Common use of Seller Financing Clause in Contracts

Seller Financing. Buyer will execute a □ first □ second purchase money note and mortgage to 71 Seller in the amount of $ , bearing annual interest at % and payable as follows: 73 The mortgage, note, and any security agreement will be in a form acceptable to Seller and will follow 74 forms generally accepted in the county where the Property is located; will provide for a late payment fee 75 and acceleration at the mortgagee’s option if Buyer defaults; will give Buyer the right to prepay without 76 penalty all or part of the principal at any time(s) with interest only to date of payment; will be due on 77 conveyance or sale; will provide for release of contiguous parcels, if applicable; and will require Buyer to 78 keep liability insurance on the Property, with Seller as additional named insured. Buyer authorizes Seller 79 to obtain credit, employment, and other necessary information to determine creditworthiness for the 80 financing. Seller will, within 10 days after Effective Date, give Buyer written notice of whether or not Seller 81 will make the loan.

Seller Financing. Buyer Xxxxx will execute a □ first □ second purchase money note and mortgage to 71 67 Seller in the amount of $ , bearing annual interest at % and payable as 68 follows: 73 69 The mortgage, note, and any security agreement will be in a form acceptable to Seller and will follow 74 70 forms generally accepted in the county where the Property is located; will provide for a late payment fee 75 71 and acceleration at the mortgagee’s 's option if Buyer defaults; will give Buyer the right to prepay without 76 72 penalty all or part of the principal at any time(s) with interest only to date of payment; will be due on 77 73 conveyance or sale; will provide for release of contiguous parcels, if applicable; and will require Buyer to 78 74 keep liability insurance on the Property, with Seller as additional named insured. Buyer authorizes Seller 79 75 to obtain credit, employment, and other necessary information to determine creditworthiness for the 80 76 financing. Seller will, within 10 days after Effective Date, give Buyer written notice of whether or not 77 Seller 81 will make the loan.

Seller Financing. Buyer Xxxxx will execute a □ 🞎 first □ 🞎 second purchase money note and mortgage to 71 Seller in the amount of $ , bearing annual interest at % and payable as follows: 73 The mortgage, note, and any security agreement will be in a form acceptable to Seller and will follow 74 forms generally accepted in the county where the Property is located; will provide for a late payment fee 75 and acceleration at the mortgagee’s option if Buyer defaults; will give Buyer the right to prepay without 76 penalty all or part of the principal at any time(s) with interest only to date of payment; will be due on 77 conveyance or sale; will provide for release of contiguous parcels, if applicable; and will require Buyer to 78 keep liability insurance on the Property, with Seller as additional named insured. Buyer authorizes Seller 79 to obtain credit, employment, and other necessary information to determine creditworthiness for the 80 financing. Seller will, within 10 days after Effective Date, give Buyer written notice of whether or not Seller 81 will make the loan.

Seller Financing. Buyer will execute a □ 🞎 first □ 🞎 second purchase money note and mortgage to 71 Seller in the amount of $ , bearing annual interest at % and payable as follows: 73 The mortgage, note, and any security agreement will be in a form acceptable to Seller and will follow 74 forms generally accepted in the county where the Property is located; will provide for a late payment fee 75 and acceleration at the mortgagee’s option if Buyer defaults; will give Buyer the right to prepay without 76 penalty all or part of the principal at any time(s) with interest only to date of payment; will be due on 77 conveyance or sale; will provide for release of contiguous parcels, if applicable; and will require Buyer to 78 keep liability insurance on the Property, with Seller as additional named insured. Buyer authorizes Seller 79 to obtain credit, employment, and other necessary information to determine creditworthiness for the 80 financing. Seller will, within 10 days after Effective Date, give Buyer written notice of whether or not Seller 81 will make the loan.

Seller Financing. Buyer will execute a □ first □ second purchase money note and mortgage to 71 □ □ 67 Seller in the amount of $ , bearing annual interest at % and payable as 68 follows: 73 69 The mortgage, note, and any security agreement will be in a form acceptable to Seller and will follow 74 70 forms generally accepted in the county where the Property is located; will provide for a late payment fee 75 71 and acceleration at the mortgagee’s option if Buyer defaults; will give Buyer the right to prepay without 76 72 penalty all or part of the principal at any time(s) with interest only to date of payment; will be due on 77 73 conveyance or sale; will provide for release of contiguous parcels, if applicable; and will require Buyer to 78 74 keep liability insurance on the Property, with Seller as additional named insured. Buyer authorizes Seller 79 75 to obtain credit, employment, and other necessary information to determine creditworthiness for the 80 76 financing. Seller will, within 10 days after Effective Date, give Buyer written notice of whether or not 77 Seller 81 will make the loan.

Seller Financing. Buyer will execute a □  first □  second purchase money note and mortgage to 71 Seller in the amount of $ , bearing annual interest at % and payable as follows: 73 The mortgage, note, and any security agreement will be in a form acceptable to Seller and will follow 74 forms generally accepted in the county where the Property is located; will provide for a late payment fee 75 and acceleration at the mortgagee’s option if Buyer defaults; will give Buyer the right to prepay without 76 penalty all or part of the principal at any time(s) with interest only to date of payment; will be due on 77 conveyance or sale; will provide for release of contiguous parcels, if applicable; and will require Buyer to 78 keep liability insurance on the Property, with Seller as additional named insured. Buyer authorizes Seller 79 to obtain credit, employment, and other necessary information to determine creditworthiness for the 80 financing. Seller will, within 10 days after Effective Date, give Buyer written notice of whether or not Seller 81 will make the loan.

Seller Financing. Buyer Xxxxx will execute a □ first □ second purchase money note and mortgage to 71 Seller in the amount of $ , bearing annual interest at % and payable as follows: 73 The mortgage, note, and any security agreement will be in a form acceptable to Seller and will follow 74 forms generally accepted in the county where the Property is located; will provide for a late payment fee 75 and acceleration at the mortgagee’s option if Buyer defaults; will give Buyer the right to prepay without 76 penalty all or part of the principal at any time(s) with interest only to date of payment; will be due on 77 conveyance or sale; will provide for release of contiguous parcels, if applicable; and will require Buyer to 78 keep liability insurance on the Property, with Seller as additional named insured. Buyer authorizes Seller 79 to obtain credit, employment, and other necessary information to determine creditworthiness for the 80 financing. Seller will, within 10 days after Effective Date, give Buyer written notice of whether or not Seller 81 will make the loan.

Seller Financing. Buyer will execute a □ first □ second purchase money note and mortgage to 71 Seller in the amount of $ , bearing annual interest at _% and payable as follows: 73 The mortgage, note, and any security agreement will be in a form acceptable to Seller and will follow 74 forms generally accepted in the county where the Property is located; will provide for a late payment fee 75 and acceleration at the mortgagee’s option if Buyer defaults; will give Buyer the right to prepay without 76 penalty all or part of the principal at any time(s) with interest only to date of payment; will be due on 77 conveyance or sale; will provide for release of contiguous parcels, if applicable; and will require Buyer to 78 keep liability insurance on the Property, with Seller as additional named insured. Buyer authorizes Seller 79 to obtain credit, employment, and other necessary information to determine creditworthiness for the 80 financing. Seller will, within 10 days after Effective Date, give Buyer written notice of whether or not Seller 81 will make the loan.

Seller Financing. Buyer Xxxxx will execute a □  first □  second purchase money note and mortgage to 71 67 Seller in the amount of $ , bearing annual interest at % and payable as 68 follows: 73 69 The mortgage, note, and any security agreement will be in a form acceptable to Seller and will follow 74 70 forms generally accepted in the county where the Property is located; will provide for a late payment fee 75 71 and acceleration at the mortgagee’s option if Buyer defaults; will give Buyer the right to prepay without 76 72 penalty all or part of the principal at any time(s) with interest only to date of payment; will be due on 77 73 conveyance or sale; will provide for release of contiguous parcels, if applicable; and will require Buyer to 78 74 keep liability insurance on the Property, with Seller as additional named insured. Buyer authorizes Seller 79 75 to obtain credit, employment, and other necessary information to determine creditworthiness for the 80 76 financing. Seller will, within 10 days after Effective Date, give Buyer written notice of whether or not 77 Seller 81 will make the loan.

Seller Financing. Buyer Xxxxx will execute a □ first □ second purchase money note and mortgage to 71 Seller in the amount of $ , bearing annual interest at % and payable as follows: 73 72* 74 75 76 77 78 79 80 81 82* The mortgage, note, and any security agreement will be in a form acceptable to Seller and will follow 74 forms generally accepted in the county where the Property is located; will provide for a late payment fee 75 and acceleration at the mortgagee’s 's option if Buyer defaults; will give Buyer the right to prepay without 76 penalty all or part of the principal at any time(s) with interest only to date of payment; will be due on 77 conveyance or sale; will provide for release of contiguous parcels, if applicable; and will require Buyer to 78 keep liability insurance on the Property, with Seller as additional named insured. Buyer authorizes Seller 79 to obtain credit, employment, and other necessary information to determine creditworthiness for the 80 financing. Seller will, within 10 days after Effective Date, give Buyer written notice of whether or not Seller 81 will make the loan.

Seller Financing. Buyer will execute a □ first □ second purchase money note and mortgage to 71 67 Seller in the amount of $ , bearing annual interest at % and payable as 68 follows: 73 69 The mortgage, note, and any security agreement will be in a form acceptable to Seller and will follow 74 70 forms generally accepted in the county where the Property is located; will provide for a late payment fee 75 71 and acceleration at the mortgagee’s 's option if Buyer defaults; will give Buyer the right to prepay without 76 72 penalty all or part of the principal at any time(s) with interest only to date of payment; will be due on 77 73 conveyance or sale; will provide for release of contiguous parcels, if applicable; and will require Buyer to 78 74 keep liability insurance on the Property, with Seller as additional named insured. Buyer authorizes Seller 79 75 to obtain credit, employment, and other necessary information to determine creditworthiness for the 80 76 financing. Seller will, within 10 days after Effective Date, give Buyer written notice of whether or not 77 Seller 81 will make the loan.