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25B - AGMT - CDBG HOUSING LOAN
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25B - AGMT - CDBG HOUSING LOAN
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Last modified
1/28/2016 4:31:05 PM
Creation date
1/28/2016 3:47:48 PM
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
25B
Date
2/2/2016
Destruction Year
2021
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22. Substitute Trustee. The Beneficiary, at the Beneficiary's option, may from time to <br />time remove the Trustee and appoint a successor trustee to any Trustee appointed hereunder. The <br />successor trustee will succeed to all the title, power and duties conferred upon the Trustee herein <br />and by applicable law. <br />23. Request for Notice. Trustor requests that copies of the notice of default and notice <br />of sale be sent to Trustee at the address set forth in Section 14 above. <br />24. Nonrecourse Liability. Neither Truster nor any partner of Trustor shall <br />have any personal liability under the Agreement, Inclusionary Promissory Note, and this Deed of <br />Trust and any judgment, decree or order for payment of money obtained in any action to enforce the <br />obligation of Trustor to repay the loan evidenced by such documents shall be enforceable against <br />Truster only to the extent of Trustor's interest in the Property. <br />(Signatures on Following Page) <br />25B -72 <br />
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