Common Contracts
2 similar Rehabilitation Loan Agreement contracts
REHABILITATION LOAN AGREEMENTRehabilitation Loan Agreement • February 16th, 2021
This Agreement, including the provisions below is made this day of 20 between the Borrower and the Mortgagee to establish the conditions under which the Mortgagee will advance the proceeds of a loan to be used to purchase and rehabilitate or refinance and rehabilitate the property described below. The property is located in the County of State of and is described as: [Legal Description] 1. The loan will be in the principal sum of Dollars ($ ) to be advanced by the Mortgagee to the Borrower as provided in this Agreement and will be secured by a mortgage or deed of trust (“Mortgage”), which will be a first lien on the property. 2. Payments required under the mortgage or deed of trust must be made by the Borrower on the date specified, even though the proposed rehabilitation or improvement may not be completed, or the property may not be suitable for occupancy, on the anticipated date. 3. The Mortgagee intends to request the Assistant Secretary for Housing – Federal Housing Commissioner o
REHABILITATION LOAN AGREEMENTRehabilitation Loan Agreement • August 6th, 2015
This Agreement, including the provisions below is made this day of 20 between the Borrower and the Mortgagee to establish the conditions under which the Mortgagee will advance the proceeds of a loan to be used to purchase and rehabilitate or refinance and rehabilitate the property described below. The property is located in the County of State of and is described as: [Legal Description] 1. The loan will be in the principal sum of Dollars ($ ) to be advanced by the Mortgagee to the Borrower as provided in this Agreement and will be secured by a mortgage or deed of trust (“Mortgage”), which will be a first lien on the property. 2. Payments required under the mortgage or deed of trust must be made by the Borrower on the date specified, even though the proposed rehabilitation or improvement may not be completed, or the property may not be suitable for occupancy, on the anticipated date. 3. The Mortgagee intends to request the Assistant Secretary for Housing – Federal Housing Commissioner
