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<br />. <br /> <br />. <br /> <br />~ <br /> <br />(e) <br /> <br />The New Bond will have a maturity date of September 15, <br /> <br />2007. <br /> <br />(f) The value of the bond upon maturity will be One Hundred <br />Eighty-Eight Thousand Nine Hundred Dollars ($l88,900.00). <br /> <br />(g) The 1981 Note shall be cancelled and the 1981 Deed of Trust <br />shall be reconveyed. <br /> <br />(h) The 1985 Note shall be cancelled and the 1985 Deed of Trust <br />shall be reconveyed. <br /> <br />BE IT FURTHER RESOLVED that the Executive Director is authorized to take <br />such actions on behalf of the Agency as are appropriate to carry out the above <br />described refinancing, including, but not limited to, the signing of all <br />appropriate documents, the establishment of a loan escrow, and execution of <br />agreements with the borrower, including joint escrow instructions, and in so <br />doing to impose such requirements as he deems appropriate for the protection <br />of the Agency's interest. <br /> <br />ADOPTED this <br /> <br />l8th day of <br /> <br />August <br /> <br />, 1992, by the following vote: <br /> <br />AYES: <br /> <br />McGuigan, Norton, Pulido, Richardson <br /> <br />MEMBERS <br /> <br />NOES: <br /> <br />MEMBERS <br /> <br />ABSENT: <br /> <br />Griset, Acosta, Young <br /> <br />MEMBERS <br /> <br />~~ <br /> <br />ATTEST: <br /> <br />Cy~2:::wr- <br /> <br />Executive Director and <br />Recording Secretary <br /> <br />APPROVED AS TO FORM: <br /> <br />~6 <br />Edward J. Co r <br />Agency Legal Counsel <br /> <br />RLD:3lJ <br /> <br />-2- <br /> <br />9 <br /> <br />SA <br />