Common use of Financing or Refinancing Clause in Contracts

Financing or Refinancing. So long as Lessee timely pays their rent and otherwise complies with their obligations under this Lease and no Default has occurred and is continuing under Section 18, below, the Lessees shall have the right to obtain a loan to purchase their Home, or refinance that loan, from a bank, savings and loan, or other institutional mortgage lender and to grant to such lender a mortgage, deed of trust, deed to secure debt or similar instrument encumbering the Home and the Lessee’s Lease of the Home Site as security for such loan.

Financing or Refinancing. So long as Lessee Lessees timely pays pay their rent and otherwise complies comply with their obligations under this Lease and no Default has occurred and is continuing under Section 18, below, the Lessees Lessee shall have the right to obtain a loan to purchase their Home, or refinance that loan, from a bank, savings and loan, or other institutional mortgage lender and to grant to such lender a mortgage, deed of trust, deed to secure debt or similar instrument encumbering the Home and the Lessee’s Lease of the Home Site as security for such loanHome.

Financing or Refinancing. So long as Lessee Lessees’ timely pays pay their rent and otherwise complies comply with their obligations under this Lease and no Default has occurred and is continuing under Section 18, below, the Lessees Lessee shall have the right to obtain a loan to purchase their Home, or refinance that loan, from a bank, savings and loan, or other institutional mortgage lender and to grant to such lender a mortgage, deed of trust, deed to secure debt or similar instrument encumbering the Home and the Lessee’s Lease of the Home Site as security for such loanHome.