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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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9.16. Statute of Limitations. <br />Except insofar as now or hereafter prohibited by law, the right to plead, use or assert any <br />statute of limitations as a plea or defense or bar of any kind, or for any purpose, to any debt, <br />demand or obligation secured or to be secured hereby, or to any complaint or other pleading or <br />proceeding filed, instituted or maintained for the purpose of enforcing this Deed of Trust or any <br />rights hereunder, is hereby waived by Grantor. <br />9.17. Trust Irrevocable; No Offset. <br />The Trust created hereby is irrevocable by Trustor. No offset or claim that Grantornow <br />has or may in the future have against Beneficiary shall relieve Trustor from paying the <br />indebtedness or performing any other Obligation contained herein or secured hereby. <br />9.18. Corrections. <br />Grantorshall, upon request of Beneficiary, promptly correct any defect, error or omission <br />which may be discovered in the contents hereof or in the execution or acknowledgment hereof, <br />and will execute, acknowledge and deliver such further instruments and do such further acts as <br />may be necessary or as may be reasonably requested by Beneficiary to carry out more effectively <br />the purposes thereof, to subject to, the lien and security interest hereby created any of Grantor's <br />properties, rights or interests covered or intended to be covered hereby, or to perfect and <br />maintain such lien and security interest. <br />9.19. Further Assurance. <br />Grantor, Beneficiary and Trustee agree to do or cause to be done such further acts and <br />things and to execute and deliver or to cause to be executed and delivered such additional <br />assignments, agreements, powers and instruments, as any of them may reasonably require to <br />keep valid and effective the charges and liens hereof, to carry into effect the purposes of this <br />Deed of Trust or to better assure and confirm unto any of them their rights, powers and remedies <br />hereunder; and, upon request by Beneficiary, shall supply evidence of fulfillment of each of the <br />covenants herein contained concerning which a request for such evidence has been made. <br />9.20. Waiver of Jury Trial. <br />Unless prohibited by Federal, State or local laws, each party acknowledges that it is <br />aware of and has had the advice of counsel of its choice with respect to its rights to trial by jury, <br />and each party, for itself and its successors and assigns, does hereby expressly and knowingly <br />waive and release all such rights to trial by jury in any action, proceeding or counterclaim <br />brought by any party hereto against the other (and/or against its officers, directors, employees, <br />agents, or subsidiary or affiliated entities) on or with regard to any matters whatsoever arising <br />out of or in any way connected with this Deed of Trust and/or any claim of injury or damage to <br />the fullest extent permitted by applicable law. <br />35 <br />WISEPlace Permanent Supportive Housing <br />City HOME -ARP Deed of Trust <br />
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