Current and Potential Transformers
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This document outlines the terms and conditions for a home loan agreement between a lender and borrower. It details the loan amount, interest rate, repayment schedule, borrower responsibilities to pay property taxes and insurance, what constitutes a default, and the lender's rights if the borrower defaults including collecting fees and foreclosing on the property. The borrower agrees to these terms as a condition of receiving the loan from the lender to purchase their home.
