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10A Action 2007 0730
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10A Action 2007 0730
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Last modified
8/1/2007 11:39:01 AM
Creation date
7/25/2007 1:54:17 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
7/30/2007
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PERM
Document Relationships
_CC Agenda 2007 0730
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2007\Packet 2007 0730
RDA Reso 2007-010
(Reference)
Path:
\City Clerk\City Council\Resolutions\2007
Reso 2007-108
(Reference)
Path:
\City Clerk\City Council\Resolutions\2007
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<br />person, other than HUD or the Agency, as a receiver or a mortgagee or party in <br />possession, or in the event of any enforcement of any assignment of leases, rents, <br />issues, profits, or contracts contained in the Agency Documents, with or without <br />cOUl1 action, no rents, revenue or other income of the Development collected by <br />the receiver, person in possession or person pursuing enforcement as aforesaid, <br />shall be utilized for the payment of interest, principal or any other amount due and <br />payable under the provisions of the Agency Documents, except from Residual <br />Receipts in accordance with the HUD Regulatory Agreement. The receiver, <br />person in possession or person pursuing enforcement shall operate the <br />Development in accordance with all provisions of the HUD Documents. <br /> <br />10. Amendment. No amendment to the Agency Documents made after the date of <br />this Rider shall have any force or affect until and unless such amendment is <br />approved in writing by HUD. <br /> <br />IN WITNESS WHEREOF, the Borrower and the Agency have executed <br />this Rider as follows: <br /> <br />[insert signature blocks for Agency and Borrower] <br /> <br />4 <br /> <br />HUD202Rider _F ormblank _Agency <br />
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