Fill and Sign the Tennessee Residential Property Disclosure Actnashville Real Estate Form

LOAN AGREEMENT (Loan No. ________________) THIS LOAN AGREEMENT ("this Agreement") is made and entered into this ____ day of _________, _______, by and between ______________________________, a _________ corporation ("Lender"), with its Home Office in _________, _________ County, _________, and _________, ("Borrower"), a general partnership formed under _________ law composed of _________ ("_________"), a Mississippi corporation, and _________ ("_________"), a _________ corporation. W I T N E S S E T H: WHEREAS, _________, a _________ corporation, owns a _________ ("the "_________") located on a _________ acre site in _________ Mississippi, which _________ manufactures _________; and WHEREAS, in order to obtain funds to be used in the acquisition of said _________ and the thirty-one acre site on which the ______________ is located, Borrower has accepted, and Lender has agreed, subject to the terms and conditions of this Loan Agreement, to make contemporaneously with the execution of this Loan Agreement, a secured loan ("the Loan") in the principal amount of ______________ Dollars ($______________) to be advanced in one installment upon satisfaction of certain express conditions; NOW, THEREFORE, in consideration of the mutual promises set forth herein and in consideration of the extension of credit to the Borrower and of the promises and undertakings herein set forth, the parties hereto agree as follows, it being expressly understood that all covenants, terms, conditions and undertakings set forth in this Agreement will survive and
Survive the completion of the transaction described under “—" below. A. As to the purchase and sale of the thirty-one acre site on which the is located, in consideration of the loan agreed to by the parties hereto, the lender agrees and warrants that: the said thirty-one acre sites on which the said thirty-one acre site is located is an asset owned by the lender which is used in one or more manner in the conduct or management of the activities, properties or properties for which this loan is to be made, and said thirty-one acre sites is not subject to such a restriction in either its ownership or use; the said thirty-one acre sites on which the said thirty-one acre site is located is not located in any of the jurisdictions or jurisdictions within the United States of a territory or possession of the United States of which lender has no cognizance; any real property of lender which is located within the said thirty-one acre