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SANTA ANA 9 INV., LLC.
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Last modified
7/25/2025 1:12:40 PM
Creation date
7/25/2025 1:10:45 PM
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Contracts
Company Name
SANTA ANA 9 INV., LLC.
Contract #
A-2025-114
Agency
Community Development
Council Approval Date
6/3/2025
Expiration Date
7/14/2028
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18. Entire Agreement;_Amendments, This Note, together with the Affordable Housing Resale <br /> Restrictions and the City Deed of Trust, sets forth the entire understanding between Maker and <br /> the City with respect to the subject matter hereof.Any previous representations,warranties, <br /> agreements, and understandings among the parties regarding the subject matter of the Affordable <br /> Housing Resale Restrictions,this Note and City Deed of Trust whether written or oral, are <br /> superseded by the terms of the Affordable Housing Resale Restrictions,this Note and the City <br /> Deed of Trust. This Note may be modified or amended only by a written instrument duly <br /> executed by City and Maker. <br /> 19. No City Waiver. Any waiver of any term or provision of this Note must be in writing. <br /> No waiver of any breach, default or failure of condition under this Note or any other City <br /> Document shall be implied from.City's failure or delay in declaring a default or exercising any of <br /> City's rights or remedies with respect to such breach, default or failure,or from any previous <br /> waiver of any similar or unrelated breach, default or failure, nor shall acceptance by City of any <br /> payment hereunder constitute a waiver of City's right to require prompt payment of any <br /> remaining amounts owed. Without limiting the generality of the foregoing, City's failure or <br /> delay in declaring any amount due hereunder shall not constitute a waiver of City's right to <br /> declare such sum due for the same or any subsequent event that triggers Maker's payment <br /> obligations hereunder. <br /> 20. Severability. If any provision of this Note shall be held by a court of competent <br /> jurisdiction to be invalid, illegal or unenforceable,the validity, legality and enforceability of the <br /> remaining provisions of this Note shall not be affected or impaired thereby. <br /> 21. Controlling Law and Venue. The terms of this Note shall be interpreted under the laws of <br /> the State of California without regard to principles of conflicts of law. This Note was entered <br /> into and is to be performed in the County of Orange,which is the exclusive venue for any action <br /> or dispute arising hereunder. <br /> 22. Captions,. All captions and headings in this Note are for the purposes of reference and <br /> convenience and shall be disregarded for all other purposes, including the construction or <br /> enforcement of any of the provisions of this Note. <br /> 23. Joint and Several. The obligations of each signatory to this Note shall be joint and <br /> several. <br /> 24. Time of the Essence. Time is of the essence with regard to all matters contained in this <br /> Note. <br /> MAKER and HOME'BUVER: <br /> By: <br /> Page 49 <br /> Exhibit C <br /> 55394.0010 M43724951.1 <br />
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