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SANTA ANA 8 INV. LLC
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Last modified
6/18/2025 4:12:50 PM
Creation date
6/10/2025 9:47:27 AM
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Contracts
Company Name
SANTA ANA 8 INV. LLC
Contract #
A-2025-066
Agency
Community Development
Council Approval Date
5/6/2025
Expiration Date
5/6/2080
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10. Maker's Personal Liabilft . Maker will be fully and personally liable for all loss, cost, <br /> liability, damage, and expense (including without limitation attorneys' fees) suffered or incurred <br /> by City arising from any of the following: <br /> 10.1 Failure to pay taxes, assessments, and any other charges that could result in liens <br /> against any portion of the Property or any other Security. <br /> 10.2 Failure to pay and discharge any mechanics' liens, materialmen's liens, or other <br /> unpermitted liens against any portion of the Property or any other Security. <br /> 10.3 Maker's fraud or intentional misrepresentation with respect to any <br /> representations, warranties, or certifications made in the City Documents or in connection with <br /> Maker's application to participate in the City's affordable housing program. <br /> 10.4 Maker's retention of any rental income or other income arising with respect to <br /> any portion of the Property or any other Security subsequent to the date of City's delivery of any <br /> notice of a Default, or which, under the terms of the City Documents, should otherwise have <br /> been paid to City. <br /> 10.5 Maker's retention or use of insurance proceeds, condemnation awards, or other <br /> similar funds or payments attributable to the Property or any other Security that pursuant to the <br /> City Documents should have been paid to City or used for another purpose. <br /> 10.6 Waste of the Property, or any other failure to maintain, repair, or restore any <br /> portion of the Property or any other Security in accordance with the requirements of the City <br /> Documents. <br /> 10.7 The removal, demolition, damage or destruction of any portion of the Property or <br /> any other Security that is neither consented to in writing by City nor fully compensated for by <br /> insurance proceeds or condemnation awards. <br /> 10.8 The failure of the City Documents to constitute a lien or security interest, as <br /> applicable, on the Property or any other Security, subject only to those exceptions, if any, <br /> permitted by the City Documents or otherwise approved in writing by City. <br /> 10.9 Nothing in this paragraph will affect or limit the rights of City to enforce any of <br /> City's rights or remedies with respect to any portion of the Property or any other Security. <br /> 11. Maker's Waivers. Maker hereby expressly waives diligence, presentment,protest, and <br /> demand, and notice of protest, notice of dishonor and notice of nonpayment of this Note, and <br /> expressly waives any rights to be released by reason of any extension of time or change in terms <br /> of payment, or change, alteration or release of any security given for the payments hereof, and <br /> Page 47 <br /> Exhibit C <br /> 55394.00101\43721567.1 <br />
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