HomeMy WebLinkAbout0961 - - - _ . - ~ -
.r_~?. • K ~ '__w ~ _ ' . . ' .
~ ~ f ~ ' TNE PRIfDEt~TlAL it~SII~NCE C0.
- - - ~ - _ ~
- QI A~LiRICA ` t
~ - _ ~ ~1Q11~0A ~[A[ (iTATE IN.Litr[NT Oft1~G ~
. - r. o, sox : »o
CAtos Crovea a General Partnershf `E, ~`°r.:a~ a~:o~~Z~
, p June 25, 1976
~ of the propertr securiag this in~ebtedaes~, be eonaidered as havin~
be~n made in lieu of future obligatcry priaeipal pay~aents to the •
~ _ extent only of ths amount ot such additional payments. ~
:4. Diabursement must be mad• on or before September 1~ 19~6, othesvise
the coa~nitmant may be ceacelled at tha option of Prudpntial without ;
aotice to you end tirithout liability of aay kind upon Prudential. ~
I , L
S. Partnerahip~Agreemeat to ba acceptable to Prudential. ~ t
r
~6. Peraoual 2iability of each partaer to be limited to their parinership j
interest. A. J. Bzackins~ hu~band of Helen N. Braekins. Pe,rtner~ to
eo-aign the no~e for personal liability o! the partnerahip intereat
of his s~rife. ~ . . - _ ~ . . - . - . . .
. , ~ _ . - ~ , . • '
7. You are to pay PYUdentisl a servica fee of ~1,000 upoa disbuzaement
- , , of the loan. , . , . , . _ . - . . , . . _
. . _ ~ _ . ~ . - . . . . ' . -
8. T6e ~6,000 coQanitment-standby fes under separate letteT agreement~ ~
aill be retumed to you Without interest if this loan.la disburaed ~
. ~rithin the cammitment period and in accordance With tha teaas of the
; eommi vaent. If the loaa is not disbursed for a~y reasoa sttributable
~ to ot the fault of the applicant~ the cocnrnitmant-stsndby fee shall be ~
i retained by Prudeatial as aa earaed e:c~aitment fee. . . ~
. .
. , _ - - ;
9. Hortgage is to be ~rritten on the cust.omary Prudential fosm~ and ~aill t 3
, inciuda the usual clauses eustomarily insested b~ thia Company in s'
;
~ grove loans. . . . _ . ; ;
. : a
10. Hortgage mu~t eoastitute a valid firat lien aa the security described
in the legal descziption. The Pru~eatial Wil! reqnire a csortgagee
titie poliey, ALTA form~ issued by a titla eompany satiafactory to ~ E
Prudential~ sha~i.ng the titla to be frea and clear of alI lieas 4;
- ahntsoevet. All condttion~ of title and a11 mortga~e loan papers ~ 3
must be antiafsctory? to Prudeatial's LaW Department. -
. .
~ 11. Disburae~seut is condition~d upoa prudential ia its aole disczetioa ~ t
: beiag able to establiah bX acceptabls evidence thaL thara is a i;
minizawa of 401.6 ecres, as to Which ths title is l.nsuraDle~ ~ithout
~ exceptiona~ except t,hose acceptable to prudential~ ia the lan8s ~
s beiag offered es security. s:
~
; 12. You ara to pay all loaa closfng cosis aad expenses~ includin~ taxes,
y impo~e~ aa the Note and mortgage. _ ~ 3
~ ~ ;
F ~ ;
~ - ~ y
~ • -
~ f
~q , ~ .
~E •
~ -
~ : ~54 ~nc~ 96r0 ~
_
t ,
,
~ _ -