[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-282717-105":53,"doc-detail-282717-en":127},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":120,"head_meta":122,"extra_data":124,"updated_unix":126},105,"en","owner-financing-addendum-addendum-number-contract-of-sale","Owner Financing Addendum - Addendum Number - Contract of Sale","","Owner Financing Addendum defines the terms under which the Seller grants the Buyer a purchase money mortgage or deed of trust secured by the subject property. It specifies mortgage amount, amortization period, interest rate, monthly principal-and-interest payments, and when the remaining balance becomes due. The addendum covers lien priority, prepayment rights, restrictions on transfer without consent, payment due dates and late charges, insurance requirements, escrow options for taxes and insurance, and default handling for second mortgages. It also addresses credit-report conditions, preparation and recording costs, title insurance binder requirements, and execution details with dates and form identification.",{"@graph":63,"@context":119},[64,80,102],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/owner-financing-addendum-addendum-number-contract-of-sale/282717/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/owner-financing-addendum-addendum-number-contract-of-sale/282717.png","ImageObject",442,249,{"name":88,"@type":89},"Olivia Brown","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-11-01","2026-09-16",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",10,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115],{"name":106,"@type":107,"acceptedAnswer":108},"What mortgage terms does the Owner Financing Addendum set for the parties?","Question",{"text":109,"@type":110},"It establishes that the Seller grants the Buyer a purchase money mortgage or deed of trust, including the amount, amortization period, interest rate, monthly principal and interest payments, and the time when any unpaid balance becomes due.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"How are escrow, taxes, and hazard insurance handled under the addendum?",{"text":114,"@type":110},"The Buyer either establishes a non-interest escrow account with the Lender for taxes and insurance, or pays those items directly and provides proof of payment to the Lender within the specified time. If the Buyer fails, the Lender can require escrow to be established.",{"name":116,"@type":107,"acceptedAnswer":117},"What happens if the mortgage is a second mortgage and a superior mortgage defaults?",{"text":118,"@type":110},"A default under the superior mortgage automatically constitutes a default under the second mortgage. The second mortgagee may either cure the superior default and add the costs to the balance, or pursue other default remedies under the second mortgage and applicable law.","https://schema.org",{"og:url":78,"og:type":121,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":123,"canonical":78},"index,follow",{"doc_id":125,"site_id":56},282717,1790239240,{"code":4,"msg":5,"data":128},{"doc_id":125,"user_id":129,"nickname":88,"user_avatar":130,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":101,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":9,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":140,"read_time":4,"preview_page_count":4},16904993612988,"https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd","OWNER FINANCING ADDENDUM  \nADDENDUM NUMBER  to CONTRACT OF SALE dated  BUYER(S):  SELLER(S):  PROPERTY:  IT IS UNDERSTOOD AND AGREED that Seller (hereinafter “Lender”) will grant to Buyer a Purchase Money Mortgage or Deed of Trust (hereinafter “Mortgage”) tobe secured by the subject property in the amount of $  with payments based upon an amortization  \nperiod of   years at an interest rate of   % per annum with monthly payments of principal and interest in the amount of $  It is further understood and agreed that the entire unpaid balance will be due and payable at the end of   years from the date of settlement. Buyer agrees to execute said Mortgage at time of settlement.  \nSaid Mortgage shall be a   first   second ( INITIAL ONE) lien and shall contain the right of prepayment in whole or in part at any time without penalty. Said Mortgage shall also contain a clause which will prohibit the sale or transfer of all or any part of the property or interest therein by voluntary or involuntary conveyance or assignment subject to the existing Mortgage without the mortgagee’s prior written consent.  \nThe mortgage payments on the Mortgage shall be due on the   day of each month, commencing no earlier than one month after the date of settlement. The Mortgage will provide for a late charge of five (5) percent of the principal and interest installment if the mortgagee does not receive the required payment within fifteen (15) days of the date due.  \nBuyer shall obtain and present to Lender at or prior to settlement an original fire and extended coverage insurance policy with broad form endorsement from a company of Buyer’s choice licensed to issue policies in the State, together with a paid receipt for one year’s premium. Said policy must contain the usual endorsement to protect the mortgagee’s interest in the property, and Seller shall have the right to disapprove the insurer for reasonable cause. The amount of coverage shall be no less than the combined principle balances ofall mortgages or replacement cost of the improvements, whichever is less. Buyer further agrees to maintain said insurance in full force and effect for the duration of the Mortgage.  \n(INITIAL APPLICABLE PARAGRAPH)  \n A. Buyer agrees to establish with Lender a non-interest bearing escrow account for the payment of real estate taxes, hazard insurance, ground rent (if any), and any lien superior to the Mortgage; or  \n B. Buyer and Lender agree that Buyer shall pay all real estate taxes, ground rent, hazard insurance premiums, and other liens superior to this Mortgage, and shall furnish Lender with proof of payment of each to said mortgagee within thirty (30) days following the due date of each payment (or in the case of real estate taxes, such date shall be construed to be that date after which interest and/or penalty begins to accrue on said bill) . Should Buyer fail to pay each bill and/or provide proof of such payment to Lender as specified above, Buyer shall, at Lender’s sole option and within thirty (30) days of Lender’s written demand, establish an escrow account with Lender as specified in Paragraph A above.  \nIf the herein described Mortgage is a second Mortgage, it shall provide that a default under the terms of any superior mortgage shall automatically constitute a default under the second Mortgage, upon which the second mortgagee may, at its sole option, either: (1) cure the default under the superior mortgage and add the costs thus incurred to the unpaid balance of the second Mortgage, or (2) exercise any and all other default remedies provided by the terms of the second Mortgage and controlling law.  \nThe granting of the above Mortgage is contingent upon Lender’s receipt of a satisfactory credit report and/or other financial information on Buyer. Buyer agrees to supply promptly whatever information and verification material as may be required to obtain said report and to verify Buyer’s financial ability to complete this transaction and make regular monthly p","cbCaibwGpoRnQLXo","https://ap.wps.com/l/cbCaibwGpoRnQLXo","pdf",12748,"English","# Owner Financing Mortgage Terms\n## Payment Schedule, Maturity, and Late Charges\n## Lien Priority, Prepayment, and Transfer Restrictions\n## Insurance and Escrow Requirements\n## Default Provisions for Second Mortgages\n## Credit Approval, Costs, and Title Insurance","[{\"question\":\"What mortgage terms does the Owner Financing Addendum set for the parties?\",\"answer\":\"It establishes that the Seller grants the Buyer a purchase money mortgage or deed of trust, including the amount, amortization period, interest rate, monthly principal and interest payments, and the time when any unpaid balance becomes due.\"},{\"question\":\"How are escrow, taxes, and hazard insurance handled under the addendum?\",\"answer\":\"The Buyer either establishes a non-interest escrow account with the Lender for taxes and insurance, or pays those items directly and provides proof of payment to the Lender within the specified time. If the Buyer fails, the Lender can require escrow to be established.\"},{\"question\":\"What happens if the mortgage is a second mortgage and a superior mortgage defaults?\",\"answer\":\"A default under the superior mortgage automatically constitutes a default under the second mortgage. The second mortgagee may either cure the superior default and add the costs to the balance, or pursue other default remedies under the second mortgage and applicable law.\"}]","Owner Financing Addendum - Addendum Number - Contract of Sale | PDF",1789580736]