64 Buyer will will not have an appraisal 65 2 NEW MORTGAGE Completion of this

64 buyer will will not have an appraisal 65 2 new

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64 Buyer will will not have an appraisal . 65 2. NEW MORTGAGE: Completion of this transaction shall be contingent upon the Buyer's ability to obtain a 66 67 Conventional Insured Conventional FHA VA Other: first 68 mortgage loan for % of purchase price, payable in not less than years, with an 69 original rate of interest not to exceed % per annum and not to exceed points. Buyer 70 shall pay all costs of obtaining financing, except 71 . 72 Any inspections and charges which are required to be made and charged to Buyer or Seller by the lender, 73 FHA, VA, or mortgage insurer, shall be made and charged in accordance with their prevailing rules or 74 regulations and shall supersede any provisions of this Agreement. 75 76 3. ASSUMPTION: ( Attach Financing Addendum) 77 4. CONDITIONAL SALES CONTRACT: (Attach Financing Addendum) 78 5. OTHER METHOD OF PAYMENT: (Attach Financing Addendum) 79 80 F. TIME FOR OBTAINING FINANCING: 81 1. APPLICATION: Within days after the acceptance of this Agreement, Buyer agrees to make written 82 application for any financing necessary, to complete this transaction or for approval to assume the unpaid balance 83 of the existing mortgage and to make a diligent effort to meet the lender's requirements and to obtain financing in 84 cooperation with the Broker and Seller. Buyer directs lender to order appraisal immediately. 85 2. APPROVA L : No more than days after acceptance of this Agreement shall be allowed for obtaining loan 86 approval or mortgage assumption approval. If an approval is not obtained within the time specified above, this 87 Agreement may terminate unless an extension of time for this purpose is mutually agreed to in writing. 88 89 G. CLOSING: 90 1. DATE: The closing of the sale (the "Closing Date") shall be on or before , or 91 within days after , whichever is later or this Agreement 92 shall terminate unless an extension of time is mutually agreed to in writing. Any closing date earlier than the latest 93 date above must be by mutual written agreement of the parties. 94 2. FEE: The settlement or closing fee incurred in conducting the settlement charged by the closing agent or company 95 shall be paid by Buyer (included in allowance, if provided) Seller Shared equally. 96 3. CONTINGENCY: This Agreement: 97 is not contingent upon the closing of another transaction; 98 is contingent upon the closing of the pending transaction on Buyer's property located at 99 scheduled to close by . 100 is contingent upon the acceptance of a Purchase Agreement on Buyer's property: 101 Addendum to Purchase Agreement First Right Contingency. See attached Addendum. 102 Addendum to Purchase Agreement Limited Purchase Contingency Right. See attached Addendum. 103 4. GOOD FUNDS: Notwithstanding terms to the contrary, the Parties agree that as a condition to Closing, all funds 104 delivered to the closing agent's escrow account be in such form that the closing agent shall be able to disburse in 105 compliance with I.C. 27-07-3.7 et. seq. Therefore, all funds from a single source of $10,000, U.S. Dollars, or more shall 106 be wired unconditionally to the closing agent's escrow account and all funds under $10,000, U.S. Dollars, from a single 107 source shall be good funds as so defined by statute. Buyer is advised that the cost incurred to wire funds on behalf of
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  • Fall '19
  • seller, title insurance

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