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Form #1378

Contract to obtain loan

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Contract to obtain loan

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Contract to obtain loan.

I employ _________ to negotiate and secure a loan of $_____ or such sum as I approve and accept on the following real estate together with the furniture, furnishings, fixtures, equipment and personal property in the buildings on it: _________[description and location].

I agree to pay _________ an amount equal to _________ percent of the loan agreed upon as commission for its services in negotiating, securing and/or procuring the loan, or _________ percent of it as liquidated damages should I refuse to accept the loan negotiated, secured and/or obtained. I agree to pay all costs and expenses incident to the loan, including title insurance, attorney's fees, survey and photograph.

This agreement shall be performed by _________ obtaining a firm commitment in writing from a responsible person, firm or corporation, on or before [Date], to make me the loan on a mortgage on the property; and any such firm commitment addressed by any responsible person, firm or corporation to _________ shall constitute the fulfilment of the performance by _________ and its duties on my behalf under this contract; and the requirements on the part of such responsible person, firm or corporation for the proper preparation of the papers, execution of same and closing of the loan, including the customary requirements of mortgage lenders for closing loans, shall not be considered as qualifying or amending the validity of the meaning of the words "firm commitment."



 
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Terms Of Use

Submissions to this site, including any legal or business forms, posts, responses to questions or other communications by contributors are not intended as and should not be construed as legal advice. You are strongly encouraged to consult competent legal council before engaging in any action based upon content contained on this site.

These downloadable forms are only for personal use. Retransmission, redistribution, or any other commercial use is prohibited. This includes reposting forms from this site to another site offering free legal or other document forms for download.

Please note that the donator may have included different usage terms regarding this form, and you agree to abide by these terms. It is highly recommended that you have a licensed attorney review any legal documents for which you are searching in order to make sure that your needs are being properly and completely satisfied.

Your use of this site constitutes your acceptance of our terms of use and your agreement to hold this site, its officers, employees and any contributors to this site harmless for any damage you might incur from your use of any submissions contained on this site. If you do not agree to the above terms, please do not proceed.

These forms are provided to assist business owners and others in understanding important points to consider in different transactions. They are offered with the understanding that no legal advice, accounting, or other professional service is being offered by these documents or on this website. Laws vary in the different states. Agreements acceptable in one state may not be enforced the same way under the laws of another state. Also, agreements should relate specifically to the particular facts of each situation. Therefore, it is important to consult legal counsel whenever utilizing these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com is not engaged in recommending or referring members on the site or making claims about the competence, character or qualifications of its participating members.
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Keywords: Contract,obtain,loan

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