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Inst 2012189380
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Inst 2012189380
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CM City Clerk-City Council
Document Date (6)
5/31/2012
Recorded Document Type
_Other
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PERM
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• • <br /> North American Title Company <br /> Page 7 <br /> $5,750,000, in conformance with the proforma title policy approved by the <br /> Partnership (the "Owner Title Policy"). <br /> C. You are prepared and irrevocably committed to issue to CaIHFA ALTA Lender's Title <br /> Policies insuring the liens of the CaIHFA Deed of Trust, as assigned to Eden Surf LP, and <br /> the CaIHFA RHCP Deed of Trust in accordance with the CaIHFA Instructions (collectively, <br /> the "CaIHFA Title Policy"). <br /> D. You are prepared and irrevocably committed to issue to the City a 2006 ALTA Lender <br /> Title Policy in the amount of the Amended City Note and the Additional City Note, <br /> insuring the priority of the City A&R Deed of Trust in accordance with these Instructions <br /> (the "City Title Policy"). Please include the following endorsements with the City Title <br /> Policy: CLTA Endorsements: 100, 104.7, and 116 (modified for apartments). <br /> E. You are prepared and irrevocably committed to issue to the City a 2006 ALTA Lender <br /> Title Policy in the amount of the Agency Loan insuring the.priority of the Agency Deed of <br /> Trust, as assigned, in accordance with these Instructions (the "City/Agency Title Policy"). <br /> Please include the following endorsements with the City Title Policy: CLTA <br /> Endorsements: 100, 104.7, and 116 (modified for apartments). <br /> F. You are prepared and irrevocably committed to issue to the County a 2006 ALTA Lender <br /> Title Policy in the amount of the County Loan insuring the priority of the County Deed of <br /> Trust in accordance with these Instructions (the "County Title Policy"). Please include <br /> the following endorsements with the City Title Policy: CLTA Endorsements: 100 104.7, <br /> and 116 (modified for apartments). <br /> G. You have had telephone and email contact with: <br /> (i) the Citizens Surf LP and the Eden Surf LP's representative Natalie L. Gubb or any <br /> attorney at Gubb & Barshay LLP (ngubb @gubbandbarshay.com /415-781-6600); <br /> (ii) the City's and the Agency's representative Susan E. Bloch at Meyers Nave <br /> (sbloch @meyersnave.com/510-808-2058) or Steve Hernandez <br /> (SHernandez @ci.san-leandro.ca.us/510-577-6005 ; <br /> (iii) the County's representative Polly Marshall at Goldfarb & Lipman LLP <br /> (PMarshall @goldfarblipman.com/510-836-6336) <br /> that all other conditions of closing required by the parties hereto have been satisfied. <br />
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