Common use of Convertible Clause in Contracts

Convertible. 3/1 and 5/1 Treasury ARMs that are Assumable Life of Loan (until Conversion Option exercised) Note: 5/1,7/1 and 10/1 Treasury ARMs that are Assumable after Initial Period (until Conversion Option exercised) Note:

Appears in 1 contract

Sources: Master Agreement (Crescent Banking Co)

Convertible. 3/1 and 5/1 Treasury ARMs that are Assumable Life of Loan (until Conversion Option exercised) Note: 5/1,7/1 5/1, 7/1 and 10/1 Treasury ARMs that are Assumable after Initial Period (until Conversion Option exercised) Note:)

Appears in 1 contract

Sources: Master Agreement (Crescent Banking Co)