Forgivable Mortgage Agreement Sample Contracts

TWENTY YEAR FORGIVABLE PURCHASE MONEY ONE HUNDRED EIGHTY DAY REDEMPTION MORTGAGE‌
Forgivable Mortgage Agreement • September 9th, 2020

THIS MORTGAGE, made this day of , 2020, by Black Hills Area Habitat for Humanity, a domestic nonprofit corporation organized under the laws of the State of South Dakota, of 610 E. Omaha Street, Rapid City, County of Pennington, State of South Dakota, hereinafter called "Mortgagor", and the City of Rapid City, 300 Sixth Street, Rapid City, County of Pennington, State of South Dakota, a municipal corporation organized under the laws of the State of South Dakota, hereinafter called "Mortgagee":

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HOUSING DEVELOPMENT FUND GRANT FORGIVABLE MORTGAGE Grant # HDF- -NEP
Forgivable Mortgage Agreement • May 9th, 2022

(the “Debt”) evidenced by a forgivable mortgage note of even date herewith (the “Forgivable Note”). Said Forgivable Note and all of its terms are incorporated herein by reference and this Forgivable Mortgage shall secure any and all extension thereof, however evidenced.

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