Laserfiche WebLink
EXHIBIT 1 <br />TABLE OF CONTENTS <br />Section 1. <br />Definitions and Interpretation..............................................................................................2 <br />Section 2. <br />Representations, Covenants and Warranties of the Borrower ........................................... <br />6 <br />Section 3. <br />Residential Rental Property................................................................................................ <br />6 <br />Section 4. <br />Low Income Tenants...........................................................................................................8 <br />Section 5. <br />Tax Status of the Bonds....................................................................................................11 <br />Section 6. <br />Modification of Special Tax Covenants.............................................................................12 <br />Section7. <br />Indemnification..................................................................................................................12 <br />Section8. <br />Consideration....................................................................................................................14 <br />Section9. <br />Reliance............................................................................................................................14 <br />Section 10. <br />Sale or Transfer of the Project..........................................................................................14 <br />Section11. <br />Term..................................................................................................................................15 <br />Section 12. <br />Covenants to Run With the Land......................................................................................16 <br />Section 13. <br />Burden and Benefit...........................................................................................................16 <br />Section 14. <br />Uniformity; Common Plan.................................................................................................16 <br />Section15. <br />Enforcement......................................................................................................................16 <br />Section 16. <br />Recording and Filing.........................................................................................................17 <br />Section17. <br />Payment of Fees...............................................................................................................17 <br />Section18. <br />Governing Law..................................................................................................................18 <br />Section19. <br />Amendments.....................................................................................................................18 <br />Section20. <br />Notice................................................................................................................................19 <br />Section21. <br />Severability........................................................................................................................19 <br />Section 22. <br />Multiple Counterparts........................................................................................................19 <br />Section23. <br />No Trustee........................................................................................................................19 <br />Section 24. <br />Compliance by Borrower...................................................................................................20 <br />Section 25. <br />Limited Liability..................................................................................................................20 <br />Section 26. <br />No Interference or Impairment of Loan.............................................................................20 <br />Section 27. <br />Character of Borrower's Obligations................................................................................. <br />20 <br />Section 28. <br />Regulatory Agreement As Replacement...........................................................................21 <br />Section29. <br />HUD Rider.........................................................................................................................21 <br />HUD RIDER <br />EXHIBIT A LEGAL DESCRIPTION OF THE SITE <br />EXHIBIT B INCOME COMPUTATION AND CERTIFICATION <br />EXHIBIT C CERTIFICATE OF CONTINUING PROGRAM COMPLIANCE <br />4143-1754-2168.3 <br />4-4 <br />