Laserfiche WebLink
<br />. . " .' <br /> <br />It <br />. <br /> <br />. <br />. <br /> <br />. <br />. <br /> <br />installments of principal and interest payable from <br />January 1,1982 to December 1,1986, shall be $3,028.18. <br />The amount of the monthly installments due from and <br />after January 1,1987 will be adjusted as necessary to <br />reflect any change made on December 1,1986 in the rate <br />of interest. <br /> <br />4. <br /> <br />This Commitment shall expire on December 21, 1982. <br /> <br />Reference is hereby made to Section 8 of the Project Agreement <br />and to the Standard Terms and Conditions (as modified by said <br />Section 8) set forth as Exhibit C to the Participation Agreement <br />for a statement of the terms and conditions to which this <br />Commitment is subject. Copies of said Section 8 and said <br />Standard Terms and Conditions are attached hereto for your <br />convenience. Please note the lease and income coverage <br />requirements of Section 8.2.2 of the Project Agreement. Nothing <br />herein changes or waives any conditions to this Commitment, as <br />set forth in Section 8 and the Standard Terms and Conditions. <br /> <br />This Commitment has been approved by the Redevelopment Commission <br />of the City of Santa Ana. <br /> <br />This Commitment may not be assigned. <br /> <br />Very truly yours, <br /> <br />Rex Swanson <br />Executive Director <br /> <br />RS/lj <br /> <br />ACCEPTANCE <br /> <br />The undersigned hereby accepts the above Commitment and <br />agrees to be bound by the terms and conditions set forth or <br />referenced therein. The undersigned acknowledges that the Agency <br />will assign its rights in the subject loan as security for a loan <br />obtained by the Agency from Wells Fargo Bank in contemplation of <br />the subject Loan, and that Agency is not obligated to make the <br />subject Loan except from the p~oceeds of the loan obtained from <br />said Bank. . <br /> <br />Da ted : <br /> <br />Adolfo Lopez <br /> <br />Janet Lopez <br />