Examples of Building Loan Agreement in a sentence
Funds for construction or substantial rehabilitation are identified in the Building Loan Agreement and/or Construction Contract.
This Security Instrument secures unpaid balances of obligatory loan advances to be made by Lender to Borrower pursuant to the terms and provision of the Building Loan Agreement, the terms and provisions of which are incorporated herein as if fully rewritten.
Said Building Loan Agreement obligates Lender to advance to Borrower certain sums under definite and certain conditions, in a particular manner and at the times set forth therein, the total outstanding principal indebtedness of which, at any one time, is not to exceed ____________________________ and 00/100 Dollars ($________).
The Building Loan Agreement may be inspected by interested persons at the offices of the Lender.
This covenant shall be terminated upon the completion of the Improvements to the satisfaction of Lender and the making of the final advance as provided in the Building Loan Agreement.