Common use of Seller or Private Financing Clause in Contracts

Seller or Private Financing. Buyer agrees to execute a promissory note payable to ______________________- as 1/28 Joint Tenants____________ 1/28 Tenants in Common __________1/28 Other____________________________________, on the note form as indicated: 1/28 (UCCC - No Default Rate) NTD 82-3-95 1/28 (Default Rate) NTD 81-11-83 1/28 Other_____________secured by a _________(1st, 2nd, etc.) deed of trust encumbering the Property, using the form as indicated: 1/28 Strict Due on Sale (TD 72-7-96) 1/28 Credit worthy (TD 73-7-96) 1/28 Assumable ___________ Not Due on Sale (TD 74-7-96) 1/28 Other__________________ Buyer 1/28 Shall 1/28 Shall Not execute and deliver, at Closing, a Security Agreement and UCC-1 Financing Statement granting the holder of the promissory note a _____________(1st, 2nd etc.) lien on the personal property included in this sale. The promissory note shall be amortized on the basis of __________ 1/28 years ________1/28 months, principal and accrued interest shall be due and payable ______ after Closing. Payments 1/28 Shall 1/28 Shall Not be increased by 1/12 of estimated annual real estate taxes, and 1/28 Shall_______1/28 Shall Not___be increased by 1/12 of estimated annual property insurance premium. The loan shall also contain the following terms: if any payment is not received within _______ calendar days after its due date, a late charge of ________% of such monthly payment shall be due. Interest on lender disbursements under the deed of trust shall be ______% per annum. Default interest rate shall be _______% per annum. Buyer may prepay without a penalty except ______________________. Buyer 1/28 Shall ___1/28Shall Not provide a mortgagee's title insurance policy, at Buyer's expense. e. Cash at Closing. All amounts paid by Buyer at Closing including Cash at Closing, plus Buyer's closing costs, shall be in funds which comply with all applicable Colorado laws, which include cash, electronic transfer funds, certified check, savings and loan teller's check and cashier's check (Good Funds).

Seller or Private Financing. Buyer Xxxxx agrees to execute a promissory note payable to ______________________- , as 1/28 o Joint Tenants____________ 1/28 Tenants o Tenants in Common __________1/28 Other____________________________________o Other , on the note form as indicated: 1/28 o (UCCC - No Default Rate) NTD 82-82 3-95 1/28 o (Default Rate) NTD 81-11-83 1/28 Other_____________secured by a o Other _________(1st_ secured by a [lst, 2nd, etc.) ] deed of trust encumbering the Property, using the form as indicated: 1/28 o Strict Due on Due-On-Sale (TD 72-7-96) 1/28 Credit worthy o Creditworthy (TD 73-7-96) 1/28 o Assumable ___________ - Not Due on On Sale (TD 74-7-96) 1/28 Othero Other __________________ . Buyer 1/28 o Shall 1/28 o Shall Not execute and deliver, at Closing, a Security Agreement and UCC-1 Financing Statement granting the holder of the promissory note a _____________(1st[lst, 2nd 2nd, etc.) ] lien on the personal property included in this sale. The promissory note shall be amortized on the basis of _________ o years o months, payable at $_____ 1/28 years per ________1/28 months_ including principal and interest at the rate of _________% per annum. Payments shall commence _________ and shall be due on the _________ day of each succeeding _. If not sooner paid, the balance of principal and accrued interest shall be due and payable ______ after Closing. Payments 1/28 o Shall 1/28 o Shall Not be increased by 1/12 of estimated annual real estate taxes, and 1/28 Shall_______1/28 o Shall Not___be o Shall Not be increased by 1/12 of estimated annual property insurance premium. The loan shall also contain the following terms: if any payment is not received within _______ calendar days after its due date, a late charge of ________% of such monthly payment shall be due. Interest on lender disbursements under the deed of trust shall be _________% per annum. Default interest rate shall be _______% per annum. Buyer may prepay without a penalty except ______________________. Buyer 1/28 o Shall ___1/28Shall o Shall Not provide a mortgagee's title insurance policy, at BuyerXxxxx's expense. e. Cash at Closing. All amounts paid by Buyer at Closing including Cash at Closing, plus Buyer's closing costs, shall be in funds which comply with all applicable Colorado laws, which include cash, electronic transfer funds, certified check, savings and loan teller's check and cashier's check (Good Funds).

Seller or Private Financing. Buyer agrees to execute a promissory note payable to ______________________- to: as 1/28 Joint Tenants____________ 1/28 Tenants Tenants in Common __________1/28 Other____________________________________Other , on the note form as indicated: 1/28 (UCCC - UCCC-No Default Rate) NTD 82-3-95 1/28 (Default Rate) NTD 81-11-83 1/28 Other_____________secured Other secured by a _________(1st, 2nd, etc.) deed of trust encumbering the Property, using the form as indicated: 1/28 Strict Due on Due-On-Sale (TD 72-7-96) 1/28 Credit worthy Creditworthy (TD 73-7-96) 1/28 Assumable ___________ - Not Due on Sale (TD 74-7-96) 1/28 Other__________________ Other . Buyer 1/28 Shall 1/28 Shall Not execute and deliver, at Closing, a Security Agreement and UCC-1 Financing Statement granting the holder of the promissory note a ______________ (1st, 2nd 2nd, etc.) lien on the personal property included in this sale. The promissory note shall be amortized on the basis of _____________ 1/28 years months, payable at $ per including principal and interest at the rate of ________1/28 months% per annum. Payments shall commence and shall be due on the day of each succeeding .. If not sooner paid, the balance of principal and accrued interest shall be due and payable ________________ after Closing. Payments 1/28 Shall 1/28 Shall Not be increased by 1/12 of estimated annual real estate taxes, and 1/28 Shall_______1/28 Shall Not___be Shall Not be increased by 1/12 of estimated annual property insurance premium. The loan shall also contain the following terms: if any payment is not received within _______ calendar days after its due date, a late charge of ________% of such monthly payment shall be due. Interest on lender disbursements under the deed of trust shall be __________% per annum. Default interest rate shall be __________% per annum. Buyer may prepay without a penalty except ______________________. Buyer 1/28 Shall ___1/28Shall Shall Not provide a mortgagee's ’s title insurance policy, at Buyer's Xxxxx’s expense. e. Cash at Closing. All amounts paid by Buyer at Closing including Cash at Closing, plus Buyer's closing costs, shall be in funds which comply with all applicable Colorado laws, which include cash, electronic transfer funds, certified check, savings and loan teller's check and cashier's check (Good Funds).

Seller or Private Financing. Buyer Xxxxx agrees to execute a promissory note payable to to: ______________________- , as 1/28 o Joint Tenants____________ 1/28 Tenants o Tenants in Common __________1/28 Other___________________________o Other _________, on the note form as indicated: 1/28 o (UCCC - No Default Rate) NTD 82-3-95 1/28 o (Default Rate) NTD 81-11-83 1/28 Other_____________secured o Other _________ secured by a _________(1st[lst, 2nd, etc.) ] deed of trust encumbering the Property, using the form as indicated: 1/28 o Strict Due on Due-On-Sale (TD 72-7-96) 1/28 Credit worthy o Creditworthy (TD 73-7-96) 1/28 o Assumable - Not Due On Sale (TD 74-7-96) o Other ___________ Not Due on Sale (TD 74-7-96) 1/28 Other__________________ . Buyer 1/28 o Shall 1/28 o Shall Not execute and deliver, at Closing, a Security Agreement and UCC-1 Financing Statement granting the holder of the promissory note a _____________(1st[lst, 2nd 2nd, etc.) ] lien on the personal property included in this sale. The promissory note shall be amortized on the basis of _________ o years o months, payable at $_____ 1/28 years per ________1/28 months_ including principal and interest at the rate of _________% per annum. Payments shall commence _________ and shall be due on the _________ day of each succeeding _________. If not sooner paid, the balance of principal and accrued interest shall be due and payable _________ after Closing. Payments 1/28 o Shall 1/28 o Shall Not be increased by 1/12 _________ of estimated annual real estate taxes, and 1/28 Shall_______1/28 o Shall Not___be o Shall Not be increased by 1/12 _________ of estimated annual property insurance premium. The loan shall also contain the following terms: if any payment is not received within _________ calendar days after its due date, a late charge of _________% of such monthly payment shall be due. Interest on lender disbursements under the deed of trust shall be _________% per annum. Default interest rate shall be _________% per annum. Buyer may prepay without a penalty except ______________________. Buyer 1/28 o Shall ___1/28Shall o Shall Not provide a mortgagee's title insurance policy, at BuyerXxxxx's expense. e. Cash at Closing. All amounts paid by Buyer at Closing including Cash at Closing, plus Buyer's closing costs, shall be in funds which comply with all applicable Colorado laws, which include cash, electronic transfer funds, certified check, savings and loan teller's check and cashier's check (Good Funds).