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Treadmill - Landice L7 Club Pro Sports Trainer SHIPPING INCLUDED Drive Motor: Baldor 3 horsepower continuous-duty motor Roller Size/Weight: 2-1/2” Diameter, 14 lb. Weight: 300 lbs. User Weight: 400 lbs. Frame: Heavy gauge aluminum Power Requirements: Commercial - 220V Light Commercial/Home - 110V Elevation: 0 to 15% grade Speed Range: 0.4 to 12.0 mph (0.8 to 19 kph) Motor Controller: PWM whisper drive Display: Color panel displays speed, time, distance, elevation, calories/hr Deck: 1" thick reversible, rated 3,000 hours per side Shock Absorption: VFX shock absorption system Color: Black, clear-coat finish Warranty: Commercial - 3 years parts, 1 year labor Light Commercial/Home - 5 years parts, 1 year labor
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Commercial lender - Whilst nearly all lenders offer loans on a commercial basis the term commercial lender has differed meanings around the world.
Commercial lender (US) - In the US a commercial lender offers loans backed by hard collateral. In most cases this is real estate, but it can also include factoring, non-conforming assets, or other sources of collateral.
Assumption of mortgage - Assumption of mortgage is the purchase of mortgaged property whereby the buyer accepts liability for the debt that continues to exist. The seller remains liable to the mortgage lender (whether the lender is a commercial bank, thrift, credit union, mortgage banker or mortgage broker) unless the lender agrees to release him.
Security agreement - A security agreement is the contract that governs the relationship between the parties to a secured transaction (ie, the lender and the borrower). Under Article 9 of the Uniform Commercial Code (UCC), which governs secured transactions in the US, a security agreement may be oral if the secured party (lender) has possession of the collateral.
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