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Chapter 7 - Contingencies, Addendum and Amendments (Law of Contracts)

Across
A/An __ is part of the original contract.; they are completed simultaneously with the contract.
A __ sale is when a lender agrees to accept a mortgage payoff amount for less than what is owed in order to facilitate a sale of the property by a financially distressed owner.
A/An __ is used to change the terms of an existing contract; created after the contract has been executed.
A/An __ clause in a contract is a provision that requires that a specific act or action to take place in order for the contract to become binding.
The Addendum for Sale of Other __ by Buyer is used when a buyer wants to submit an offer on a property, but under the condition that his/her existing home sells before closing on the purchase of this property.
Down
Residential real estate properties built before 1978 require a disclosure of the possibility of __-based paint.
The Loan __ Addendum -The buyer is assuming all obligations imposed by the deed of trust that secures the note.
In the Third Party __ Addendum there is a provision for the buyer to terminate the contract for FHA and VA financing if the appraisal comes in below a certain amount.
__-realty items are items of personal property that currently are owned by the seller that the buyer would like to keep.
The __-up addendum is used for submitting an offer on a property that is already under contract with another buyer.