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Item 39 - Affordable Housing Project at 2530 & 2534 Westminster Avenue
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05/17/2022 Special and Regular
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Item 39 - Affordable Housing Project at 2530 & 2534 Westminster Avenue
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9/25/2024 9:11:42 AM
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City Clerk
Doc Type
Agenda Packet
Agency
Clerk of the Council
Item #
39
Date
5/17/2022
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<br /> <br />Subordination Agreement (City of Santa Ana) Form 6456 Page 17 <br />Fannie Mae 08-13 © 2013 Fannie Mae <br /> [Westview House] <br />4883-3835-3436v.3 0113877-000026 <br />irrevocably consent to service, jurisdiction, and venue of such courts for any such litigation and <br />waive any other venue to which any might be entitled by virtue of domicile, habitual residence or <br />otherwise. <br />(g) Severable Provisions. <br />If any provision of this Agreement shall be invalid or unenforceable to any extent, then the <br />other provisions of this Agreement, shall not be affected thereby and shall be enforced to the <br />greatest extent permitted by law. <br />(h) Counterparts. <br />This Agreement may be executed in any number of counterparts, each of which shall be <br />considered an original for all purposes; provided, however, that all such counterparts shall together <br />constitute one (1) and the same instrument. <br />(i) Sale of Senior Loan. <br />Nothing in this Agreement shall limit Senior Lender’s (including any assignee or transferee <br />of Senior Lender) right to sell or transfer the Senior Loan, or any interest in the Senior Loan. The <br />Senior Loan or a partial interest in the Senior Loan (together with this Agreement and the other <br />Loan Documents) may be sold one or more times without prior notice to Borrower. <br />[Remainder of Page Intentionally Blank] <br />EXHIBIT 6
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