My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
WESTVIEW HOUSE L (4).P
Clerk
>
Contracts / Agreements
>
W
>
WESTVIEW HOUSE L (4).P
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/6/2022 11:58:12 AM
Creation date
7/6/2022 11:57:20 AM
Metadata
Fields
Template:
Contracts
Company Name
WESTVIEW HOUSE L.P
Contract #
A-2022-084-02
Agency
Community Development
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
40
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
The Beneficiary shall have power to: (1) institute and maintain such suits and <br />proceedings as it may in its reasonable discretion deem expedient to prevent any impairment of <br />the Security and the rights of the Beneficiary as may be unlawful or any violation of this Deed of <br />Trust, (2) preserve or protect its interest (as described in this Deed of Trust) in the Security, and <br />(3) restrain the enforcement of or compliance with any legislation or other governmental <br />enactment, rule or order that may be unconstitutional or otherwise invalid, if the enforcement for <br />compliance with such enactment, rule or order would impair the Security thereunder or be <br />prejudicial to the interest of the Beneficiary. <br />7.11. Trustee May File Proofs of Claim. <br />In the case of any receivership, insolvency, bankruptcy, reorganization, arrangement, <br />adjustment, composition or other proceedings affecting the Trustor, its creditors or its property, <br />the Beneficiary, to the extent permitted by law, shall be entitled to file such proofs of claim and <br />other documents as may be necessary in order to have the claims of the Beneficiary allowed in <br />such proceedings and for any additional amount which may become due and payable by the <br />Trustor hereunder after such date. <br />7.12. Limited Partner Cure Rights. <br />Notwithstanding anything to the contrary in this Deed of Trust, Beneficiary shall give the <br />investor limited partner of Truster the following notice at the address provided in Section 8.3(b) <br />and cure rights: <br />(a) Beneficiary will give the limited partner a copy of any notice (at the limited <br />partner's address provided in a notice by Trustor to Beneficiary) that Beneficiary gives to Trustor <br />under this Deed of Trust, provided that Trustor has provided the address and contact information <br />for the investor limited partner in writing to Beneficiary; <br />(b) Beneficiary will give the limited partner thirty (30) days after the limited partner's <br />receipt of such notice to cure a non-payment of any sum due under this Deed of Trust; <br />(c) Beneficiary will give the limited partner sixty (60) days after the limited partner's <br />receipt of such notice to cure any other default under this Deed of Trust; <br />(d) If a non -monetary default is incapable of being cured within sixty (60) days, <br />Beneficiary will give the limited partner such additional time as is reasonably necessary to cure <br />such default provided the limited partner has commenced to cure such default and is diligently <br />proceeding to cure such default through the end of such period; and <br />(e) If the limited partner makes any such payment or otherwise cures such default, the <br />Beneficiary will accept such action as curing such default as if such payment or cure were made <br />by Trustor. <br />Section 8. MISCELLANEOUS <br />8.1. Amendments. <br />28 <br />Westview House <br />City Inclusionary Housing Program Deed of Tmst <br />
The URL can be used to link to this page
Your browser does not support the video tag.