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RDA Agmt 1996 Batarse Family Trust etc
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RDA Agmt 1996 Batarse Family Trust etc
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Last modified
8/22/2013 2:04:41 PM
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9/27/2012 3:56:11 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
10/7/1996
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RDA Agmt 1997 Batarse Family Trust etc
(Reference)
Path:
\City Clerk\City Council\Agreements\1997
RDA Reso 1996-033
(Approved by)
Path:
\City Clerk\City Council\Resolutions\1996
Reso 1996-167
(Approved by)
Path:
\City Clerk\City Council\Resolutions\1996
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• <br /> thereon, at the Note rate, shall become additional indebtedness of Borrower secured <br /> by this Deed of Trust. Unless Borrower and Lender agree to other terms of payment, <br /> such amounts shall be payable upon notice from Lender to Borrower requesting <br /> payment thereof. Nothing contained in this paragraph 6 shall require Lender to incur <br /> any expense or take any action hereunder. <br /> 7. Inspection. Lender may make or cause to be made reasonable entries <br /> upon and inspections of the Property, provided that Lender shall give Borrower <br /> notice prior to any such inspection specifying reasonable cause therefor related to <br /> Lender's interest in the Property. <br /> 8. Condemnation. The proceeds of any award or claim for damages, direct <br /> or consequential, in connection with any condemnation or other taking of the <br /> Property, or part thereof, or for conveyance in lieu of condemnation, are hereby <br /> assigned and shall be paid to Lender. <br /> 9. Borrower Not Released; Forbearance by Lender Not a Waive[. <br /> Extension of the time for payment or modification or amortization of the sums <br /> secured by this Deed of Trust granted by Lender to any successor in interest of <br /> Borrower shall not operate to release, in any manner, the liability of the original <br /> Borrower and Borrower's successors in interest. Lender shall not be required to <br /> 'commence proceedings against such successor or refuse to extend time for payment or <br /> otherwise modify amortization of the sums secured by this Deed of Trust by reason <br /> of any demand made by the original Borrower and Borrower's successors in interest. <br /> • <br /> Any forbearance by Lender in exercising any right or remedy hereunder, or otherwise <br /> • <br /> afforded by applicable law, shall not be a waiver of or preclude the exercise of any • <br /> such right or remedy. <br /> 10. Successors and Assigns Bound: Joint and Several Liability: Co- signers. <br /> The covenants and agreements herein contained shall bind, and the rights hereunder <br /> shall inure to the benefit of, the respective successors and assigns of Lender and <br /> Borrower, subject to the provisions of paragraph 14 hereof. All covenants and <br /> agreements of Borrower shall be joint and several. <br /> • <br /> 11. Notice. Except for any notice required under applicable law to be given <br /> in another manner, (a) any notice to Borrower provided for in this Deed of Trust <br /> shall be given by delivering it or by mailing such notice by certified mail return <br /> receipt requested addressed to Borrower at Lloyd Wise Company, 10550 East 14th <br /> • <br /> Redevelopment Agency (Automall) <br /> Deed of Trust <br /> October 2, 1996 Page 5 of 10 <br />
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