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1976-01 CRA
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1976-01 CRA
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Last modified
1/3/2012 12:23:34 PM
Creation date
3/8/2005 9:13:46 AM
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City Clerk
Doc Type
Resolution
Doc #
CRA 1976-01
Date
1/19/1976
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<br />., <br /> <br />. <br /> <br />. <br /> <br />". <br /> <br />HIID.6209& <br />(9.69) <br /> <br />aggregate of lIuch amounts h!l.d all such 8lllounts 'beC<::.>lOO part of the lllOrtgage <br />debt and'such debt h!l.d continued in existence, <br /> <br />In the event. of a <br />by tbe <br />, in or of any of its obliga.tions <br />other instrument creating an <br />reof', the Agency may a.t <br />case the Agency shall be <br />n upon any other rights or <br />Agreement, operation of law, <br />lopeI' or successor in interest <br />Agency in curing such default or <br />(or the part thereof to which the <br /> <br /> <br />by) any then existing <br /> <br />and Rolder. For of the Agreement: <br />include a deed st or other instrument <br />ce or lien upon the Property, or any part thereof, as <br />a OM. The term "holder" in rei'eren"e to a. mortgage shall <br />surer or guarantor of ,obligation or condition secured by <br />deed of trust, inc but not limited to, the Federal <br />er, the Adminillt Veterans Affairs, and any <br />office of either such offi 1. <br /> <br /> <br />AmCLE VII. RHDIES <br /> <br />SEC. 701. In General. Except as otherwise prOVided in the Agreement, <br />in the event of rmy default in or breach of the Agreement, or any of its <br />termll or ~onditions, by either party hereto, or any successor to such party, <br />eu I' successor) shall, itten notice from the other, <br />diately to cure or ch default or breach, and, in any <br />even, within sixty (60) days at' ipt of such notice. In case such <br />!letion ill not taken or not diligently pursued, or the default or breach <br />ahall not be cured or remedied within a reasonable time, the aggrieved party <br />may institute such proceedings as may be necells!l.rY or desirable in its <br />opinion to cure and remedy such default or breach, including, but not <br />limited to, proceedings to compel specific performance by the party in <br />. default or breach of its obligations. <br /> <br /> <br /> <br />In the <br /> <br />SEC. 702. <br />event ,that <br /> <br />(l!.) th~ Agency does not tender conveyance of the Property, or <br />possession thereof, in the manner and condition, and by the <br />date, provided in the Agreement, and any such failure shall not <br /> <br />- 15 - <br />
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