated annual real estate taxes, and Shall Shall Not be increased by 1/12 of estimated annual property 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 insurance premium. The loan shall also contain the following terms: if any payment is not received within calendar days after its due date, a late charge of % of such monthly payment shall be due. Interest on lender disbursements under the deed of trust shall be % per annum. Default interest rate shall be % per annum. Buyer may prepay without a penalty except . Buyer Shall  Shall Not provide a mortgagee’s 's title insurance policy, at Buyer’s Xxxxx's expense.

Seller or Private Financing. Buyer Xxxxx agrees to execute a promissory note payable to: 116 to , as 🞏 Joint Tenants 110 🞏 Tenants in In Common 🞏 Other , on the note form as 117 118 indicated: (UCCC - No Default Rate) NTD 82-3-95 111 🞏 (Default Rate) NTD 81NTD81-1110-83 119 06 🞏 Other secured by a (lst1st, 2nd, etc.) deed of trust encumbering 112 the 120 Property, using the form as indicated: 113 🞏 Strict Due-On-Sale (TD 72TD72-710-9606) 🞏 Creditworthy (TD 73TD73-710-9606) 121 🞏 Assumable - – Not Due On Sale (TD 74TD74-710-9606) 114 🞏 Other . 115 The promissory note shall be amortized on the basis of 🞏 Years 🞏 Months, payable at $ per including principal and 116 interest at the rate of % per annum. Payments shall commence and shall be due on the day of each succeeding . If 117 not sooner paid, the balance of principal and accrued interest shall be due and payable after Closing. Payments 🞏 Shall 🞏 Shall Not 118 be increased by of estimated annual real estate taxes, and 🞏 Shall 🞏 Shall Not be increased by of estimated 119 annual property insurance premium. The loan shall also contain the following terms: (1) if any payment is not received within calendar days 120 after its due date, a late charge of % of such payment shall be due; (2) interest on lender disbursements under the deed of trust shall be % per 121 annum; (3) default interest rate shall be % per annum; (4) Buyer may prepay without a penalty except ; and (5) Buyer 🞏 122 Buyer Shall 🞏 Shall Not execute and deliver, at Closing, a Security Agreement and UCC-1 Financing 123 124 125 126 Statement granting the holder of the promissory 123 note a (1st, 2nd, etc.) lien on the personal property included in this sale. The promissory note shall be amortized on the basis of years months, payable at $ per month including principal and interest at the rate of % per annum. Payments shall commence 127 and shall be due on the day of each succeeding month. If not sooner paid, the balance of principal and accrued 128 interest shall be due and payable after Closing. Payments 124 Buyer 🞏 Shall Shall Not be increased by 129 1/12 of estimated annual real estate taxes, and Shall Shall Not be increased by 1/12 of estimated annual property 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 insurance premium. The loan shall also contain the following terms: if any payment is not received within calendar days after its due date, a late charge of % of such monthly payment shall be due. Interest on lender disbursements under the deed of trust shall be % per annum. Default interest rate shall be % per annum. Buyer may prepay without a penalty except . Buyer Shall 🞏 Shall Not provide a mortgagee’s 's title insurance policy, at Buyer’s Xxxxx's expense.