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FIRST INTERSTATE BANK
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Last modified
9/4/2024 5:49:02 PM
Creation date
9/3/2024 3:01:37 PM
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Contracts
Company Name
FIRST INTERSTATE BANK
Contract #
A-1981-056
Agency
Community Development
Destruction Year
1995
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E. That CITY will have complete responsibility for <br />determining whether or not each loan applicant and the <br />proposed rehabilitation work are eligible under the Program. <br />F. That CITY will have complete responsiblity for <br />enforcement of any agreement concerning rents between CITY <br />and Borrower. <br />V. OTHER TERMS AND CONDITIONS <br />A. Opinion of Counsel. CITY agrees to furnish a <br />statement of counsel acceptable to BANK indicating that the <br />matters set forth in the representations listed in Para- <br />graphs W.A. through F. above are true and correct. <br />B. Standard of Care. BANK shall exercise the same <br />degree of care in the exercise of its duties hereunder as <br />BANK would normally exercise in the normal course of its <br />business. BANK shall have no responsibility or liaibility <br />for determining whether or not rehabilitation work is per- <br />formed in a satisfactory manner. <br />C. Term. This agreement shall be subject to a yearly <br />review and continue in effect until terminated by either <br />party. Either party may terminate this agreement by giving <br />to the other party written notice of termination at least <br />thirty (30) days prior to the intended termination date. <br />D. Amendments. This agreement contains the entire <br />agreement between the parties and may not be modified or <br />amended without the written consent of BANK and CITY. <br />E. Notices. All -notices, requests and demands to or <br />upon either party hereto shall be in writing, shall be <br />addressed to such party at the address set forth below or at <br />such other address as may be hereafter designated in writing <br />by such party and shall be deemed to have been given or made <br />when mailed: <br />To CITY: <br />Clerk of the Council <br />20 Civic Center Plaza <br />Santa Ana, California 92701 <br />Q. <br />
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