Total of payments
and "AMOUNT FINANCED" refer to the amounts disclosed on the Disclosure Statement and Itemization of Amount Financed that will be delivered to me prior to the disbursem*nt of any funds. "DISBURsem*nT DATE" means the date on which you lend money to me in consideration of the delivery of this Loan Agreement, which will be the same as the date of the loan check or the date the loan funds are electronically transferred by the Authority to the Existing Lender/Servicer. "FIRST INSTALLMENT DATE" means the date the first monthly installment is due, which will be the 28th day of the month following the month in which the Disbursem*nt Date occurs. "MATURITY DATE" means the date that is the 28th day of the month following the Disbursem*nt Date. Important/Read This Information Carefully. Your receipt of this signed Loan Agreement does not obligate you to lend me money. If you decide to make a Refinance Loan to me, you will mail a loan check or electronically transfer the loan funds to each applicable Existing Lender/Servicer. I understand that you have the right not to make a Refinance Loan to me. If you do not make a Refinance Loan to me, I will have no obligation to you under this Loan Agreement, and this Loan Agreement will be unenforceable. If you do make a Refinance Loan to me, as evidenced by your mailing a loan check or electronically transferring the loan funds to the Existing Lender/Servicer, then all the terms of this Loan Agreement apply to me and to you and, upon such mailing or transfer, this Loan Agreement will constitute a binding agreement of each party. I understand that I am free to notify the Authority of my decision not to borrow money at any time prior to the later of (a) three (3) days after you send me the Final Disclosure Statement and Itemization of Amount Financed and (b) the actual disbursem*nt of funds. I understand that various of the amounts shown on such Disclosure Statement and Itemization of Amount Financed are estimates.
