Severn House

Property Investor Partnership

Secured Loan Note Application Form
Severn House

Definition Of Terms

Note Availability Date
The date from which the 4% interest becomes payable, this being the earlier of 15th or last day of the month following your invested funds being cleared.

Increase Date
The date from which the higher rate of interest becomes payable. This will either be the same as the Date of Issue or, if the Issuer is in a position to, a date between the Note Availability and the Date of Issue.

Date of Issue
The date on which the Legal Certificate for your Loan Note is issued and formally registered.

The term of this Loan Note is 18 months commencing from the date the Loan Note Instrument is first fully signed and executed.

Applies to both investors in the case of a joint investment.