OPTION FOR BUYER TO OBTAIN LOAN
This option to allow the buyer, ___________________,
to secure a loan covenant shall be made by ______________________ for the
amount of ______________ ($__________) with interest not to exceed ________
percent per annum for the purchase of the following property:
________________________________________________________________.
It is hereby determined that the buyer’s efforts to
secure the loan covenant make up a part of the consideration for this option.
if a loan cannot be processed and obtained any subsequent down payment will be
refunded by _________________________________.
___________________________ ___________________ ________________
Signature Title Date
___________________________ ___________________ ________________
Signature Title Date
