Seller Financing Terms

The Seller is offering financing on the following terms:

The Seller will finance Eighty Percent (80%) of the contract price at an interest rate of twelve percent (12%) amortized over thirty years with a balloon in one year with an option to purchase an extension of the balloon for an additional year.

In the event mortgage payments become three months in arrears it will trigger an automatic default and the property reverts to Seller.