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SANTA ANA ARTS COLLECTIVE, LP (META HOUSING CORP) - 2016
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SANTA ANA ARTS COLLECTIVE, LP (META HOUSING CORP) - 2016
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Last modified
12/27/2017 3:56:02 PM
Creation date
12/27/2017 2:10:52 PM
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Contracts
Company Name
SANTA ANA ARTS COLLECTIVE, LP (META HOUSING CORP)
Contract #
A-2016-017
Agency
COMMUNITY DEVELOPMENT
Council Approval Date
2/2/2016
Expiration Date
5/1/2071
Destruction Year
2076
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Note or the Deed of Trust. If the casualty or condemnation affects only part of the Property and <br />total rebuilding is infeasible, then proceeds may be used for partial rebuilding and partial <br />repayment of the City Loan in a manner that provides adequate security for repayment of the <br />remaining balance of the City Loan. <br />23. Force 1Vlaieure. <br />Notwithstanding specific provisions of this Note, performance hereunder shall not be <br />deemed to be in default where delays or defaults are due to: war; insurrection; strikes; lock -outs; - <br />riots; floods; earthquakes; fires; casualties; acts of God or other deities; acts of the public enemy; <br />epidemics; quarantine restrictions; freight embargoes; lack of transportation; governmental <br />restrictions or priority; litigation; unusually severe weather; inability to secure necessary labor, <br />materials or tools; delays of any contractor or supplier; acts of the other party; acts or failure to - <br />act of the City or any other public or governmental City or entity (except that any act or failure to <br />- act of City shall not excuse performance by City); or any other causes beyond the reasonable <br />control or without the fault of the party claiming an extension of time to perform, An extension <br />of time for any such cause shall be for the period of the enforced delay and shall commence to <br />run from the time the party claiming such extension gives notice to the other party, provided <br />notice by the party claiming such extension is given within thirty (30) days after the <br />commencement of the cause. Times of performance under this Note may also be extended in <br />writing by the City and the Borrower. <br />24. Assianments. <br />The City, and the assignee of the City, shall have the right to assign this Note and the <br />Deed of Trust securing this Note, without any further act of Borrower. The assignee shall give <br />notice to Borrower as soon as practicable after such assignment. <br />12 <br />
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