Common use of Subordinate Financing Clause in Contracts

Subordinate Financing. Subordinate financing must comply with the terms for Community Seconds® mortgages, except that the requirement contained therein for a down payment from the borrower’s own funds shall be governed by Section 6 above (“Minimum Down Payment”) for the particular option.

Subordinate Financing. Subordinate financing must comply with the terms for Community Seconds® Seconds mortgages, except that the requirement contained therein for a down payment from the borrower’s own funds shall be governed by Section 6 8 above (entitled “Minimum Down PaymentBorrower Contribution”) for the particular option.

Subordinate Financing. Subordinate financing must comply with the terms for Community Seconds® mortgages, except that the requirement contained therein for a down payment from the borrower’s own funds shall be governed by Section 6 above (entitled “Minimum Down PaymentBorrower Contribution”) for the particular option.