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Agmt 2006 Allied Housing Program (2)
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Agmt 2006 Allied Housing Program (2)
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Last modified
5/10/2007 12:47:48 PM
Creation date
12/12/2006 4:53:03 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
5/3/2006
Retention
PERM
Document Relationships
RDA Reso 2006-001
(Approved by)
Path:
\City Clerk\City Council\Resolutions\2006
Reso 2006-045
(Approved by)
Path:
\City Clerk\City Council\Resolutions\2006
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<br />(A) accelerate and declare the entire unpaid principal balance ofthe Note, <br />together with all accrued interest thereon and aU sums due thereunder immediately due and <br />payable regardless of any prior forbearance; <br /> <br />(B) seek specific performance to enforce the terms of the City Documents; <br /> <br />(C) foreclose on the Property pursuant to the Deed of Trust; <br /> <br />(D) pursue any and aU other remedies available under law to enforce the terms <br />of the City Documents and City's rights thereunder. <br /> <br />Borrower shaU pay all reasonable costs and expenses incurred by or on behalf of City <br />including, without limitation, reasonable attorneys' fees, incurred in connection with City's <br />enforcement of this Loan Agreement and the Note and the exercise of any or all of its rights and <br />remedies hereunder and all such sums shaU be a part of the indebtedness secured by the Deed of <br />Trust. <br /> <br />6.2 REMEDIES CUMULATIVE. Each of the remedies provided herein is <br />cumulative and not exclusive of, and shaU not prejudice any other remedy provided in any other <br />City Document. The City may exercise from time to time any rights and remedies available to it <br />under applicable law, in addition to, and not in lieu of, any rights and remedies expressly granted <br />in this Agreement or in any other instrument or notice, demand or legal process of any kind. <br /> <br />ARTICLE VII <br /> <br />MISCELLANEOUS <br /> <br />7.1 NOTICES. Except as otherwise specified in this Agreement, aU notices to be sent <br />pursuant to this Agreement shall be made in writing, and sent to the Parties at their respective <br />addresses specified below or to such other address as a Party may designate by written notice <br />delivered to the other Party in accordance with this Section. All such notices shall be sent by: <br /> <br />(A) personal delivery, in which case notice shall be deemed delivered upon <br /> <br />receipt; <br /> <br />(B) certified or registered mail, return receipt requested, in which case notice <br />shall be deemed delivered two (2) business days after deposit, postage prepaid in the United <br />States mail; <br /> <br />(C) nationally recognized overnight courier, in which case notice shall be <br />deemed delivered one (1) day after deposit with such courier; or <br /> <br />(D) facsimile transmission, in which case notice shall be deemed delivered on <br />transmittal, provided that a transmission report is generated reflecting the accurate transmission <br />thereof. <br /> <br />818012-3 <br /> <br />16 <br />
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