MORTGAGE BOND. If the sale is subject to the Purchaser obtaining a mortgage bond as per clause 12 of the terms and conditions: Mortgage bond amount R Institution If not completed, sale is unconditional and clause 12 of the terms and conditions does not apply. Purchaser specifically acknowledges this clause
MORTGAGE BOND. This Agreement is subject to the suspensive condition that a bank grants in writing on its normal terms and conditions a loan or loans secured by a mortgage bond or bonds over the Property for an amount as indicated on Schedule “A” or such lesser amount as the Purchaser may accept by no later than 30 (thirty) days after the Seller has signed this Agreement or such later date as the Seller in his sole discretion may allow. The Purchaser shall ensure that all reasonable steps are taken to enable the loan to be timeously granted. This condition shall be deemed to have been fulfilled on the date upon which the financial institution issues a written loan quotation to the Purchaser on the terms stated therein.
MORTGAGE BOND. 2.1.1 If the Contract reflects a loan in terms of clause 1.6.2 of the Contract of Sale, then the Contract is subject to and conditional upon the Purchaser obtaining a loan in principle for the amount set out in in terms of clause 1.6.2 of the Contract of Sale from a recognized financial institution and the Seller receiving a copy of the written approval of such loan in principle by the aforesaid financial institution within 45 (forty five) days from the Date of Signature of the Contract or within such further period of time that the Seller, entirely in its own discretion, may grant to the Purchaser in writing.
MORTGAGE BOND. 4.1 In the event of the purchaser requiring a mortgage bond for the amount referred to in clause 3.2 above, this condition will be deemed to have been fulfilled upon a financial institution lodging a letter, acceptable to the conveyancers, confirming that a mortgage bond has been granted to the purchaser upon the normal terms and conditions applicable to home loans. It is expressly recorded that a "pledge/pre-bond approval" does not constitute the necessary approval in terms of this agreement.
MORTGAGE BOND. This agreement is subject to the Purchaser obtaining a loan from a bank or other financial institution in the sum specified in Schedule "A" or such lesser amount as may be acceptable to the purchaser, on security of the property within the time specified in Schedule "A", or such extended period of time as may be agreed to by the parties in writing, failing which this agreement shall lapse and be of no further force or effect and the parties shall be returned to the position in which they were prior to the execution hereof. This loan shall be regarded as granted upon the issuing of a quotation and pre-agreement statement by the bank. The Purchaser is obliged to apply for such loan through the services of such mortgage originators as may be nominated by the Seller and/or agent. There is no charge to the Purchaser for the use of such service.
MORTGAGE BOND. This Agreement is subject to the suspensive condition that the Purchaser is granted a loan –
MORTGAGE BOND. The sale is subject to the Purchaser obtaining a mortgage loan as per clause 36: Mortgage Bond Amount: R Institution: If not completed, the sale is unconditional and clause 36 does not apply
MORTGAGE BOND. 7.1 This sale is subject to the suspensive condition that the Purchaser obtains a loan from a bank or other financial institution for the sum stipulated in 7.1 in the Schedule (or such lesser amount as the Purchaser may agree to accept) against the security of a first mortgage bond over the Property by the date stipulated in 7.2 of the Schedule (or such later date as the Developer may in his sole discretion allow in writing). In the event that this condition is not complied with by the aforementioned date, then and in such event this Agreement shall be null and void and have no force or effect, and any performance by either party shall be restored subject to the provisions of Clause 14 hereunder.
MORTGAGE BOND. 16.1 This AGREEMENT is subject to the PURCHASER obtaining a bond in principle from a bank on its usual terms in the amount as specified in Clause 11 of the Annexure "A" if any. In this regard, it is specifically recorded that the PURCHASER shall be obliged to source his/ her/ its bond finance from such mortgage originator appointed by the SELLER in writing. The PURCHASER shall take all steps, do all things and sign all documents required by such originator for the purposes of pursuing any mortgage bond application required in terms hereof. Should the PURCHASER not source his / her bond finance from the mortgage originator appointed by the SELLER, then unless payment of the purchase price by the PURCHASER is made in cash without registration of a mortgage bond, the PURCHASER shall be liable for all costs incidental to the registration of the Mortgage Bond that would have been payable by the SELLER. In such event, the PURCHASER shall pay all bond registration costs within 2 (two) days of request.
MORTGAGE BOND. 6.1. This agreement is subject to the suspensive condition that a bank grant in writing on its normal terms and conditions a loan secured by a mortgage bond over the Property for an amount of not less than R by no later than the day of 20 .
