Common use of ELECTED Clause in Contracts

ELECTED. 95 (A) This sale is contingent upon Xxxxx obtaining mortgage financing according to the following terms: First Mortgage on the Property Second Mortgage on the Property Loan Amount $ 96.6% of purchase price Minimum Term 30 years Type of mortgage FHA Loan Amount $ Minimum Term years Type of mortgage For conventional loans, the Loan-To-Value (LTV) ratio is not to For conventional loans, the Loan-To-Value (LTV) ratio is not to exceed % exceed % Mortgage lender Mortgage lender Interest rate %; however, Xxxxx agrees to accept the interest rate as may be committed by the mortgage lender, not Interest rate %; however, Xxxxx agrees to accept the interest rate as may be committed by the mortgage lender, not to exceed a maximum interest rate of 3.200 %. to exceed a maximum interest rate of %. Discount points, loan origination, loan placement and other fees charged by the lender as a percentage of the mortgage loan (exclud- Discount points, loan origination, loan placement and other fees charged by the lender as a percentage of the mortgage loan (exclud- ing any mortgage insurance premiums or VA funding fee) not to exceed 4.000 % (0% if not specified) of the mortgage loan. ing any mortgage insurance premiums or VA funding fee) not to exceed % (0% if not specified) of the mortgage loan. 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 (B) Upon receiving documentation demonstrating lender's approval, whether conditional or outright, of Xxxxx's mortgage applica- 112 tion(s) according to the terms set forth above, Xxxxx will promptly deliver a copy of the documentation to Seller, but in any case 113 no later than February 7, 2022 .

ELECTED. 95 91 (A) This sale is contingent upon Xxxxx Buyer obtaining mortgage financing according to the following terms: First Mortgage on the Property Second Mortgage on the Property Loan Amount $ 96.6% of purchase price 496,000.00 Minimum Term 30 years Type of mortgage FHA CONVENTIONAL Loan Amount $ Minimum Term years Type of mortgage For conventional loans, the Loan-To-Value (LTV) ratio is not to exceed 80.000 % Mortgage lender XXXXX Mortgage of Media□ Xxxxxxx Xxxxxxx Interest rate 3.625 %; however, Buyer agrees to accept the interest rate as may be committed by the mortgage lender, not For conventional loans, the Loan-To-Value (LTV) ratio is not to exceed % exceed % Mortgage lender Mortgage lender Interest rate %; however, Xxxxx agrees to accept the interest rate as may be committed by the mortgage lender, not Interest rate %; however, Xxxxx Buyer agrees to accept the interest rate as may be committed by the mortgage lender, not to exceed a maximum interest rate of 3.200 4.000 %. to exceed a maximum interest rate of %. Discount points, loan origination, loan placement and other fees charged by the lender as a percentage of the mortgage loan (exclud- Discount points, loan origination, loan placement and other fees charged by the lender as a percentage of the mortgage loan (exclud- ing any mortgage insurance premiums or VA funding fee) not to exceed 4.000 % (0% if not specified) of the mortgage loan. ing any mortgage insurance premiums or VA funding fee) not to exceed % (0% if not specified) of the mortgage loan. exceed % (0% if not specified) of the mortgage loan. 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 (B) Upon receiving documentation demonstrating lender's approval, whether conditional or outright, of XxxxxBuyer's mortgage applica- 112 108 tion(s) according to the terms set forth above, Xxxxx Buyer will promptly deliver a copy of the documentation to Seller, but in any case 113 109 no later than February 7August 12, 2022 .2019 . 110 1. 111 112 113 114 115 2. 116 117 118 119 120 121 122 124 125 If Seller does not receive a copy of the documentation demonstrating lender's conditional or outright approval of Buyer's xxxx- xxxx application(s) by the date indicated above, Seller may terminate this Agreement by written notice to Buyer. Seller's right to terminate continues until Buyer delivers documentation demonstrating lender's conditional or outright approval of Buyer's mortgage application(s) to Seller. Until Seller terminates this Agreement pursuant to this Paragraph, Buyer must continue to make a good faith effort to obtain mortgage financing. Seller may terminate this Agreement by written notice to Buyer after the date indicated above if the documentation demon- strating lender's conditional or outright approval of Buyer's mortgage application(s):

ELECTED. 95 (A) This sale is contingent upon Xxxxx Buyer obtaining mortgage financing according to the following terms: First Mortgage on the Property Second Mortgage on the Property Loan Amount $ 96.6% of purchase price 125,450.00 Minimum Term 30 years Type of mortgage FHA For conventional loans, the Loan-To-Value (LTV) ratio is not to Second Mortgage on the Property Loan Amount $ Minimum Term years Type of mortgage For conventional loans, the Loan-To-Value (LTV) ratio is not to For conventional loans, the Loan-To-Value (LTV) ratio is not to exceed % exceed % Mortgage lender Luzerne Bank exceed % Mortgage lender Interest rate 2.000 %; however, Xxxxx ,Buyer agrees to accept the interest rate as may be committed by the mortgage lender, not Interest rate %; however, Xxxxx agrees to accept the interest rate as may be committed by the mortgage lender, ,not to exceed a maximum interest rate of 3.200 %. to exceed a maximum interest rate of 5.000 %. Discount points, loan origination, loan placement and other fees charged by the lender as a percentage of the mortgage loan (exclud- Interest rate %; however,Buyer agrees to accept the interest rate as may be committed by the mortgage lender,not to exceed a maximum interest rate of %. Discount points, loan origination, loan placement and other fees charged by the lender as a percentage of the mortgage loan (exclud- ing any mortgage insurance premiums or VA funding fee) not to ing any mortgage insurance premiums or VA funding fee) not to exceed 4.000 % (0% if not specified) of the mortgage loan. ing any mortgage insurance premiums or VA funding fee) not to exceed % (0% if not specified) of the mortgage loan. 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 (B) Upon receiving documentation demonstrating lender's approval, whether conditional or outright, of XxxxxBuyer's mortgage applica- 112 tion(s) according to the terms set forth above, Xxxxx Buyer will promptly deliver a copy of the documentation to Seller, but in any case 113 no later than February 7March 8, 2022 2021 .

ELECTED. 95 (A) This sale is contingent upon Xxxxx obtaining mortgage financing according to the following terms: First Mortgage on the Property Second Mortgage on the Property Loan Amount $ 96.6% of purchase price 285,000.00 Minimum Term 30 years Type of mortgage FHA CONVENTIONAL Loan Amount $ Minimum Term years Type of mortgage For conventional loans, the Loan-To-Value (LTV) ratio is not to For conventional loans, the Loan-To-Value (LTV) ratio is not to exceed % Mortgage lender Huntingdon Bank exceed % Mortgage lender Mortgage lender Interest rate 2.750 %; however, Xxxxx agrees to accept the interest rate as may be committed by the mortgage lender, not Interest rate %; however, Xxxxx agrees to accept the interest rate as may be committed by the mortgage lender, not to exceed a maximum interest rate of 3.200 3.250 %. to exceed a maximum interest rate of %. Discount points, loan origination, loan placement and other fees charged by the lender as a percentage of the mortgage loan (exclud- Discount points, loan origination, loan placement and other fees charged by the lender as a percentage of the mortgage loan (exclud- ing any mortgage insurance premiums or VA funding fee) not to ing any mortgage insurance premiums or VA funding fee) not to exceed 4.000 % (0% if not specified) of the mortgage loan. ing any mortgage insurance premiums or VA funding fee) not to exceed % (0% if not specified) of the mortgage loan. 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 (B) Upon receiving documentation demonstrating lender's approval, whether conditional or outright, of Xxxxx's mortgage applica- 112 tion(s) according to the terms set forth above, Xxxxx will promptly deliver a copy of the documentation to Seller, but in any case 113 no later than February 7September 28, 2022 2021 .