CERTIFICATION AND AUTHORIZATION. Borrower(s) hereby certifies that (a) the Property is not being purchased for the purposes of subdivision or real estate development but only for the purposes of a primary residence for Borrower(s); (b) Borrower(s) acknowledges and understands that Borrower(s) is receiving funds from New Hampshire Housing and that such funds are not to be used for the purpose of land development, speculation or similar purposes; and (c) Borrower(s)(s) understands, acknowledges and agrees that no portion of the Property may subdivided, sold, or transferred without the prior written consent of New Hampshire Housing which may be granted or withheld in its sole discretion.
Appears in 2 contracts
Sources: Loan Agreement, Loan Agreement