You can invest the difference between term and EIUL into an investment instrument that would most likely reap more profit for you in the long run.

I am thinking a kind of quality sophisticated smooth jazz instrumental is good.

I am a pilot I have been flying 30 plus years.. but I keep my license current but there are others that fly 30 years on a student certificate.. or are not instrument current and bust those regs.. can you do it sure is it legal no.. its your call on what you want to do.Same with selling real estate / wholesaling we all know the fine line that runs along..

Here's the exact verbiage:"Borrower shall occupy, establish, and use the Property as Borrower’s principal residence within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower’s principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower’s control." 

Prudent investing calls for having at least some funds in less-volatile real estate instruments, which are typically REIT's.Actually, the positive-impact value is so important to these folks that they'll be happy with lower investment yields, if it is helping society and/or the planet.

If the mortgage or other instrument creating a lien under which a party seeks to redeem is duly recorded at the time of said tax sale, the said party shall, in addition to the time in this title specified, have the right to redeem said real estate sold, or any portion thereof covered by his mortgage or lien, at any time within one year from the date of written notice from the purchaser of his purchase of said lands at tax sale, served upon such party, and notice served upon either the original mortgagees or lienholders or their transferee of record, or their heirs, personal representatives or assigns shall be sufficient notice.

Drafting instruments for the client to execute, sending HOA Estoppel Letters, etc.3.) 

The note is a legally binding financial instrument that is registered with the county clerk's office as a lien against the house.

This is a question for a local attorney but in general you will want a mortgage note and trust deed if you're in a trust deed state some states are mortgage only (both note and recording instrument is built into one document).Usually the attorney or escrow/title company acting as the intermediary will coordinate the closing documents for the rest like evidence of insurance, title insurance, coordinating notary.Hope that gives you a good start on the process.

If all or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without Lender's prior written consent, Lender may, at its option, require immediate payment in full of all sums secured by this Security Instrument.