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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
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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 />( e) the occurrence of any act or omission of Borrower that <br />results in waste to or of the Property or the Improvements and which has a material adverse <br />affect on the value of the Property or the Improvements; <br /> <br />(f) the removal or disposal of any personal property or <br />fixtures or the retention of rents, insurance proceeds, or condemnation awards in violation of <br />the City Deed of Trust; <br /> <br />(g) the material misapplication of Loan Proceeds; <br /> <br />(h) the material misapplication of the proceeds of any <br />insurance policy or award resulting from condemnation or the exercise of the power of <br />eminent domain or by reason of damage, loss or destruction to any portion of the Property or <br />the Improvements; and <br /> <br />(i) the failure of Borrower to pay all amounts payable <br />under the Note in full if Borrower Transfers the Property in contravention of the City <br />Documents. <br /> <br />IN WITNESS WHEREOF, Borrower has executed and delivered this Note as of the <br />date first written above. <br /> <br />BORROWER <br /> <br />ALAMEDA COUNTY ALLIED HOUSING PROGRAM <br />a California nonprofit public benefit corporation <br /> <br />By: <br /> <br />Louis D. Chicoine <br />Executive Director <br />
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