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80A - TRANSIT CODE AND STATION DISTRICT - EXHIBIT J
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80A - TRANSIT CODE AND STATION DISTRICT - EXHIBIT J
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Last modified
1/3/2012 4:05:19 PM
Creation date
6/10/2010 1:10:58 PM
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City Clerk
Doc Type
Agenda Packet
Item #
80A
Date
6/7/2010
Destruction Year
2015
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r•ernedies under the Fit•st Lien include the r'ilrt of foreclosure otk aceeptar~ce ~f ~ deed ar <br /> Assgnment rn lre~~ of fot•eclosu~•e~ If title to the Property is trar~sfez•t•ed by foreclasur~e or <br /> acceptance of deed irl lieu of foreclosure, or• assln~ent of tl~e First Lier~ to the ~ecretar•y of the <br /> Departrnerrt of ~ottsing and Ut{ba~~ Developrrrent, this Agr•eetnent and tl~e A.ger~cy Deed of Trust <br /> shall be a~~to~natically ter'mina.ted and slrall lave na firr~tl~er effect as to the Property er• airy <br /> tr'ansfer'ee tllerea~ea}. Ho~vever~, in na event shall this Agreen~et~t, the Aget~c~ Deed of Trust, and <br /> the Affordable Housing resale Restriction, be subat'clir~ate to any First Lrer~ on the Property <br /> securing a laat~ ~vitl~ provisions ~vhicl~ allow r~egative an~ot~tizatiot~, or' to r'e~rlaricrr~g of the lien <br /> of the First Lien for a loan a~r~o~zt~t its excess of the surn of the there c~zr•r•ent loan balance seclxred <br /> b~ the First Lien and loan closing costs <br /> Trustor agz~ees it shall irYStr•uct the >1scro~v Agent for tl~e acquisition of the <br /> Property by Trustor that tl~e order of recot•din ire the escr•av~ for the p~zrcl~ase of tl~e Pt•opet'ty by <br /> Trustor~ shall occ~u• as folla~~rs; the grant Deed, the First ~,ier~; otl~et• affot•da~ble <br /> housir~g loat~~s~, if applicable; ~4} the Affordable Housing Resale Restriction; 5) the Notice of <br /> Affordability Rest~iictiens a~~d the Agency Deed of Tr•€~st, Aget~c~ shall cause a Req~rest for <br /> N~t1C~ Default t~ r•ecor•ded o~~ tl~e J. 1,V~1'~ 1 ~~~~~~414~~~~ t~ t~~ ~'~~al•~~t~Vl~ a1 tl~~ ~~~•U~ 1.,/~~+~~ <br /> deed of trust or mortgage req~test~ng a statr~tory notice of <br /> ~efa~rlt as set far•tl~ ~t~ tl~e altfot{n~a <br /> Civil Code ectiot~ ~~4b, and shall cause a request for Notice of Delit~quet~cy to be recorded on <br /> the Property st~bsegr~et~t to tl~e recordatrorr of the Fast Lier~ deed oftrr~st or t~artage. <br /> ~N ITS ~~~F, Trr~stor has executed tl~rs Rrder• to Deed of Tr~~st as of the <br /> date set forth belo~v, <br /> TR~T~~I~~E~3~J~~R~ <br /> Printed Name, <br /> ~'ri~~ted Name: <br /> H~B~T TD ATTACHN~ENT ~ ~ <br /> To Deed of Trust ~vith Assignment ofRents <br /> Rlder• t0 Deed Of Ttiust <br /> <br /> DOC0~1~ ~~~G?~4r~ ~1~~027~-~~~ I <br /> <br />
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