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WASHINGTON SANTA ANA HOUSING PARTNERS, L (3).P
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WASHINGTON SANTA ANA HOUSING PARTNERS, L (3).P
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Last modified
8/10/2022 11:58:42 AM
Creation date
8/10/2022 11:57:45 AM
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Contracts
Company Name
WASHINGTON SANTA ANA HOUSING PARTNERS, L.P
Contract #
A-2022-133-01
Agency
Community Development
Council Approval Date
6/21/2022
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Property, the cost of any required or necessary repair, cleanup, remedy, or detoxification of any <br />hazardous Substance and the preparation of any closure, remedial action, or other required plans. <br />Trustor's obligations will survive the satisfaction, release, or cancellation of the indebtedness, <br />the release and reconveyance or partial release and reconveyance of this Deed of Trust, and the <br />foreclosure of the lien of this Deed of Trust or deed in lieu of the Deed of Trust, for any liability <br />accruing or arising prior to such satisfaction, release, or cancellation of the indebtedness, the <br />release and reconveyance or partial release and reconveyance of this Deed of Trust, and the <br />foreclosure of the lien of this Deed of Trust or deed in lieu of the Deed of Trust. <br />5.5. Additional Covenants of Trustor. <br />(a) Trustor and Beneficiary agree that: <br />(1) this Section is intended as Beneficiary's written request for <br />information and Trustor's written response concerning the environmental condition of the <br />Property as provided by Code of Civil Procedure § 726.5; and <br />(2) each representation, warranty, covenant, or indemnity made by <br />Trustor in this Section or in any other provision of this Deed of Trust or any Loan Document that <br />relates to the environmental condition of the Property is intended by Trustor and Beneficiary to <br />be an "environmental provision" for purposes of Code of Civil Procedure § 736 and will survive <br />the payment of the indebtedness and the termination or expiration of this Deed of Trust and will <br />not be affected by Lender's acquisition of any interest in the Property, whether by full credit bid <br />at foreclosure, deed in lieu of that, or otherwise. If there is any transfer of any portion of <br />Trustor's interest in the Property, any successor -in -interest to Trustor agrees by its succession to <br />that interest that the written request made pursuant to this Section will be deemed remade to the <br />successor -in -interest without any further or additional action on the part of Beneficiary and that <br />by assuming the debt secured by this Deed of Trust or by accepting the interest of Trustor subject <br />to the lien of this Deed of Trust, the successor remakes each of the representations and <br />warranties in this Deed of Trust and agrees to be bound by each covenant in this Deed of Trust, <br />including, but not limited to, any indemnity provision. <br />(b) Even though Trustor may have provided Beneficiary with an <br />environmental site assessment or other environmental report together with other relevant <br />information regarding the environmental condition of the Property, Trustor acknowledges and <br />agrees that Beneficiary is not accepting the Property as security for the Loan based on that <br />assessment, report, or information. Rather, Beneficiary has relied on the representations and <br />warranties of Trustor in this Deed of Trust, and Beneficiary is not waiving any of its rights and <br />remedies in the environmental provisions of this Deed of Trust or any other Loan Document. <br />(c) Beneficiary or its agents, representatives, and employees may seek a <br />judgment that Trustor has breached its covenants, representations, or warranties in Section 2 of <br />this Deed of Trust or any other covenants, representations, or warranties that are deemed to be <br />"environmental provisions" pursuant to Code of Civil Procedure § 736 (each an <br />"Environmental Provision"), by commencing and maintaining an action or actions in any court <br />of competent jurisdiction pursuant to Code of Civil Procedure § 736, whether commenced prior <br />to or after foreclosure of the lien of this Deed of Trust. Beneficiary or its agents, representatives, <br />22 <br />The Crossroads at Washington <br />City NSP Deed or Trust <br />
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