My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
STATION DIST DDA WITH CRA
Clerk
>
Contracts / Agreements
>
S
>
STATION DIST DDA WITH CRA
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/29/2020 4:28:28 PM
Creation date
9/27/2010 1:29:49 PM
Metadata
Fields
Template:
Contracts
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
232
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
129 Borrower Assignment Prohibited. In no event shall Borrower assign or transfer <br />any portion of this Note without the prior express ritten consent of the Agency, which consent <br />shall not unreasonably b o withheld, except pursuant to a transfer which is permitted or approved <br />pursuant to the terms of the Agreement. <br />13-a Terms. Any terms not separately defined herein shall have the same meanings as <br />et forth in the Agreement. <br />U Acceleration and Other Remedies. Upon: a the occurrence of an event of <br />Default as defined in the Agreement and delivery of notice and expiration of the cure period <br />desefibed t herein, or Borrower selling, contracting to sell, giving an option to purchase, <br />conveying, leasing, further encumbering, rnortg agin g, assigning or alienating the Borrower's <br />inter es. t in Phase F o th r th an the s ale o f completed For-S ale Units to ind ivid u al homeb u yers or <br />as other -wise permitted or approved pursuant to the Agreement), whether directly or indirectly, <br />whether voluntarily or involuntarily or by operation of law, or any interest in Phase FS, or <br />suffering its title, or any interest in Phase FS to be divested, whether voluntarily or involuntarily, <br />without the consent of the Agency or as otherwise approved or permitted under the Agreement, <br />Agency may, at Agency's option* declare the outstanding principal amount of this Note, together <br />with the then accrued and unpaid interest thereon and other h arg hereunder, and all other <br />sums secured by the Deed of Trust, to be d u c and payable immediately, and upon such <br />declaration, su h principal and interest and other sums shall immediately become and be due and <br />payable without demand or notice, all as further set forth in the Deed of Trust. All costs of <br />collection, including, but not limited to, reasonable att rue ' fees and all expenses incurred in <br />connection with protection of} or realization on, the security for this Note, may be added to the <br />principal hereunder, and shall accrue interest as provided herein. Agency shall at all tunes have <br />the right to proceed against any portion of the security for this Note in such order and in such <br />manner as such Agency may consider appropriate, without waiving any rights with respect to <br />any of the security. Any delay or omission on the part of the Agency in exercising an right <br />hereunder, un der the Agreement or under the Deed of Trust shall not operate as a waiver o f such <br />right, or of any other right. No single or phial exercise of any right or remedy hereunder or <br />under the Agreement or any other document or agreement shall preclude other or further <br />exercises thereof, or the exercise of any other right or remedy. The acceptance of payment o f <br />any sum payable hereunder, or part thereof, after the due date of such payment shall not he a <br />waiver of Agency's right to either require prompt payment when due of all other sums payable <br />hereunder or to declare an event of Default for failure to make p ro rnp t or complete payment. <br />15. Successors and Assigns. Whenever "'Agency"' is referred to in this Note, such <br />reference shall be deemed to include the Community Redevelopment Agency of the City of <br />Santa Ana and its successors and assigns, including, without limitation, any subsequent assignee <br />or holder of this Note. All covenants, provisions and agreements by or on behalf of Borrower, <br />and on behalf of any makers, endorsers} guarantors and sureties hereof which are contained <br />herein shall inu r to the benefit of the Agent and Agent ' s successors and assigns. <br />ATTACHMENT NO. 8A-5 <br />DOCJ 14 0067 3v 141200272-0001 <br />
The URL can be used to link to this page
Your browser does not support the video tag.