Note/Forgivable Loan - HOME ProgramForgivable Loan Agreement • November 17th, 2020
Contract Type FiledNovember 17th, 2020BORROWER’S PROMISE TO PAY: In return for a loan (LOAN) from______________________________, a municipal corporation organized and existing under the laws of the State of Oklahoma (LENDER), BORROWER promises to pay U. S. ___________________________________________________(this amount is called the principal) to the order of the LENDER. LENDER or anyone who takes this NOTE by transfer and who is entitled to receive payment under this NOTE is called Note Holder. The LOAN evidenced by this NOTE is being made pursuant to the HOME Investment Partnerships Program (HOME Program) administered by the U. S. Department of Housing and Urban Development (HUD) through the Participating Jurisdiction for the State of Oklahoma, the Oklahoma Housing Finance Agency (OHFA).