Examples of Mortgage Loan Agreement in a sentence
You are not required to make any payment in respect of the Total Amount Owing (or any lesser amount permitted under this Reverse Mortgage Loan Agreement) except in the events and within the times set out in the Reverse Mortgage Loan Details (see the Repayments Table).
Subject to the terms of this Reverse Mortgage Loan Agreement, you request us to advance (and we agree to advance) funds to you under the Reverse Mortgage Facility.
If the Reverse Mortgage Loan Details provide that the Cash Reserve is applicable, you can apply to us for additional credit under this Reverse Mortgage Loan Agreement.
If we do approve it there will need to be a written agreement (in the form we provide) signed by both of us varying this Reverse Mortgage Loan Agreement to increase the maximum amount of credit, before you can obtain that credit.
We may change the Annual Percentage Rate (or the margin used to calculate the default rate of interest as specified in the Reverse Mortgage Loan Details) applying under this Reverse Mortgage Loan Agreement at any time.