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NORTH BROADWAY HOUSING PARTNERS LP (3)
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NORTH BROADWAY HOUSING PARTNERS LP (3)
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Last modified
9/24/2024 3:36:56 PM
Creation date
4/18/2023 1:33:27 PM
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Contracts
Company Name
NORTH BROADWAY HOUSING PARTNERS LP
Contract #
A-2023-031-01
Agency
Community Development
Council Approval Date
3/7/2023
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detoxify any Release of Hazardous Substance, including, but not limited to, any remedial action <br />required by any applicable Hazardous Substance Laws or any judgment, consent, decree, <br />settlement, or compromise in respect of any Hazardous Substance Claims, these actions to be <br />performed: <br />A. in accordance with applicable Hazardous Substance Laws, <br />B. in a good and proper manner, <br />C. under the supervision of a qualified environmental engineer <br />approved in writing by Beneficiary (such approval not to be unreasonably withheld or delayed), <br />D. in accordance with plans and specifications for these actions <br />approved in writing by Beneficiary (such approval not to be unreasonably withheld or delayed), <br />and <br />E. using licensed and insured qualified contractors approved in <br />writing by Beneficiary (such approval not to be unreasonably withheld or delayed); <br />(g) promptly furnish to Beneficiary copies of all written communications <br />received by Truster from any governmental authority or other person or given by Trustor to any <br />person and any other information Beneficiary may reasonably request concerning any Release, <br />threatened Release, Hazardous Substance Claim, or the discovery of any Hazardous Substance <br />on or about the Property in violation of any applicable Hazardous Substance Law; and <br />(h) keep Beneficiary generally informed regarding any Release, threatened <br />Release, Hazardous Substance Claim, or the discovery of any Hazardous Substance on or about <br />the Property in violation of any Hazardous Substance Law. <br />5.3. Rights of Beneficiary. <br />Upon Beneficiary's reasonable belief of the existence of a past or present Release or <br />threatened Release not previously disclosed by Trustor in the Environmental Reports or in <br />connection with the making of the Loan or the execution of this Deed of Trust, or upon <br />Beneficiary's reasonable belief that Truster has failed to comply with any environmental <br />provision of this Deed of Trust or any other Loan Document and upon not less than 72 hours' <br />prior written notice (except in the case of an emergency) to Trustor, Beneficiary or its <br />representatives, employees, and agents, may from time to time and at all reasonable times during <br />regular business hours (or at any time in the case of an emergency) enter and inspect the Property <br />and every part of it (including all samples of building materials, soil, and groundwater and all <br />books, records, and files of Trustor relating to the Property) and perform those acts and things <br />that Beneficiary_reasonably deems necessary to inspect, investigate, assess, and protect the <br />Security of this Deed of Trust, for the purpose of determining: <br />(a) the existence, location, nature, and magnitude of any past or present <br />Release or threatened Release, <br />21 <br />WISEPIace Permanent Supportive Housing <br />City HOME -ARP Deed of Trust <br />
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