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CONSTRUCTION LOAN AGREEMENT
This Construction Loan Agreement (this "Agreement”) is made by Gay Lorene Foester woodward and Mark S. woodward ("Borrower", whether one or more) and Jefferson Bank (“Lender”).
ARTICLE I.
General Recitations and Representations
1.01 Property and Improvements. Borrower will construct and/or remodel a single family residence with related amenities (the “Improvements”) on the following described real property (the Property”):
2 Gruene Wald
New Braunfels, TEXAS 78130
Lot 2, GRUENE WALD SUBDIVISION, a subdivision in Comal County, Texas, according to the Map and Plat Records recorded in Document No. 201306035020 and amended in Document No. 201406001502, Map and Plat Records, Comal County, Texas.
The Improvements and the Property arc collectively referred to in this Agreement as the “Project." The Improvements are more
particularly described in the plans and specifications submitted to and approved by Lender (the “Final Plans and Specifications”). All amendments to or changes in the Final Plans and Specifications shall require prior written approval of Lender before funds are disbursed pursuant to this Agreement. Borrower has relie