Common use of ELECTED Clause in Contracts

ELECTED. A) This sale is contingent upon Buyer obtaining mortgage financing according to the following terms: First Mortgage on the Property Loan Amount $ 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 exceed % Mortgage lender Luzerne Bank exceed % Mortgage lender Interest rate 2.000 %; however,Buyer agrees to accept the interest rate as may be committed by the mortgage lender,not 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 % (0% if not specified) of the mortgage loan. 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 Buyer's mortgage applica- 112 tion(s) according to the terms set forth above, Buyer will promptly deliver a copy of the documentation to Seller, but in any case 113 no later than March 8, 2021 .

ELECTED. A) This sale is contingent upon Buyer ▇▇▇▇▇ obtaining mortgage financing according to the following terms: First Mortgage on the Property Loan Amount $ 125,450.00 285,000.00 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 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 Luzerne Huntingdon Bank exceed % Mortgage lender Interest rate 2.000 2.750 %; however,Buyer , ▇▇▇▇▇ agrees to accept the interest rate as may be committed by the mortgage lender,, not Interest rate %; however, ▇▇▇▇▇ agrees to accept the interest rate as may be committed by the mortgage lender, not to exceed a maximum interest rate of 5.000 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- 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 % (0% if not specified) of the mortgage loan. 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 Buyer▇▇▇▇▇'s mortgage applica- 112 tion(s) according to the terms set forth above, Buyer ▇▇▇▇▇ will promptly deliver a copy of the documentation to Seller, but in any case 113 no later than March 8September 28, 2021 .

ELECTED. A) This sale is contingent upon Buyer ▇▇▇▇▇ obtaining mortgage financing according to the following terms: First Mortgage on the Property Loan Amount $ 125,450.00 96.6% of purchase price 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,Buyer , ▇▇▇▇▇ agrees to accept the interest rate as may be committed by the mortgage lender,, not Interest rate %; however, ▇▇▇▇▇ agrees to accept the interest rate as may be committed by the mortgage lender, not to exceed a maximum interest rate of 5.000 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- 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 Buyer▇▇▇▇▇'s mortgage applica- 112 tion(s) according to the terms set forth above, Buyer ▇▇▇▇▇ will promptly deliver a copy of the documentation to Seller, but in any case 113 no later than March 8February 7, 2021 2022 .