LOAN AGREEMENT
Concluded between:
ELGIN COUNTRY ESTATE (PTY) LIMITED
(Registration No: 2007/019489/07)
(Hereinafter referred to as (the “Developer”)
and
SURNAME
FIRST NAMES
IDENTITY NUMBER
TELEPHONE NUMBERS
WORK
FAX
HOME
MOBILE
E-MAIL
PHYSICAL ADDRESS
MARITAL STATUS
Single / out of community of property / in community of property / muslim rights
DATE OF MARRIAGE
INCOME TAX NUMBER
(Hereinafter referred to as the “Investor”)
Number:_______________________________
________________________________
(the “Vacant Erf”)
(“the Capital Amount”)
Thursday, October 16, 2008
Initial
www.honeyattorneys.co.za
2
(PLEASE COMPLETE ALL DOCUMENTS ATTACHED HERETO)
THE INVESTOR AGREES THAT ANY CHANGES MADE BY HIM TO THESE STANDARD TERMS AND CONDITIONS,
INCLUDING BUT NOT LIMITED TO DELETIONS, ADDITIONS AND/OR REWORDING OF CLAUSES, SHALL BE NULL AND VOID
AND PRO NON SCRIPTO, AND THAT THE ORIGINAL TERMS SHALL REMAIN IN FORCE, NOTWITHSTANDING SIGNATURE
OF THE AGREEMENT BY DEVELOPER UNLESS EACH SUCH AMENDMENT IS AGREED TO AND IS INITIALLED BY
DEVELOPER.
TABLE OF CONTENTS
1
Definitions and interpretation…………………………………………………
3
2
Introduction………………………………………………………………………
6
3
Loan and advance………………………………………………………………
7
4
Conditions relating to the release of funds………………………………..
8
5
Repayment of capital amount………………………………………………..
8
6
Interest on Capital Amount…….……………………………………………
10
7
Security trust…………………………………………………………………….
11
8
Notices and domicilia………………………………………………………….
12
9
General…………………………………………………………………………… 12
Annexure “A”
FICA documents (to be completed by the Investor)
Annexure “B”
Investor form & affidavit (to be completed by the Investor)
Annexure “C”
(Draft) site development plan showing the Development Land
Thursday, October 16, 2008
Initi