1980-075 CRA - Laserfiche WebLink

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. . . . . . '.,m"".,."" 'Þ"-" ...., standards for residential construction, including any higher standards adopted by the Agency for the Redevelopment Project Area or !ís part of the redevelopment program. Residential Mortgage Financing Program means any act or thing done by the Agency, the Trustee, and any Qualified Mortgage Lender and Servicer under the Resolution for the Purposes of encouraging investment within and upgrading of the Redevelopment Project Area in accordance with the redevelopment plan for the Redevelopment Project Area by providing permanent Financing for Residential Construction through the purchase of Mortgage Loans with the proceeds of Bonds. Resolution means this Resolution, as from time to time amended or supplemented by any Supplemental Resolution in accordance with the terms hereof. Revenues means all payments, proceeds, charges, rents and all interest and other income derived in cash by the Trustee or a Servicer by or for the account of the Agency from or related to the Residential Mortgage Financing Program, including without limiting the generality of the foregoing, scheduled amortization payments of prinicpal of and interest on Mortgage Loans and Prepayments, the proceeds of sale of Mortgage Loans, the proceeds of sale of Residences upon Foreclosure of Defaulted Mortgage Loans (net of amounts requ ired to be paid to Mortgagors or other owners, of Res i dences), Mortgage I nsurance Proceeds, the proceeds of Haz ard I nsurance and Speci a 1 Hazard Insurance (net of amounts appl ied to restore a mortgaged Residence), interest earned or income derived from Permitted Investments, and including moneys depos i ted in any Fund or Account estab 1 i shed for the benefit of the Bonds (including undisbursed Bond proceeds) or to provide for the principal for, and interest of the Bonds, but excluding Servicer's fees, Escrow Payments and any fee charged by the Agency for participation in the Residential Mortgage Financing Program, and including such other moneys as the Agency may solely in its discretion make avail able therefor. Rules' and Regulations means those rules and regulations adopted by the Agency in connection with its Residential Mortgage Financing Program. Secretary means the Secretary of the Agency. Sellers' Guide means the Sellers' Guide (being a supplement to the Mortgage Loan Purchase Agreement), approved as of July 1, 1980, as now or hereafter amended, containing further criteria for the origination of Mortgage Loans by aQua 1 i fi ed Mortgage Lender for sal e to the Trus tee on beh alf of the Agency. Serial Bonds means Bonds so des ignated in the Supplemental Resolution, which are stated to be payable by their terms in more than two (2) consecutive annual installments. 12