Change Order Requests. If the Borrower requests additional improvements, changes in the Plans and Specifications must be submitted to Lender on the Change Order Request Form (Form 1200) or a similar form acceptable to Lender. Work on the requested changes shall not begin until Lender has approved such changes in writing and Borrower has deposited in the Rehabilitation Escrow Account additional funds in an amount sufficient to pay the cost of the approved changes, including a contingency reserve.
Appears in 2 contracts
Sources: Homestyle Rehabilitation Loan Agreement, Homestyle Rehabilitation Loan Agreement