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55A - AGMT LEGACY APARTMENTS
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55A - AGMT LEGACY APARTMENTS
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Last modified
12/10/2020 5:00:39 PM
Creation date
12/10/2020 4:55:21 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
55A
Date
12/15/2020
Destruction Year
2025
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iW:cu:110:1 <br />It. Default by Subordinate Lender or Senior Lender. <br />If Subordinate Lender or Senior Lender defaults in performing or observing any of the <br />terms, covenants or conditions to be performed or observed by it under this Agreement, the other, <br />non -defaulting lender shall have the right to all available legal and equitable relief. <br />12. Notices. <br />Each notice, request, demand, consent, approval or other communication (hereinafter in <br />this Section referred to collectively as "notices" and referred to singly as a "notice") which the <br />Senior Lender or the Subordinate Lender is required or permitted to give to the other party <br />pursuant to this Agreement shall be in writing and shall.be deemed to have been duly and <br />sufficiently given if: (a) personally delivered with proof of delivery thereof (any notice so <br />delivered shall be deemed to have been received at the time so delivered); or (b) sent by Federal <br />Express (or other similar national overnight courier) designating early morning delivery (any <br />notice so delivered shall be deemed to have been received on the next Business Day following <br />receipt by the courier); or (c) sent by United States registered or certified mail, return receipt <br />requested, postage prepaid, at a post office regularly maintained by the United States Postal <br />Service (any notice so sent shall be deemed to have been received two days after mailing in the <br />United States), addressed to the respective parties as follows: <br />SENIOR LENDER (prior to the Bank of America, N.A. <br />Conversion Date): 2000 Clayton Road 6th Floor <br />Mail Code: CA4-704-06-06 <br />Concord, CA 94520 <br />Attention: Loan Administration Manager <br />SENIOR LENDER (on and after California Community Reinvestment Corporation <br />the Conversion Date): 100 West Broadway, Suite 1000 <br />Glendale, California 91210 <br />Attention: President <br />SUBORDINATE LENDER: <br />in either case with copy to: <br />Buchalter, a Professional Corporation <br />1000 Wilshire Blvd., Suite 1500 <br />Los Angeles, California 90017-2457 <br />Attention: Michael Williamson, Esq. <br />City of Santa Ana <br />Community Development Agency <br />20 Civic Center Plaza (M-26) <br />P.O. Box 1988 <br />Santa Ana. CA 92702 <br />Attention: Housing Manager <br />Submh nil imi A n ecmen I — Legacy Square <br />12 <br />55A-127 <br />
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