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3070.ARM
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1991-06-27
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760b
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25 lines
/* Para. 3070: Loan Commitment: Header */
LOAN COMMITMENT
Effective: @100 Expires: @101
Amount: $ @103
@001, described herein as LENDER, agrees that it will lend the
sum of $@103 to @002, described herein as BORROWER, subject to
the following terms and conditions:
1. Delivery of marketable title and title insurance. @002 prior
to closing shall deliver a mortgagee title insurance binder from
a licensed title insurer, acceptable to LENDER, which will
provide for the issuance at closing of a policy providing that
the title is marketable, and free of all liens or charges other
than current taxes and:
@104