Common Contracts
1 similar Construction Loan Disbursement Agreement contracts
CONSTRUCTION LOAN DISBURSEMENT AGREEMENTConstruction Loan Disbursement Agreement • May 24th, 2011
WHEREAS, Lender will make or has made application to Escrowee for issuance of Escrowee’s ALTA mortgage policy insuring the mortgage. When the mortgage, in recordable form, is in Escrowee’s hands, same will be recorded promptly or per instructions. Thereafter, Escrowee will disburse the loan proceeds in accordance with the terms of this Agreement.
