Common use of New Loan Clause in Contracts

New Loan. Buyer agrees to apply for a new loan as provided in Section 2.3. Buyer will apply for one or more of the following loans: [ ] CONVENTIONAL [ ] FHA [ ] VA [ ] OTHER (specify) _______. If an FHA/VA loan applies, see attached FHA/VA Loan Addendum. If the loan is to include any particular terms, then check below and give details: [ ]SPECIFIC LOAN TERMS_____________ $______ (c) Loan Assumption (see attached assumption Addendum if applicable) $89,500 (d) Seller Financing (see attached Seller Financing Addendum if applicable) $_____ (e) Other (specify)___________ $10,000 (f) Balance of Purchase Price in Cash at Settlement $100,000 PURCHASE PRICE. Total of lines (a) through (f)

New Loan. Buyer agrees to apply for a new loan as provided in Section 2.3. Buyer will apply for one or more of the following loans: [ ] CONVENTIONAL [ ] FHA [ ] VA [ ] OTHER (specify) OTHER(specify)__________________________. If an FHA/VA loan applies, see attached FHA/VA Loan Addendum. If the loan Loan is to include any particular terms, then check below and give details: . [ ]] SPECIFIC LOAN TERMS_____________ $________________. _____________ (c) Loan Assumption (see attached assumption Addendum Assumption Addendum, if applicable) __ $89,500 89,500.00 (d) Seller Financing (see attached Seller Financing Addendum if applicable) $_____________ (e) Other (specifyOther(specify)_______________________________________ ___$10,000 (f) Balance of Purchase Price in Cash at Settlement $100,000 PURCHASE PRICE. Total of lines (a) through (f)10,000.00

New Loan. Buyer agrees to apply for a new loan as ------------------------ provided in Section 2.32~3. Buyer will apply for one or more of the following loans: [ ] CONVENTIONAL [ ] FHA [ ] VA [ ] OTHER (specify) )_______. _______________________ If an FHA/VA FHAWA loan applies, see attached FHA/VA FHANA Loan Addendum. Addendum If the loan is to include any particular terms, then check below and give details: [ ]] SPECIFIC LOAN TERMSTERMS ________________________ $______ $ 0 (c) Loan Assumption (see attached assumption Assumption Addendum ------------------------ if applicable) $89,500 $ 480,000 (d) Seller Financing (see attached Seller Financing ------------------------ Addendum if applicable) $_____ $ 520,000 (e) Other (specify)___________ $10,000 (f) Balance of Purchase Price in Cash at Settlement $100,000 PURCHASE PRICE. Total of lines (a) through (f)See Addendum #1 ------------------------ ----------------------- $ 0