Common use of Mortgage Contingency Clause in Contracts

Mortgage Contingency. Parties agree that this Contract (check one) 🞏 [is] 🞏 [is not] subject to Paragraph 7, Mortgage Contingency. If [is not] is checked, 33 then this paragraph 7 does not apply. This Contract is contingent upon Buyer securing by ("First Commitment Date") a written mortgage 34 commitment for a fixed rate or an adjustable rate mortgage permitted to be made by a U.S. or Illinois savings and loan association, bank, or other authorized financial 35 institution, in the amount of (check one) 🞏 $ OR 🞏 % [percent] of the Purchase Price, the interest rate (or initial interest rate if an adjustable rate 36 mortgage) not to exceed % per year, amortized over years, payable monthly, loan fee not to exceed %, plus appraisal and credit report fee, if any

Mortgage Contingency. Parties agree that this Contract (check one) 🞏 [is] 🞏 [is not] subject to Paragraph 7, Mortgage Contingency. If [is not] is checked, 323 3 then this paragrapParagraph h 7 does not apply. This Contract is contingent upon Buyer securing by ("First Commitment Date") a written mortgage 324 4 commitment for a fixed rate or an adjustable rate mortgage permitted to be made by a U.S. or Illinois savings and loan association, bank, or other authorized financial 325 5 institution, in the amount of (check one) 🞏 $ OR 🞏 % [percent] of the Purchase Price, the interest rate (or initial interest rate if an adjustable rate26 36 mortgage) not to exceed % per year, amortized over years, payable monthly, loan fee not to exceed %, plus appraisal and credit report fee, if any

Mortgage Contingency. Parties agree that this Contract (check one) 🞏 [is] 🞏 [is not] subject to Paragraph 7, Mortgage Contingency. If [is not] is checked, 336 3 then this paragraph 7 does not apply. This Contract is contingent upon Buyer securing by ("First Commitment Date") a written mortgage 337 4 commitment for a fixed rate or an adjustable rate mortgage permitted to be made by a U.S. or Illinois savings and loan association, bank, or other authorized financial 338 5 institution, in the amount of (check one) 🞏 $ OR 🞏 % [percent] of the Purchase Price, the interest rate (or initial interest rate if an adjustable rate39 36 mortgage) not to exceed % per year, amortized over years, payable monthly, loan fee not to exceed %, plus appraisal and credit report fee, if any

Mortgage Contingency. Parties agree that this Contract (check one) 🞏o [is] �o � [is not] subject to Paragraph 7, Mortgage Contingency. If [is not] is checked, 336 3 then this paragraph 7 does not apply. This Contract is contingent upon Buyer securing by ("First Commitment Date") a written mortgage 337 4 commitment for a fixed rate or an adjustable rate mortgage permitted to be made by a U.S. or Illinois savings and loan association, bank, or other authorized financial 338 5 institution, in the amount of (check one) o 🞏 $ ORo 🞏 % [percent] of the Purchase Price, the interest rate (or initial interest rate if an adjustable rate39 36 mortgage) not to exceed % per year, amortized over years, payable monthly, loan fee not to exceed %, plus appraisal and credit report fee, if any

Mortgage Contingency. Parties agree that this Contract (check one) 🞏o [is] �o � [is not] subject to Paragraph 7, Mortgage Contingency. If [is not] is checked, 33 then this paragraph 7 does not apply. This Contract is contingent upon Buyer securing by ("First Commitment Date") a written mortgage 34 commitment for a fixed rate or an adjustable rate mortgage permitted to be made by a U.S. or Illinois savings and loan association, bank, or other authorized financial 35 institution, in the amount of (check one) o 🞏 $ ORo 🞏 % [percent] of the Purchase Price, the interest rate (or initial interest rate if an adjustable rate 36 mortgage) not to exceed % per year, amortized over years, payable monthly, loan fee not to exceed %, plus appraisal and credit report fee, if any

Mortgage Contingency. Parties agree that this Contract (check one) 🞏o [is] �o � [is not] subject to Paragraph 7, Mortgage Contingency. If [is not] is checked, 323 3 then this paragrapParagraph h 7 does not apply. This Contract is contingent upon Buyer securing by ("First Commitment Date") a written mortgage 324 4 commitment for a fixed rate or an adjustable rate mortgage permitted to be made by a U.S. or Illinois savings and loan association, bank, or other authorized financial 325 5 institution, in the amount of (check one) o 🞏 $ ORo 🞏 % [percent] of the Purchase Price, the interest rate (or initial interest rate if an adjustable rate26 36 mortgage) not to exceed % per year, amortized over years, payable monthly, loan fee not to exceed %, plus appraisal and credit report fee, if any