and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or
recording of another property.
D. In the event the Buyer fails to produce the aforementioned letter or other
acceptable verification by __________________, 20 ______ this Agreement
may be terminated at the election of Seller with written notice provided to
Buyer within ______ days from the date.
E. Buyer must obtain Seller’s approval, in writing, to any change to the letter
described above regarding the financial institution, type of financing, or
allocation of closing costs.
F. Buyer agrees to pay all fees and satisfy all conditions, in a timely manner,
required by the financial institution for processing the loan application.
G. Buyer agrees the interest rate offered by a lender or the availability of any
financing program is not a contingency of this Agreement, so long as
Buyer qualifies for the financing herein agreed. The availability of any
financing program may change at any time.
H. Any licensed real estate agent hired by either Party is not responsible for
representations or guarantees as to the availability of any loans, project or
property approval or interest rates.
❑ SELLER FINANCING. Seller agrees to provide financing to the Buyer under the
following terms and conditions:
A. Loan Amount $ __________________
B. Down Payment $ __________________
C. Interest Rate (per annum) ______%
D. Term ______ ☐ Months ☐ Years
E. Buyer shall be required to produce documentation, as required by Seller,
verifying Buyer’s ability to purchase according to the Purchase Price and
the terms of the Seller Financing. Therefore, such Seller Financing is
contingent upon Seller’s approval of the requested documentation to be
provided on or before __________________, 20 ______. Seller shall have until
__________________, 20 ______ to approve Buyer's documentation. In the
event Buyer fails to obtain Seller’s approval, this Agreement shall be
terminated with any amounts previously paid under this Agreement