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2706.ARM
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1991-06-27
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770b
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26 lines
/* Para. 2706: New mortgage contingency */
This offer is conditioned upon BUYER obtaining loan approval
at least 30 days prior to closing of this transaction, of a
mortgage loan as follows:
Principal amount: $ @196 (!196 Dollars)
Loan term: @197 months
Maximum interest rate as APR under regulation Z: @198 percent
Maximum points to be paid by BUYER: @199
Maximum application fee: @400
BUYER shall make a mortgage loan application within 3 working
days of the acceptance of this offer, and should the BUYER's loan
application be denied, the BUYER shall have the option, within 2
business days to rescind this transaction. If BUYER elects to
rescind the transaction, BUYER shall receive any deposits made
from SELLER.